This research paper explores the critical role of financial literacy and risk management in enhancing venture capital accessibility for minority entrepreneurs. It delves into the challenges minority entrepreneurs face, including systemic biases, limited access to resources, and inadequate financial education, which hinder their ability to secure venture capital. The paper emphasizes the importance of an integrated approach that combines financial literacy and risk management to improve business viability, investor confidence, and overall success. Key policy recommendations include developing targeted financial literacy programs, increasing access to mentorship and professional networks, and advocating for diversity and inclusion within the venture capital industry. The conclusion reiterates the significance of financial literacy and risk management in overcoming barriers to venture capital and suggests future research directions to further address these gaps. Keywords: Financial Literacy, Risk Management, Venture Capital, Minority Entrepreneurs, Policy Interventions.
{"title":"The role of financial literacy and risk management in venture capital accessibility for minority entrepreneurs","authors":"Shadrack Obeng, Toluwalase Vanessa Iyelolu, Adetola Adewale Akinsulire, Courage Idemudia","doi":"10.51594/ijmer.v6i7.1328","DOIUrl":"https://doi.org/10.51594/ijmer.v6i7.1328","url":null,"abstract":"This research paper explores the critical role of financial literacy and risk management in enhancing venture capital accessibility for minority entrepreneurs. It delves into the challenges minority entrepreneurs face, including systemic biases, limited access to resources, and inadequate financial education, which hinder their ability to secure venture capital. The paper emphasizes the importance of an integrated approach that combines financial literacy and risk management to improve business viability, investor confidence, and overall success. Key policy recommendations include developing targeted financial literacy programs, increasing access to mentorship and professional networks, and advocating for diversity and inclusion within the venture capital industry. The conclusion reiterates the significance of financial literacy and risk management in overcoming barriers to venture capital and suggests future research directions to further address these gaps. \u0000Keywords: Financial Literacy, Risk Management, Venture Capital, Minority Entrepreneurs, Policy Interventions.","PeriodicalId":507950,"journal":{"name":"International Journal of Management & Entrepreneurship Research","volume":"3 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141813524","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 : 2024-07-23DOI: 10.51594/ijmer.v6i7.1339
MA. Phan Thanh Cong, MA. Tran Thi Hanh Hiep
The Education and Training Department Head is the head of the Department of Education and Training (DOET), responsible to the People's Committee, the Chairman of the People's Committee at the district level, and the law for the implementation of the functions, tasks, powers, and all activities of the DOET. The article focuses on clarifying the functions, tasks of the DOET department head, the requirements for the DOET department head in the current context, and proposing a capacity framework for Education and Training department heads to meet the demands of educational innovation in the current context. Keywords: DOET Department Head, Educational Innovation, Capacity Framework.
{"title":"Building the capacity of education department heads and training to meet the demands of educational innovation today","authors":"MA. Phan Thanh Cong, MA. Tran Thi Hanh Hiep","doi":"10.51594/ijmer.v6i7.1339","DOIUrl":"https://doi.org/10.51594/ijmer.v6i7.1339","url":null,"abstract":"The Education and Training Department Head is the head of the Department of Education and Training (DOET), responsible to the People's Committee, the Chairman of the People's Committee at the district level, and the law for the implementation of the functions, tasks, powers, and all activities of the DOET. The article focuses on clarifying the functions, tasks of the DOET department head, the requirements for the DOET department head in the current context, and proposing a capacity framework for Education and Training department heads to meet the demands of educational innovation in the current context. \u0000Keywords: DOET Department Head, Educational Innovation, Capacity Framework.","PeriodicalId":507950,"journal":{"name":"International Journal of Management & Entrepreneurship Research","volume":"44 9","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141813455","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 pressing need for affordable housing in both developed and developing countries has prompted governments to explore innovative financing mechanisms, with Public-Private Partnerships (PPPs) emerging as a viable solution. This paper examines the frameworks, lessons, and models of PPPs for financing affordable housing, aiming to provide insights into their effectiveness and scalability. PPPs combine the resources, expertise, and efficiencies of both the public and private sectors to address the housing affordability crisis. By leveraging the strengths of each sector, PPPs aim to reduce financial burdens on governments while ensuring the delivery of quality housing solutions. This review outlines the various PPP models, including build-operate-transfer (BOT), design-build-finance-operate (DBFO), and lease-develop-operate (LDO), highlighting their structural differences and application contexts. Key components of successful PPP frameworks include clear regulatory environments, transparent procurement processes, risk-sharing mechanisms, and robust stakeholder engagement. Regulatory frameworks that support PPPs play a critical role in providing legal certainty and fostering investor confidence. Transparent procurement processes ensure fairness and competitiveness, while effective risk-sharing mechanisms distribute financial, construction, and operational risks appropriately between public and private partners. Engaging stakeholders, including communities and civil society, is essential for aligning project objectives with local needs and ensuring social acceptance. Case studies from various regions illustrate the practical application and outcomes of PPP frameworks. In the United Kingdom, the Affordable Homes Programme (AHP) has effectively utilized PPPs to deliver thousands of affordable housing units, demonstrating the benefits of strong regulatory support and private sector participation. Singapore's Housing and Development Board (HDB) employs PPP models to maintain high housing standards while ensuring affordability through extensive government subsidies and private sector involvement. In South Africa, the Social Housing Regulatory Authority (SHRA) leverages PPPs to develop rental housing for low- and moderate-income households, highlighting the importance of government incentives and capacity-building initiatives. The review concludes that PPP frameworks, when effectively designed and implemented, can significantly enhance the availability of affordable housing. Lessons learned from successful models emphasize the need for supportive policies, transparent processes, and inclusive stakeholder engagement. Policymakers and practitioners can draw on these insights to develop tailored PPP approaches that address specific housing challenges and contribute to sustainable urban development. Keywords: Public-Private Partnership: Frameworks, Financing, Affordable Housing, Models.
