Pub Date : 2024-02-09DOI: 10.56201/ijebm.v9.no9.2023.pg110.121
B. Ibojo, M. E. Akinade
The study examined the impact of human resource development on employees’ performance from a theoretical perspective. The employee performance components identified are ability to meet deadlines, quality of work, teamwork, and problem solving. While the dimensions of human resource development identified are mentoring, training, performance appraisal, and compensation/benefits. The study notes that a well-coordinated and implemented HRD practices results to improved organizations productivity and individual employees’ performance. The study also notes that implementation of human resource development leads to improved organizational efficiency and development of innovative competitive advantages for organizations. The study concluded that human resource development programmes serves as a critical organizational strategy for improving employees’ effectiveness, productivity, satisfaction, motivation, and innovation at work. In addition, the implementation of effective human resources development programs helps to create the workforce competency that enables the organization to function efficiently. It is recommended that managements should make human resource development a serious aspect of their overall organizational strategy, and also support all activities put in place to develop the employees in order to ensure that employees develop the necessary competencies and capacity needed to drive organizational performance and survival. Furthermore, organizations should constantly train and retrain their employees and management to develop vital conceptual, technical and interpersonal competences that is vital for high positive outcomes in organizations. Organizations should devise effective plans in investing in the various aspect of human capital as this does not only help them to attain greater performance but achieve long-term survival.
{"title":"Human Resource Development and Employees Performance: A Theoretical Review","authors":"B. Ibojo, M. E. Akinade","doi":"10.56201/ijebm.v9.no9.2023.pg110.121","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no9.2023.pg110.121","url":null,"abstract":"The study examined the impact of human resource development on employees’ performance from a theoretical perspective. The employee performance components identified are ability to meet deadlines, quality of work, teamwork, and problem solving. While the dimensions of human resource development identified are mentoring, training, performance appraisal, and compensation/benefits. The study notes that a well-coordinated and implemented HRD practices results to improved organizations productivity and individual employees’ performance. The study also notes that implementation of human resource development leads to improved organizational efficiency and development of innovative competitive advantages for organizations. The study concluded that human resource development programmes serves as a critical organizational strategy for improving employees’ effectiveness, productivity, satisfaction, motivation, and innovation at work. In addition, the implementation of effective human resources development programs helps to create the workforce competency that enables the organization to function efficiently. It is recommended that managements should make human resource development a serious aspect of their overall organizational strategy, and also support all activities put in place to develop the employees in order to ensure that employees develop the necessary competencies and capacity needed to drive organizational performance and survival. Furthermore, organizations should constantly train and retrain their employees and management to develop vital conceptual, technical and interpersonal competences that is vital for high positive outcomes in organizations. Organizations should devise effective plans in investing in the various aspect of human capital as this does not only help them to attain greater performance but achieve long-term survival.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 19","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139788196","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}
Pub Date : 2024-02-09DOI: 10.56201/ijebm.v9.no4.2023.pg97.112
N. Nwaeze
The purpose of this research is to ascertain if inflow of FDI and external debt has significantly impacted the growth of the Nigerian economy from (1980-2017) using the ARDL-ECM framework. Data was extracted from the CBN Statistical Bulletin and WDI dataset of the World Bank. Results from the ARDL estimation output shows that foreign direct investment and external debt possessed a positive and significant effect on economic growth in Nigeria only in the short-run. On the other hand, results from the ARDL Bounds Test depicts an absence of a long-run relationship between foreign direct investment, external debt and economic growth in the case of Nigeria. The study recommended that borrowed funds acquired to finance capital and developmental projects should be properly channelled towards the actualisation and full implementation of such projects.
