ELECTRONIC BUSINESS, VALUE CREATION AND ORGANIZATIONAL EFFICIENCY IN NIGERIA
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Date
2021-02
Authors
Amoda, M. B
Ishola N.A
Oduntan, O.O
Journal Title
Journal ISSN
Volume Title
Publisher
University of Alexandria, Egypt
Abstract
The study examined the extent to which e-business, value creationand organization efficiency in Nigeria. Four research questions were answered in this study. The study
was conducted in South-West, Nigeria, specifically, in Ogun State among private business organizations. A descriptive survey research design was used. A total of six hundred staff and senior managers ofprivate business organizations (Rite Limited) from Ogun Central Senatorial District were selected as study sample size. Stratified
sampling technique was used in the process ofselecting the sampled. Researchers Instrument tagged 'E-Business, Value Creation and Organizational Efficiency
Questionnaire (EVCOEQ) with .89 as reliability coefficient was used for data collection. Descriptive statistics ofmean and bar-charts were used to answer andpresents
research questions 1 and 2. Research 3 and 4 were answered using multiple regression analysis. The findings revealed that elimination of physical warehouse and store,
customers expansion base, reduction in overhead cost, effectiveness in tackling logistics and enhance effective relationship with the customers were among the
significances of e-business to organization efficiency. Increase in sale outputs for customers, increase in stock value for shareholders, encourage long run investment
capital, ensure access to capital markets, ensure job security and opportunities for staff and ensure greater ability for self-investment fund were among the benefits of
value creation to organization efficiency in Nigeria. There was significantjoint and relative influence ofthe independent variables (e-business and value creation) on the
dependent variable (organization efficiency). About 91% of the variance in organization efficiency was accounted for by the linear combination of the
independent variables (e-business and value creation). It was recommended that the management of private firms should invest more on e-business, train staff on the
benefits of e-transaction and ensure effective service delivery to customers and prompt remittance ofemployees benefits as at when due
Description
Scholarly article
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Citation
Amoda M.B., Ishola N.A. & Oduntan O.O ELECTRONIC BUSINESS, VALUE CREATION AND ORGANIZATIONAL EFFICIENCY IN NIGERIA A Publication of the : University of Alexandria, Egypt 55 Fleming Alexandria