{"title":"Public-Private partnership frameworks for financing affordable housing: Lessons and models","authors":"Adetola Adewale Akinsulire, Courage Idemudia, Azubuike Chukwudi Okwandu, Obinna Iwuanyanwu","doi":"10.51594/ijmer.v6i7.1326","DOIUrl":"https://doi.org/10.51594/ijmer.v6i7.1326","url":null,"abstract":"The pressing need for affordable housing in both developed and developing countries has prompted governments to explore innovative financing mechanisms, with Public-Private Partnerships (PPPs) emerging as a viable solution. This paper examines the frameworks, lessons, and models of PPPs for financing affordable housing, aiming to provide insights into their effectiveness and scalability. PPPs combine the resources, expertise, and efficiencies of both the public and private sectors to address the housing affordability crisis. By leveraging the strengths of each sector, PPPs aim to reduce financial burdens on governments while ensuring the delivery of quality housing solutions. This review outlines the various PPP models, including build-operate-transfer (BOT), design-build-finance-operate (DBFO), and lease-develop-operate (LDO), highlighting their structural differences and application contexts. Key components of successful PPP frameworks include clear regulatory environments, transparent procurement processes, risk-sharing mechanisms, and robust stakeholder engagement. Regulatory frameworks that support PPPs play a critical role in providing legal certainty and fostering investor confidence. Transparent procurement processes ensure fairness and competitiveness, while effective risk-sharing mechanisms distribute financial, construction, and operational risks appropriately between public and private partners. Engaging stakeholders, including communities and civil society, is essential for aligning project objectives with local needs and ensuring social acceptance. Case studies from various regions illustrate the practical application and outcomes of PPP frameworks. In the United Kingdom, the Affordable Homes Programme (AHP) has effectively utilized PPPs to deliver thousands of affordable housing units, demonstrating the benefits of strong regulatory support and private sector participation. Singapore's Housing and Development Board (HDB) employs PPP models to maintain high housing standards while ensuring affordability through extensive government subsidies and private sector involvement. In South Africa, the Social Housing Regulatory Authority (SHRA) leverages PPPs to develop rental housing for low- and moderate-income households, highlighting the importance of government incentives and capacity-building initiatives. The review concludes that PPP frameworks, when effectively designed and implemented, can significantly enhance the availability of affordable housing. Lessons learned from successful models emphasize the need for supportive policies, transparent processes, and inclusive stakeholder engagement. Policymakers and practitioners can draw on these insights to develop tailored PPP approaches that address specific housing challenges and contribute to sustainable urban development. \u0000Keywords: Public-Private Partnership: Frameworks, Financing, Affordable Housing, Models.","PeriodicalId":507950,"journal":{"name":"International Journal of Management & Entrepreneurship Research","volume":"128 19","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141811581","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 : 2024-07-23DOI: 10.51594/ijmer.v6i7.1331
Michael Osinakachukwu Ezeh, Adindu Donatus Ogbu, Augusta Heavens Ikevuje, Emmanuel Paul-Emeka George
Sustainable development in the energy sector necessitates a delicate balance between economic growth, environmental stewardship, and social well-being. Strategic commercial negotiations play a pivotal role in achieving this balance, facilitating agreements that align with sustainable development goals (SDGs). This paper explores the intersection of commercial negotiations and sustainable energy practices, emphasizing how strategic negotiations can drive progress towards sustainability. In the contemporary energy landscape, the shift towards renewable energy sources and the implementation of green technologies have become imperative. Effective commercial negotiations are essential in securing investments, fostering partnerships, and establishing frameworks that support the adoption and integration of sustainable practices. Key negotiation strategies include the incorporation of environmental, social, and governance (ESG) criteria, long-term planning, and the adoption of flexible yet robust contract structures. ESG considerations ensure that negotiations address not only financial outcomes but also the broader impact on society and the environment. By prioritizing ESG factors, negotiators can promote responsible business practices that mitigate environmental risks and enhance social benefits. Additionally, long-term planning in negotiations enables stakeholders to align their objectives with global sustainability targets, such as the Paris Agreement and the United Nations SDGs, ensuring that energy projects contribute positively to climate action and sustainable development. The adoption of flexible contract structures is also critical. These structures should accommodate technological advancements and evolving regulatory frameworks, allowing for adaptive management of energy projects. Such adaptability is crucial in a sector characterized by rapid innovation and changing market dynamics. Furthermore, collaborative approaches in negotiations, involving multiple stakeholders including governments, private sector entities, and civil society, can foster inclusive and transparent decision-making processes, enhancing the legitimacy and acceptance of negotiated agreements. In conclusion, strategic commercial negotiations are instrumental in advancing sustainable development in the energy sector. By integrating ESG criteria, long-term planning, and flexible contract structures, negotiators can secure agreements that not only drive economic growth but also promote environmental sustainability and social equity. This approach ensures that the energy sector can contribute effectively to global sustainability goals, creating a resilient and sustainable future. Keywords: Energy Sector, Enhancing, Sustainable Development, Strategic, Commercial Negotiations.
