This study focuses on the effect of competence based management system on competitive advantage of deposit money banks in South-South and South- East zones in Nigeria. The specific objectives are to ascertain the effect of leadership capability competence on competitive advantage, to determine the effect of functional competence on competitive advantage, to examine the effect of network capability competence on competitive advantage, to determine the effect of marketing capability competence on competitive advantage and to examine the effect of research and development capability competence on competitive advantage. Cross sectional survey research design method was employed. The population for the study consists of the eight (8) commercial Banks licensed by the CBN with international authorization with total population of 1,612. The sample size of three hundred and twenty one (321) was obtained using Taro Yamani sample size formula. A stratified sampling technique was used. The study was driven by primary and secondary data. The data were analyzed using correlation and regression analysis as analytical tools. The study concluded that leadership capability competence influence competitive advantage. Enhancing the leadership competences along the organizational structure is very vital for making the banks attractive to work and compete on regional and international level. Banks are highly encouraged to develop a clear strategy for enhancing a leadership competency in order to improve its performance and get the most out of its capabilities. The study recommends that every bank should engage in training in all aspect of organization to develop the competency/capacity for production management so as to achieve competitive advantage.
{"title":"Sustaining competitive advantage through techniques that are competence based in commercial banks","authors":"Obioma Hilary Ibegbulem, O. Odita, A. Kifordu","doi":"10.58934/jgeb.v4i13.145","DOIUrl":"https://doi.org/10.58934/jgeb.v4i13.145","url":null,"abstract":"This study focuses on the effect of competence based management system on competitive advantage of deposit money banks in South-South and South- East zones in Nigeria. The specific objectives are to ascertain the effect of leadership capability competence on competitive advantage, to determine the effect of functional competence on competitive advantage, to examine the effect of network capability competence on competitive advantage, to determine the effect of marketing capability competence on competitive advantage and to examine the effect of research and development capability competence on competitive advantage. Cross sectional survey research design method was employed. The population for the study consists of the eight (8) commercial Banks licensed by the CBN with international authorization with total population of 1,612. The sample size of three hundred and twenty one (321) was obtained using Taro Yamani sample size formula. A stratified sampling technique was used. The study was driven by primary and secondary data. The data were analyzed using correlation and regression analysis as analytical tools. The study concluded that leadership capability competence influence competitive advantage. Enhancing the leadership competences along the organizational structure is very vital for making the banks attractive to work and compete on regional and international level. Banks are highly encouraged to develop a clear strategy for enhancing a leadership competency in order to improve its performance and get the most out of its capabilities. The study recommends that every bank should engage in training in all aspect of organization to develop the competency/capacity for production management so as to achieve competitive advantage.","PeriodicalId":32548,"journal":{"name":"Global Journal of Economics and Business","volume":"16 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86994195","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The study was on strategic diversification measures and organizational performance. Two research questions were raised to guide the study. The study was anchored on the cost transaction theory. Also, a sample size of 217 was determined using the right statistical formula. Findings revealed a positive relationship between product and geographical diversification on performance. Recommendations and conclusions were drawn along that line.
