MEDITERRANEAN INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCES & ENTREPRENEURSHIP
Vol. 9 No. 5 (IJMSE) JUNE, 2019
Published by: Mediterranean Publications and Research International,
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MANAGEMENT OF DOMINANT PORTFOLIO OF ASSETS OF DEPOSIT MONEY BANKS (DMBS) IN NIGERIA: RISK MANAGEMENT APPROACH.
*PROF. AKONGBOWA B. AMADASUN AND **DR. FRIDAY E. AKPAN
*Department of Public Administration, Federal University Wukari Taraba State Nigeria **Centre for Financial and Accounting Research (CEFAR), Nigerian College of Accountancy, Kwall, Plateau State.
This study conduct to have insight over various methods of ensuring the safety of depositors fund and the investors’ funds through the various ways of managing bank portfolio to the benefit of all stakeholders in the financial service industry. Also discuss the major approaches that are effective in risk management revolve around capital base (minimum capital requirement) of the bank. The study will provide the most optimal risk management approach for the banking sectors.
KEYWORDS: Approach, Dominant, Banks, Portfolio, Management.
TECHNICAL EFFICIENCY OF DIFFERENT FACTOR INPUT ON POULTRY PRODUCTION IN KADUNA STATE, NIGERIA
*UMAR TABARI YERO & **DR ABUGA ISAAC,
Department of Economic and Applied Statistic, Kampala, International University Uganda (KIU).
The study was conducted to determine the technical efficiency of different factor inputs on poultry production in Kaduna state and 9 local governments were selected using stratified random sampling. Data was collected with the used of structured questionnaire from 166 poultry producers which consist layers, broilers and pullet. Frequencies, percentages and stochastic frontier production function were adopted in the analysis of data. The study was based on factor inputs efficiency such as feed, stocking of birds, labor and drugs in poultry production. The average technical efficiency of layer producers in the study area was 73%, broilers81% and pullet was 64% as revealed by the study. The study further revealed that labor, feeds and flock size have significant influence on poultry production while vaccine cost have less influence. Age, education and years of farming experience led to decrease in technical inefficiency.
KEYWORDS: Technical efficiency, Technical inefficiency, Broiler, Layer and pullet production.
THE CHALLENGE OF EFFECTIVENESS IN WORK PLACES USING A MODERN MANAGEMENT TECHNIQUE
*CHINEDU K. WORDU **ENU-OBARI N. EKAKA-A ***ERIC IROZURU
*Business Analysis Unit, Anyiaba Informatics (Nigeria) Ltd, Port Harcourt, Nigeria **Department of Mathematics, Rivers State University, Nkpolu, Port Harcourt, Nigeria ***Open Care (UK), Bury, Greater Manchester, U.K
Managers are fond of the maxim “employees are our most important assets” while in practice, most managers still regard and manage employees as costs. Organizations that fail to make jobs more intellectually involving jeopardize their own success and even survival. The issues raised in this study hinge on human resources which in turn control other factors-financial and material. In so doing, there have to be job analysis, description, specification and evaluation with a clear relationship which exists among them. It is also identified in this paper that for job to be more intellectually involving there has to be training and development. This study recommends that the government should make it compulsory for every organization to train and develop its employees.
KEYWORDS: Job, intellectually involving, human resources, financial factor, material factor, training.
THE RELEVANCE OF CUSTOMER ORIENTATION ON CORPORATE PERFORMANCE OF INSURANCE FIRMS IN NIGERIA
ABIRI IBRAHIM ZUBERU & BRAIMAH NASIRU UHURU
Department of Marketing, Auchi Polytechnic, Auchi, Edo-State.
