Table of Contents

Impact of Sales Promotion Strategies on Product Patronage (A Case Study of Chuppet Supermarket, Ilorin)

Zubairu I.T., Idaomi T.O. and Azubuike A.S.                                                                            1 – 13

The Role of Co-operative Societies in the Purchase and Distribution of Consumer Goods (A Case Study of Senstaf Co-operative Society Ltd., Bida)

Babalola, A.O., Odebiyi, I.I. and Abdullahi, F.H.                                                                       14 – 28

Inflation and Money Supply in Nigeria

Bamidele, T.B and Joseph, A.I                                                                                                  29 – 44

Micro Financing as a Tool for Poverty Alleviation (A Case Study of Brass Microfinance Bank Limited Bida)

Babalola, Adesola O., Zubairu, Ibrahim T. and Muhammad, Hamisu .S.                                 45 – 60

Relationship Creation among International Private Enterprises: The Case of Nigeria and Asia

Ogboru Justinah and Edafe Joel                                                                                              61 – 79

Entrepreneurship, Small Business Creation and Economic Development: Business Education Perspective

Etokeren, M.S.                                                                                                                          80 – 89

Positive Aspects of Conflicts in Organisations

Dibie, V.M., Dibie, G.A. and Ekezue, H.M.                                                                                 90 – 96

Positive Aspects of Conflicts in Organisations

¹DIBIE, V.M., ²DIBIE, G.A. AND ³EKEZUE, H.M.

¹Department of Marketing, Michael Okpara University of Agriculture Umudike, Abia State, Nigeria.

²Department of General Studies, Nasarawa State Polytechnic, Lafia, Nigeria.

³Department of Business Administration and Management Technology, Delta State School of Marine Technology, Burutu – Nigeria.

E-mail: v.dibie@yahoo.com, v.dibie@gmail.com, ekezumadu@yahoo.co.uk

ABSTRACT

The paper focussed on benefits derivable from conflicts in organisations, through their proper management. The major objective of the paper among others was to determine the role of organisational conflicts in strengthening group cohesiveness, through the application of the positive aspects of conflicts in decision making. The methodology adopted in the study was the library/desktop approach, which involved extensive consultations of secondary data, based on the theoretical nature of the paper. The conclusion of the study was that, conflicts have positive aspects, which can only be discovered by organisational members, by coming together to analyze and address the conflict situation with a view to getting the best from the positive aspects. Recommendations given at the end of the paper were: Organisations should see work place conflicts as natural developments and think of their positive aspects and develop strategies to gain from same with reasonable effort put in place to minimize their negative aspects rather than dwell on them. Also, Organisations should confront conflicts with objective mind-set with a view to addressing them and getting the best from their positive aspects rather than avoid them. Finally, Organisations should see work place conflicts as a learning field capable of improving quality of decisions, stimulating involvements in discussions and building stronger workgroups rather than allow them cause disintegrations among workgroups.

Entrepreneurship, Small Business Creation and Economic Development: Business Education Perspective

ETOKEREN, M.S.

Department of Business Education

College of Education, Afaha Nsit, Akwa Ibom State, Nigeria.

E-mail: nikerous@gmail.com

ABSTRACT

Descriptively, entrepreneurship is noted as that aspect of education which acknowledges that society is here and now and not something in the future. Entrepreneurship education curriculum exact in the trainees sense of industry that will integrate them into the society and elicit in them the responsibility to appreciate that wealth is never from the blues but something worked for and accumulated in free but limited social participation in the society of work. Consequently there exist inextricable linkage between entrepreneurship education, small business creation and economic development. The core concept of entrepreneurial education is to fit trainees into the world of work that would, in concrete terms, translate into meaningful relationship between the trainee’s self-worth, and robust social relationship. All of these are critical precursors to the trainees’ socio-economic and socio-political impetus in the society. This in effect prevents alienation of the trainees from the society and alienation is the crux to social and economic dislocation that thwarts peace, social and economic development of any given society. However there exist litanies of challenges that impede the development of entrepreneurial education which need to be surmounted. These include among others; government policies, environmental and social factors as well as lack of adequate skilled manpower in our various educational institutions. This paper proffers ideas considered appropriate to mitigate these challenges and subsequently concludes that entrepreneurship, small business creation are critical to economic development of any society.

