3 research outputs found
The Influence of Entrepreneurial Human Relations on Organizational Sustainability of SMEs in Edo State
No full textThe study aimed to evaluate the influence of entrepreneurial human relation on organizational sustainability of SMEs in Edo State. Specifically the study examined the impact of entrepreneurial innovativeness and entrepreneurial competitive aggressiveness on organizational sustainability of SMEs in Edo State. The study adopted the cross-sectional survey research design and data were primarily sourced through administered questionnaires. A sample of one hundred and fifty (150) respondents was conveniently selected for the study. The well filled and retrieved questionnaires found usable for the study were 149 copies out of a total of 150 copies administered. The STATA 16 statistical software was used for analysis of the variables as well as correlation of the variables and regression analysis carried out to test the stated hypotheses. The findings from the multivariate survey linear regression analyses revealed that entrepreneurial innovativeness (Coef. = 0.102, t = 1.77 and P > 0.05) has no significant effect on organizational sustainability of SMEs in Edo State. However, the study discovered that the variable of entrepreneurial competitive aggressiveness (Coef. = 0.562, t = 7.97 and P < 0.05) has a positive significant effect on organizational sustainability of SMEs in Edo State. Based on the empirical findings, we therefore concluded that only the variable of entrepreneurial competitive aggressiveness amongst the explanatory variables can significantly improve organizational sustainability of SMEs in Edo State. Thus, the study recommended that entrepreneurs should continue to explore various training and development programmes that will help develop creative and innovative ideas that instill efficient performance and organizational sustainability. The SMEs should intensify innovative and aggressive competitive effort by working smart, carrying workforces along, active and effective bench marketing, and proper monitoring of operational activities by regulatory bodies as these will ensure sectorial best practices and upsurge level of market share of the SMEs in Edo State, Nigeria
CHOOSING THE RIGHT CONFLICT RESOLUTION APPROACH: ARBITRATION VS MEDIATION
No full textThis study examines the factors to consider when selecting the optimal dispute resolution process for either arbitration or mediation. A comprehensive literature review and conceptual analysis were conducted to understand the defining characteristics, applicabilities, and limitations of both approaches. A series of prior empirical studies evaluating attorney preferences, party satisfaction levels, and program outcomes were also reviewed. The results indicate mediation tends to produce higher satisfaction and perceptions of fairness among disputants compared to arbitration or litigation. However, mediator styles and intervention timing have an impact on mediation's effectiveness. Based on these findings, recommendations are provided to promote early use of mediation and grant parties more autonomy in selection. The research aims to guide organizations and legal professionals towards informed choices between conflict management options tailored appropriately to each dispute's intricacies
NIGERIA'S PUBLIC SECTOR PERFORMANCE AUDIT EFFECTIVENESS: A THEORETICAL APPROACH
No full textOver the past few decades, "value for money" audits also referred to as performance audits have grown in popularity in the public sector. This article investigates the efficiency of performance audits in the Nigerian public sector. It makes an effort to review the numerous writings of work done on the topic by some authors. The article specifically looks at the Nigerian public sector, its governance, and the ideas of performance audit, efficacy of performance audit, and public sector. The paper used a qualitative research design. It was noted that earlier research on the efficacy of performance audit had been conducted in various nations. Studies from Nigeria concentrated on performance auditing as a means of ensuring public sector accountability, its metrics, and the function of the Supreme Audit Institution. They also examined the relationship between performance auditing and the effectiveness of the public sector's budget. However, this study revealed that the Nigerian public sector is plagued by a number of issues that call into doubt the efficiency of performance auditing. In order to increase the efficacy of performance audits in the Nigerian public sector, the paper provided certain recommendations that, if followed by the government, would improve performance audit effectiveness in the sector
