Quest for Managerial Empowerment towards Managerial Creativity in a Post -pandemic future of Nigeria Banks
1 Inemesit N. Ebito, Ph.D, Department of Business Management, University of Uyo, Uyo, Nigeria
2 Victoria S. Umana, Ph.D, Department of Business Management, University of Uyo, Uyo, Nigeria
3 Victor A. Umoh Ph.D Department of Business Management, University of Uyo, Uyo, Nigeria
Corresponding Author Email: email@example.com
The study is aimed at investigating the quest for managerial empowerment towards managerial creativity in banks in post pandemic future of the Nigerian banking industry. The study had two specific objectives: To investigate how banks’ employees perceive managerial empowerment in a post pandemic future in the Nigerian banking industry and to examine the relationship between managerial empowerment and managerial creativity in a post pandemic future in the Nigerian banking industry. The research design adopted was a survey. The population was made up of 896 permanent staff of the grade of Banking Officer and above. Seven deposit money banks were selected for the study. A sample size of 269 was selected through a combination of Cochran’s formula and Bowler’s model. Data collected were analyzed using regression analyses. The study revealed that bank staff want more managerial empowerment; it also established a significant relationship between managerial empowerment and managerial creativity in the banks in a post pandemic future in the Nigerian banking industry. It was concluded that managerial empowerment plays a pivotal role in enhancing managerial creativity in banks in a post pandemic future in the Nigerian banking sector. It was therefore recommended that managerial empowerment should be considered as useful policy in the Nigerian banking sector for enhanced employees’ creativity.
Keywords: Entrepreneurial Competencies, Business Performance, Small and Medium Scale Enterprises, SME Operators, Nigeria
Globalization Opportunities and Threats to Business Education Programmes in South East Nigeria Tertiary Institutions
Thomas Ekpete Dame
Department of Business Education, School of Vocational Education, Ebonyi State College of Education Ikwo
Globalization is desideratum for extending the frontiers of contemporary business Education Programmes. This study examined globalization opportunities and threats to Business Education programmes in Tertiary institutions in South East, Nigeria using descriptive survey research design. Two research questions and two null hypotheses guided the study. The population consisted of 148 Business Education lecturers in the selected 5 Universities and 5 Colleges of Education that offer Business Education Programmes in South East, Nigeria. There was no sample for the study because the population was not large. A structured questionnaire validated by three experts, two from Business Education and one from Measurement and Evaluation domains were used for data collection. The Reliability of the instrument was computed for internal consistency using Cronbach Alpha statistic. A reliability coefficient of 0.78 was obtained. Data collected were analyzed using mean and standard deviation statistics while t-test statistic was used to test the null hypotheses. The result showed that male and female Business Education Lecturers do not differ in their opinions on the increasing globalization opportunities in Business Education Programmes. The result also indicated that Universities and Colleges of Education Business Education Lecturers do not differ in their opinions on the increasing globalization threats in Business Education Programmes. It was recommended that Federal and State Government should endeaviour to provide adequate ICT facilities in Business Education Programmes in Universities and Colleges of Education in South East, Nigeria.
Keyword: Globalization, Opportunities, Threats, Business Education.
Relative Importance of Entrepreneurial Competencies in the Business Performance of SME Operators in Nigeria