{"title":"Foreign Direct Investment, External Debt and Economic Growth Nexus: Evidence from Nigeria","authors":"N. Nwaeze","doi":"10.56201/ijebm.v9.no4.2023.pg97.112","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no4.2023.pg97.112","url":null,"abstract":"The purpose of this research is to ascertain if inflow of FDI and external debt has significantly impacted the growth of the Nigerian economy from (1980-2017) using the ARDL-ECM framework. Data was extracted from the CBN Statistical Bulletin and WDI dataset of the World Bank. Results from the ARDL estimation output shows that foreign direct investment and external debt possessed a positive and significant effect on economic growth in Nigeria only in the short-run. On the other hand, results from the ARDL Bounds Test depicts an absence of a long-run relationship between foreign direct investment, external debt and economic growth in the case of Nigeria. The study recommended that borrowed funds acquired to finance capital and developmental projects should be properly channelled towards the actualisation and full implementation of such projects.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 13","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139788972","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}
Pub Date : 2024-02-09DOI: 10.56201/ijebm.v9.no9.2023.pg44.55
Letam Q. Don-Baridam
The study examined the relationship between onboarding practices and employee experience outcomes in oil and gas companies in Rivers State, Nigeria an extant review of literature relevant to onboarding practices and employee experience outcomes was ascertained. The study adopts a survey research design. The population of this study comprise of 440 employees from the four major four major oil and gas firms operating in River state, Nigeria. The Taro Yamen’s formula (1973) was adopted to determine the sample size from the population which was two hundred and ten. After data cleaning, 195 questionnaires were finally used for data analysis. Descriptive statistics was used for the primary analysis using mean scores and standard deviation, at the tertiary stage, the bivariate analysis was carried out to determine the strength and direction of the relationship between the onboarding practices and the measures of employee experience outcomes with the use of linear regression in other to test the stated hypotheses formulated for the study with the aid of the Statistical Package for Social Sciences version 25. The empirical findings revealed that there was a strong and positive relationship between onboarding practices and the measures of employee experience outcomes in oil and gas companies in Rivers State, Nigeria. The study concludes that, considering the acclaimed relevance of onboarding practices, with respect to employee experience outcomes, employers should wholeheartedly embrace onboarding practices in terms of job training, team introduction and facility tour in order to create awareness among new hire on the running of the organization.
{"title":"On-Boarding Practices and Employee Experience Outcomes in Selected Oil and Gas Companies in Port Harcourt, Rivers State, Nigeria","authors":"Letam Q. Don-Baridam","doi":"10.56201/ijebm.v9.no9.2023.pg44.55","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no9.2023.pg44.55","url":null,"abstract":"The study examined the relationship between onboarding practices and employee experience outcomes in oil and gas companies in Rivers State, Nigeria an extant review of literature relevant to onboarding practices and employee experience outcomes was ascertained. The study adopts a survey research design. The population of this study comprise of 440 employees from the four major four major oil and gas firms operating in River state, Nigeria. The Taro Yamen’s formula (1973) was adopted to determine the sample size from the population which was two hundred and ten. After data cleaning, 195 questionnaires were finally used for data analysis. Descriptive statistics was used for the primary analysis using mean scores and standard deviation, at the tertiary stage, the bivariate analysis was carried out to determine the strength and direction of the relationship between the onboarding practices and the measures of employee experience outcomes with the use of linear regression in other to test the stated hypotheses formulated for the study with the aid of the Statistical Package for Social Sciences version 25. The empirical findings revealed that there was a strong and positive relationship between onboarding practices and the measures of employee experience outcomes in oil and gas companies in Rivers State, Nigeria. The study concludes that, considering the acclaimed relevance of onboarding practices, with respect to employee experience outcomes, employers should wholeheartedly embrace onboarding practices in terms of job training, team introduction and facility tour in order to create awareness among new hire on the running of the organization.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 31","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139790860","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}
Pub Date : 2024-02-09DOI: 10.56201/ijebm.v9.no7.2023.pg79.104
Adesanya Shina Joshua, E. Agbai
This paper examines the impact of foreign aid on economic growth and poverty reduction in Nigeria, using the Autoregressive Distributed Lag (ARDL) technique for regression analysis. The study employs time series data from 1986 to 2020 to analyze the long-run and short-run relationship between foreign aid, economic growth in Nigeria. The study adopted the combined theories of economic growth of the Harrod-Domar Model, the Two-Gap Model and the Three- Gap Model in theoretical outlook. The data set is used to test the long-term relationship as well as the short-term relationship. The results show that foreign aid has a positive and significant impact on economic growth and poverty reduction in Nigeria in both the long-run and short run. The study concludes that foreign aid can be an effective tool for promoting economic growth and poverty reduction in Nigeria. The study recommended that in targeting aid towards infrastructure development, foreign aid can be used to fund infrastructure projects like building and upgrading roads, ports, and power plants to create jobs and increase economic activity. It also recommended investing in education and healthcare, foreign aid can be used to support education and healthcare initiatives, to improve the overall health and well-being of the population and increase productivity Economic-growth, Foreign aid, Poverty, Nigeria, Population, Three-Gap Model Two-Gap Model
