| 1 |
Author(s):
Timinepere Ogele Court, Robert Kemepade Moruku.
Page No : 1-15
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Evaluating the New Impetus for Entrenching Entrepreneurship Culture in Nigeria (2010 and Beyond): Lessons and Future Public Policy Directions
Abstract
Purpose: This study was designed to evaluate the impact of Nigeria’s entrepreneurship development policies on the emergence and performance of entrepreneurship in recent decades from 2010 to date. Methodology/Approach: The study adopted the periodization paradigm in examining entrepreneurship development efforts at crucial turning points in developments in Nigeria. Findings: The business environment has been hostile to entrepreneurship. However, the ICT as well as the creative industries sub-sectors recorded some successes. But the power, security, agriculture, and education sub-sectors recorded unsatisfactory performances. Government’s inability to overrun terrorist groups thwarted peace and security upon which development depended. High-level official corruption has been hobbling the implementation of entrepreneurship development policies in Nigeria. Implications: The study pointed at general and specific lessons derived from the hostile global and local/national environments for improving on entrepreneurship development policies. Originality value: Using a conceptual framework we developed, the study showed that security is an overriding factor in achieving success in entrepreneurship development. Contrary to the claims of some strategy scholars, strategic management is not a panacea for achieving successful entrepreneurship; that what are crucially important for success are dynamic capabilities, context-driven public policies, and their competent implementation.
| 2 |
Author(s):
Nfawa Erasmus Usani, Samuel G. Etuk, Idongesit J. Essien, Aniekan R. Inwang, Chidimma P. Onyia.
Page No : 16-31
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Physical Distribution Practices and Marketing Performance of Selected Fast Moving Consumer Goods Companies in South-South Region of Nigeria.
Abstract
This study was designed to investigate the influence of physical distribution practices (transportation management, warehousing management, communication and information systems, and order processing) on the marketing performance of selected fast-moving consumer goods (FMCG) companies in the south-south region of Nigeria. The survey research design approach was adopted using a structured questionnaire to collect data from 247 selected FMCG sales representatives involved in the distribution of FMCG products in the south-south region of Nigeria. Stratified random sampling was employed. The data gathered was analysed using percentages and frequency tables. The formulated hypotheses were tested using a multiple regression approach. Findings from the study revealed a strong positive influence between the independent variables (transportation management, warehouse management, communication and information systems, and order processing management) and the dependent variable (marketing performance). The researchers suggest that FMCG companies should prioritise transportation management to facilitate better and more efficient movement of goods and people, thereby improving their marketing performance. Given the limitations of this study, the researchers presented practical implications and directions for future research.
| 3 |
Author(s):
Egrinya Francis Ogabo (Ph.D.), Omang Cornelius Etianghe.
Page No : 32-56
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Behavior Modification: A Panacea for Increasing Productivity in Deposit-Money Bank in South-South, Nigeria.
Abstract
The study sought to determine the imperativeness of behaviour modification as a panacea for increasing productivity in the deposit-money bank in South-south, Nigeria. The concept behaviour modification is an accepted concept to inculcate in an employee the ethical behaviour that will ensure the attainment of organisation objectives. The specific objectives were (i) Ascertain the extent to which training, retraining and reward for hard work enhances productivity in the deposit-money bank in South-south, Nigeria. (ii) To a large extent reinforcement techniques has significant effect on workers lukewarm attitudes to work in the deposit-money bank in South-south, Nigeria. (iii) To a large extent learning techniques enhances desirable and ethical behaviour of workers in the deposit-money bank in South-south, Nigeria. The study adopted the survey design. The population of the study consisted of 578 respondents drawn from 344 various deposit-money banks operational in South-south, Nigeria. A sample size of 231 was drawn from the population using Krejcie and Morgan, (1970), sample size determination. Primary data was used for the study and collected through the use of structured five-point likert scale questionnaire and interview method. The hypotheses were tested using Pearson Product Moment Correlation, (PPMC) technique for hypotheses one and two. Meanwhile, Simple Linear regression was used for hypothesis three. The findings revealed that: Training, retraining and reward for hard working enhances productivity in the deposit-money bank, in South-south, Nigeria ( r =.846, p< 0.05). To a large extent Reinforcement techniques has significant positive effects on workers lukewarm attitudes to work, in the deposit-money bank, in South-south, Nigeria ( r = .754, p< 0.05 ). To a large extent Learning techniques enhances desirable and ethical behaviours of workers in the deposit-money bank, in South-south, Nigeria ( r = .745, p< 0.05 ). Based on the findings of the study, it was recommended that management staff should adopt the various behaviour modification techniques that is appropriate in changing behaviours to desirable and ethical attitudes that would ensure the effectiveness and efficiency of the workers and the attainment of the Organisational objective.