1 Christiana B. Nsien Ph.D, Department of Business Education, College of Education, Afaha Nsit, Nigeria.
2 Michael B. Effiom, Department of Business Management, University of Uyo, Nigeria.
3 Victor A. Umoh, Ph.D, Department of Business Management, University of Uyo, Nigeria.
This study was conducted to examine the relative importance of entrepreneurial competencies in the business performance of SME operators in Nigeria. The study was based on survey research design. Four hundred entrepreneurs selected through Taro Yamane sample size determination formula were administered with copies of questionnaire. The study recoded 72% response rate. It was hypothesized that the elements of entrepreneurial competencies, namely, innovation skill, risk taking, idea generation ability, creativity and ability to envision opportunity would not be significantly related to the business performance of SME operators in Nigeria. Results of test of hypotheses which were based on multiple regression analysis indicated that four of the elements that were significantly related to the business performance of SME operators in Nigeria in their order of importance were risk taking (Beta = 0.579, t= 4.7851, P< 0.05);creativity (Beta = 0.303, t= 2.9417, P> 0.05); innovation skill (Beta = 0.101, t= 2.5874, P< 0.05) and idea generation skill (Beta = 0.483, t= 2.3793, P< 0.05). Based on the findings, it was recommended that since entrepreneurial risk taking skill can determine the business performance of SME operators in Nigeria, it was essential for entrepreneurs to consider acquiring useful skills through relevant exposure in risk taking before venturing into business;; it was recommended that existing entrepreneurs should avail themselves of various business training programs that focus on building capacity in the area of creativity; it was also recommended that entrepreneurs give more attention to business innovation since this influenced their performance The study also recommended that entrepreneurs sharpen their skill in the area of business idea generation as it has an importance impact of their business performance.
Keywords: Entrepreneurial Competencies, Business Performance, Small and Medium Scale Enterprises, SME
Sustainability Issues in Healthcare Supply Chain Management
1 Nsikan John PhD, Logistics and Supply Chain Management Department, European Global School-University Paris,
Garden City Premier Business School Study Centre, Port-Harcourt, Nigeria.
2 Koko Raphael Opubo, European Global School- University, Paris
The last few years have seen substantial increase sustainable supply chain management research. However, issues in sustainable healthcare supply chain management is yet to be fully explored. This paper examines sustainability issues in the management healthcare supply chain. A systematic review of contemporary supply chain management literature was carried out to explore the sustainability issues that healthcare supply chain actors must consider to efficiently manage their supply chains function. From the findings, seven groups of supply chain sustainability issues were identified as follows: 1. Green packaging adherence; 2. Medical waste, water and air pollution; 3. Eco-friendly medical products/materials; 4. Warehouse/medical store space utilization; 5. Community welfare, ethics and regulatory concerns; 6. Management of clinical safety, health and social welfare; 7. Medical supplier flexibility, delivery quality, and supplier cost. For supply chain managers, the issues as found in the literature implies that environmental awareness, social consciousness, and economic prosperity are very important to all stakeholders involved in managing the healthcare supply chain. By exploring the gamut of sustainability issues in the healthcare sector, this study brings a fresh perspective to supply chain sustainability research. Future studies could incorporate both primary and secondary data from health supply chain practitioners with a view towards authenticating the findings.
Keywords: Healthcare Supply Chain, Environmental Sustainability, Sustainable Supply Chain, Green Supply Chain
An Empirical Examination of the Fiscal Decentralization-Macroeconomic Stability Debate in Nigeria.
1 Okumoko, Tubo Pearce PhD, Department of Economics, Niger Delta University, Wilberforce Island, Bayelsa State, Nigeria.
2 Question, Emomotimi McDonald, Niger Delta University, Wilberforce Island, Bayelsa State.
3 Cookey, Ibeinmo Friday PhD, Department of Economics, University of Africa, Toru-Orua, Bayelsa State, Nigeria.
Bearing in mind that fiscal operations at the subnational level has implications on macroeconomic stability with attendant effects on both monetary and fiscal policy implementation, the study investigated the impact of fiscal decentralization on macroeconomic stability in Nigeria using Autoregressive Distributed Lag Bound Test for the period 1981-2019. The study used the ratio of aggregate subnational level revenue and expenditure as proxy for fiscal decentralization and the Misery Index as proxy for macroeconomic stability. Money Supply (M2) and Gross Fixed Capital Formation were control variables used. The results revealed that subnational expenditure and the gross fixed capital formation induces macroeconomic stability while subnational revenue and the supply of money potentially causes overheating and creates macroeconomic instability. On the strength of the results, the study recommends a coordinated use of fiscal and monetary policy measures in sustaining macroeconomic stability with the hindsight that fiscal decentralization can impact growth indirectly through macroeconomic stability.