{"title":"Appraising the Relationship Between Foreign Aid on Poverty Reduction in Nigeria","authors":"Adesanya Shina Joshua, E. Agbai","doi":"10.56201/ijebm.v9.no7.2023.pg79.104","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no7.2023.pg79.104","url":null,"abstract":"This paper examines the impact of foreign aid on economic growth and poverty reduction in Nigeria, using the Autoregressive Distributed Lag (ARDL) technique for regression analysis. The study employs time series data from 1986 to 2020 to analyze the long-run and short-run relationship between foreign aid, economic growth in Nigeria. The study adopted the combined theories of economic growth of the Harrod-Domar Model, the Two-Gap Model and the Three- Gap Model in theoretical outlook. The data set is used to test the long-term relationship as well as the short-term relationship. The results show that foreign aid has a positive and significant impact on economic growth and poverty reduction in Nigeria in both the long-run and short run. The study concludes that foreign aid can be an effective tool for promoting economic growth and poverty reduction in Nigeria. The study recommended that in targeting aid towards infrastructure development, foreign aid can be used to fund infrastructure projects like building and upgrading roads, ports, and power plants to create jobs and increase economic activity. It also recommended investing in education and healthcare, foreign aid can be used to support education and healthcare initiatives, to improve the overall health and well-being of the population and increase productivity Economic-growth, Foreign aid, Poverty, Nigeria, Population, Three-Gap Model Two-Gap Model","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":"46 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139850183","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}
Pub Date : 2024-02-09DOI: 10.56201/ijebm.v9.no5.2023.pg13.25
J. Ozigbu
This study used the Brent crude oil price to examine whether the variability in the trade balance of Nigeria is linked to the fluctuation in oil price.To achieve this, the study used annual frequency data from 1981 to 2021 sourced from the United Nations Conference on Trade and Development (UNCTAD), the World Bank’s World Development Indicator (WDI), and the Central Bank of Nigeria (CBN) Statistical Bulletin. The bound test procedure to cointegration was adopted and the nexus between oil shock and trade balance was examined within the autoregressive distributed lag (ARDL) framework. Additionally, the augmented Dickey-Fuller approach to unit root was used in determining the degree of integration of the series. Certain findings were made from the analyses. First, the study confirmed that there is long-run relationship among the variables. Second, oil price hikes lead to a surplus trade balance in the long run, but only insignificantly. Contrariwise, the positive impact of oil price hikes on the trade balance in the short run was significant. Third, the study found that inflation had an insignificant positive effect on the trade balance. Fourth, the estimation revealed that an increase in real effective exchange rate and trade openness is insignificant and lead to a deficit trade balance in the long run. The study recommends that domestic oil shocks in the form of low oil production should be mitigated by addressing the security challenges in the country.
{"title":"Oil Price Shock and Trade Balance in Nigeria","authors":"J. Ozigbu","doi":"10.56201/ijebm.v9.no5.2023.pg13.25","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no5.2023.pg13.25","url":null,"abstract":"This study used the Brent crude oil price to examine whether the variability in the trade balance of Nigeria is linked to the fluctuation in oil price.To achieve this, the study used annual frequency data from 1981 to 2021 sourced from the United Nations Conference on Trade and Development (UNCTAD), the World Bank’s World Development Indicator (WDI), and the Central Bank of Nigeria (CBN) Statistical Bulletin. The bound test procedure to cointegration was adopted and the nexus between oil shock and trade balance was examined within the autoregressive distributed lag (ARDL) framework. Additionally, the augmented Dickey-Fuller approach to unit root was used in determining the degree of integration of the series. Certain findings were made from the analyses. First, the study confirmed that there is long-run relationship among the variables. Second, oil price hikes lead to a surplus trade balance in the long run, but only insignificantly. Contrariwise, the positive impact of oil price hikes on the trade balance in the short run was significant. Third, the study found that inflation had an insignificant positive effect on the trade balance. Fourth, the estimation revealed that an increase in real effective exchange rate and trade openness is insignificant and lead to a deficit trade balance in the long run. The study recommends that domestic oil shocks in the form of low oil production should be mitigated by addressing the security challenges in the country.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 47","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139790658","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}
Pub Date : 2024-02-09DOI: 10.56201/ijebm.v9.no4.2023.pg46.59
Kongo Aaron, Ateata Patience, Ote Ola, Odike Abraham Ijuo
This study investigated the relative effectiveness of monetary policy on investment in Nigeria for the period 1990Q1 to 2019Q4 using SVAR model. The study found out that monetary policy is effective for influencing investment in Nigeria in short run, medium and long run. Specifically, the study found out that interest rate, bank credit and exchange rate are the most ef fective variables for influencing investment when compared with other variables (money supply, inflation and exchange rate) within the model of the study. The study therefore recommend that central bank should peg monetary policy rate at a threshold suitable to increase money supply and credit facilitation by commercial banks in order to stimulate investment in the Nigeria economy.
