The aim of this book is to give more insights into the riddle of proper strategy implementation. Previous works indicate that firms seem to have problems implementing their strategies in an appropriate way. This fact should be of great concern as strategy implementation is at least as important for firm performance as strategy formulation. After identifying eleven important strategy implementation factors, it is argued that different strategies require different strategy implementation skills. The findings based on 175 responses from executives of medium and large size Austrian firms show that it is crucial for prospectors and analyzers to align their strategy implementation factors according to their strategy content. Interestingly, the degree of alignment in defender firms has no impact on firm performance. Moreover, it is revealed that an “overdoing” of strategy implementation factors does not play any crucial part in influencing firm performance while underemphasizing has a negative impact. Contrary to expectations, strategy implementation still significantly influences firm performance regardless of whether strategy content is aligned with the environmental uncertainty or not.
This study investigated the determinants of yield performance among small scale fish farmers in Epe Local Government of Lagos State, Nigeria. From the major findings of the study,the determinants include: quantities of feed, labour and fingerlings and total pond size. Catfish farming in the study area is profitable with a benefit-cost ratio of 3.14 and a gross margin of #709,208.13 on an annual basis.
The adoption of Strategic Performance Measurement Systems (SPMS) allows firms to supplement financial metrics with a diverse mix of non-financial performance measures to enable better monitoring of strategic progress and success. As climate change continues to dominate regulatory policy changes, many companies are now extending their SPMS to incorporate the three dimensions of sustainability: the 3P’s-Planet, People and Profit. This SPMS extension is commonly referred to as Sustainability Balanced Scorecard (SBSC). This book examines the extent of SPMS and SBSC usage and disclosure among Australia’s Top100 listed firms. It also explores the sustainability commitment level of firms using the Reactive-Defensive-Accommodative-Proactive model. The aim is to identify the SPMS/SBSC disclosers and to gain meaningful insights from exemplary examples of companies displaying high commitment to sustainability through proactive initiatives.
This book appraises the concept and practice of Environmental Impact Assessment (EIA) in the Telecommunication and broadcast industry in Nigeria. It examines the crucial role of EIA in government decision – making process as it relates to the Telecommunication and broadcast industry in Nigeria. As an environmental management tool, EIA has been made a mandatory practice before siting of the telecommunication masts and base stations. The procedure of conducting an Environmental Impact Assessment (EIA) was described and a comparative study of few African countries and the United Kingdom (UK) was made to elucidate on the common areas of practice. The institutional framework for telecommunication and broadcast industry has been critically analyzed to gauge the adequacy or otherwise of its regulatory role in ensuring that sustainable development is achieved in Nigeria.
The inadequacies of the national courts in Nigeria which include: the adversarial nature of litigation, unnecessary delays, lack of confidentiality etc has led disputing parties to seek alternative means of dispute resolution, one of which is domestic arbitration. Unfortunately, the potential advantages claimed for arbitration over litigation, are often not achieved in practice. Consequently, the primary focus of the work is the identification and examination of some problems and challenges hindering the law, practice, institution and growth of domestic commercial arbitration and customary arbitration in Nigeria. In the work, relevant suggestions are made for tackling these problems and challenges. The modest contribution of the work to the field of arbitration should help shed some light on this emerging and exciting field of dispute resolution in Nigeria, and should be especially useful to scholars, lawyers and other professionals in arbitration.
This project work titled, “Correlation of Poverty and Unemployment rate in Nigeria” was necessitated by the fact that Poverty and Unemployment are concepts that entail socio-economic and political deprivation, which may affect individuals, households, or communities, and which may result in lack of access to the basic necessities of life. The methodology adopted involved the use of structured questionnaire for eliciting information on the poverty and unemployment rates in Nigeria.
After the privatization of dairy extension services in 1992, there was an apparent decline and fluctuation in milk production.This book provides an understanding of the smallholder dairy farmers’ perception of the effects of privatization in the sub-sector on dairy production. Understanding farmers’ perceptions on the effects of institutional changes in livestock or crop production systems on their production is key in the process of privatization of agricultural extension services. This information may help farmers to design more sustainable coping strategies in order to boost milk production and address the negative effects of privatization. The government agencies, livestock policy makers and other service providers may also use the findings from the study to improve the dairy production service delivery. It has also provided information that may enhance improvement of market outlets for milk and milk products hence help to alleviate poverty and enhance better nutrition.
Since the return of Nigeria to Democratically elected government on May 29, 1999 the Country has been witnessing an unprecedented rate of crime and criminal related activities like Odua People’s Congress (OPC) in the South West, Bakassi Boys in the East, vandalization of oil pipelines and kidnapping of oil company workers in the South-South by Movement for Emancipation of Niger Delta (MEND), while in the North, the problem of sectarian crisis and implementation of Sharia law led to the emergence of Islamic Fundamentalist (Boko Haram). These ethnic militias and chauvinistic organization create instabilities which police cannot handle. The foregoing provide an impetus for one to assess the agencies of social control especially the police who are charged with the constitutional role of crime control in Nigeria in order to understand the problem that militate against their performance in contemporary societies and fine solution to the problems. The book will be of benefit to Sociologist, Criminologist, Security Agencies, and those who desire for peace the World over.
