Category Archives: International Journal of Management Studies, Business and Entrepreneurship Research 2017

CONTENTS

S/N	Title	Author(s)	Pages
1	Effective Policy Framework for Entrepreneurship Development in Nigeria	Omame Onyebuchy Bernard; Ugwu Sylvester Onuoha; Emezuo & Ojekwe Nnamdi	1-17
2	Effect of Business Environmental Factors on the Survival and Growth of Manufacturing Organizations in South East, Nigeria	Agbo  Melletus Uchechukwu	18-40
3	Nigerian Capital Market and Manufacturing Sub Sector (1970-2014)	Igono  Marythecla  Nnesochi	41-58
4	Impact of New Product Development on Business Growth in the Nigerian Banking Industry	1Alo, Ebenezer Adebisi. (Ph.D),  2Aun, Isaac Iortimbir (Ph.D) & 1Ayinde, Moses Oladunni. (Ph.D)	59-74
5	An Economic Analysis of Dutch Disease in Nigeria	Gbatsoron Anjande & Aor Raymond	75-90
6	The Impact of Corruption on Economic Growth and Cultural Values in Nigeria: A Need for Value Re-orientation	Simeon T. Asom & Victor Ushahemba Ijirshar	91-113

Effective Policy Framework for Entrepreneurship Development in Nigeria

Omame Onyebuchy Bernard; Ugwu Sylvester Onuoha; Emezuo & Ojekwe Nnamdi

Scientific Equipment Development Institute, Enugu, Nigeria

Email: buchydifference@yahoo.com; ugwusylvester119@yahoo.com; emezuoo@yahoo.com;                       nnamdiojekwe@yahoo.com

ABSTRACT

The main purpose of this research is to find effective way through which Entrepreneurship can take it rightful place in the socio-economic economic development of Nigeria. It is intended to equip policymakers with implementable recommendations to create the most conducive and supportive environment for entrepreneurs to thrive. People must choose to leave the mentality of the corporate hierarchy to create independence economic base and chose the autonomy that owing a business offers. This study discovered that the impacts the entrepreneurship will have on the nation’s economy goes far beyond their numbers. However, there must be a resurgence of the entrepreneurial spirit to spearheading this most significant economic development in recent business history all around the world. These heroes of the new economy are introducing innovative products and services, pushing back technological frontiers, creating new jobs, opening foreign markets, and in the process, will sparkle the economy. On the other hand, government must create and implement effective policies and enabling environment to drive home this all important phenomenon in the development of our economy. In Nigeria, it suffice to say that massive unemployment as a result of irregular government policies and corruption, massive downsizing campaigns in public service and large corporations, dramatically cutting the number of managers and workers on their payroll had meted untold hardship on citizenry and on our economy. One casualty of this downsizing has been the long-standing notion of job security in government and large corporations, which all but destroyed the concept of loyalty and has made workers much more mobile. This research having under study the level of entrepreneurship in Nigeria system thereby proffer a solution to ameliorate the situation and embed this concept that is the bedrock of developed economy into our own economic system.

Keywords: Entrepreneurship, development, policy framework, government, economy

Effect of Business Environmental Factors on the Survival and Growth of Manufacturing Organizations in South East, Nigeria

Agbo Melletus Uchechukwu

Department of Business Administration

Michael Okpara University of Agriculture, Umudike, Nigeria

ABSTRACT
The research work focused on effects the business environmental factors on the survival and growth of business organizations in the manufacturing sector with reference to South East of Nigeria. The study identified some environmental factors that were peculiar to the business organizations in the manufacturing sector vis-a-vis their significant impact rough the administered questionnaires to employees of selected business organizations and inhabitants of  Enugu Metropolis Electricity, government policies and fraudulent practices were found as factors critical with severe impact on the survival and growth of business organizations in the manufacturing sector among other factors which was adduced as the underlying rationale behind exodus of manufacturing organizations to the neighboring countries. The use of Z value of 1.96 at 0.05 level of significance further confirmed the impact of each of the environmental factors on the survival and growth of business organizations and concluded that these factors signified impending danger that may impede the survival of these business organizations and make growth an impossible task if left on, thus recommended among others that the present arrangement (policy) of centralizing electricity which has made the federal government to enjoy monopoly should be jettisoned in order to make way for devolution and alternative to power generation aside the use of generator which has made operation cost to keep increasing.

