Department Of Accounting and Business Administration
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- ItemOpen AccessMission Statements and Analysis of their Contents: A study of Some Selected Banks in Nigeria(2005) Olayiwola, P.O.The study is an attempt to identify the components of the mission statements of some vselected banks and also to examine the extent to which these banks fulfil their mission statements. A total of 37 banks' mission statements were analyzed, while 81 copies of questionnaire were administered ‘to eight of them. Nineteen different components were identified while the responses showed that most of the selected banks were making efforts to fulfil their mission statements.
- ItemOpen AccessEnhancing the Role of Entrepreneurship in Creating Active Micro Business and SMEs to Meet the Challenges of Vision 2020(2010) Olayiwola, P.O.; Ogundele, O.J.K.The paper briefly discussed the significant concepts of entrepreneurship, micro-preneur, and entrepreneur and linked them with requisite personal traits for effectiveness in their roles. It highlighted the crucial importance of micro, small and medium scale enterprises to the development of all economies this is backed up with data from an empirical study in Nigeria, at the turn of this century. The roles of the entrepreneur who are the engines of the change in the developmental process are then presented. In addition, a framework for entrepreneur development should focus on the functional, behavioural and environmental methods in the training and the development of the entrepreneurs with the aim of achieving the vision 2020. The paper recommends the need for adequate infrastructural development and a sustainable and virile financial sector that will make the fund available to the entrepreneurs.
- ItemOpen AccessConcession as a Strategic Tool for Ports Efficiency: An Assessment of the Nigerian Ports(American Journal of Business and Management, 2012) Oghojafor, B.E.A; Kuye, O.L.; Alaneme, G.C.This paper examined the problems bedeviling the operations of the Nigerian ports before the concession programme of 2006 and how well the concession has improved the performance of the Ports system. Data were collected through secondary methods such as annual reports, as well as interview and media reports. The content analysis method was adopted in analyzing the data. The findings of the study showed that the concession may for all its worth have been able to earn more income for the government but the Authority has failed to keep its part of the contract agreement especially as it concerns the provision of the enabling environment for port operations; infrastructures were still lacking, dwell time has not substantially reduced and corruption still soared high. The paper submits that the regulators of the maritime system need to do more to ensure that it is not paying lip service to its vision of being the leading port in Africa.
- ItemOpen AccessAppraising the Organisation and Management of Distance Learners' Support Services: A Study of some Nigerian Universities(RETRIDAL Natonal Open University of Nigeria, 2013) Alaneme, G.C.; Olayiwola, P.O.In recent time, great emphasis has been placed on the quality of learner support services provided by distance educators. This is as a result of its recognition as an integral and essential component of a distance learning system. Learner support services guide the learners for self-study and serve as a useful interface between the institution and the learner. It is argued that there may not be a provision of learner support services for distance learners in most dual-mode institutions. This paper reports an investigation of the type of learner support services existing for distance learners' in five dual-mode institutions and the only single-mode institution in Nigeria. The learners' perception of the availability and adequacy of such services in one of the dual-mode universities were also studied. The study used the survey method, which involved the use of self- completing questionnaire and observation. Two staff, each of the universities, making a total of twelve, and two hundred and sixteen students formed the sample size of the study. Frequency tables, as well as percentages, were used for the analysis. Findings showed that support services were available though not adequate. Students suggested areas of interest to be improved upon in the learning support provision.
- ItemOpen AccessIndigenous Management Thoughts, Concepts and Practices: The Case of The Igbos of Nigeria.(Australian Journal of Business and Management Research., 2013-04) Oghojafor, B.E.A; Alaneme, G.C.; Kuye, O.LThis paper examines core values and practices of traditional Igbo culture which have semblance with the modern management approaches and theories. The paper adopted the matching concept method and developed a model of relationship. It argues that the Igbo societies managed their affairs effectively in a manner similar to selected scientific principles and practices of the West even though it was not documented. It also submits that native management structures in advance encouraged the successful adoption of management practices from the western culture. In this paper, Human relations, Teams, Motivation, Management Functions and Decision Making are posited as African and core values of Ndigbo (the Igbos) which supported the movement of management theories in useful direction.
