Impact of Strategic Management on Economic Development in Nigeria


Book Description

Case Study from the year 2020 in the subject Business economics - Business Management, Corporate Governance, , course: Management, language: English, abstract: The study examined the impact of strategic management on economic development in Nigeria: a study of the oil sector. It further probed into how this has impacted on the management efficiency and effectiveness as strategic planning is essential in corporate organisations. Primary and secondary data were used for the study. The study made use of questionnaire to elicit information from employees in the oil sector. Data collected were analysed using descriptive and inferential statistics. The hypotheses were tested using the Pearson’s Product Moment Correlation Coefficient to establish the significance of relationship between the various variables used in measuring performance. The results of the hypotheses revealed that there is a significant and positive correlation between strategic management and economic development in Nigeria. The study therefore, concludes that strategic planning is beneficial to organisations in achieving set goals and recommends that oil companies and other corporate organisations alike, should engage in strategic management in order to enhance economic development in Nigeria.




Strategic Management Practices. Impact on Organizational Performance of Real Estate Businesses in Nigeria


Book Description

Doctoral Thesis / Dissertation from the year 2022 in the subject Economy - Real estate industry, , course: Business Administration and Strategic Management, language: English, abstract: The goal of the research is to look into the effect of Organizational strategic management methods and practices on the performance of Real Estate companies in Nigeria. Real estate organizations are currently in need of strong strategic management methods as well as a defined company direction. This research enlisted the participation of different people from different Real Estate Organizations that cuts across the 6 Geopolitical zones of Nigeria and I was able gathered important information about strategic management in real estate organizations using a quantitative methodology after which the data gathered were duly analysed. Real estate demand has increased and evolved dramatically in recent years in Nigeria, with Lagos and Abuja at the forefront, and many investors believe that real estate investment will continue to be a major source of competitive advantage with good Return on Investment (ROI) over other forms of investments and sectors of the economy. In Nigeria, real estate is regarded as one of the most important and rapidly developing assets and means of investment security with the Nigeria Real Estate market/ sector being adjudged one of the most viable and investors interests in Africa, it plays a major role in the GDP of the country. Likewise, the real estate industry helps in creating employment, lessening poverty, and providing shelter to families and promoting distribution of income in to the economy. This industry, like any other industry is constantly evolving and the drivers for this sector range from the profitability to the changing face of building space complimented by the uncertainties encircling the sector. Despite this, the Nigeria real estate sector continues to lag in fulfilling its fundamental roles due to various factors affecting the sector, which includes, Government policies, Foreign Exchange accessibility, the lack of clear strategy, plan and implementation and right leadership skills to help in growth of the industry among others.







Management and Economic Development in sub-Saharan Africa


Book Description

One of the major challenges facing Sub-Saharan African organizations today is how to effectively manage their resources. Though the importance of effective management of organizational resources is generally acknowledged, published research on the theme is disappointingly scarce. This book hopes to contribute in filling the lacuna. Contributors to the volume, which is the first in a book series from African Journal of Business and Economic Research (AJBER), a peer-reviewed, triennial publication, discuss various management issues in sub-Saharan Africa such as employee motivation, job satisfaction, compensation, organizational commitment, ethics, social responsibility and export management and the interplay between these and the effective management of an organization's resources. They argue that effective management of organizational resources - whether in the public or private sector - promotes efficiency, which in turn enhances the organization's ability to compete. The contributors also offer valuable insights into why many organizations in sub-Saharan Africa are inefficiently managed and offer desiderata for overcoming such challenges.













Perspectives on Industrial Development in Nigeria


Book Description

This book constitutes a critical review of Nigeria’s attempts to achieve rapid industrial development since independence from Britain in 1960. It details the issues, challenges, and hard choices confronted by Nigerian political leadership and highlights the reasons why the country ultimately failed to achieve industrial take-off in spite of its abundant human and material resources. Chapters take a retrospective look at government industrial development policies and programs, including the steel industry, agro-allied and forest-based industries, and the industrial estate development program. The book also discusses tariff and trade policies, incentives and disincentives to foreign direct investment (FDI) in the manufacturing sector, and small and medium enterprise (SME) development. The book concludes with a look at the recent drive towards regional integration as well as the potential impact of the Economic Partnership Agreement (EPA) between the European Union and sixteen countries of West Africa. Providing an exhaustive history of Nigeria’s economic and industrial development, this volume will be of interest to researchers and students of African economics, development studies, and industrial organization, as well as policy makers in both the public and private sectors.




Management in Africa


Book Description

This book offers a comprehensive look at the current literatures and research based on empirical data from across different countries in Africa. It focuses on the work of leading scholars of management in and around Africa and the African Context, exploring whether we can at this point refer to ‘African Management’ as an emerging and distinct stream in the scholarly discourse in management. The main themes are macro and micro issues of Management in Africa, each chapter illustrating the historical or traditional view of Management in Africa versus the newer western business management perspective. This book presents current, in-depth, rigorous research and identifies future research and propositions, enabling scholars and students to gain an in-depth understanding of management as it is evolving and practiced in Africa.




Technological Know-how, Organizational Capabilities, And Strategic Management: Business Strategy And Enterprise Development In Competitive Environments


Book Description

This book explores factors which impact the viability and growth of business enterprises. In particular, the role of entrepreneurship, organizational learning, and business strategy — including licensing strategy — are considered in some detail. It presents fundamental thinking about business organization and provides the conceptual framework that scholars need to understand complex business organization, managerial processes, and competitive strategy.