| 1 |
Author(s):
Dr. Dim Ethelmary, Chukwuma Mary Obioma.
Page No : 1-18
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Sustainability of Family Owned Businesses and Organizational Performance in Anambra State
Abstract
The study examined the relationship between sustainability of family-owned businesses and organizational performance in Anambra State, Nigeria. The study focused on three dimensions of sustainability practices in family-owned businesses viz; succession planning, decision making pattern and leadership, in relation to organizational performance of family-owned businesses in the major commercial cities in Anambra state viz; Awka, Nnewi and Onitsha. Three hypotheses were formulated in line with the specific objectives of the study. The descriptive survey research design was adopted and covered a sample of 388 respondents who were selected through the stratified random sampling technique. A self-developed questionnaire was used as the instrument for data collection. The data was analyzed descriptively using frequency counts, mean scores and standard deviation; while the study hypotheses were tested with the multiple regression statistics. The findings of the study revealed that the three dimensions of sustainability in family businesses examined have a significant positive influence on organizational performance in Anambra state. It was therefore recommended among others that the entrepreneurs in family businesses must act proactively by crafting a succession plan early enough and ensuring that all the management and employees become aware of the succession plan against the future.
| 2 |
Author(s):
Modestus Chigozili Amauche.
Page No : 19-38
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Government Human Capital Development and Economic Growth in Nigeria
Abstract
The study examined the effect of government human capital development on economic growth of Nigeria. The variables of human capital development employed in the study are government health expenditure, government education expenditure, literacy rate, life expenditure and control for oil revenue, while gross domestic product is the proxy for economic growth and the dependent variable. The data were obtained from CBN Statistical bulletin and World development Indicator covering 1986 to 2018. The Augmented Dickey Fuller test for stationary and Autoregressive Distributive Lag was used for data analyses. The results showed that government human capital development has a significant long run effect on economic growth of Nigeria. The coefficient of the long run equation revealed that government education expenditure and life expectancy have a negative relationship with economic growth, while government health expenditure, literacy rate, oil revenue and trend have positive relationship with economic growth. Only government education expenditure does not have a statistically significant long run effect on economic growth in Nigeria. More so, the coefficient of short run relationship showed that government education expenditure and life expectancy have a negative and statistically significant effect on growth while government health expenditure, literacy rate, oil revenue as well as trend showed positive and significant short run effects on economic growth. The study thus concluded that government human capital development is a veritable means to enhancing economic growth in Nigeria. It was thus recommended that government should address the agitations of the education sector to strengthen the quality of education, increase its capital budget on health sector as well as redirect from theory based to hands-on and value-based learning in Nigeria.
| 3 |
Author(s):
Anetoh John Chidume, Anetoh Vivian Chioma, Okeke Goodfaith Nnenna, Okeke-Ezeanyanwu Joy A., Okafor Chizoba Adaeze, Obiezekwem Chukwujekwu Jeffery, Peter Rita Adaobi.
Page No : 39-54
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Drivers of Workforce Satisfaction and their Influences on Entrepreneurial Venture Productivity: Evidence from Paints Producing Firms in Nigeria
Abstract
The study examined the drivers of workforce satisfaction and their influences on entrepreneurial venture productivity of selected paints producing ventures in Nigeria using Anambra State as a reference point. The study examined the extent the drivers of workforce satisfaction of recognition, participatory leadership, motivation and job security influence the productivity of the selected paints producing firms in Anambra State of Nigeria. A cross sectional survey research design was adopted for the study. The target population size of the study was 3298 while the sample size was 357. Primary source of data collection was adopted. Structural equation modeling technique was used to test the four hypothesized relationship at 5% level of significance. The findings revealed that there exists a positive significant influence between workforce satisfaction and entrepreneurial venture productivity of paints producing firms in Anambra State of Nigeria. The findings showed that workforce recognition, workforce participatory leadership style, workforce motivation and job security had positive significant influences on entrepreneurial venture productivity of paints manufacturing firms in Anambra State of Nigeria. The study recommends that entrepreneurs and managers should invest more in recognizing, securing, motivating as well as integrating their workforce in decision-making process for improved growth and productivity of paints businesses in Anambra State of Nigeria.
| 4 |
Author(s):
Anetoh John Chidume, Anetoh Vivian Chioma, Okeke Goodfaith Nnenna, Okeke-Ezeanyanwu Joy A., Okafor Chizoba Adaeze, Obiezekwem Chukwujekwu Jeffery, Peter Rita Adaobi.
Page No : 55-70
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Employee Job Satisfaction and Entrepreneurial Venture Growth of Plastic Manufacturing Firms in Nigeria
Abstract
This research ascertained the relationship between employee job satisfaction and entrepreneurial venture growth of selected plastic manufacturing firms in Nigeria using Anambra State as reference point. The study aimed to ascertain the extent employee training, team work, involvement and compensation relate to entrepreneurial venture growth. The target population of the study was 2360 employees while the sample size for the survey was 342. Data were collected primarily from field survey using the employees of the selected plastic manufacturing firms in Anambra State of Nigeria. A cross-sectional survey research design was adopted for the study. Structural equation modeling technique was used to test the hypothesized relationship at 5% level of significance. The findings revealed that there exists a positive relationship between employee satisfaction and entrepreneurial venture growth of plastic manufacturing firms. The findings discovered that employee training, employee team work, employee involvement and employee compensation had positive significant relationships with entrepreneurial venture growth of plastic manufacturing firms. The implication of the findings is that a satisfied employee is a productive worker. This entails that if employees are satisfied then they will perform better than when they are not satisfied. The study recommends that management should attach more importance to training their employees, working as a team, more employee involvement in decision-making as well as adequate compensational packages for improved growth of entrepreneurial ventures in Nigeria.
| 5 |
Author(s):
Christabel D. Brownson.