{"title":"Adopting strategic diversification measures and organizational performance in manufacturing concerns: an empirical overview","authors":"Jonah Ojiru","doi":"10.58934/jgeb.v4i13.144","DOIUrl":"https://doi.org/10.58934/jgeb.v4i13.144","url":null,"abstract":"The study was on strategic diversification measures and organizational performance. Two research questions were raised to guide the study. The study was anchored on the cost transaction theory. Also, a sample size of 217 was determined using the right statistical formula. Findings revealed a positive relationship between product and geographical diversification on performance. Recommendations and conclusions were drawn along that line.","PeriodicalId":32548,"journal":{"name":"Global Journal of Economics and Business","volume":"2 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78921126","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study evaluates the asymmetry effect of budget deficit and inflation in Nigeria spanning 1986 and 2020. The dissertation employed the Non-linear Autoregressive Distributed Lag (NARDL) approach of Shin, Yu and Greenwood-nimmo (2014) to examine the effect of budget deficit on inflation in Nigeria. The study employed annual data on budget deficit (proxied by budget deficit as a share of GDP), money supply (proxied by money supply), inflation (proxied by consumer price index) collected from Central Bank of Nigeria Statistical Bulletin, 2020 edition. The result of the effect of budget deficit on inflation indicates that in the long run, positive change in budget deficit induces inflation. This result indicates that rise in budget deficit is inflationary in Nigeria. Furthermore, the inflationary role of positive change in budget leads to higher price level. In addition, a negative change in budget deficit exerts an inflationary pressure in the long run though insignificant. Based on the findings of our analyses, the study concludes that budget deficit raises money supply and induces inflationary pressure in Nigeria. The study therefore recommends that there is need for the authorities in Nigeria should reduce the cost of governance by reducing overhead and allowance of political office holder in order to reduce budget deficit.
{"title":"The asymmetry effect of budget deficit and inflation in Nigeria","authors":"A. M. Garba","doi":"10.58934/jgeb.v4i13.143","DOIUrl":"https://doi.org/10.58934/jgeb.v4i13.143","url":null,"abstract":"This study evaluates the asymmetry effect of budget deficit and inflation in Nigeria spanning 1986 and 2020. The dissertation employed the Non-linear Autoregressive Distributed Lag (NARDL) approach of Shin, Yu and Greenwood-nimmo (2014) to examine the effect of budget deficit on inflation in Nigeria. The study employed annual data on budget deficit (proxied by budget deficit as a share of GDP), money supply (proxied by money supply), inflation (proxied by consumer price index) collected from Central Bank of Nigeria Statistical Bulletin, 2020 edition. The result of the effect of budget deficit on inflation indicates that in the long run, positive change in budget deficit induces inflation. This result indicates that rise in budget deficit is inflationary in Nigeria. Furthermore, the inflationary role of positive change in budget leads to higher price level. In addition, a negative change in budget deficit exerts an inflationary pressure in the long run though insignificant. Based on the findings of our analyses, the study concludes that budget deficit raises money supply and induces inflationary pressure in Nigeria. The study therefore recommends that there is need for the authorities in Nigeria should reduce the cost of governance by reducing overhead and allowance of political office holder in order to reduce budget deficit.","PeriodicalId":32548,"journal":{"name":"Global Journal of Economics and Business","volume":"19 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75423458","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The main objective of the study is to explore the effect of employee empowerment on organizational effectiveness. The study results show that employee empowerment explained a significant relation with organizational effectiveness. Cross-sectional research was used as the sampling strategy. This survey is based on a questionnaire and data collected from 375 employees of selected Commercial Bank in Asaba, Delta State. To analyse the data, SPSS version 23.0 is used. To check the relationship between the variables correlation analysis is used and to check the effect between variables linear regression analysis is used. Thus, all the hypotheses showed significant results. The study recommends that management should review its process of performance evaluations and rewards. Conduct regular employee evaluations, support employees emotionally and cultivate an environment where staff can approach management with their needs.