{"title":"Enhancing sustainable development in the energy sector through strategic commercial negotiations","authors":"Michael Osinakachukwu Ezeh, Adindu Donatus Ogbu, Augusta Heavens Ikevuje, Emmanuel Paul-Emeka George","doi":"10.51594/ijmer.v6i7.1331","DOIUrl":"https://doi.org/10.51594/ijmer.v6i7.1331","url":null,"abstract":"Sustainable development in the energy sector necessitates a delicate balance between economic growth, environmental stewardship, and social well-being. Strategic commercial negotiations play a pivotal role in achieving this balance, facilitating agreements that align with sustainable development goals (SDGs). This paper explores the intersection of commercial negotiations and sustainable energy practices, emphasizing how strategic negotiations can drive progress towards sustainability. In the contemporary energy landscape, the shift towards renewable energy sources and the implementation of green technologies have become imperative. Effective commercial negotiations are essential in securing investments, fostering partnerships, and establishing frameworks that support the adoption and integration of sustainable practices. Key negotiation strategies include the incorporation of environmental, social, and governance (ESG) criteria, long-term planning, and the adoption of flexible yet robust contract structures. ESG considerations ensure that negotiations address not only financial outcomes but also the broader impact on society and the environment. By prioritizing ESG factors, negotiators can promote responsible business practices that mitigate environmental risks and enhance social benefits. Additionally, long-term planning in negotiations enables stakeholders to align their objectives with global sustainability targets, such as the Paris Agreement and the United Nations SDGs, ensuring that energy projects contribute positively to climate action and sustainable development. The adoption of flexible contract structures is also critical. These structures should accommodate technological advancements and evolving regulatory frameworks, allowing for adaptive management of energy projects. Such adaptability is crucial in a sector characterized by rapid innovation and changing market dynamics. Furthermore, collaborative approaches in negotiations, involving multiple stakeholders including governments, private sector entities, and civil society, can foster inclusive and transparent decision-making processes, enhancing the legitimacy and acceptance of negotiated agreements. In conclusion, strategic commercial negotiations are instrumental in advancing sustainable development in the energy sector. By integrating ESG criteria, long-term planning, and flexible contract structures, negotiators can secure agreements that not only drive economic growth but also promote environmental sustainability and social equity. This approach ensures that the energy sector can contribute effectively to global sustainability goals, creating a resilient and sustainable future. \u0000Keywords: Energy Sector, Enhancing, Sustainable Development, Strategic, Commercial Negotiations.","PeriodicalId":507950,"journal":{"name":"International Journal of Management & Entrepreneurship Research","volume":"123 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141811834","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 : 2024-07-23DOI: 10.51594/ijmer.v6i7.1329
Ushena Buinwi, Jumai Adama Buinwi
This study meticulously explores the intricate dynamics of Cameroon's trade policies, aiming to elucidate their current state, identify significant challenges, and propose strategic enhancements for more robust economic integration and growth. Against the backdrop of a globalized economy, Cameroon's trade policies play a crucial role in shaping its economic landscape. The research employed qualitative methodologies, including an extensive literature review of works published by various authors on the topic, to garner a comprehensive understanding of the policy environment. The findings reveal critical barriers such as infrastructural deficits, regulatory inefficiencies, and policy implementation challenges that impede effective trade operations. These obstacles not only hinder trade efficiency but also limit Cameroon's potential to capitalize on global market opportunities. The study concludes with several strategic recommendations: prioritizing infrastructure investment to alleviate logistical bottlenecks, streamlining regulatory frameworks to enhance transparency and reduce bureaucratic hurdles, and improving policy-making processes. These measures are designed to fortify Cameroon's trade policy framework, thereby enhancing its economic prospects and global trade integration. The research underscores the importance of a holistic, strategic approach to trade policy development, advocating for sustained, coordinated efforts among all relevant stakeholders. By addressing the identified challenges and leveraging highlighted opportunities, Cameroon can significantly improve its trade policy outcomes, fostering sustainable economic growth. Keywords: Trade Policy, Cameroon, Economic Integration, Regulatory Framework, Stakeholder Engagement, Infrastructure Investment.