Keywords: Fiscal Decentralization; Macroeconomic stability; Misery Index; Subnational Expenditure; Subnational Revenue.
Drone Adoption: A Panacea for Marketing Performance Among Quick Service Restaurants in South-South Nigeria
Ezema-Kalu Nnaemeka Bennett
Department of Marketing, Faculty of Management Sciences, University of Port Harcourt, Nigeria
This study is domiciled in the area of Drone innovation adoption, which simply refers to how new ideas of drone delivery spread through an entire social system particularly amongst fast food firms in the South-South Nigeria. The impact of Covid-19 on customer purchase behaviour in fast food firms is an antecedent for this research. As an explanatory survey, we adopted the cross sectional design and employed the Krejcie and Morgan table to determine our sample size of 201 fast food restaurant customers in the study area. Data was analyzed using the multiple regression and the spearman rank correlation to reveal the relationship between variables a significant relationship exist between the dimensions of drone adoption and marketing performance. This study therefore recommends fast food firms to adopt the drone delivery system within a last mile as it has proven cost effective in terms of no smoke emissions, lesser cost of delivery as the delivery man (drones) consumes no petrol and utilizes renewable energy.
Keyword: Drone adoption; Drone innovation; Marketing performance; Quick service restaurant; Renewable energy; Perceived usefulness, Triability.
Economic Diversification and Economic Growth in Nigeria
1 Akarara, Ebierinyo Ayebaemi.
+234 7037892022, +234 8052675672.
2 Ouseibai, Seperegha Godsgift Moses, Department of Economics, Faculty of Social Sciences, Niger Delta University, Wilberforce Island, Bayelsa State, Nigeria
Email: firstname.lastname@example.org, email@example.com.
The study investigated the effect of economic diversification on the Nigerian economy for the period 1981 to 2020.
The variables considered for the diversification include revenue from agriculture, manufacturing and tourism sectors of the economy. While real gross domestic product growth rate was used as the proxy for economic growth. Analysis was done using the Autoregressive Distributed Lag (ARDL) model. Results shows that, there exist a long-run relationship between the diversification variables and economic growth over the period review. The result further reveals that revenue from agricultural sector and manufacturing sector have a positive significant impact on economic growth in Nigeria. While the revenue from tourism sector does not have any significant impact on the growth of the economy. The study therefore recommends amongst others for the Nigerian government to develop both the manufacturing and agricultural sectors of the economy by providing platforms for easy and quick credit facilities to these sectors. This will reduce the over-bearing dependence on the oil sector in the long-run.
Keywords: Economic Diversification, Economic Growth, Tourism Sector, Agricultural Sector, Manufacturing Sector
Intrinsic Motivation and Employees Performance in Nigerian Banks
1 Prof. Tamunonimim Ngerebo-a, Rivers State University, Port Harcourt, Nigeria.
2 Olalekan Kazeen Balogun, Department of Business Administration, Faculty of Business Administration, Garden City Premier
Business School, Port Harcourt, Rivers State, Nigeria.
This study examined the extent to which intrinsic motivation affects the performance of employees in Nigerian banks. Autonomy, mastery and connection were adopted as the dimensions of intrinsic motivation. The study adopted a quasi-experimental research design with 200 copies of questionnaire administered on staff of four banks in Rivers state. T-score, based on the number of banks studied, was used in testing the stated null hypotheses. The study revealed that autonomy, mastery and connection have significant effects on performance of employees in Nigerian banks. The study recommends that bank executives should intensify the employment of intrinsic motivational environment where autonomy, mastery, and connection complement extrinsic reward system established within the organization.
Keywords: Intrinsic motivation; autonomy; mastery; connection; bank performance