Department of Administration and Management

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A Conceptual Framework of Family Business Succession: Bane of Family Business Continuity
(International Journal of Business and Social Science, 2011-10) Esuh Ossai-Igwe Lucky; Mohd Sobri Minai; Adebayo Isaiah Olusegun
Despite the abundant studies that exist on succession in family business there are still many evidence of family business failures, this is due to the fact that the issue of succession and how it affect family business continuity is still yet to be addressed. Hence, studies on how succession leads to family business continuity are very limited and scarce. Therefore, this study explores and examines succession in relation to family business continuity. This study proposes an integrative conceptual model on how true succession could ensure family business continuity.
An Empirical Analysis of Dominant Awareness Levels as Catalyst for Consumer Loyalty in the Automotive Lubricants Industry of Lagos State Nigeria
(Noble International Journal of Business and Management Research, 2017) Kesinro Olalekan Rasheed; Ojo James Olanipekuna
The study examines the empirical analysis of Dominant Awareness Levels as a catalyst for Consumer Loyalty in the automotive lubricants markets of Lagos State, Nigeria. The study adopted the descriptive survey design to examine 2,824,047 vehicle owners registered with the Motor Vehicle Administration Agency (MVAA) between 2003- 2013. Stratified sampling technique was used to draw a sample of 1,890 from the 20 local government areas of the state. Questionnaire was the main instrument for data collection and the simple percentile statistical technique was used for analysis. The study reveals that there is positive relationship between Dominant Awareness Levels and Consumer Loyalty in the auto-lubricants industry and therefore recommends that marketing practitioners should design awareness techniques that clearly enhance consumer loyalty driven by brand awareness in the lubricants industry of Lagos State, Nigeria.
Celebrity Product-Endorsement And Customer Brand Loyalty In Foods Industry In Ogun State, Nigeria
(Mountain Top University Journal of Humanities, Management and Social Sciences, 2023-12) Kesinro Olalekan Rasheed
The study examines celebrity product-endorsement and customer brand loyalty in foods industry in Ogun State, Nigeria. The population of the study was 2,500 from where a sample of 150 individuals, who are consumers of household products and items produced by Nestle Nigeria Plc in Agbara Industrial Estate in Ado-Odo/Ota Local Government Area of Ogun State, Nigeria. The research design used was the survey design while a self-structured questionnaire was the main instrument for data collection. Data analysis tools are Percentages, Correlation and Regression statistical techniques for data analysis. The study revealed that there is a weak positive relationship between celebrity product endorsement and consumer brand appeal (r =0.206, p<0.05), that there is a very weak positive relationship between celebrity overshadowing and consumer purchase intention (r = 0.060, p<0.05) and that there is a weak positive relationship between celebrity trap and consumer brand trust (r = 0.076, p<0.05) among consumers of household products and items produced in the foods industry. The study recommends that marketing practitioners should come up with celebrity product-endorsement strategies and develop capacity to benefit from celebrity endorsed product campaigns to influence purchase decisions. Also design use of appropriate celebrities to avoid celebrity-trap that will guarantee brand trust in the consumer goods markets. Again, that marketing environment should be constantly monitored to enhance brand survival especially in highly competitive consumer goods markets that will enhance customer brand loyalty in foods industry.
Debating Anchor University’s Vision Frameworks as Syntax of Social Semiotics
(Anchor University Journal of Humanities, Management and Social Sciences, 2023-12) Ogunlusi Gbenga; Dalamu Taofeek O
This study examined the meaning potentials integrated in the communicative devices employed to promote the vision of Anchor University, Lagos (AUL). Six different posters, available within the AUL campus, served as the subjects of analysis. In order to deduce appropriate semantic values from the posters, the concepts of Theme/Rheme and Compositional Meaning were mechanisms of elucidating the AUL vision posters. Specifically, Theme/Rheme provided a platform for the analysts to account for the frequencies of the lexemic structures operationalised to fulfil the vision intention. The study revealed the support of: wordings such as ...Raising worthy leaders, Be a responsible member of the AUL community, and Become self-reliant practitioners; and pictures such as young graduates – male and female – and gold medals to entice the public to consider AUL as the option. The communications propagated direct gazes observable in three of the data samples (POS 1, POS 3, and POS 5) analysed in this work. These gazes demand from the audience an choose AUL as the institution of first choice, considering the gazes as compelling viewers to appreciation of the results of the vision’s application on students. The colours of purple, blue, and white – symbols of confidence, intelligence, royal dominance, and holiness governed the communications to illuminate exemplary lives in the AUL community. Thus, as this study has expounded the nitty-gritty of AUL’s vision modes, it could be suggested that scholars could attempt to explain the visions of institutions; such endeavours could exemplify hidden meaning potentials of several institutions’ visions for better understanding of their values, treasures, and principles.
