An Investigation of the Factor Structure of Business Environmental Factors in the Pharmaceutical Sector in Kano Metropolis, Nigeria.

Abstract

This study was conceived to investigate the business environmental factors in Kano metropolis, North West Nigeria, and determine their structure within the business environment as it affects manufacturing pharmaceutical companies. Thirty two companies were selected for the study. The study adopted a descriptive correlational and survey designs, three hundred and twenty (320) researcher devised questionnaires were distributed to employees of the pharmaceutical companies. The paper established various levels of the nature of the components that made up the dimensions of the business environment in Kano Metropolis. The study established that factors in the legal, technological, existing and potential suppliers, and socio cultural factors constitutes 63.23% variation in the business environment. The study recommends that manufacturers of pharmaceutical products in Kano state should consider and pay close attention to these factors if they are to succeed in their operations and become competitive.