{"title":"The Relative Effectiveness of Monetary Policy on Investment in Nigeria","authors":"Kongo Aaron, Ateata Patience, Ote Ola, Odike Abraham Ijuo","doi":"10.56201/ijebm.v9.no4.2023.pg46.59","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no4.2023.pg46.59","url":null,"abstract":"This study investigated the relative effectiveness of monetary policy on investment in Nigeria for the period 1990Q1 to 2019Q4 using SVAR model. The study found out that monetary policy is effective for influencing investment in Nigeria in short run, medium and long run. Specifically, the study found out that interest rate, bank credit and exchange rate are the most ef fective variables for influencing investment when compared with other variables (money supply, inflation and exchange rate) within the model of the study. The study therefore recommend that central bank should peg monetary policy rate at a threshold suitable to increase money supply and credit facilitation by commercial banks in order to stimulate investment in the Nigeria economy.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":"413 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139847607","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}
Pub Date : 2024-02-09DOI: 10.56201/ijebm.v9.no8.2023.pg100.113
The study analyses the trends and patterns of human capital development in the selected Sub- Saharan African countries during the period 1981-2020. The study variables were economic growth rate; human capital development - proxied by Human Development Index (HDI), physical infrastructure – proxied by Physical Infrastructure Index (PII), technology – proxied by Research and Development (R&D), growth of labour force, share of private investment in GDP, trade openness, financial openness and share of total government expenditure. The result indicates that the trends and patterns over the year for human capital development in SSA countries proxied
{"title":"Trends and Patterns of Human Capital Development and Economic Growth in Selected Sub-Saharan African Countries","authors":"","doi":"10.56201/ijebm.v9.no8.2023.pg100.113","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no8.2023.pg100.113","url":null,"abstract":"The study analyses the trends and patterns of human capital development in the selected Sub- Saharan African countries during the period 1981-2020. The study variables were economic growth rate; human capital development - proxied by Human Development Index (HDI), physical infrastructure – proxied by Physical Infrastructure Index (PII), technology – proxied by Research and Development (R&D), growth of labour force, share of private investment in GDP, trade openness, financial openness and share of total government expenditure. The result indicates that the trends and patterns over the year for human capital development in SSA countries proxied","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":"11 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139850075","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}
Pub Date : 2024-02-09DOI: 10.56201/ijebm.v9.no5.2023.pg1.12
Mareike Heins, Georgios Rigopoulos
Open banking is a major innovation in financial industry and has been driven by technology developments, as well as legislation for financial data. Payment Systems Directive 2 (PSD2) has been a key initiative for European Union, aiming to increase competition and innovation among financial industry, by allowing the entry of third party licensed providers to the financial market. This is feasible by relaxing the data restrictions and ownership, and passing control over consumers, who may select among a wide set of service providers, and not only the traditional banks. Although, PSD2 and third party applications are in place, there seems that consumers do not adopt them widely. Also, it is not evident, if PSD2 has enabled the desired level of competition and innovation for the benefit if consumers. Due to lack of relevant works, this study, aims to explore the key factors that affect consumer adoption and at the same time examine the PSD2 effectiveness in the creation of a new landscape. A number of experts were interviewed and a qualitative analysis was followed. Results, indicate that key barriers to adoption are lack of awareness, data privacy and value proposition, while PSD2 seems that it has increased competition and innovation. Further studies can shed more light on those findings, in a wider perspective.