Determinants of Business Success: Trust or Business Policy?
(International Refereed Research Journal, 2012-07) Esuh Ossai-Igwe Lucky; Muhammad Shukri Bakar; Adebayo Isaiah Olusegun
Most times businesses prefer to trust their business partners and customers in achieving success than keeping to the rules and regulations guiding the business activities. Experience has also shown that many businesses claimed to rely on trust to achieve business success, however, business policy seems to play more significant and effective role in achieving business success and keeping the business going. Therefore, the issue of whether trust determines business success better than business policy called for an urgent attention as many businesses relied on trust rather than business policy. In view of this, the paper examines which among one of these factors better determine business success. It examined trust and business policy based on credit and loans perspective. Based on the literature and previous business experience, it was argued that businesses could make better success and prevent the business from death by sticking on their business policy rather than mere business trust which could be injured.
Economic and Financial Crimes Commission (EFCC) As A Strategy For Managing Nigerian External Reserves For Sustainable Development
(IOSR Journal of Economics and Finance, 2013) Onochie Maxwell Prosper; Okafor Chinonye; Faboyede Olusola Samuel
Good governance allows a responsible economic and financial management of a nation’s public and natural resources, for the purpose of growth and development. Nigeria’s ability to make remarkable progress in curbing corruption and instituting pragmatic/workable economic and public sector reforms in the system via anti-corruption activities will give her a chance to achieve sustainable growth and development in the management of external reserves. The mechanisms of Economic and Financial Crimes Commission (EFCC), Independent and Corrupt Practices Commission (ICPC) and due process have been very instrumental in this regard. An empirical survey on the performance of EFCC shows that the agency is a very key strategy in redeeming the battered image of the Nigeria and making her external reserves management skills a successful one in spite of the fact that criticisms have trailed the agency’s activities. The paper concludes that on the overall, the realization of the laudable objectives of good external reserves management will be a mirage if leadership problems of lack of integrity, transparency, corruption, and a travesty/disregard for due process, continue to subsist due to an absence of a vehicle for accountability like the EFCC.
Enhancing Malaysian Entrepreneurship Development Through Information Technology: A Conceptual Framework
(International Journal of Business and Management Tomorrow, 2011-10) Esuh Ossai-Igwe Lucky
Despite the Malaysian government effort directed towards creating and developing effective and successful entrepreneurship particularly through various IT policies, it is observed that many Malaysia entrepreneurial firms and small businesses are yet to fully utilize the benefits offered by IT in enhancing the business activities. Few entrepreneurs have sufficient knowledge in applying IT tools in their businesses. As a result, this paper examines how Malaysian entrepreneurship development could be enhanced through IT.
Environmental Factors And Entrepreneurial Intention Among Nigerian Students In UUM
(Sains Humanika, 2015) Esuh Ossai-Igwe Lucky; Najafi Auwalu Ibrahim
This study examined the influence of environmental factors on the entrepreneurial intention of Nigerian students in UUM. Specifically, the study investigated the influence of environmental support and environmental influence on the entrepreneurial intention of Nigerian students in UUM. A cross-sectional research design with quantitative questionnaire approach was conducted. The study used convenience sampling technique to select 159 participants who provided information on the environmental support, environmental influence and entrepreneurial intention of Nigerian students in UUM. A multiple regression analysis technique was employed for the data analysis. The result of the analysis revealed that neither environmental support nor environmental influence is significantly related to entrepreneurial intention of Nigerian students in UUM. The study concludes that both entrepreneurial orientation and entrepreneurial skill are essential factors required to realize entrepreneurial intention by the Nigerian students in UUM. Discussion on the finding is highlighted and the implication of the study including its limitations is also provided.
Exploring the Role of Entrepreneurship Studies for Economic Transformation and National Development
(Nigerian Journal of Business and Entrepreneurship Research, 2014) Onochie Maxwell Prosper; Eke O. Patrick; Moses Chinonye Love
Lack of right policy initiatives and discipline in the educational system toward producing self reliant graduates seem to be responsible for the high rate of unemployment; increasing graduate unemployability syndrome; low human development index (standard of living) and the "youth budge" syndrome, evidenced in the increasing crime wave. This paper examines the impact of entrepreneurial development studies (EDS) and Nigerian government support of EDSon national development. The paper adopts the ordinary least square (OLS) technique for the analysis and the result identified that there is need for the development of national venture capital and an agency for securitization of such project to support the philosophy of entrepreneurship in Nigeria. Based on the finding of this paper, we recommend that the right policy initiatives and supports should be evolved to develop and drive entrepreneurial capacities and discipline among every Nigerian for National development if Nigeria as a nation wants to become one of the top twenty (20) world economies in 2020.