- ItemOpen AccessChallenges of Finance and the Performance of Small and Medium Enterprises (SMEs) in Lagos State.(Developing Country Studies, 2015) Adebisi, S.A; Alaneme, G.C.; Ofuani, A.BThis study examined the challenges of finance as is experienced by business operators classified into micro, small and medium scale (MSMEs), and how this affects their financial performance. The study evaluated the efficiency of the different sources of funds available for the SMEs as well as other non financial factors responsible for the poor performance of SMEs in Nigeria. Given some of the government interventions to solving the issue of credit to SMEs, the operations of the micro finance banks were also evaluated to determine their capacity toward closing the funding gap for SMEs. This study became imperative given the conflicting reasons adduced to why small scale enterprises perform poorly in developing economies including Nigeria There was a need to find out if the major challenge of SMEs is indeed credit using the five divisions in Lagos State as the study area. The useable sample size consisted of 222 returned copies of questionnaire out of the 250 distributed representing 88.8% response rates. Quota sampling as well as stratified random sampling technique was applied in the choice of the five divisions under study and the distribution of the sampling frame; while convenience sampling technique was used to get to the individual respondents. Correlation and one sample t-test was used to test the hypotheses. The study indicated significant statistical difference for sources of funds and in the efficiency of the various sources. The challenge of funds still ranked highest followed by unstable power supply, while micro finance banks were expected to do more to assist the SMEs.
- ItemOpen AccessVocational Training and Small Business Enterprises Intention amongTrainees in Lagos State, Nigeria(Faculty of Business Administration, University of Lagos. Lagos, Nigeria, 2015) Olayiwola, P.O.; Alaneme, G.C.The study examines the extent to which vocational training stimulate small business enterprises intention among trainees in Lagos State Vocational centres. A survey design was adopted; primary data were gathered with the aid of a structured questionnaire. 592 copies of questionnaire were found usable. Spearman rho correlation statistical tool was used to test the relevant hypotheses raised in the study. The findings revealed a significant relationship between skills acquisition and intention to start a small business and also a significant relationship is found between perceived intention to start a small business and parents ‘ownership of a small business. The study concludes that skills acquisition and family ownership of business are a strong motivation to start a small business.
- ItemOpen AccessEmployees’ Involvement in Strategic Planning Practices and Effect on Performance of selected Small and Medium Enterprises (SMEs) in Lagos, Nigeria(Faculty of Social Sciences, University of Lagos, Lagos, Nigeria, 2016) Oladele, P.O.; Olayiwola, P.O.; Arogundade, K.K.This study examined the relationship between employees’ involvement in strategic planning practices and performance of SMEs in Lagos, Nigeria. The survey research design was used. The population of the study comprised, 3864 SMEs. Stratified and purposive sampling techniques were used to select the participating SMEs. A total of 550 copies of questionnaire were administered to SMEs owner-managers. Cronbach alpha was calculated based on a pilot study conducted in Ogun State Nigeria, a neighbouring state, in which locus of planning (employees’ involvement) and performance yielded coefficient of 0.93 and 0.89 respectively. Correlation analysis and multiple regressions were used and results showed a positive and significant relationship between employees’ involvement in strategic planning and performance of SMEs, also employees’ involvement is a significant predictor of performance. The study recommended that SMEs owners should encourage employees’ involvement in strategic planning activities while providing opportunities for continuous skills upgrade.
- ItemOpen AccessENVIRONMENTAL CONSTRAINTS AND SMALL SCALE ENTERPRISES START-UP INTENTION AMONG VOCATIONAL TRAINEES IN LAGOS STATE, NIGERIA(2016) Sulaimon, A.A.; Olayiwola, P.O.The study examined possible environmental constraints that may hinder vocational trainees from starting a business of their own. The research design used for the study was survey design. A modified Likert type structured questionnaire was administered to the Lagos state vocational trainees at the various centres within the state. A total of 591 copies of the distributed questionnaire were found useful. Hypotheses raised were tested using Spearman rho correlations. The study revealed difficulty inaccessibility to startup capital and inconsistent government policies, though positive, but does not significantly affect business start-up intention, while epileptic electricity supply is positively and significantly related to business start-up intention. It is therefore recommended that government at all levels need to facilitate accessibility to start-up capital for upcoming entrepreneurs and improve power supply. In addition, there is a need for specific government policies, directed towards encouraging small scale enterprises. For example, the development and establishment of incubating centres for new businesses to enjoy relatively cheaper costs of infrastructural facilities and professional services. Non-governmental organisations can partner with the government to provide these services to small scale enterprises.