| 4 |
Author(s):
Emmanuel Makanjuola Ogunjemilua, Abiodun Isaac Oyebola, Ifeoluwa Felicia Ogunjemilua, Felix Akinlade Babatola, Ibukun Marcus Falayi.
Page No : 57-72
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Processes and Channels of Technology Upgrading of Knowledge-Based Firms in Nigeria.
Abstract
This study examined the processes and channels of technology upgrading of knowledge-based firms (KBF) in Nigeria. The study adapted the OECD (2004) classification of knowledge-based industry in Nigeria, such as low technology-based and high technology-based firms. The questionnaire was deployed on fifty (50) selected knowledge firms and 72% of the questionnaire completed and retrieved were used for the analysis of this study. The results revealed that low-tech. based firms (47.8%) and high-tech based firms (21.1%) upgraded technology through the process of technology spillover, likewise, low-tech. based firms (46.8%) and high-tech. based firms (52.4%) upgraded technology through the process of technology transfer. The study further indicated that low-tech. based firms (46%) and high-tech based firms (81%) upgraded technology through trading channel. Also, low-tech. based firms (47.9%) and high-tech based firms (95.5%) upgraded technology through foreign direct investment channel, likewise, low-tech. based firms (38.9%) and high-tech-based firms (29.9%) upgraded technology through a technology development alliance. The study concluded that, low-tech. based firms in Nigeria need to improve their technology transfer process while high-tech. based firms also need to improve on their technology spillover technologies through different systems that are customers’ driven.
| 5 |
Author(s):
Emmanuel Yusuf Attah, Mary Yusuf Abdul.
Page No : 73-86
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Cultivating Entrepreneurial Mindset in African Educational Leaders: Strategies for Fostering Innovation and Adaptability.
Abstract
This work looked at cultivating entrepreneurial mindset in African educational leaders: strategies for fostering innovation and adaptability. The objectives of the study were to: determine effective methods for building entrepreneurial mindset; analyse the relationship between entrepreneurial mindset among educational leaders and students’ performance; and identify the main obstacles African educational leaders confront in promoting entrepreneurial mindset. The survey design approach was used. Data were gathered through primary and secondary sources. The study used Nigeria as a case study. The population of the study was 1705 while 324 was derived as sample size using Taro Yamane formular. Stratified sampling technique was used in selecting the 324 sample from the six geo political zones in Nigeria. Questionnaire, designed according to 5 point Likiert scale was administered to the 324 persons. Data was presented and analysed in tables. In testing the hypotheses, ANOVA was used for hypotheses one and three while Pearson Correlation Coefficient was used for hypothesis two. Findings revealed that: Experiential learning, innovation and creativity workshops are effective methods for building entrepreneurial mindsets among individuals; there is a significant relationship between entrepreneurial mindset among educational leaders and students’ performance, and limited institutional support and inadequate funding impact negatively on educational leaders’ ability in promoting entrepreneurial mindset. From the findings, it was recommended among others that: educational stakeholders should invest in workshops for innovation, experience learning, and creativity while government at all levels should encourage educational leaders with all necessary tools to succeed in building entrepreneurial mindset.
| 6 |
Author(s):
Charity Chitalu Mwanza, Collins Otieno Odoyo (Ph.D.).