Page No : 71-79
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Do Entrepreneurs in Akwa Ibom State Practice Succession Planning?
Abstract
There is little evidence to show that Nigerian leading Organizations undertake Succession Planning. Extant literature has pointed out that failure to practice succession planning leads to failure to take advantage of the diversity that Nigeria has, as almost all recent public appointments are disputed and sometimes end in court. More disturbing is that the growth of Nigerian Institutions remain abysmal as lack of succession planning reduces the scope for leadership development and planning, leading to problems of business continuity and growth. Hence, this study seeks to examine if entrepreneurs in Akwa Ibom State practice succession planning and the type of succession planning they practice. Using a purposive sampling method, 129 Employees of selected organizations were examined. Findings reveal that entrepreneurs in Akwa Ibom State, do some extent practice succession and that majority of them practice more of internal succession plan using a feedback system, active learning, job assignments, performance review, coaching, mentoring and training among others to enable employees take over key vacant positions in the firm.
| 6 |
Author(s):
Dr. Michael A. Ikon, Ikedinma Kenechukwu C..
Page No : 80-99
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Job Redesign and Organizational Commitment in Government Ministries in Anambra State
Abstract
The study focused on job redesign and organizational commitment in government ministries in Anambra State. The specific objective of the study was to ascertain the nature of relationship that exists between job redesign and organizational commitment. Relevant hypothesis was formulated and tested. Survey research design was adopted for this study. The study was anchored on Equity Theory by Edwin Locke and Social Exchange Theory by George Homans (1958). Six government ministries were selected systematically. The population of the study was 2526 employees from which the sample size of 345 employees was gotten through Taro Yamane sampling technique. The data collected using structured questionnaire were analyzed using Pearson Product moment correlation co-efficient while the hypothesis was tested using Pearson’s Table of Test of Significance. The findings revealed that there is a significant relationship between job redesign and organizational commitment (pval 0.033<0.05). The study concluded that Job Redesign is a major determinant of the performance of employees which to a great extent the performance of the organization as a whole. The study recommended that to improve the level of satisfaction employees get from their jobs, the management of government ministries should carefully plan the Job Redesign process in the ministries since this will ensure that suitable employees are placed in appropriate positions thus making for a workforce poised towards goal attainment.
| 7 |
Author(s):
Harcourt Horsfall (Ph.D.).
Page No : 100-112
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Brand Equity and Brand Performance of Retail Pharmaceutical Firms in Rivers State of Nigeria
Abstract
The study examined brand equity and brand performance in retail pharmaceutical firms in Rivers State of Nigeria. Four hypotheses were formulated and tested at 0.05 level of significance. The population of the study consisted of 125 pharmaceutical firms registered with the business unit of rivers state ministry of commerce and industry, Port Harcourt. Taro Yamen formula was used to determine the sample size of 75. The study randomly selected two staff as respondents from the sampled 75 firms. Hence, a total of 150 respondents was used for the study. The data was collected in the time frame of 16 days and afterward responses were imputed into the Statistical Package for Social Sciences (SPSS) version 22.0 for analysis and evaluation. The Multiple Regression Analysis was used as statistical tests to determine the extent of the effect of the predictor variable on the criterion variable. The findings indicate that brand awareness, perceived quality, brand association and brand loyalty have positive and significant influence on distribution coverage. The study therefore concludes that brand equity positively and significantly affects brand performance through distribution coverage in retail pharmaceutical firms in Rivers of Nigeria. The study recommends that brand loyalty strategies of retail pharmaceutical firms should be sustained to guarantee distribution coverage that will attract ultimate brand performance. Further, brand equity strategies of retail pharmaceutical firms should be improved upon to boost their brand performance objectives in order to gain competitive advantage in the market place.
| 8 |
Author(s):
Ezekiel-Hart James Carr, Renner Blessing Awaji-Ima.
Page No : 113-127
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Brand Image and Consumer Taste Preference of Bottled Water Manufacturing Firms in Port Harcourt
Abstract
The study investigated the relationship between Brand image and Consumer taste preference of Bottled water manufacturing firms in Port Harcourt, Rivers State. The study drawing from its oprationalized framework answered three (3) research questions and three (3) nullified hypotheses. The population of the study consisted of 110 registered bottled water producers gotten from Water Producers Association of Nigeria (WAPAN), Rivers State Chapter. The sample size of 86 was derived through Krejcie and Morgan sampling technique. The questionnaire was structured in a five (5) point likert scale. The data collected through primary and secondary data sources were analyzed using descriptive and inferential statistics. Spearman rank-order correlation coefficient was used to test the hypotheses formulated. The result of the findings showed a significant relationship between Brand image and Consumer taste preference, using Brand trust, Brand association and Brand graphics. The study concluded that Brand Image (brand trust, brand association, and brand graphics) relates significantly with consumer taste preference. The study recommended that: Bottled water manufacturing firms should produce qualitative brands; Bottled water manufacturing firms should create a positive image of their brands by producing products that will stand the taste of time and Bottled water manufacturing firms should use eye catching graphics to design their brand. This will help differentiate the firm’s brand from competitors’ brands.
