Table of Contents

Rule of Law in Nigeria and Challenges of Good Governance

Beetseh, Kwaghga…………………………………………………………………………………..           1-7

Corporate Social Responsibility: How does it affect the Financial

Performance of Banks? Empirical Evidence from Us, Uk and Japan

Grace Keffas, and  Omiete Victoria Olulu-Briggs………………………………………….          8-26

A Review of Quality Practices in a World-Class Enterprise

Salami, A. O. and Akanbi, T. A……………………………………………………………………………       27-37

Managerial Decision Making in an Organization: A Theoretical Framework

Akanbi, Paul Ayobami………………………………………………………………………………………..       38-52

Organizational Knowledge Management: Survival Strategy for                           Nigeria Insurance Industry

Festus M Epetimehin and Oluwayomi Ekundayo…………………………………………………..      53-64

The Nigerian Entrepreneur and Resource Utilization: A Holistic

Approach for National Development And Social Reconstruction

Oyeyemi Kayode; Omolewa Egor Ese and Ikudayisi Johnson Oladimeji……………    65-69

Meeting the Millennium Development Goals in the Presence of

the Global Financial Crisis: The Case Of Nigeria

Joseph A.I  and Oke M.A…………………………………………………………………………….     70-80

MEETING THE MILLENNIUM DEVELOPMENT GOALS IN THE PRESENCE OF THE GLOBAL FINANCIAL CRISIS: THE CASE OF NIGERIA

Joseph A.I¹  and Oke M.A²

Department of Economics

 Ajayi Crowther University, Oyo, Oyo State

ABSTRACT

This study examines the implications of the economic crises in the achievement of the MDGs in Nigeria. The paper begins with a survey of theoretical issues relating to the origins of the crisis and ends by suggesting policy proposals that would facilitate the attainment of the goals. Result shows that the global economy is facing a crisis of monumental proportions which no doubt will refrain the economy from achieving the goals. The financial crisis cum economic meltdown put under threat not only the prospects for achieving the Millennium Development Goals (MGDs) but raises a real possibility of reversing some of the progress already made in chasing these goals. The study therefore recommends the need to make economic growth more broad-based and employment inducing so as to make a dent on poverty, and for the world trading system to guarantee trade justice such that the world’s poorest countries will stand the chance, with the right support, to set themselves on a sustainable path if the economy must enjoy the basic reasons for the formulation of the MDGs.

Key Words: MDGs, Financial Crisis, Global, Economic growth and VAR.

THE NIGERIAN ENTREPRENEUR AND RESOURCE UTILIZATION: A HOLISTIC APPROACH FOR NATIONAL DEVELOPMENT AND SOCIAL RECONSTRUCTION

¹Oyeyemi Kayode; ²Omolewa Egor Ese and ³Ikudayisi Johnson Oladimeji

Department of Educational Management, Lagos state University, Ojo

Department of Business Administration and Management Technology, Lagos State University, Ojo

Department of Educational Management, Lagos State University, Ojo

yemikay202@yahoo.com; abaste11@yahoo.com; ladiikudaisi@yahoo.com

ABSTRACT

This paper focus on Nigeria entrepreneur and resources utilization, which has become a fundamental issue for national development and social reconstruction. The challenges of this study was as a result of the observation of the low level of resource consciousness and utilization by Nigerian Entrepreneurs, and the misconception of buying and selling to innovation and creativity. Therefore, this study investigated who an entrepreneur is, characteristics that made up entrepreneur, resources that are still in an entrepreneur; Nigerian resources that are still in neutral form and also the need to inculcate the practical skill on entrepreneurship into individual Nigerians, irrespective of course of study. The paper concludes that resources consciousness and utilization will not only create employment for the timing population but also aid in her economic growth, both locally and globally.  Conclusion was reached as well as recommendations proffers.

Key words:  Resource utilization, Entrepreneur, Social Reconstruction

ORGANIZATIONAL KNOWLEDGE MANAGEMENT: SURVIVAL STRATEGY FOR NIGERIA INSURANCE INDUSTRY

Festus M Epetimehin and Oluwayomi Ekundayo

Department of Insurance and Actuarial Science

Joseph Ayo Babalola University, Ikeji-Arakeji

festusworldwide22@yahoo.com and Oluwayomi_aekundayo@yahoo.com

ABSTRACT

The Nigerian Insurance Industry is struggling with knowledge loss resulting from employee turnover like other public or private sector organizations, especially during downsizing of employees or during a period of re-engineering. Costs of recruiting, of lost productivity and training to replace employees can reach huge amount. In the insurance industry, trade secrets, confidential information and valuable ideas are part of the workforce knowledge. A sensitive ethics-related issue is the case of insurance agents leaving the employer, to transfer to a competitor insurance company, while trying to take along as many clients as possible from the old employer. The data and information collected for the paper were mainly through journals, books and observations offered by international organizations and individuals. This paper suggests different methods of minimizing the loss of expertise, customer contacts and product knowledge when key employees leave for another company within the industry. Recommendations such as, documenting invaluable critical knowledge from top experts and key personnel, before leaving the  company, conducting exit interviews, analyzing the work force strengths and encouraging knowledge sharing among the workforce were made to reduce this loss.