{"title":"Challenges and Opportunities in International Trade Policy Implementation: Insights from the Cameroonian Ministry of Trade","authors":"Ushena Buinwi, Jumai Adama Buinwi","doi":"10.51594/ijmer.v6i7.1329","DOIUrl":"https://doi.org/10.51594/ijmer.v6i7.1329","url":null,"abstract":"This study meticulously explores the intricate dynamics of Cameroon's trade policies, aiming to elucidate their current state, identify significant challenges, and propose strategic enhancements for more robust economic integration and growth. Against the backdrop of a globalized economy, Cameroon's trade policies play a crucial role in shaping its economic landscape. The research employed qualitative methodologies, including an extensive literature review of works published by various authors on the topic, to garner a comprehensive understanding of the policy environment. The findings reveal critical barriers such as infrastructural deficits, regulatory inefficiencies, and policy implementation challenges that impede effective trade operations. These obstacles not only hinder trade efficiency but also limit Cameroon's potential to capitalize on global market opportunities. The study concludes with several strategic recommendations: prioritizing infrastructure investment to alleviate logistical bottlenecks, streamlining regulatory frameworks to enhance transparency and reduce bureaucratic hurdles, and improving policy-making processes. These measures are designed to fortify Cameroon's trade policy framework, thereby enhancing its economic prospects and global trade integration. The research underscores the importance of a holistic, strategic approach to trade policy development, advocating for sustained, coordinated efforts among all relevant stakeholders. By addressing the identified challenges and leveraging highlighted opportunities, Cameroon can significantly improve its trade policy outcomes, fostering sustainable economic growth. \u0000Keywords: Trade Policy, Cameroon, Economic Integration, Regulatory Framework, Stakeholder Engagement, Infrastructure Investment.","PeriodicalId":507950,"journal":{"name":"International Journal of Management & Entrepreneurship Research","volume":"29 10","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141813807","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 : 2024-07-23DOI: 10.51594/ijmer.v6i7.1330
Michael Osinakachukwu Ezeh, Adindu Donatus Ogbu, Augusta Heavens Ikevuje, Emmanuel Paul-Emeka George
In the energy sector, stakeholder engagement is a critical factor for the successful planning, execution, and operation of projects. Effective stakeholder engagement involves identifying, understanding, and addressing the interests and concerns of various stakeholders, including governments, communities, investors, and environmental groups. This paper explores the strategies for successful stakeholder engagement and influence in energy projects, highlighting their significance in ensuring project sustainability, compliance, and community support. Energy projects, ranging from renewable energy installations to fossil fuel extraction, impact a broad array of stakeholders. Each group has distinct interests and concerns that can significantly influence project outcomes. Proactive stakeholder engagement helps in building trust, gaining necessary approvals, and minimizing conflicts. It involves continuous communication, transparent processes, and active participation of stakeholders in decision-making. One effective strategy is the use of stakeholder mapping and analysis to identify all relevant parties and understand their influence and interests. This process helps in prioritizing stakeholders and tailoring engagement approaches accordingly. Early and ongoing dialogue with stakeholders is crucial for addressing concerns and incorporating feedback into project planning and implementation. Another key strategy is developing robust communication plans that include regular updates, public consultations, and information sessions. These activities ensure transparency and help build a positive relationship with the community and other stakeholders. Utilizing digital platforms and social media can enhance outreach and facilitate real-time communication. Collaborative approaches, such as forming advisory committees or partnerships with local organizations, can also strengthen stakeholder relationships. These partnerships can provide valuable insights and resources, fostering a sense of ownership and support among stakeholders. Additionally, implementing Corporate Social Responsibility (CSR) initiatives that address local community needs can enhance project acceptance and create long-term benefits. Conflict resolution mechanisms are essential for addressing disputes that may arise during project execution. Establishing clear procedures for grievance redressal and involving neutral mediators can help resolve conflicts efficiently and maintain stakeholder trust. In conclusion, successful stakeholder engagement and influence in energy projects require a comprehensive and strategic approach. By identifying stakeholder interests, maintaining transparent communication, fostering collaboration, and addressing conflicts proactively, energy companies can enhance project sustainability, ensure compliance, and secure community support. These strategies not only facilitate project success but also contribute to the broader goals of sustainable development and social respo