The debate for an optimal capital structure among scholars has been fierce. In this heat of global economic meltdown, a strategic financing decision for companies becomes inevitable. Hence, this study is an extension but distinct from prior empirical studies. It stimulates new thoughts of concern on the dynamics of corporate capital structure and what seems optimal for individual firms. It makes up for the paucity of scholarly studies in third world nations on related issues. Also,the findings of this study will foster an effective and efficient financing decision for firms in third world nations. Both consultants and financial analysts will find the study helpful in their financial and advisory services to failing and distressed companies. Likewise, academic scholars as well as students of corporate finance and financial management will find this study helpful in addressing issues in corporate finance relating to corporate capital structure and firms’ market values. Other researchers in related field and discipline will find the study helpful as it will serve as a basis for further study.
The Sociology of English in Nigeria, which contains twelve chapters written by linguists of note both in Nigeria and overseas, traverses the Nigerian socio-cultural experience with English at several levels and in different aspects of the people’s lives. It explores the nature of the use of English in Nigeria, the co-existence of English with other Nigerian languages and the sociolinguistic impact of the language in several communicative contexts in the country. ................................................ One major strength of this book is that it directs attention to various fertile areas of research in the sociology of English in Nigeria. This is particularly important for it invites scholars to look in these directions in their work instead of rehashing the same tiring arguments about what English is doing in Nigeria. I very strongly recommend this book, especially to those who look for something new and interesting in the study of English in Nigeria. Obododimma Oha, University of Ibadan, Nigeria.
Large part of Transaction cost analysis (TCA) literature has emerged from developed economies with most studies centred around large manufacturing firms. Verifying practical validity of TCA to firms in developing or emerging markets require research using firms from these markets. This study introduces a different context for re-examining TCA predictions (using firms from an emerging market). Survey was conducted using Tanzanian firms engaging in producer- distributor business relations representing supplier and buyer firms respectively.Most tested relations did not reveal significant differences between developed and emerging markets (insignificant effect of firms and countries differences) except for insignificant impact of environmental uncertainty on vertical coordination. These preliminary findings suggest relevance of TCA predictions to both developed and emerging markets. Further studies need to involve more countries as well as different set of relations so as to improve validity of these findings.
The developing countries generally lack sufficient capital to boost economic growth and development, hence fDI inflows are required to augment domestic capital so as to help accelerate the pace of economic growth and development in these countries. In Nigeria, the overall economic performance since independence has been rather unimpressive. Despite the availability of huge oil resources, its growth rate has been quite feeble. GDP growth rate was even negative for many years especially in the first half of the 1980s when the collapse of crude oil prices triggered an acute economic crisis in Nigeria.This weak economic performance especially in the past three decades has been attributed to a host of factors more particularly the collapse of investments in the 1980s and beyond. Against this background, the study uses recent econometric techniques to critically examine the relationship between FDI and Economic Growth in Nigeria both in the short-run and long-run since the period of Nigeria's political independence to 2012.
This is an empirical textbook prepared to highlight the viability of financial leverage in enhancing firms’ profitability across real sectors of the economy. Prior to this recent time, earlier literatures have created misconceptions of the negative effect of financial leverage on firms’ profitability without exact transmission channel of influence based on theoretical pollutions. On this backdrop, this text made a significant attempt to provide empirical insight on the link between financial leverage as debt finance options and firms profitability for randomly selected firms in a developing country using panel model approach. The static fixed and random effect panel model techniques were employed. The econometric evidence revealed that long term liability, productivity, firms size and liquidity were found to be the major factors enhancing firms profit level in the long-run.
This book examines the practice of strategic management, in indigenous firms and to ascertain the impact of strategic management on corporate success. A sample of forty firms drawn from cottage industries, small scale enterprises, medium scale enterprises and large scale firms were drawn from the population,using stratified sampling. The major findings of the study are that (a) only 17 percent of the firms engaged in deliberate and systematic strategic management, (b) 57 percent were disorganized in their practice of strategic management and 25 percent made no attempt whatsoever (c)The economic and the industry/competitive factors were found to be the most favorable factors for the firms (d) Strategic management was found to be positively related to corporate success. The study concluded that most Entrepreneurship firms are involved in some level of strategic management and that strategic management improves corporate success, and thus recommends that managers need to be more organized in their practice of strategic management in order to facilitate the growth and success of their firms.
This study, Challenges of Financing Small and Medium Scale Enterprises (SMEs) in Nigeria was undertaken to find out the challenges that funding institutions encounter in their bid to extend credit facilities to the SME sub-sector of the in Nigerian economy. It is a general consensus that SMEs play a key role in transition and developing countries as they account for more than 90% of all firms outside the agricultural sector, constitute a major source of employment and generate significant domestic and export earnings. Studies however show that funding for small and medium enterprises (SMEs) has, for many years, been the bane of growth of this sector of the economy.Access to finance by SME has been a key topic of research by developmental finance organizations and current research in the developing world suggests that SMEs face greater obstacles to accessing finance than larger firms. The study thus identified the various challenges that funding institutions encounter in funding the SME sub-sector.