The study examines the relevance of customer orientation on corporate performance of insurance firms in Nigeria with special emphasis on Royal Exchange Insurance Company Limited, Benin-City, Edo-State. The objectives of the study include; ascertaining if customer orientation enhances patronage, increase sales volume and boast profitability and to confirm if these variables influence corporate performance of insurance company under study. The survey research method adopted for this study was the questionnaire and complemented with personal interview. The hypotheses were tested using the STATA statistical data analysis technique to determine the relevance of customer orientation. Three hundred and fifty respondents indicated that there was a positive relationship between customer patronage, sales volume and profitability; and corporate performance of insurance firms. The result also revealed that customer orientation enable insurance firms to have a better understanding of customer’s needs and the business environment. The research findings show that insurance firms that engage in customer orientation would record progress while those that do not will experience low patronage and low performance. The researcher concludes, that meeting customer’s needs and expectations will drive performance. The study therefore recommended that insurance firms operating in Nigeria should emphasize customer needs in their programmes and operations and put in place appropriate strategies in order to achieve their objectives of business growth and corporate performance.
KEYWORDS: Customer orientation, insurance firm, corporate performance, market share, sales volume, profitability.
DEMARKETING: A PANACEA TO CURTAIL SUSTAINABLE PROCUREMENT IN INTERNATIONAL TOBACCO COMPANY LIMITED LAGOS-NIGERIA-
1OLORUNMAYE, OLATUNBOSUN 2AJAYI DAVID OLUROPO 3OGAH, AROME VICTOR
1&2Department of Purchasing and supply, Federal Polytechnic Ado-Ekiti, Ekiti State. 3Department of Marketing, Federal Polytechnic Ado-Ekiti, Ekiti State.
The study examined the effectiveness of demarketing on sustainable procurement in in international tobacco company limited Lagos-Nigeria-. Specifically, the study tends to ascertain the effect of financial demarketing and raw material demarketing on sustainable procurement in international tobacco company. The study utilized survey research design. Primary source was used to acquire reliable data and information. Population of the study was 63 comprised of management, accounting and procurement staff. Stratified sample technique was used to select sample of 40 respondents used for the study. 25- Items 5-point likert scale option of structured questionnaire was used. Content validity was used to determine the validity of the instrument and test-retest reliability method was utilized to measure the stability of the instrument. Simple linear regression was used to test the two hypotheses. The findings revealed that financial demarketing and raw material demarketing has effect on sustainable procurement in Nigeria tobacco manufacturing company. Due to the significant of this study, recommendations were giving as follows: company should limit their spending in order to discourage excess purchase in their business operation and optimum purchase of raw material should be adopt by manufacturing industry to encourage demarketing as a strategy.
KEYWORDS: Demarketing, Sustainability, Procurement, Manufacturing, Company
AN EVALUATION AND DEVELOPMENT OF PACKAGING LOCAL RICE IN NIGERIA (A CASE STUDY OF BIDA, NIGER STATE)
ORKUMA, A. I. (HNDBAM/015/416) ATTAHIRU UMAR (HNDBAM/015/418) MAMMAN, Z. N. AND WINIFRED WODU TSADO,
Department of Business Administration and Management Studies, Niger State Polytechnic, Zungeru, Bida Campus
Rice as a farm product has been a potential income generation crop for farmers in rural communities. A sample of 56 respondents, who are both from the farming sectors and rice milling sectors were selected from Badeggi community of Bida, Niger state. Data were collected with the aid of structured questionnaire and personal interview. The data were analyzed using random selection method. The result also shows that government extension services contribute a lot to productivity, development and profitability of local rice. The study further revealed that local rice processors in the community make use of local and primitive equipment for their production process which leads to high cost of or with low quantity of quality output. It was discovered that farmers were willing to increase their production but were short of funds to acquire improved rice seedlings, machines and to adopt new method of processing rice. The study recommend that government through it various extension workers should continue to educate and support farmers, provide them with improved varieties of seedlings and also grant them loans to adopt modern methods of processing, packaging and to assist in encouraging private sectors and individuals to invest more in agriculture especially local rice to boost their production.