{"title":"Stakeholder engagement and influence: Strategies for successful energy projects","authors":"Michael Osinakachukwu Ezeh, Adindu Donatus Ogbu, Augusta Heavens Ikevuje, Emmanuel Paul-Emeka George","doi":"10.51594/ijmer.v6i7.1330","DOIUrl":"https://doi.org/10.51594/ijmer.v6i7.1330","url":null,"abstract":"In the energy sector, stakeholder engagement is a critical factor for the successful planning, execution, and operation of projects. Effective stakeholder engagement involves identifying, understanding, and addressing the interests and concerns of various stakeholders, including governments, communities, investors, and environmental groups. This paper explores the strategies for successful stakeholder engagement and influence in energy projects, highlighting their significance in ensuring project sustainability, compliance, and community support. Energy projects, ranging from renewable energy installations to fossil fuel extraction, impact a broad array of stakeholders. Each group has distinct interests and concerns that can significantly influence project outcomes. Proactive stakeholder engagement helps in building trust, gaining necessary approvals, and minimizing conflicts. It involves continuous communication, transparent processes, and active participation of stakeholders in decision-making. One effective strategy is the use of stakeholder mapping and analysis to identify all relevant parties and understand their influence and interests. This process helps in prioritizing stakeholders and tailoring engagement approaches accordingly. Early and ongoing dialogue with stakeholders is crucial for addressing concerns and incorporating feedback into project planning and implementation. Another key strategy is developing robust communication plans that include regular updates, public consultations, and information sessions. These activities ensure transparency and help build a positive relationship with the community and other stakeholders. Utilizing digital platforms and social media can enhance outreach and facilitate real-time communication. Collaborative approaches, such as forming advisory committees or partnerships with local organizations, can also strengthen stakeholder relationships. These partnerships can provide valuable insights and resources, fostering a sense of ownership and support among stakeholders. Additionally, implementing Corporate Social Responsibility (CSR) initiatives that address local community needs can enhance project acceptance and create long-term benefits. Conflict resolution mechanisms are essential for addressing disputes that may arise during project execution. Establishing clear procedures for grievance redressal and involving neutral mediators can help resolve conflicts efficiently and maintain stakeholder trust. In conclusion, successful stakeholder engagement and influence in energy projects require a comprehensive and strategic approach. By identifying stakeholder interests, maintaining transparent communication, fostering collaboration, and addressing conflicts proactively, energy companies can enhance project sustainability, ensure compliance, and secure community support. These strategies not only facilitate project success but also contribute to the broader goals of sustainable development and social respo","PeriodicalId":507950,"journal":{"name":"International Journal of Management & Entrepreneurship Research","volume":"5 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141813944","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 : 2024-07-23DOI: 10.51594/ijmer.v6i7.1327
Wagobera Edgar Kedi, Chibundom Ejimuda, Courage Idemudia, Tochukwu Ignatius Ijomah
This review paper examines the integration of AI chatbots in small and medium-sized enterprise (SME) marketing platforms, focusing on their impact on customer interaction, service efficiency, and future implications. AI chatbots, powered by advancements in natural language processing and machine learning, have revolutionized customer service by automating routine tasks, providing 24/7 availability, and personalizing interactions based on user data. The paper explores historical developments, current trends, and applications of chatbots in SMEs, highlighting benefits such as cost efficiency and improved service processes. Furthermore, it discusses emerging technologies in chatbot development and outlines long-term benefits for SMEs, including enhanced customer satisfaction and operational efficiencies. Practical recommendations for SMEs considering chatbot integration are provided to optimize implementation and leverage this technology effectively in their marketing strategies. Keywords: AI Chatbots, SME Marketing, Customer Interaction, Service Efficiency, Automation, Future Trends.
