The Process Approach to Achieve Economic Security through Small and Medium Enterprises [SME] Development – the Idea for Nigeria
The Process Approach to Achieve Economic Security through Small and Medium Enterprises [SME] Development – the Idea for Nigeria

Summary/Abstract: The paper was prepared as the result of the cooperation and development programs that have been run by the authors and the University of Lagos, Nigeria and is the voice in discussion to encourage Nigerian Government to build their Economic Security through Small and Medium Enterprises [SME] development with utilization of the process approach. Moreover it is an attempt to identify the challenges associated with a dynamically changing environment that is faced by Nigerian government and Nigerian SME sector, to identify practices that allow to create roots to develop efficient, self-sustainable, family driven Small and Medium Enterprises [SME] that would contribute to elimination of most important Nigerian problems and Nigerian development. The objective of the paper presents the concept of applying Business Process Management, Business Model Canvas and Value-Added IT Supported Integrated System (VITIS) as the main philosophies in the process of the developingt the framework to create strong SME sector that due to its role in the economy could help to develop economic security. The paper is divided into two general parts: theoretical, where relations between Economic security, Small Business and Business Process Management and Development of Business Process Management are displayed and the conceptual part that is based on the classic most simple process chain: input – action – output.

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