Page No : 87-103
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Impact of Implementation Models on Financial Inclusion and Resilience: A Study of Rural Women in Zambia.
Abstract
The study investigates the impact of financial inclusion models on financial resilience among rural Zambian women. It uses a mixed-methods approach, examining bank-led, Mobile Network Operator (MNO)-led, and community-led models on saving and investing behaviors. The research uses case studies and ethnography to gain in-depth insights into the cultural and social contexts of participants. The findings suggest that traditional banking services, mobile-based solutions, and community-driven initiatives are not effective in the long run. The study recommends combining these approaches, along with financial literacy programs and policy interventions, to improve financial inclusion strategies for rural women. The study proposes that Service providers adopts a strategy of using Community Implementation Teams (CIT) to enhance the financial inclusion and resilience of women in rural Zambia.
| 7 |
Author(s):
Isibor A. A. (Ph.D.), Akinrinola O. O. (Ph.D.), Adesina O. K..
Page No : 104-110
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Dividend Policy and Value of the Firm: A Qualitative Approach.
Abstract
This comprehensive review examines the relationship between dividend policy and the value of the firm, with a focus on the signaling theory, agency theory, and dividend irrelevance theory. We analyze the various factors that influence the optimal dividend policy, including growth opportunities, profitability, capital structure, and investor preferences. Our review of the empirical evidence reveals that dividend policy can have a significant impact on firm value, with dividend-paying firms tend to have higher market values and lower volatility. However, the relationship between dividend policy and firm value is complex and depends on various factors. We discuss the implications of our findings for investors, managers, and policymakers, highlighting the importance of considering the firm's specific characteristics and market conditions when making decisions related to dividend policy.
| 8 |
Author(s):
Oluyomi Iyiola Martins.
Page No : 111-125
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Impact of Governmental Policies on Women Entrepreneurship Development in Lagos, Nigeria: A Case Study of Aguda Market in Surulere, Lagos, Nigeria.
Abstract
This study examines how government policies affect the growth of female businesses in Surulere, Lagos, Nigeria's Aguda Market. Data was collected from female market entrepreneurs using a quantitative method to determine how much infrastructure policies and government-provided resources affect their business operations. Important conclusions show that women entrepreneurs encounter significant obstacles when trying to obtain government resources, exposing inadequacies in the effectiveness and accessibility of policies. Infrastructure policies, such as market facilities and electricity, did not, however, have a statistically significant effect on day-to-day operations, indicating that infrastructure issues might have become commonplace in their workplaces. This study advocated for better access to government resources and emphasizes the significance of gender-aware policies that address particular obstacles faced by women in entrepreneurship. Through its emphasis on the necessity of pragmatic assistance that bridges the gap between policy purpose and entrepreneurial reality, the study adds to the conversation on gender-sensitive policy-making in emerging economies.
| 9 |
Author(s):
Nonye Benedeth Ezeaka (Ph.D.).
Page No : 126-134
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Catalyzing Entrepreneurship Growth: Development Communication Strategies for AI-Driven Businesses in Nigeria.
Abstract
The rise of Artificial Intelligence (AI) has transformed the entrepreneurial landscape in Nigeria, creating both possibilities and challenges for local business owners. This study investigates the relationship between entrepreneurship, development communication, and AI in Nigeria, emphasizing the need for businesses to adapt their communication strategies to succeed. It examines the Nigerian context, cultural factors, and technological infrastructure to offer effective AI-driven communication strategies for entrepreneurs. The study provides valuable insights for Nigerian entrepreneurs aspiring to flourish in the AI era. By implementing effective communication strategies, they can boost their visibility, establish credibility, and foster business growth in an AI-dominated market. This study emphasizes the critical role of strategic communication in empowering entrepreneurs to overcome AI-related challenges and fostering a thriving entrepreneurial ecosystem. It provides actionable advice on harnessing communication for entrepreneurial success in Nigeria's digital era. The recommendations are tailored to entrepreneurs, policymakers, educational institutions, and the private sector, aiming to create a dynamic economy that utilizes AI as a driver of growth and development.