{"title":"Employee empowerment and organizational effectiveness in selected commercial banks in Asaba Delta State","authors":"Zeal Eboka","doi":"10.58934/jgeb.v4i13.146","DOIUrl":"https://doi.org/10.58934/jgeb.v4i13.146","url":null,"abstract":"The main objective of the study is to explore the effect of employee empowerment on organizational effectiveness. The study results show that employee empowerment explained a significant relation with organizational effectiveness. Cross-sectional research was used as the sampling strategy. This survey is based on a questionnaire and data collected from 375 employees of selected Commercial Bank in Asaba, Delta State. To analyse the data, SPSS version 23.0 is used. To check the relationship between the variables correlation analysis is used and to check the effect between variables linear regression analysis is used. Thus, all the hypotheses showed significant results. The study recommends that management should review its process of performance evaluations and rewards. Conduct regular employee evaluations, support employees emotionally and cultivate an environment where staff can approach management with their needs. ","PeriodicalId":32548,"journal":{"name":"Global Journal of Economics and Business","volume":"34 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79257944","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study evaluates the threshold level of budget deficit and money supply that stabilize inflation in Nigeria spanning 1986 and 2020. The study aimed at determine the threshold level of budget deficit and money supply that stabilize inflation in Nigeria. In Addition, the study applied the Hansen threshold model (1998) to estimate the threshold level. The study employed annual data on budget deficit (proxied by budget deficit as a share of GDP), money supply (proxied by money supply), inflation (proxied by consumer price index) collected from Central Bank of Nigeria Statistical Bulletin, 2020 edition. Based on the findings of our analyses, the study concludes that budget deficit raises money supply and induces inflationary pressure in Nigeria. The study therefore recommends that there is need for the authorities in Nigeria should reduce the cost of governance by reducing overhead and allowance of political office holder in order to reduce budget deficit. The study therefore recommends that government must ensure that yearly budget imbalance does not exceed this threshold in order to mitigate deficit induce inflation. Also, there is the need for government to strengthening public financial management reforms (like Fiscal Responsibility Act, the Medium-Term Expenditure Framework). This will engender fiscal discipline and reduce fiscal deficit over time.
{"title":"The threshold level of budget deficit and money supply that stabilize inflation in Nigeria","authors":"A. M. Garba","doi":"10.58934/jgeb.v4i13.142","DOIUrl":"https://doi.org/10.58934/jgeb.v4i13.142","url":null,"abstract":"This study evaluates the threshold level of budget deficit and money supply that stabilize inflation in Nigeria spanning 1986 and 2020. The study aimed at determine the threshold level of budget deficit and money supply that stabilize inflation in Nigeria. In Addition, the study applied the Hansen threshold model (1998) to estimate the threshold level. The study employed annual data on budget deficit (proxied by budget deficit as a share of GDP), money supply (proxied by money supply), inflation (proxied by consumer price index) collected from Central Bank of Nigeria Statistical Bulletin, 2020 edition. Based on the findings of our analyses, the study concludes that budget deficit raises money supply and induces inflationary pressure in Nigeria. The study therefore recommends that there is need for the authorities in Nigeria should reduce the cost of governance by reducing overhead and allowance of political office holder in order to reduce budget deficit. The study therefore recommends that government must ensure that yearly budget imbalance does not exceed this threshold in order to mitigate deficit induce inflation. Also, there is the need for government to strengthening public financial management reforms (like Fiscal Responsibility Act, the Medium-Term Expenditure Framework). This will engender fiscal discipline and reduce fiscal deficit over time.","PeriodicalId":32548,"journal":{"name":"Global Journal of Economics and Business","volume":"14 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86606017","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The paper empirically employed the Autoregressive Distributed Lagged (ARDL) Bound Test Approach to evaluate data acquired from the CBN Statistical Bulletin, NBS, MYTO-2015 Distribution Tariffs, NERC, PHCN, NEPA, and WB/WDI Database from 1971 to 2021. The ARDL result estimate indicates that in the short and long run electricity supplies is consequential but no influence on electricity tariff and gross domestic product. This indicates that when electricity supplies grow, so does electricity tariff and gross domestic product; however, the gain is not statistically significant. Long-run and short–run electricity supply has not favor and no influence on per capita income. This suggests that as electricity supply increase, per capita income declines. The ECM coefficient, which represents the disequilibrium, is adjusted and brought back to equilibrium at a rate of 22.9% the next year. The R2 of around (77.9%) percent and the adj-R2 of about (74.4%) percent indicated that the model fit well since these levels of total variations in power supply were explained by changes in the explanatory variables. We concluded that it is essential for the development of the Nigerian electricity supply business to have a tariff that would balance the interaction between electricity supply and electricity tariffs while also ensuring a margin of returns on investment. This study recommends that Federal Government of Nigeria should spend extensively in the transmission subsector of the Nigerian Electricity Supply Industry (NESI) to increase its efficiency. In addition, private sector investment in electricity should be encouraged, as industry predictions for the next decade show a favorable trend, coupled with continuous macroeconomic progress.