KEYWORDS: Rice, packaging, processing, workers, farmers, community, crop and Rural
THE INFLUENCE OF TRAINING ON EMPLOYEE PERFORMANCE
*KAUMI ALKALI KALLI **MOHAMMED ALH. YUSUF: *** ADDA GANA BUKAR
*Department of Industrial & Labour Relations, Ramat Polytechnic, Maiduguri, Borno State, Nigeria **Department of Business Education: Ramat polytechnic, Maiduguri *** Department of Industrial & Labour Relations, Ramat Polytechnic, Maiduguri, Borno State, Nigeria
Employee is a lifeblood stream of numerous job-related organisation. The success or failure of the any organisations depends on its employee performance. Hence, top management realized the position of capitalising in training and development for the sake of improving employee performance. This conceptual paper aimed at studying the effect of training on employee performance and to provide suggestion as to how organisations can improve its employee performance over effective training programs. The study method adopted for the study conforms to qualitative research, as it reviews the literature and multiple case studies on the significance of training in enhancing the performance of the workforce. Further the paper goes on to analyse and understand the theoretical framework and models related to employee growth through training and development programs, and its effect on employee performance and on the basis of the assessment of the current evidence of such a relationship, offers notions for the top management in form of a checklist, appropriate for all organisations, to measure the employee performance and to find out the true cause(s) of the performance problem so the problem could be solved in time through desired training program. The study in hand faces the limits as there are no adequate indications to link directly the relationship between training and employee performance. Henceforth, there is a need for conducting an empirical study in future to test the proposition discussed in the study The review in hand provides brief overview of the literature about training effectiveness and how it contributes in enhancing the employee performance and ultimately concludes along with recommendation to spring directions for future research by applying different level of analysis on exploring the influence of training practices on employee performance.
KEYWORDS: Training, Employee performance.
ROLE OF FINANCIAL STATEMENT IN INVESTMENT DECISION MAKING.
ALHAJI KAWUGANA, AYANWUYI JOHNSON & FARAYOLA AYO ADE
Federal Polytechnic P.M.B 0231 Bauchi, Bauchi
This paper examines the role of financial statement in investment decision making. The general objective is to ascertain the role of financial statement in investment decision making. Data for this study was collected from both primary and secondary sources. The data from primary sources was collected by the use of questionnaire and interviews. The questionnaire data was analyzed vide the use of statistical technique of percentage calculation. The study will be based on survey and questionnaire will be used to gather information. There is a total population of 70 personnel but the sample size is 60 using Taro Yamane’s formula. The methods used in analyzing this study are simple percentage and chi-square and secondary sources from newspaper, journals. It was discovered from the test of hypotheses that financial statement is relied upon in investment decision making and financial statements are useful for forecasting company’s performance. Based on the findings it was reveals that financial statement plays a vital role in investment decision making and recommends that no investment decision should be taken without the consideration of a company’s financial statements.
KEYWORDS: Financial Statement, Investment, Decision Making, Ascertain, Company, Forecasting
ENVIRONMENTAL FACTORS AS A DETERMINANT FOR GREEN PROCUREMENT OPPORTUNITY EXPLOITATION BY SMALL AND MEDIUM ENTERPRISES IN NIGERIA
REBECCA OLUFUNKE OLUTOYE PhD
Department of Purchasing and Supply (CBMS), Kaduna Polytechnic.
Organizations worldwide are making efforts to manufacture and purchase products and services that are less harmful to the local and global environment. Many of these small and medium enterprise’s (SMEs) are working to improve the environment performance of their operations products and services; green procurement is therefore vital to the economic growth of every nation in the world and has been a logical extension of this work. The study presents how green procurement is used by them as a means towards improving their product and operations from environmental perspective to reduce risk, total cost of ownership and improve supply chain performance. The study intends to initiate a program to build the capacity of SMEs to manufacture products that can be termed eco-labeled products. SMEs must however first know what green procurement and green buying means and the business opportunities available in what is ignorantly neglected as waste. The study adopted an exploratory approach using a descriptive survey which was conducted in Kaduna state of Nigeria. The survey was stratified into sub –sectors that were sampled which are agro-based, chemical, construction and engineering. The target population was 1,279 who are registered with Federal Ministry of Commerce and Industry, Kaduna. All analysis was conducted to obtain final result of the study sample of 120 registered SMEs drawn from the target population in Kaduna state. Also, the target population was grouped into the manufacturing industry, trade and services. Statistical analyses were conducted with the help and data from Kaduna Chamber of Commerce and Industry (KADCCIMA) to calculate the descriptive statistics and inferential statistics.