{"title":"AI Chatbot integration in SME marketing platforms: Improving customer interaction and service efficiency","authors":"Wagobera Edgar Kedi, Chibundom Ejimuda, Courage Idemudia, Tochukwu Ignatius Ijomah","doi":"10.51594/ijmer.v6i7.1327","DOIUrl":"https://doi.org/10.51594/ijmer.v6i7.1327","url":null,"abstract":"This review paper examines the integration of AI chatbots in small and medium-sized enterprise (SME) marketing platforms, focusing on their impact on customer interaction, service efficiency, and future implications. AI chatbots, powered by advancements in natural language processing and machine learning, have revolutionized customer service by automating routine tasks, providing 24/7 availability, and personalizing interactions based on user data. The paper explores historical developments, current trends, and applications of chatbots in SMEs, highlighting benefits such as cost efficiency and improved service processes. Furthermore, it discusses emerging technologies in chatbot development and outlines long-term benefits for SMEs, including enhanced customer satisfaction and operational efficiencies. Practical recommendations for SMEs considering chatbot integration are provided to optimize implementation and leverage this technology effectively in their marketing strategies. \u0000Keywords: AI Chatbots, SME Marketing, Customer Interaction, Service Efficiency, Automation, Future Trends.","PeriodicalId":507950,"journal":{"name":"International Journal of Management & Entrepreneurship Research","volume":"38 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141813329","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 : 2024-07-15DOI: 10.51594/ijmer.v6i7.1293
Augusta Heavens Ikevuje, David Chinalu Anaba, Uche Thankgod Iheanyichukwu
Revolutionizing procurement processes in LNG operations is essential for ensuring efficient and cost-effective supply chain management. This paper presents a synthesis of agile supply chain management (SCM) principles using credit card facilities to streamline procurement processes in LNG operations. The integration of credit card facilities offers a flexible and efficient alternative to traditional procurement methods, enabling LNG companies to adapt quickly to changing market conditions and customer demands. The paper begins by discussing the challenges faced by LNG operations in traditional procurement processes, including lengthy approval processes, limited supplier options, and lack of transparency. It then introduces the concept of agile SCM and its principles, highlighting its potential to address these challenges and improve procurement efficiency. The synthesis of agile SCM principles with credit card facilities is explored in detail, focusing on how this approach can transform procurement processes in LNG operations. By utilizing credit card facilities, LNG companies can simplify the procurement process, reduce paperwork, and improve transaction speed. This approach also offers greater flexibility in supplier selection, allowing companies to quickly onboard new suppliers and respond to market changes. The paper also discusses the benefits of this approach, including cost savings, improved supplier relationships, and enhanced operational efficiency. Case studies and examples are provided to illustrate the application of agile SCM using credit card facilities in LNG operations. In conclusion, the synthesis of agile SCM principles with credit card facilities offers a transformative approach to procurement in LNG operations. By adopting this approach, LNG companies can enhance their competitive advantage, improve procurement efficiency, and drive overall operational excellence in the LNG industry. Keywords: Revolutionizing, Procurement Processes, LNG Operations, Credit Cards Facilities, Agile Supply Chain Management.