Keywords: Environmental factors, Growth, Survival, Manufacturing sector, profits.

Impact of New Product Development on Business Growth in the Nigerian Banking Industry

¹Alo, Ebenezer Adebisi. (Ph.D), ²Aun, Isaac Iortimbir (Ph.D) & ¹Ayinde, Moses Oladunni. (Ph.D)

¹Department of Business Administration, College of Management Sciences,

Joseph Ayo Babalola University, Ikeji – Arakeji, Osun State, Nigeria

²Department of Business Administration, Faculty of Management Sciences University of Ilorin, Ilorin, Nigeria

E-mail: ebenezer_alo@yahoo.com

ABSTRACT

The high demand for new and better services at relatively cheaper rates has made it imperative for banks to work harder on the development of new products and services in order to maintain a competitive advantage. This study examined the impact of new product development on the business growth of Nigerian banking industry with particular emphasis on Skye Bank Plc Osun State. The population of the study consisted of sixteen branches of Skye bank Plc in Osun State. The convenience and simple random sampling techniques were employed to select five branches from the population.  A total of 100 copies of questionnaire were administered on the staff of the selected branches. The statistical tools employed in the study were correlation analysis and t-test analysis. The findings of the study revealed that new product development has positive significant relationship on the profit performance and market share of Skye bank (r = .415, N= 100, P(.000)< .01) and new product development has  significant influence on business growth of Skye Bank (t.cal= 25.138 > t.crit=1.66; df=99; p<.05). The study concluded that the understanding of thesuccess factors that drive new product performance at the business unitlevel is critical to the achievement of the goal of new product development, profit performance and market share of Nigerian banking industry. The study recommended that top level management in Nigerian banking industry should be highly involved in the innovative process that supports and encourages the development of new products.Keywords: Product, Product Life Cycle, New Product Devel

An Economic Analysis of Dutch Disease in Nigeria

Gbatsoron Anjande & Aor Raymond

Department of Economics

Benue State University, Makurdi

ABSTRACT

This study is an economic analysis of Dutch disease in Nigeria from 1981-2014 adopting the co-integration regression of fully modified ordinary least squares (FM-OLS) and canonical co-integration regression (CCR) as the modeling approach. To establish the long-run convergence of the variables in the model even though they diverge in the short-run, we apply the bounds test of co-integration which reveals a co-integrating relationship among the variable. The results of the study establish the existence of Dutch disease in Nigeria within the study period. The study recommends both vertical and horizontal linkages of the oil and gas sector for effective and efficient application of oil revenue that will reverse the current Dutch disease trend in the economy. These recommendations arise from the need to efficiently utilize the available oil proceeds, given the exhaustible nature of oil resource.

Keywords: Dutch Disease, Economic Analysis, co-integration, fully modified ordinary least squares. JEL Classification: Q43, Q41,

The Impact of Corruption on Economic Growth and Cultural Values in Nigeria: A Need for Value Re-Orientation

Simeon T. Asom and Victor Ushahemba Ijirshar

Department of Economics

Benue State University, Makurdi, Nigeria

Email: asomts@gmail.com, ijirsharvictor@gmail.com

ABSTRACT

Corruption in Nigeria has deeply entrenched/ingrained in the national ethics, politics, civil society, public and private sectors and has been deeply permeated by a pervasive and debilitating culture so much that it is best regarded as been institutionalized, until the recent fight against it. The longtime reign of corruption in the country has impacted negatively on economic growth and has decayed or deteriorated our cultural values in the state. This study examined the impact of corruption on economic growth and cultural values in Nigeria situating the need for value re-orientation. The negative impact of corruption on economic growth and the decaying standard of Nigerian cultural values have necessitated the need for value re-orientation in order to bring redemption to the country’s national character and image. The study recommends the effective use of anti-corruption agencies. In the same vein, there should be re-orientation process in the education system of the country while the government should adequately fund the system.

Keywords: Corruption, Corruption Control, Corruption Rank, Orientation, Re-orientation and Values