- ItemOpen AccessReligiousness and Business Ethical Behaviour of SMEs Owner- Managers in Nigeria: An Empirical Investigation(2016) Olayiwola, P.O.; Sulaimon, P.O.The study examines the extent to which religiousness affect business ethical behaviour of small and medium enterprises (SMEs) owner-managers in Nigeria. The main objective of the study is to investigate the extent to which religiousness affect business ethical behaviours of SMEs owner-managers in Nigeria. The survey research design was used in this study to gather the data used. The primary source of data was used, 144 copies of structured questionnaire were retrieved out of 200 copies administered to the SMEs owner-managers to elicit responses relating to the level of their religiousness measured from three dimensions (involvement, influence and hope) and organisational business ethical behaviour also measured from three dimensions (economic consideration, relationship with employees and relationship with suppliers and contractors). Mean and spearman rho correlations were the analytical tools used to assess the responses and test hypotheses. Results showed a weak significant relationship between religious influence and employees' relationship, while no significant relationship was found among other variables. The mean responses showed extremely high involvement in religious influence and hope. Results also revealed a moderate mean score for all the three dimensions of organisational business ethical behaviour. Based on these results we conclude that religiousness does not determine business ethical behaviour of the owner-managers. The implications of findings are that, religious teachings do not reflect in day-to-day activities of the SMEs' owner-managers, hence religious leaders need to do more to ensure members adhere strictly to religious teachings. The study recommends that society should look beyond religion in order to promote appropriate business ethical environment and government should strengthen the various regulatory institutions established to maintain a safer business environment
- ItemOpen AccessEffect of trainning on the knowledge management processes of business management consulting firms within Lagos metropolis, Nigeria(Osogbo Journal of Management, 2017) Alaneme, G.C.; Chikere, N.AKnowledge sharing and knowledge utilization are knowledge management processes that are vital as they complement training considering the levels of individual capabilities and the dynamic business environment. The issue of whether knowledge gained through training will be eventually shared or utilized among consulting staff; and the willingness to even share or utilize gives cause for concern. Hence it is not clear whether a relationship exists between training and KM processes of sharing and utilization. Therefore, this paper focuses on the effect of training on knowledge sharing and knowledge utilization amongst management consultancy firms within the Lagos metropolis. Three research questions and hypotheses respectively were asked and tested on the subject matter. Self administered questionnaire was retrieved from one hundred and fifty (150) business consulting firms selected using purposive and convenience sampling techniques. Simple regression analysis and Hayes process tool was used to analyze the data. The findings show that training accounts for 11.7% variance in knowledge sharing, and 12.7% in knowledge utilization respectively; in addition, knowledge sharing does not moderate the relationship between training and knowledge utilization. The implication is that the ability and willingness of staff to share knowledge is sparsely influenced by neither training nor the need to utilize gained knowledge
- ItemOpen AccessEmployee Productivity As A Function Of Organizational Climate In Selected Manufacturing Firms In The South-West, Nigeria.(Osogbo Journal of Management, 2017) Obiukwu, F.C.; Alaneme, G.C.This study investigated the role of organisational climate as determinant of employee productivity in the manufacturing sector. Descriptive survey design was employed in the study to elicit responses from the respondents. In order to determine the sample size from the population of 2500 employees in the organizations, Slovin’s sample size formula was adopted at a 95% confidence level and desired level of precision of 8%. A non-probability convenience sampling technique was used to draw a sample of one hundred and fifty (150) respondents comprising employees of PZ Industry, Flour Mills of Nigeria Plc. and Dicon Salt Nigeria, Limited. Relevant data was obtained through the questionnaire. Data were analyzed using the Frequency Distribution Analytical Method. The Pearson Product Moment Correlation method and Chi-Square analysis were used to test the hypotheses. The major findings of this study showed that there is a significant relationship between organisational climate and employee productivity with correlation coefficient of r = 0.450 at a probability (p) < 0.01. Findings also revealed that leadership has a significant effect on employee productivity (Chi-square calculated value 93.77> 26.29 at 0.05 level of significance and 16 degree of freedom). The study concluded that favourable organisational climate or work environment enhances efficiency in production, hence, recommended that the management should be more responsive to physical condition of the work environment such as seasoned tools or machines for improved employee productivity.