{"title":"An autoregressive distributed lagged (ARDL) bound testing approach to electricity supply and electricity tariff in Nigeria","authors":"Gwong Timothy Madaki, B. Akanegbu","doi":"10.58934/jgeb.v4i13.149","DOIUrl":"https://doi.org/10.58934/jgeb.v4i13.149","url":null,"abstract":"The paper empirically employed the Autoregressive Distributed Lagged (ARDL) Bound Test Approach to evaluate data acquired from the CBN Statistical Bulletin, NBS, MYTO-2015 Distribution Tariffs, NERC, PHCN, NEPA, and WB/WDI Database from 1971 to 2021. The ARDL result estimate indicates that in the short and long run electricity supplies is consequential but no influence on electricity tariff and gross domestic product. This indicates that when electricity supplies grow, so does electricity tariff and gross domestic product; however, the gain is not statistically significant. Long-run and short–run electricity supply has not favor and no influence on per capita income. This suggests that as electricity supply increase, per capita income declines. The ECM coefficient, which represents the disequilibrium, is adjusted and brought back to equilibrium at a rate of 22.9% the next year. The R2 of around (77.9%) percent and the adj-R2 of about (74.4%) percent indicated that the model fit well since these levels of total variations in power supply were explained by changes in the explanatory variables. We concluded that it is essential for the development of the Nigerian electricity supply business to have a tariff that would balance the interaction between electricity supply and electricity tariffs while also ensuring a margin of returns on investment. This study recommends that Federal Government of Nigeria should spend extensively in the transmission subsector of the Nigerian Electricity Supply Industry (NESI) to increase its efficiency. In addition, private sector investment in electricity should be encouraged, as industry predictions for the next decade show a favorable trend, coupled with continuous macroeconomic progress.","PeriodicalId":32548,"journal":{"name":"Global Journal of Economics and Business","volume":"109 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80750382","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
We aim to establish the nexus between crude oil price and the interbank interest rate in order to ascertain if crude oil prices possesses a predictive ability on the interbank interest rates in Nigeria by using monthly series ranging from 2002:1 to 2021:12. The result of the Johenson Conitegration test indicated the existence of a long-run relationship between interest rate and crude oil prices, the variance decomposition and impulse response function results trace the behaviour of interbank interest rate as accounted by shocks on oil prices. The test of volatility using GARCH (1,1) confirmed that volatility was quite persistent while the Granger Causality test confirmed that oil price granger caused interbank interest rate. Finally, the forecast of interbank interest rate using structural autoregressive moving average (SARMA) revealed that oil price adequately forecast the behaviour of interbank interest rate. It is therefore recommended that policies in tackling the impact of fluctuations in oil prices should be formulated which will serve as an important source of stabilizing the movements in the interbank interest rate. Considering the importance of oil to the development and growth of the Nigerian economy, a focus to diversify the Nigerian economy away from over-dependence on oil revenue to other productive sectors of the economy using the financial receipts from crude oil will help to stabilize the interbank rates.
