ECONOMIC RECESSION AND RESILIENCE OF FISH BUSINESSES IN RIVERS STATE

Tamunofiri Marian Iringe-Koko
Department of Management,
University of Port Harcourt,
Nigeria.
08112238190
firifarn@gmail.com

B. Chima Onuoha (PhD)
Professor of Management
Department of Management,
University of Port Harcourt,
Nigeria.
Chimaonuoha2005@yahoo.co.uk

ABSTRACT

This study examined the relationship between expansion strategy and resilience of fish farm businesses in Rivers state. One hundred and eighteen (118) copies of questionnaires were retrieved and 112 usable and were analyzed from the field survey. Spearman’s ranking order correlation coefficient statistical tool was employed to ascertain the relationship that exist between the variables while the P-value obtained was used to test the hypotheses that were developed for the study. Regression analysis was adopted for the multivariate level analysis to ascertain the moderating effect of entrepreneurial motives and the relationship between expansion strategies and resilience of fish farms. Findings revealed a significant relationship between the dimensions of expansion strategy namely, vertical expansion, upward and downward and horizontal, related, and unrelated and the measures of resilience of fish farm, agility, robustness, adaptability. And employee motive significantly moderates the relationship between the predictor and criterion variables. It was concluded that expansion strategy significantly relates to resilience of fish businesses in Rivers state. The study recommended that the examined fish business entrepreneurs’ motive should strive to adopt expansion strategy to manage the fish business as this will foster healthy competition against meat which is a close substitute to fish and from pandemic outbreak as this will make fish entrepreneurs more satisfactory.

Keywords: Resilience, Expansion strategy, Entrepreneurial motive, Economic recession