- ItemOpen AccessSCANNING TASK AND GENERAL ENVIRONMENTS: A COMPARATIVE EFFECT ON THE PERFORMANCE OF SMES IN LAGOS STATE, NIGERIA(2017) Olayiwola, P.O.; Akeke, I.N.The study examined the relationship between environmental scanning and the financial and nonfinancial performance of SMEs in Lagos State, Nigeria. The survey research design was adopted. The population of the study comprised 3864 Small and Medium Enterprises in Lagos State, Nigeria. Stratified and purposive sampling techniques were used to select the participating SMEs. Results showed a positive and significant relationship between task and general environmental scanning and performance. In addition, task and general environmental scanning jointly predicted the performance of SMEs. It is recommended that SMEs owners should concentrate more on the task environment as it has a more direct effect on organizational objectives. In addition, the size of the general environment is usually large, available staff may not have the competency required and the cost may be too large for SMEs. Hence owner-manager should concentrate efforts on scanning the immediate environment. While an attempt could be made toward outsourcing general environmental scanning information from business research agencies at a reduced cost.
- ItemOpen AccessWORKING CAPITAL MANAGEMENT PRACTICES AND PROFITABILITY IN NIGERIA(2018) Kajola, S.O.; Olayiwola, P.O.; Ekpudu, J.E.The paper investigates the effect of working capital management practices on the profitability of twenty-five Nigerian listed non-financial firms between financial years, 2010 and 2016. Pooled ordinary least squares (POLS) and Random effects generalised least squares (REGLS) were employed as data analytical tools. The result indicates that three of the components of working capital management practices (average collection period, inventory turnover period and cash conversion cycle) have a significant influence on the profitability of Nigerian firms. It, therefore, suggests that proper management of components of working capital is a means by which profitability and shareholders’ value can be increased. The outcome provides empirical evidence that Nigerian firms used aggressive policy as a working capital management practice in achieving organisational success during the period of study.
- ItemOpen AccessReligious commitment and ethical intervention as predictors of ethical business behaviour of future managers in the distance learning institute, University of Lagos, Lagos(2018) Olayiwola, P.O.This study examined religious commitment and ethical intervention as predictors of ethical behaviour of future managers in the Distance Learning Institute University of Lagos, Lagos. A sample of 300 final years students of Accounting and Business Administration who had taken at least a course in business ethics constitute the selected sample from the population of 2800 representing about 10.71% of the population. A self-administered questionnaire was distributed to those that were available in the lecture room. Pearson correlations and multiple regressions were used to test the hypotheses of the study. The indicated a positive and significant relationship between (i) religious commitment and business ethical behaviour (r =0.393, p < 0.01) and (ii) ethical intervention and business ethical behaviour (r = 0.609, p < 0.01) and ethical business behaviour. Combinations of religious commitment and ethical intervention predict the ethical business behaviour of future managers. (R2 = 0.405, F =77.169, p< 0.001). The study recommends that more ethical related courses should be added to the curriculum of future managers, while commitment to religious activity should be encouraged in both academic institutions as well as business organisations.
- ItemOpen AccessRelationship Marketing and Customers’ Satisfaction in the Guaranty Trust Bank Plc: An Empirical Investigation(2018) Olayiwola, P. O.; Cole, A. A.; Kajola, S. O.; Ita, E.U.This study investigated the extent to which relationship marketing (RM) variables predict customers’ satisfaction. It specifically examined the relationship between RM (organisational competence, trust and communication) and customers’ satisfaction. Also, the study analysed the extent to which the relationship marketing predicts customers’ satisfaction. The study adopted a case study approach. A total number of 360 respondents were selected across branches of Guaranty Trust Bank within Lagos metropolis to complete a structured questionnaire. A total number of 310 copies were retrieved, but 250 were found useful. Statistical Package for Social Sciences was used to organise the data. The simple percentage was used for the bio-data and frequency counts, while Pearson correlation and multiple regressions were used to test the hypotheses of the study. The study found a positive and significant relationship between relationship marketing and customers’ satisfaction. Also, RM variables (Organisational competence p = 0.014), trust (p =0.022) and communication p= 0.014)) are significant predictors of customer satisfaction with the estimated regression equation F-Statistic = 79.220, p = 0.001). The study recommended that organisations should ensure the capability of their workforce, build confidence through the openness of all material facts relating to all transactions and ensure time and effective communication among stakeholders.