Exposure Level and Entrepreneurial Networking among Pig Farmers in Badagry, Lagos State
(Wilberforce Journal of the Social Sciences, 2020) Esuh Ossai-Igwe Lucky
The study investigates the relationship between exposure level and entrepreneurial networking among pig farmers in Badagry, Lagos State. Adopting a cross sectional survey research design utilizing a census sampling technique, the entire population of sixty pig farmers located in Badagry was surveyed. A questionnaire was employed to elicit data from the respondents while correlation and regression analyses were utilized to analyze the data collected. The findings demonstrated that: (i) the exposure level does not in any way affect the entrepreneurial networking of the pig farmers in Badagry (p> 0.05; p = 0.167); (ii) exposure level is not significantly related to entrepreneurial networking among the pig farmers in Badagry. The study recommends that entrepreneurial networking be given proper attention to ensure stronger relationship among pig farmers which could enhance economic growth via increase in agriculture and gross domestic product (GDP). The study also offers suggestion for future studies.
Financial Leverage and Firms’ Value: A Study of Selected Firms in Nigeria
(European Journal of Research and Reflection in Management Sciences, 2016) Kesinro Olalekan Rasheed; Adenugba Adesoji Adetunji; Ige Abayomi Akinyemi
The main objective of this study is to determine the relationship between financial leverage and firms’ value, as well as evaluate the effect of financial leverage on firms’ value. A sample of 5 firms listed on Nigerian Stock Exchange (NSE) for a period of 6 years from2007-2012 was used. Data were sourced from annual reports of selected firms. The Ordinary Least Square (OLS) statistical technique was used for data analysis and hypothesis testing. The study revealed that there is significant relationship between financial leverage and firms’ value and that financial leverage has significant effect on firms’ value. The study concludes that financial leverage is a better source of finance than equity to firms when there is need to finance long-term projects. However, various economic factors may have despicable effects on the profitability of Nigerian firms, as such the use of debt financing in such firms may yield negative impact such as bankruptcy as well as low firm value. The study therefore recommends that financial leverage be optimized by firms to aid maximization of firms’ value.
Housing Finance and Mortgage Service Delivery in Lagos State Nigeria
(World Wide Journal of Multidisciplinary Research and Development, 2018) Kesinro Olalekan Rasheed; Oguntuase Ruth Olayemi; Adenugba Adesoji Adetunji
The paper examines housing finance and mortgage service delivery in Lagos State, Nigeria. The descriptive survey research design was adopted while the simple random sampling technique was used to draw a sample of 180 respondents that are senior management staff from the mortgage banks in the state. Questionnaire was the main instrument for data collection, measured on a 5-point Likert Scale. Data collected were analyzed using the descriptive statistical techniques of Percentiles and Pearson Correlation with the aid of Statistical Package for Social Sciences (SPSS) software for editing and encoding. The result shows that there is a strong positive relationship between joint effect of housing finance, housing cost and government housing policy and mortgage service delivery (R = 0.845, p < 0.05). The study recommends that Mortgage Finance Institutions/Managers should recognize that the synergy among all the stakeholders to enhance adequate provision of housing infrastructures across the state and the entire country at large.
Inventing Humour Advertising as a Competitive Paradigm in the Nigerian GSM Industry
(International Journal of Behavioral Social and Movement Sciences, 2014-10) Eleboda Sunday Samuel
The aim of this study is to investigate the advent and growing popularity of humor advertising as a competitive tool for influencing the buying behavior of consumers of GSM services in Nigeria. Following the liberalization of the industry in 2001, there has been an upsurge in the competition among the licensed operators of the industry with a view to gaining significant market share. As a means of pushing a product/service into the consciousness of existing and prospective consumers advertising works on their attention, liking and persuasion to purchase a product/service. Humor advertising has been reported in the literature as a successful means of gaining consumers’ attention, liking, persuasion and action. Primary research method was adopted through the use of questionnaire. The questionnaire was developed to identify the relationship between demographic variables such as age, sex, and education on the effectiveness of humor advertising on consumer buying behavior. A random sample of 100 respondents was selected using multistage sampling procedure. Out of the 100 copies of the questionnaire distributed, 92 (92%) were retrieved. Data gathered were analyzed with the use of tables, charts, percentages and a few inferential statistics including correlation coefficient. Results show that humorous adverts can be used effectively to create affection towards the advertised product/service even in the developing economies like Nigeria. Results also show that gender can significantly influence humor advertising as women appear more likely to be persuaded by humor adverts than men.