KEYWORDS: Environment, Green procurement, supply chain, Small and Medium Enterprises.
SURVEY OF CONSUMERS’ PERCEPTION OF THE QUALITY OF SOME SELECTED MADE-IN-NIGERIA GOODS IN BIDA METROPOLIS, NIGER STATE
HARUNA, T. MOHAMMED, USMAN, B. UMAR & MUSTAPHA, N. MUSTAPHA
Department of Business Administration, Federal Polytechnic, Bida.
The study investigates consumers’ perception of quality of some selected made-in-Nigeria goods. A sample of eighty respondents was taken with a total of eighty (80) questionnaires administered to them while seventy-four (74) were answered and returned. Hypothesis of the study was tested and analyzed using Analysis of Variance (ANOVA). Results of the test showed that there is high positive (P-value=0.000) relationship between the constructs of consumers’ perception of locally made goods and their respective quality. The study recommends among other things that producers of locally made goods in Bida, Niger State and Nigeria at large should augment on continuous basis, the quality levels of their products, reduce their prices and make available more products to have a competitive edge over imported ones in the market.
KEYWORDS: Consumer, Perception, product quality, locally made goods, Made-in-Nigeria Goods
ASSESSMENT OF THE EFFECTS OF MANAGING WORKPLACE CONFLICTS AND ORGANISATIONAL PERFORMANCE
*SANI MUSTAPHA KURA **MOHAMMED ALHAJI YUSUF ***KAUMI ALKALI KALLI
*Department of Social Services, Ramat Polytechnic, Maiduguri **Department of Business Education, Ramat Polytechnic, Maiduguri ***Department of Industrial & Labour Relations, Ramat Polytechnic, Maiduguri
Conflict is a statement process and inevitable consequence of transactional relationship manifesting in disagreement and conflict with and between people and groups in the work situation. In an attempt to explain the nature of conflict, many scholars have postulated theories to guide in the understanding of conflict. Conflict in organisations sometimes could be counter-productive; therefore, thoughtful managers must consider how much time, effort, and money they are investing in such conflict, and whether they are dealing with it as well as they can. Before we can manage conflict, we must manage ourselves. to be able to create a dialogue aimed at resolving the conflict, we need to understand the root of the disagreement. Among the common causes of disagreement are differences over goals, interests or values. In this situation, workplace conflict is a fact of life in any organization as long as people will compete for jobs, power, recognition and safety. If not properly managed, conflict in the workplace can become a complex matter having damaging effects on the organisation’s employees’ physical, emotional, and mental wellbeing rising into unmanageable statures, thus harming the mission and goals of an organisation Therefore, organisation is not to overcome or resolve all conflicts, but to manage in order to enhance and not to undermine from organizational performance. The most vital conflicts are the ones that, when managed well, lead to positive results in teams are the ones in which people feel personally invested in their positions or are transporting something of themselves as human beings into the contact.
KEYWORDS: Conflict, Workplace, Strategy, Performance
EFFECTS OF CORPORATE SOCIAL RESPONSIBILITY ON THE PERFORMANCE OF SOME SELECTED CONGLOMERATES IN NIGERIA
1OLATUNJI, TUNDE EZEKIEL 2DAUDA ADAMU ABUBAKAR & 3ADAMU, MOHAMMED RABIU
1&2Directorate of Academic Planning, Nigeria Institute of Leather and Science Technology, Zaria 3Directorate of Leather Technology, Nigeria Institute of Leather and Science Technology, Zaria
The study examined the impact of corporate social responsibility on the financial performance of Quoted Conglomerates in Nigeria. The research design adopted by the study is correlational and the population constitutes of the eight (8) conglomerate companies quoted on the Nigeria Stock Exchange as at 31st December 2011. Due to the data availability of the companies and the fact that they are few in number, the study uses census approach. The study uses secondary data and the instrument used for the collection of the data is documentation. The data used are extracted from the annual reports of the conglomerates, NSE factbooks and Daily official lists of the NSE official lists of the NSE. The data is for the period of 6 years ranging from 2010-2016. The study used Multiple Regression Model as the techniques of analysis using SPSS 20 software. The study found that two of the independent variables (i.e. ER and CP) have significant positive impacts and other one (i.e. EMS) negative impact. In line with the findings of the study, the study concludes that corporate social responsibility plays a significant role on the profitability of conglomerates in Nigeria. Given the fact that corporate responsibility leads to profit realization, management of conglomerate should ensure that the responsibility is inbuilt into their policy statements and back it up with effective budget.