Keywords: knowledge management, insurance, ethics, tacit and explicit knowledge

MANAGERIAL DECISION MAKING IN AN ORGANIZATION: A THEORETICAL FRAMEWORK

Akanbi, Paul Ayobami

Department of Business Administration

Ajayi Crowther University, Oyo, Oyo State

E-mail address is paulayobami@yahoo.com

ABSTRACT

Organizations regardless of their types and sizes are bound to take decisions from time to time about their operations .All functions performed in the organization( profit or not for profit) are decision-oriented.   The object of this paper is to highlight the various theoretical backgrounds as regards decision making which sometimes, eventually leads to the achievement of organizational goals and objectives .This paper also considered existent models of decision making and various managerial levels at which decisions are made. The paper was concluded that managerial decision making styles such as participative, consultative and democratic can enhance organizational effectiveness and efficiency.  It was recommended that routine decisions should be delegated, experts’ opinions should be gotten for technical decisions and that all stakeholders should be consulted and carried along during decision making.

Keywords: decision, decision making, managerial decision making styles, problem solving, decision making process

A REVIEW OF QUALITY PRACTICES IN A WORLD-CLASS ENTERPRISE

Salami, A. O. and Akanbi, T. A

Department of Management and Accounting

Ladoke Akintola University of Technology, Ogbomoso, Nigeria

akeemsalami20022002@yahoo.com; akanbitaibatadenike@yahoo.com

ABSTRACT

Enterprises in the business world today are faced with enormous competition from both their immediate and far environments. The whole world is shrinking into a village, which makes it possible for companies to sell their products and services to customers of different race, colour, background and status. Therefore, this paper aim to assess how companies grow into a world class one with their practices that distinguish them from their competitors. Manufacturing and service companies have ways of making themselves distinct by offering their customers satisfying products and services and this in turn, qualifies them for great financial reward and an image that transcends the homeland of these companies. Thus, ,assessing how they do that, via the motivating support of a National Body that spurs them into action, and how Nigerian firms can learn from this formed the bedrock of this paper.

Keywords: Globalization; conformance; circular market, reliability; customer satisfaction

CORPORATE SOCIAL RESPONSIBILITY: HOW DOES IT AFFECT THE FINANCIAL PERFORMANCE OF BANKS?

EMPIRICAL EVIDENCE FROM US, UK AND JAPAN

^a Grace Keffas, and ^b Omiete Victoria Olulu-Briggs

^a Financial Markets Department, Central Bank of Nigeria, Abuja.

^b Department of Banking and Finance, University of Port Harcourt, Nigeria.

ABSTRACT

This paper examines the financial performance of CSR and Non-CSR banks using financial ratios and frontier efficiency analysis. We got accounting information for banks in Japan, US and UK quoted on the FTSE4Good global index from Bankscope database. They include thirty-eight (38) financial and economic ratios based on variables such as Asset quality, Capital, Operations and Liquidity; that captured major scope of financial performance. In addition, we used a non-parametric linear programming technique known as Data Envelopment Analysis to create a piecewise linear frontier that helps to determine the efficiency levels for both a common and separate frontier analysis. First, we find a positive relationship between corporate social responsibility and financial performance. Banks that incorporate CSR have better asset quality; capital adequacy; and are more efficient in managing their asset portfolios and capital. Second, we also find that geographic location regulates the relationship between CSR and FP during economic contraction, such that the relationship differs across relationship and transactional banking models. The findings are to an extent consistent with prior analysis on the CSR-FP link.

Keywords: Corporate Social Responsibility, Financial Performance, financial ratios, frontier analysis, value creation.

RULE OF LAW IN NIGERIA AND CHALLENGES OF GOOD GOVERNANCE

Beetseh, Kwaghga

Library Department

Federal university of Agriculture, Makurdi, Nigeria

beetsekwaghga@yahoo.com

ABSTRACT

Attempts to institute good governance in Nigeria have always proven problematic. It is agreeable that colonial rule imposed a type of governance in the country that was anti-people in nature. By the time the colonialists left, the. local political elites have imbibed the culture of this type of governance that puts premium on gaining political power without considerations to accountability, rule of law and consl1tutionalism This paper argues that there is a deficit of rule of law and good governance in the country today. This deficit can be corrected through a viable and virile civil society, but much is dependent on the role of a qualitative leadership