Managerial Factors and Management Conflict in Venture Capital Financing in Malaysia
(Canadian Center of Science and Education, 2014) Esuh Ossai-Igwe Lucky; Mohd Sobri bin Minai; Hisham bin Mohammad
The warm venture cooperation built between venture capitalists and entrepreneurs may still be interrupted by the management's conflicts occurred due to various managerial factors. As a result, this study investigates the management conflict in venture capital investments. A cross-sectional study of questionnaire survey research design was conducted in this respect. Questionnaire data was generated from 35 Malaysian venture capital companies located in Kuala Lumpur and Selangor. The questionnaires were distributed through the mailing procedure. Overall, the findings indicate that the managerial factors significantly influence the management conflict. Further results show that managerial factors which consist of Deal Origination and Screening (DOS), Evaluating Venture Proposal (EVP), Contracting and Deal Structuring (CDS), Monitoring and Post Investment Activities (MPI) and Risk Management (RM) significantly influence the formation of management conflict in venture cooperation. Based on the findings, it is inferred that managerial factors does influence the occurrence of management conflict in venture cooperation. Thus, the study recommends that Malaysian venture capitalists give consideration to the managerial factors in reducing or curbing the possibility of conflict to occur.
Mergers and Acquisitions as Impetus for Achieving Customer-Driven Development of the Banking Sector in Nigeria
(International Journal of Behavioral Social and Movement Sciences, 2014-06) Eleboda Samuel Sunday; Aransiola Solomon Yinka
The aim of this research is to assess the effectiveness of mergers and acquisitions in the drive towards creating a Nigerian banking industry that is customer-focused. The research was carried out using a sample of one hundred and twenty (120) respondents comprising of customers of four banks namely: UBA Plc, Skye Bank Plc, GTBank Plc and Zenith Bank Plc. The four banks consist of two that were merged or acquired and two that were able to raise their capital base without mergers and acquisition. A structured questionnaire was administered on the respondents to elicit information on their perception of the performance of the banking industry after it was restructured in 2005.The analyses show that with an overall mean value of 2.89 for banks that merged or acquired, and 3.12 for banks that did not undergo mergers and acquisition, customers of banks that did not merge appear more satisfied than those of the merged banks. They also show that the mean scores for questions regarding interest on loans and advances are higher than 3. These means suggest that customers somewhat agree that improved capitalization has indeed reduced interest on loans and advances. We conclude therefore that the directives given to the banks by CBN to merge or be acquired in order to increase their capital base may have been rightly given as there is indeed an improvement in banking practices as shown by customers’ satisfaction and accessibility to loans and advances. Also, the indirect merger justification of increasing market power has been significantly achieved. Through the mergers and acquisitions, the merged or new banking institutions were better able to compete with similar institutions within their markets both locally and internationally (particularly at the African regional level), and have increased their product sales, and, thus, their gross revenue
Penetration Product Pricing And Consumer Value Perception In Fast-Moving-Consumer-Goods (FMCGs) Markets In Lagos State Nigeria
(Mountain Top University Journal of Humanities, Management and Social Sciences, 2023-12) Kesinro Olalekan Rasheed
The study examined penetration product pricing and consumer value perception in Fast-Moving-Consumer-Goods (FMCGs) markets among consumers of household items and products in Ikeja Local Government Area of Lagos State in Nigeria. From a population of 648,720, a sample of 156 individuals presumed to be consumers of household items/products. The research design is the survey design while a self-structured questionnaire is the main instrument for data collection. Data analysis instruments are Percentages, Correlation and Regression statistical tools for data analysis. The study revealed that there is a significant relationship between penetration product pricing and buyer expectation in FMCGs (r =0.380, p<0.05), penetration product pricing significantly affect brand trust in FMCGs (r = 0.485, p<0.05) and penetration product pricing significantly influence brand image in FMCGs (r = 0.815, p<0.05) among consumers of household products and items. The study recommends that marketing practitioners must design strategies that will enhance capturing and effective management of consumer expectations of their market offerings. They should develop capacity to enhance consumer trust and involvement in their products. Marketing practitioners should also design appropriate pricing strategies that is not at variance with the perceived product values to guarantee brand equity among consumers and constantly monitor the markets to enhance brand survival especially in highly competitive consumer goods markets.