{"title":"Do oil prices forecast the interbank market interest rates in Nigeria?","authors":"C. C. Ihediwa, A. Adamu","doi":"10.31039/jgeb.v4i12.124","DOIUrl":"https://doi.org/10.31039/jgeb.v4i12.124","url":null,"abstract":"We aim to establish the nexus between crude oil price and the interbank interest rate in order to ascertain if crude oil prices possesses a predictive ability on the interbank interest rates in Nigeria by using monthly series ranging from 2002:1 to 2021:12. The result of the Johenson Conitegration test indicated the existence of a long-run relationship between interest rate and crude oil prices, the variance decomposition and impulse response function results trace the behaviour of interbank interest rate as accounted by shocks on oil prices. The test of volatility using GARCH (1,1) confirmed that volatility was quite persistent while the Granger Causality test confirmed that oil price granger caused interbank interest rate. Finally, the forecast of interbank interest rate using structural autoregressive moving average (SARMA) revealed that oil price adequately forecast the behaviour of interbank interest rate. It is therefore recommended that policies in tackling the impact of fluctuations in oil prices should be formulated which will serve as an important source of stabilizing the movements in the interbank interest rate. Considering the importance of oil to the development and growth of the Nigerian economy, a focus to diversify the Nigerian economy away from over-dependence on oil revenue to other productive sectors of the economy using the financial receipts from crude oil will help to stabilize the interbank rates.","PeriodicalId":32548,"journal":{"name":"Global Journal of Economics and Business","volume":"23 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85625972","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In developing countries, fraud and corruption are seen as a way of life, a norm of public service or a culture that cannot hope to disappear. Auditors specialize in error detection and treat fraud and corruption as secondary tasks in a particular business. The primary responsibility of a Forensic Investigation Professional (FIP) or forensic accountant is to investigate fraud in financial records. A certified public accountant is a witness of fact, while a forensic investigator or forensic accountant is an expert witness, not a witness of fact. They can testify in court as experts for either the prosecution or the defence. This paper aims to critically examine the requirements for fraud investigation professionals who need to be obtained by a forensic accountant in investigating fraud as one of the most serious financial crimes in any company. The findings suggest that forensic investigative professionals play a complementary role with government anti-fraud and anti-corruption agencies in strategies and policies to reduce the risk of systemic corruption. Findings also show that Forensic Investigation Professionals (FIPs) play an important role in reducing fraud and corruption risks in developing countries.
{"title":"A requirement for fraud investigation professionals","authors":"Chnar Abdullah Rashid","doi":"10.31039/jgeb.v4i12.121","DOIUrl":"https://doi.org/10.31039/jgeb.v4i12.121","url":null,"abstract":"In developing countries, fraud and corruption are seen as a way of life, a norm of public service or a culture that cannot hope to disappear. Auditors specialize in error detection and treat fraud and corruption as secondary tasks in a particular business. The primary responsibility of a Forensic Investigation Professional (FIP) or forensic accountant is to investigate fraud in financial records. A certified public accountant is a witness of fact, while a forensic investigator or forensic accountant is an expert witness, not a witness of fact. They can testify in court as experts for either the prosecution or the defence. This paper aims to critically examine the requirements for fraud investigation professionals who need to be obtained by a forensic accountant in investigating fraud as one of the most serious financial crimes in any company. The findings suggest that forensic investigative professionals play a complementary role with government anti-fraud and anti-corruption agencies in strategies and policies to reduce the risk of systemic corruption. Findings also show that Forensic Investigation Professionals (FIPs) play an important role in reducing fraud and corruption risks in developing countries.","PeriodicalId":32548,"journal":{"name":"Global Journal of Economics and Business","volume":"35 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85196894","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The purpose of this study was to investigate the effect of diversity management on the performance of employees in selected banks across Delta State. The study was anchored on social identity theory of exclusion in the workplace. A descriptive survey research design was used for the study. Data was sourced using the primary source. A population of 900 employees from selected banks in Delta State was used for the study. A sample size of 173 employees derived through Borg and Gall was used for the study. The instrument used for data collection was a structured questionnaire. The instrument was subjected to both face and content validity. A reliability co-efficient of 0.79 was obtained through the test-retest method. The data collected was analyzed using frequency count and percentages while ANOVA was used to test the hypotheses. The findings of the study revealed that gender, age, ethnicity, and educational diversity had significant positive effects on employees’ performance. The study recommended that in setting up teams in the workplace, personnel department in line with top managers must ensure that there is a proper representation of members of various ethnic groups, age and gender so as to create room for effective succession planning. Management should choose the most qualified in terms of academics to ensure that appropriate guides to thinking are done to formulate policies on diversity management and firm performance.