- ItemOpen AccessPLANNING FLEXIBILITY AND PERFORMANCE OF SELECTED SMALL AND MEDIUM ENTERPRISES (SMES) IN LAGOS, NIGERIA(2018) Oladele, P.O; Olayiwola, P.O.The aim of this study is to examine the relationship between planning flexibility and performance of selected Small and Medium Enterprises in Lagos, Nigeria. The survey research design was adopted. The population of the study comprised 3864 Small and Medium Enterprises in Lagos. The questionnaire was divided into four sections, covering demographic information of the respondents, characteristics of the SMEs, planning flexibility and performance. Cronbach alpha was calculated from a pilot study conducted in a neighbouring state, in which planning flexibility and performance yielded coefficient of 0.88 and 0.89 respectively. The bio-data was analysed with frequency and percentage, while the relevant hypotheses were tested with correlations and multiple regressions. The result shows a positive and significant relationship between planning flexibility and SMEs performance. This implies that the more flexibility the SMEs operators incorporate into strategic planning practices, the higher the level of financial and non-financial performance. It is therefore recommended that SMEs should incorporate flexibility into all areas of the organisation’s processes to accommodate unexpected changes in the environment.
- ItemOpen AccessQuality Control Management and Customer Retention in Selected Manufacturing Companies in Nigeria: An Empirical Analysis(2019-03) Olayiwola, P.O.; Akeke, S.S.; Odusanya, O. M.The adoption of Quality management practices by most organisations has been hampered due to noncompliance with the procedures and principles of Quality control management implementation. Several studies on quality control management and consumer retention have only concentrated on small-scale enterprises in developed countries. This present study seeks to undertake the effect of quality control management and customer retention focusing on the dimensions of employee participation, supplier quality management, higher management commitment and leadership enhancements in quality procedures as a measure of quality control management in selected Medium and large-scale enterprises in Nigeria. The research design is purely descriptive, and data were collected using a cross-sectional survey method from 139 valid questionnaires out of 150. Data collected were analysed with Pearson Product Moment Correlation and multiple regression analysis were used to test the formulated hypotheses. The findings, show a positive significant relationship between high management commitment (r =.659), supplier quality management, (r = .607); employee involvement (r = .619), leadership enhancement (r = 508) and customer retention. The study recommends that firms should devote more resources to quality management dimensions in retaining and more so improve customers’ base of the organisations.
- ItemOpen AccessStrategic Orientation, Knowledge Management and Performance of Telecommunication Sector(2019-06) Akeke, I.N.; Olayiwola, P.O.The study examined the mediating role of knowledge management in the relationship between strategic orientation and firm performance in southwest Nigeria using a data set of 300 customers and 57 managers of the telecommunication firms which include the customer care staff members. The collected data was analysed using mediation analysis. The results indicate that strategic orientation is positively related to performance by 0.37, while knowledge management is directly related to performance by 0.16. On a direct basis, the result shows that strategic orientation has larger effect on performance than the direct effect of knowledge management on performance. The results showed further that the introduction of knowledge management as a mediating variable improves the relationship between strategic orientation and performance by 0.04. The results lead to the conclusion that knowledge management is nearly indispensable in the role of strategic orientation as a necessary factor in the performance drive of firms.
- ItemOpen AccessComparing Learners’ Performance in Distance Learning Institute, University of Lagos, Nigeria(Journal of Global Economics and Business, 2020-10) Iyiegbuniwe, J.C.; Alaneme, G. C,; Reju, C. O.This paper examined the differences in the academic performance of learners in accounting and business administration departments of the distance learning institute (DLI), University of Lagos. The aim is to determine if the accounting and business administration learners outperform themselves in the courses that cut across the two departments. Gender and level performances of the learners were considered to see if differences existed. The interpretive single-case study research approach was used to explore the phenomenon, while secondary data was used as a sample to explore and compare the pass rate of these learners. Two theories - ‘Self-determination theory’ and the ‘theory of performance’ underpinned this work. A three factor analysis of variance (ANOVA) was used to test the hypotheses. From the results, the interactions were not significant, but the Accounting students performed better than the Business students. Gender was not a significant determinant of academic performance, and the performance of learners across the levels did not change over the years. This suggests a need for tutors to pay more and special attention to Business Administrative learners in quantitative courses they take.