KEYWORDS: Corporate Social Responsibility, Financial Performance, Conglomerates, Social Performance, Environment
THE IMPACT OF ENTREPRENEURSHIP DEVELOPMENT IN TERTIARY INSTITUTIONS IN NIGERIA
*OMOROGIEVA, AGBONMWANRE. ANTHONY, **ARIYO IGBEKELE ANTHONY, ***FRED ITOTAZIBA SUNDA & **ASUQUO, ANIETIE. OFFONIME
*Coordinator, Department of Business Administration and Management, Federal Polytechnic Ukana, Akwa Ibom State, Nigeria. **Department of Business Administration and Management, Federal Polytechnic, Ukana, Akwa Ibom State, Nigeria. ***Department of Accountancy, Federal Polytechnic Ukana, Akwa Ibom State, Nigeria.
This paper examines how the development of entrepreneurship in tertiary institutions provide internal generated revenue (IGR).Most tertiary institutions in Nigeria have set up entrepreneurial centre’s across the country with the aim of generating internal funds in order to use in assisting government to finance the holistic entity of institution therefore, entrepreneurship development adoption across schools is to serve as relief to government expenditure, creating of jobs and the fostering of infrastructures and social amenities. This paper explain the needs for business development through entrepreneur centers as internal generated revenue in higher institutions, in a way of inculcating these skills in school curriculum an impacting the ideology on the students at various times, by so doing the students will have great zeal for self-employment. With the government focusing on entrepreneurship development in our tertiary institutions, one hopes that the next generation of Nigerian youths would not depend on what government can do for them to make a living but what they can do for themselves and contribute to the nation’s economic growth. The source of this paper is coin strictly on literature review from authors across the globe. The paper therefore concludes that all necessary logistics for adequate internally generated revenue must be put in place by the adoption of entrepreneurship development in tertiary institution in Nigeria.
KEYWORDS: Entrepreneurship, Development, Impact and Tertiary Institution
HUMAN RESOURCE MANAGEMENT AND EMPLOYEE PERFORMANCE IN THE HOSPITALITY INDUSTRY IN PORT HARCOURT
NYONE CLIFFORD BARITULE & EKOH SUNDAY N.
Department of Office Technology, Faculty of Management Sciences, Ken Saro Wiwa Polytechnic, Bori, Rivers State
Human resource management plays an important role to ensure the availability of right people for the right position and guiding them to achieving successful organizational outcomes. The purpose of this study was to study the relationship between human resources management practices and employee performance in hotel industry in Port Harcourt. The sample of this study was the 216 employees of five star, four star, and three star hotels in Port Harcourt. For this purpose survey method was used by questionnaire as instrument for data collection. For research method, Statistical Package for the Social Sciences (SPSS, Version 20) was used to analyze data. In this study, correlation analysis method is used to analysis the correlation between independent variables and dependent variable. The research results have shown that hotels in Port Harcourt have high implementation in human resource management at current stage. Meanwhile, job security, salary increase, financial reward and promotion significantly influence employee performance. Furthermore it was found out that employee supported company policies that ensured that employee efforts are supported by management. This study, in conclusion emphasizes the need for hotels to exercise fair reward and motivation systems for their staff to promote their performance.
KEYWORDS: Human Resource Management, Employee Performance, Hospitality Industry.