{"title":"Diversity indices as a blessing and a bane to organizational performance","authors":"A. Kifordu, John Bosco Ezeonwumelu","doi":"10.31039/jgeb.v4i12.118","DOIUrl":"https://doi.org/10.31039/jgeb.v4i12.118","url":null,"abstract":"The purpose of this study was to investigate the effect of diversity management on the performance of employees in selected banks across Delta State. The study was anchored on social identity theory of exclusion in the workplace. A descriptive survey research design was used for the study. Data was sourced using the primary source. A population of 900 employees from selected banks in Delta State was used for the study. A sample size of 173 employees derived through Borg and Gall was used for the study. The instrument used for data collection was a structured questionnaire. The instrument was subjected to both face and content validity. A reliability co-efficient of 0.79 was obtained through the test-retest method. The data collected was analyzed using frequency count and percentages while ANOVA was used to test the hypotheses. The findings of the study revealed that gender, age, ethnicity, and educational diversity had significant positive effects on employees’ performance. The study recommended that in setting up teams in the workplace, personnel department in line with top managers must ensure that there is a proper representation of members of various ethnic groups, age and gender so as to create room for effective succession planning. Management should choose the most qualified in terms of academics to ensure that appropriate guides to thinking are done to formulate policies on diversity management and firm performance.","PeriodicalId":32548,"journal":{"name":"Global Journal of Economics and Business","volume":"9 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86218877","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Organizations regularly encounter unforeseen occurrences like government policy change, market failure natural catastrophes, terrorist attacks, or technology failures in extremely unpredictable and uncertain times. Thus, the study of strategic management and organization growth was embarked upon. Two research questions were asked leading to two research hypothesis famulated to guide the study. The population of 63 of the study were taken from the staff of the Mouka and Frendy foam production industry which also formed the sample size. Fifteen (15) items Questionnaire instrument validated and tested for reliability at 0.75 Cronbach Alpha were then distributed to the sampled staff of Mouka and Frendy foam production industry in Warri and Abraka. There after the extracted data were subjected to statistical analysis. the result shows that there is significant effect between defensive strategy and organization growth; also, that there is no significant effect between prospective strategy and organizational growth. From the finding recommendation were made among others that defensive strategy boosts organizational growth, and it should be adopted by managers at all level and stages of business development as it help to fight competitors amidst harsh competitive business environment
{"title":"Business growth through a sustained strategic management approach in manufacturing organisations","authors":"A. Kifordu, O. Odita, Eric Anona","doi":"10.31039/jgeb.v4i12.120","DOIUrl":"https://doi.org/10.31039/jgeb.v4i12.120","url":null,"abstract":"Organizations regularly encounter unforeseen occurrences like government policy change, market failure natural catastrophes, terrorist attacks, or technology failures in extremely unpredictable and uncertain times. Thus, the study of strategic management and organization growth was embarked upon. Two research questions were asked leading to two research hypothesis famulated to guide the study. The population of 63 of the study were taken from the staff of the Mouka and Frendy foam production industry which also formed the sample size. Fifteen (15) items Questionnaire instrument validated and tested for reliability at 0.75 Cronbach Alpha were then distributed to the sampled staff of Mouka and Frendy foam production industry in Warri and Abraka. There after the extracted data were subjected to statistical analysis. the result shows that there is significant effect between defensive strategy and organization growth; also, that there is no significant effect between prospective strategy and organizational growth. From the finding recommendation were made among others that defensive strategy boosts organizational growth, and it should be adopted by managers at all level and stages of business development as it help to fight competitors amidst harsh competitive business environment","PeriodicalId":32548,"journal":{"name":"Global Journal of Economics and Business","volume":"201 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76435996","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：