{"title":"Revolutionizing procurement processes in LNG operations: A synthesis of agile supply chain management using credit card facilities","authors":"Augusta Heavens Ikevuje, David Chinalu Anaba, Uche Thankgod Iheanyichukwu","doi":"10.51594/ijmer.v6i7.1293","DOIUrl":"https://doi.org/10.51594/ijmer.v6i7.1293","url":null,"abstract":"Revolutionizing procurement processes in LNG operations is essential for ensuring efficient and cost-effective supply chain management. This paper presents a synthesis of agile supply chain management (SCM) principles using credit card facilities to streamline procurement processes in LNG operations. The integration of credit card facilities offers a flexible and efficient alternative to traditional procurement methods, enabling LNG companies to adapt quickly to changing market conditions and customer demands. The paper begins by discussing the challenges faced by LNG operations in traditional procurement processes, including lengthy approval processes, limited supplier options, and lack of transparency. It then introduces the concept of agile SCM and its principles, highlighting its potential to address these challenges and improve procurement efficiency. The synthesis of agile SCM principles with credit card facilities is explored in detail, focusing on how this approach can transform procurement processes in LNG operations. By utilizing credit card facilities, LNG companies can simplify the procurement process, reduce paperwork, and improve transaction speed. This approach also offers greater flexibility in supplier selection, allowing companies to quickly onboard new suppliers and respond to market changes. The paper also discusses the benefits of this approach, including cost savings, improved supplier relationships, and enhanced operational efficiency. Case studies and examples are provided to illustrate the application of agile SCM using credit card facilities in LNG operations. In conclusion, the synthesis of agile SCM principles with credit card facilities offers a transformative approach to procurement in LNG operations. By adopting this approach, LNG companies can enhance their competitive advantage, improve procurement efficiency, and drive overall operational excellence in the LNG industry. \u0000Keywords: Revolutionizing, Procurement Processes, LNG Operations, Credit Cards Facilities, Agile Supply Chain Management.","PeriodicalId":507950,"journal":{"name":"International Journal of Management & Entrepreneurship Research","volume":"56 23","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141644326","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 : 2024-07-15DOI: 10.51594/ijmer.v6i7.1291
Muritala Omeiza Umar, Adah Dominic Ochigbo
Effective claim management is crucial in construction projects to ensure fair resolution of disputes, control costs, and maintain project schedules. This article analyzes the claim assessment practices in construction projects across four regions: Malaysia, the United Kingdom (UK), Vietnam, and Lagos (Nigeria). By examining successful claim assessments, identifying lessons from disputed claims, and conducting a comparative analysis, the study uncovers effective strategies and common challenges in claim management. Key findings highlight the importance of comprehensive documentation, proactive claim management, and the use of advanced tools such as Building Information Modeling (BIM) and Project Management Information Systems (PMIS). Successful projects often employed robust documentation practices, clear communication channels, and advanced analytical tools to resolve claims efficiently. Lessons learned emphasize the necessity of clear contract terms, regular training for site staff, and standardized procedures to mitigate disputes. Recommendations for practitioners include implementing robust documentation practices, adopting proactive claim management, enhancing communication and collaboration, using advanced analytical tools, and engaging independent experts. The article also identifies areas for future research, such as the impact of emerging technologies, the effectiveness of Integrated Project Delivery (IPD), and the role of Continuous Professional Development (CPD) programs in enhancing claim management skills. By adopting these best practices and addressing identified challenges, project stakeholders can improve the efficiency, accuracy, and fairness of claim assessments, contributing to the successful completion of construction projects. Keywords: Claim, Construction, Contract, Delay, Documentation, Management, Project.
{"title":"Comprehensive approach to claim assessment in construction project","authors":"Muritala Omeiza Umar, Adah Dominic Ochigbo","doi":"10.51594/ijmer.v6i7.1291","DOIUrl":"https://doi.org/10.51594/ijmer.v6i7.1291","url":null,"abstract":"Effective claim management is crucial in construction projects to ensure fair resolution of disputes, control costs, and maintain project schedules. This article analyzes the claim assessment practices in construction projects across four regions: Malaysia, the United Kingdom (UK), Vietnam, and Lagos (Nigeria). By examining successful claim assessments, identifying lessons from disputed claims, and conducting a comparative analysis, the study uncovers effective strategies and common challenges in claim management. Key findings highlight the importance of comprehensive documentation, proactive claim management, and the use of advanced tools such as Building Information Modeling (BIM) and Project Management Information Systems (PMIS). Successful projects often employed robust documentation practices, clear communication channels, and advanced analytical tools to resolve claims efficiently. Lessons learned emphasize the necessity of clear contract terms, regular training for site staff, and standardized procedures to mitigate disputes. Recommendations for practitioners include implementing robust documentation practices, adopting proactive claim management, enhancing communication and collaboration, using advanced analytical tools, and engaging independent experts. The article also identifies areas for future research, such as the impact of emerging technologies, the effectiveness of Integrated Project Delivery (IPD), and the role of Continuous Professional Development (CPD) programs in enhancing claim management skills. By adopting these best practices and addressing identified challenges, project stakeholders can improve the efficiency, accuracy, and fairness of claim assessments, contributing to the successful completion of construction projects. \u0000Keywords: Claim, Construction, Contract, Delay, Documentation, Management, Project.","PeriodicalId":507950,"journal":{"name":"International Journal of Management & Entrepreneurship Research","volume":"27 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141647749","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 : 2024-07-15DOI: 10.51594/ijmer.v6i7.1292