Perceived Risk and Online Shopping Ineffectiveness in Retail Industry of Lagos State, Nigeria
(International Journal for Innovative Research in Multidisciplinary Field, 2018-08-31) Kesinro Olalekan Rasheed; Oyeyemi Sunday Olufemi; Morakinyo Dauda Ayodele
The pace and rate of online shopping is slow in Nigeria despite the rising population of Internet users. The traditional shopping of visiting the store is still the Nigerian consumer culture which seems not to give way for online shopping, especially in developed countries. Research appears insufficient on online shopping on developing countries like Nigeria and limited understanding of the underlying factors that affect its acceptance. The objective of the paper was to examine the perceived risk of online shopping in retail industry in Lagos State, Nigeria. The survey was conducted on 240 stratified sample selected students from the Computer Science departments of the state-owned tertiary institutions in Lagos, Nigeria. The instrument used was validated and a reliability co-efficient value of 0.77 was determined. Findings revealed some challenges militating against adoption of online shopping in Nigeria’s retail industry. These include consumers distrust, security and fraud risk, perceived risk and low level computer literacy. These challenges have led to the slow adoption of online shopping in Nigeria. The study recommends that online shopping vendors should embark on awareness and reorientation to break the entrenched traditional shopping habits of Nigerian consumers; governments should sensitize the general public on the importance and benefits of the Internet adoption government, should partner with the local personal computer (PC) manufacturers to make PC ownership affordable; and should make laws such as cyber-crime law that protect online shoppers.
Project Management Challenges and Difficulties: A Case Study of Information System Development
(International Postgraduate Business Journal, 2014) Esuh Ossai-Igwe Lucky; Ojeniyi Adegoke; Norani Nordin
The successful development of Information System (IS) is not high even with enormous interest and fund committed by organizations on this new technology. It has been revealed that a combination of insufficient and unsuitable project management issues are responsible for this low rate of IS development. This paper presents the findings of the fieldwork and interview conducted on the challenges and difficulties of system development project. The study employed both personal interview and observation methods. The findings revealed that fund, infrastructures (hardware and software), manpower, management commitment, monitoring and inspection were the critical challenges and difficulties faced by organizations during their system development. Therefore, the study concludes that fund, infrastructures (hardware and software), manpower, management commitment, monitoring and inspection play crucial role for an effective system development. Our study recommends that there should be sufficient budget to procure the right system hardware and software for right requirements. Secondly, training of staff for both IS development and management should be given urgent attention.
Re-investigating the effect of individual determinant, external factor and firm characteristics on small firm performance during economic downturn
(African Journal of Business Management, 2012) Esuh Ossai-Igwe Lucky; Mohd Sobri Minai
There have been inconsistencies with regard to the different entrepreneurial factors that influenced firm performance, particularly in normal time. However, during economic downturn or turbulence, it is believed and expected that the three major characters (entrepreneur, environment and firm) in the economy that are actively involved in entrepreneurial activities would be badly and negatively affected. Despite this, an empirical study substantiating these arguments seems to be lacking, particularly in the small business and entrepreneurship domain. This therefore suggests that some of the major influential factors of individual determinant, external factor and firm characteristics in entrepreneurial development and small businesses should be re-investigated in line with the current situation in order to see if they remain significant during economic downturn. Based on this, a cross-sectional study was conducted using a questionnaire survey research design, and data were generated from 182 entrepreneurs or owner-managers of small firms in both manufacturing and service industries. The questionnaires were distributed through drop-off and pick procedure of data collection. The findings indicated that the relationship between individual determinants, external factor and firm characteristics, and firm performance remain significant during economic turbulence.
Relationship between Entrepreneurial Orientation, Entrepreneurial Skills, Environmental Factor and Entrepreneurial Intention among Nigerian Students in UUM
(Entrepreneurship and Innovation Management Journal, 2014-11) Esuh Ossai-Igwe Lucky; Najafi Auwalu Ibrahim
Governments in the developing countries are doing enough to ensure student's engagement in entrepreneurship activities in order to reduce the level of unemployment among graduates. However, among these students lack of entrepreneurial intention is very common. Therefore, this study examined the entrepreneurial intention among Nigerian students in UUM. The study used cross-sectional research design with quantitative questionnaire approach. The study used convenience sampling technique to select 155 participants who provided information on the entrepreneurial orientation, entrepreneurial skill and environmental factor and their connection with entrepreneurial intention among Nigerian students. A regression analysis was used to analysis the data. Overall, the study revealed that both entrepreneurial orientation and entrepreneurial skill have a strong association with entrepreneurial intention among Nigerian students. On the contrary, the finding revealed that the environmental factor is not significantly related with the entrepreneurial intention of Nigerian students. The study concludes that both entrepreneurial orientation and entrepreneurial skill are essential factors required to realize entrepreneurial intention by the Nigerian students in UUM. Limitations and future directions are also discussed in this study.

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