{"title":"An Empirical Exploration of Key Factors and Barriers to Consumer’s Adoption of Open Banking Applications","authors":"Mareike Heins, Georgios Rigopoulos","doi":"10.56201/ijebm.v9.no5.2023.pg1.12","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no5.2023.pg1.12","url":null,"abstract":"Open banking is a major innovation in financial industry and has been driven by technology developments, as well as legislation for financial data. Payment Systems Directive 2 (PSD2) has been a key initiative for European Union, aiming to increase competition and innovation among financial industry, by allowing the entry of third party licensed providers to the financial market. This is feasible by relaxing the data restrictions and ownership, and passing control over consumers, who may select among a wide set of service providers, and not only the traditional banks. Although, PSD2 and third party applications are in place, there seems that consumers do not adopt them widely. Also, it is not evident, if PSD2 has enabled the desired level of competition and innovation for the benefit if consumers. Due to lack of relevant works, this study, aims to explore the key factors that affect consumer adoption and at the same time examine the PSD2 effectiveness in the creation of a new landscape. A number of experts were interviewed and a qualitative analysis was followed. Results, indicate that key barriers to adoption are lack of awareness, data privacy and value proposition, while PSD2 seems that it has increased competition and innovation. Further studies can shed more light on those findings, in a wider perspective.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":" 34","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139789188","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}
Pub Date : 2024-02-09DOI: 10.56201/ijebm.v9.no2.2023.pg26.33
Gift J. Eke
This study has been able to justify the notion that the utilization of information technology is an elixir to maximizing efficiency of business organization. The paper used the qualitative approach applying survey design. The study purposively selects fifty (50) entrepreneurs and business owners to form the sampled subjects. The instrument for data collection used for this study was the close ended questionnaire with question items measured with the 4-likerts “Extent Format” (VHE, HE, LE, VLE). Conclusively, it was found that computers, mobile phone, computer software and internet are utilized for maximizing efficiency of business organizations to a high extent. Also, it was revealed that challenges as such infrastructural deficiencies, lack of maintenance culture, poor/no access to the internet and lack of skilled and competent ICT personnel has affected the utilization of information technology to a high extent. It recommended that business owners should ensure to put in place a standard ICT structure that will support effective and full utilization of information technology.
{"title":"Utilization of Information Technology is an Elixir to Maximizing Efficiency in Business Organizations","authors":"Gift J. Eke","doi":"10.56201/ijebm.v9.no2.2023.pg26.33","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no2.2023.pg26.33","url":null,"abstract":"This study has been able to justify the notion that the utilization of information technology is an elixir to maximizing efficiency of business organization. The paper used the qualitative approach applying survey design. The study purposively selects fifty (50) entrepreneurs and business owners to form the sampled subjects. The instrument for data collection used for this study was the close ended questionnaire with question items measured with the 4-likerts “Extent Format” (VHE, HE, LE, VLE). Conclusively, it was found that computers, mobile phone, computer software and internet are utilized for maximizing efficiency of business organizations to a high extent. Also, it was revealed that challenges as such infrastructural deficiencies, lack of maintenance culture, poor/no access to the internet and lack of skilled and competent ICT personnel has affected the utilization of information technology to a high extent. It recommended that business owners should ensure to put in place a standard ICT structure that will support effective and full utilization of information technology.","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":"41 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139849305","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}
Pub Date : 2024-02-09DOI: 10.56201/ijebm.v9.no3.2023.pg15.30
M. Inuwa, Ibrahim Gondah Male
The study aims to assess lean readiness level within manufacturing SMEs from technical perspective by examining the relationship between process management and planning & control on customer relations. The research applied quantitative survey approach by administering questionnaire to SMEs managers. Responses received were analyzed using SMART-PLS 4 to examine measurement model, structural model, and path coefficient. The findings of the study show that process management and planning & control have a positive and significant relationship on customer relations. The study implies that manufacturing SMEs in Nigeria have an appreciable lean readiness from technical perspective. It also indicates that processes, planning and control activities within SMEs are compatible with lean practices and techniques. The study is among the few that assess lean readiness from technical perspective, hence given a new insight in evaluation of lean readiness
{"title":"Lean Technical Factors and Customer Relations: An Assessment of Readiness to Deploy Lean Manufacturing within SMEs","authors":"M. Inuwa, Ibrahim Gondah Male","doi":"10.56201/ijebm.v9.no3.2023.pg15.30","DOIUrl":"https://doi.org/10.56201/ijebm.v9.no3.2023.pg15.30","url":null,"abstract":"The study aims to assess lean readiness level within manufacturing SMEs from technical perspective by examining the relationship between process management and planning & control on customer relations. The research applied quantitative survey approach by administering questionnaire to SMEs managers. Responses received were analyzed using SMART-PLS 4 to examine measurement model, structural model, and path coefficient. The findings of the study show that process management and planning & control have a positive and significant relationship on customer relations. The study implies that manufacturing SMEs in Nigeria have an appreciable lean readiness from technical perspective. It also indicates that processes, planning and control activities within SMEs are compatible with lean practices and techniques. The study is among the few that assess lean readiness from technical perspective, hence given a new insight in evaluation of lean readiness","PeriodicalId":486962,"journal":{"name":"IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT","volume":"59 3-4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139847361","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}
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