Augusta Heavens Ikevuje, David Chinalu Anaba, Uche Thankgod Iheanyichukwu
Cultivating a culture of excellence is paramount for success in LNG production, and employee engagement plays a central role in achieving this goal. This abstract explores the synthesis of various employee engagement initiatives aimed at enhancing performance in LNG production facilities. Effective employee engagement initiatives are essential for fostering a culture of excellence within LNG production facilities. By empowering employees and promoting a sense of ownership and commitment, organizations can unlock the full potential of their workforce and drive continuous improvement in performance. This abstract examines a range of employee engagement strategies tailored specifically for the unique challenges and demands of LNG production. These initiatives encompass various aspects of employee engagement, including communication, training and development, recognition and rewards, and fostering a supportive work environment. Communication lies at the heart of effective employee engagement. Open and transparent communication channels facilitate the exchange of ideas, feedback, and information, fostering collaboration and alignment towards common goals. Additionally, regular communication helps employees feel valued and informed, enhancing their sense of belonging and commitment to the organization. Investing in training and development opportunities is another critical aspect of employee engagement in LNG production. By providing employees with the skills and knowledge they need to excel in their roles, organizations can empower them to contribute meaningfully to the success of the operation. Continuous learning opportunities also demonstrate a commitment to employee growth and development, which can boost morale and job satisfaction. Recognition and rewards programs play a crucial role in reinforcing desired behaviors and motivating employees to perform at their best. Whether through monetary incentives, public recognition, or other forms of acknowledgment, recognizing employee contributions fosters a culture of appreciation and reinforces the organization's values. Finally, creating a supportive work environment that prioritizes employee well-being and work-life balance is essential for sustaining high levels of engagement and performance. Providing resources such as wellness programs, flexible work arrangements, and opportunities for social connection helps employees feel supported and valued, leading to greater job satisfaction and commitment. In summary, cultivating a culture of excellence in LNG production requires a multifaceted approach to employee engagement. By implementing a range of initiatives focused on communication, training and development, recognition and rewards, and fostering a supportive work environment, organizations can empower their employees to thrive and drive continuous improvement in performance. Keywords: Cultivating, Culture of Excellence, Performance Improvement, LNG Production, Employing Engagement Initiatives.
{"title":"Cultivating a culture of excellence: Synthesizing employee engagement initiatives for performance improvement in LNG production","authors":"Augusta Heavens Ikevuje, David Chinalu Anaba, Uche Thankgod Iheanyichukwu","doi":"10.51594/ijmer.v6i7.1292","DOIUrl":"https://doi.org/10.51594/ijmer.v6i7.1292","url":null,"abstract":"Cultivating a culture of excellence is paramount for success in LNG production, and employee engagement plays a central role in achieving this goal. This abstract explores the synthesis of various employee engagement initiatives aimed at enhancing performance in LNG production facilities. Effective employee engagement initiatives are essential for fostering a culture of excellence within LNG production facilities. By empowering employees and promoting a sense of ownership and commitment, organizations can unlock the full potential of their workforce and drive continuous improvement in performance. This abstract examines a range of employee engagement strategies tailored specifically for the unique challenges and demands of LNG production. These initiatives encompass various aspects of employee engagement, including communication, training and development, recognition and rewards, and fostering a supportive work environment. Communication lies at the heart of effective employee engagement. Open and transparent communication channels facilitate the exchange of ideas, feedback, and information, fostering collaboration and alignment towards common goals. Additionally, regular communication helps employees feel valued and informed, enhancing their sense of belonging and commitment to the organization. Investing in training and development opportunities is another critical aspect of employee engagement in LNG production. By providing employees with the skills and knowledge they need to excel in their roles, organizations can empower them to contribute meaningfully to the success of the operation. Continuous learning opportunities also demonstrate a commitment to employee growth and development, which can boost morale and job satisfaction. Recognition and rewards programs play a crucial role in reinforcing desired behaviors and motivating employees to perform at their best. Whether through monetary incentives, public recognition, or other forms of acknowledgment, recognizing employee contributions fosters a culture of appreciation and reinforces the organization's values. Finally, creating a supportive work environment that prioritizes employee well-being and work-life balance is essential for sustaining high levels of engagement and performance. Providing resources such as wellness programs, flexible work arrangements, and opportunities for social connection helps employees feel supported and valued, leading to greater job satisfaction and commitment. In summary, cultivating a culture of excellence in LNG production requires a multifaceted approach to employee engagement. By implementing a range of initiatives focused on communication, training and development, recognition and rewards, and fostering a supportive work environment, organizations can empower their employees to thrive and drive continuous improvement in performance. \u0000Keywords: Cultivating, Culture of Excellence, Performance Improvement, LNG Production, Employing Engagement Initiatives.","PeriodicalId":507950,"journal":{"name":"International Journal of Management & Entrepreneurship Research","volume":"32 41","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141645445","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：