Relationship Creation among International Private Enterprises: The Case of Nigeria and Asia

¹Ogboru Justinah and ²Edafe Joel

¹Department of Home Economics, Adeyemi College of Education, Ondo State, Nigeria.

²Department of Economics, Adeyemi College of Education, Ondo State, Nigeria.

E-mail: ogboru2020@yahoo.com, edafejoelo@yahoo.com

ABSTRACT

In this study, the dynamics in relationship creation by medium scale businesses in Nigeria and Asia was examined. Both statistical and econometric tools were employed to determine the extent and pattern of this relationship. The research revealed a number of important general findings in each of the broad areas of business-customer strategy and internationalization being investigated, but also identified a number of interesting differences in response between Nigerian-owned and Asian-owned firms operating in Nigeria. It appears that private small enterprises’ international relation is not a one-off autonomous action but a real process, permanently calling upon external resources.

Micro Financing as a Tool for Poverty Alleviation

(A Case Study of Brass Microfinance Bank Limited Bida)

¹BABALOLA, ADESOLA O., ²ZUBAIRU, IBRAHIM T. AND ³MUHAMMAD, HAMISU S.

^{1, 2 &3}Department of Business Administration and Management

The Federal Polytechnic, Bida, Niger State, Nigeria.

E-mail: michaelolalekanadeoti@gmail.com, dessybjay@yahoo.com   

ABSTRACT

This research work is concerned with the study of micro financing as a tool for poverty alleviation which aimed at assessing the level of micro finance banks’ operation in the state through poverty alleviation programs. The method employed in this study is descriptive survey method which involves collecting data from the staff of Brass Micro Finance Bank through questionnaire. Based on the research conducted, the findings revealed that micro finance institutions are regarded as the main source of funding micro enterprises in the rural areas of Niger State and that it serves as a means of reducing unemployment rate among graduates in Bida metropolis. This study therefore recommended that Government should institute more poverty alleviation programs in the state and federal government policies (through the CBN) towards the growth and development of micro finance banks should be implemented with all seriousness.     

Inflation and Money Supply in Nigeria

BAMIDELE, T.B AND JOSEPH, A.I

Department of Economics

Ajayi Crowther University, Oyo, Oyo State, Nigeria.

E- mail: timothydele@yahoo.co.uk, toy4kuns@yahoo.com

ABSTRACT The objective of this paper is to examine the relationship between inflation and money supply. Based on the Quantity Theory of Money (QTM) model by Irving Fisher, we have used the OLS estimation techniques and the Chow test to empirically investigate the proposition and to test for the structural significance. In testing for the relationship between inflation and money supply we used two models, M1 (Narrow Money Supply) and M2 (Broad Money Supply) model. The innovation of this study is that we divided the study period into pre Structural Adjustment Programme (SAP) and since SAP. Our basic result indicates that there is a strong correlation between inflation and money supply and that inflation and money supply have a significant impact on the Nigerian economy. However, the chow test result rejected the hypothesis that there is a significant difference between the two periods. In general there is a stronger correlation between inflation and broad money supply (in the second model); therefore, we concluded that it is a better estimate of

The Role of Co-operative Societies in the Purchase and Distribution of Consumer Goods

(A Case Study of Senstaf Co-operative Society Ltd., Bida)

¹BABALOLA, A.O., ²ODEBIYI, I.I. AND ³ABDULLAHI, F.H.

^1&3Department of Business Administration and Management

²Department of Marketing

The Federal Polytechnic, Bida, Niger State, Nigeria.

E-mail: ahabibatfunmi@yahoo.com, itunuiyabo@gmail.com

ABSTRACT

A cooperative society is an enterprise in which individuals voluntarily organize to provide themselves with goods and services via democratic control and for mutually shared benefits. This research is designed to unveil the role played by cooperative society in the purchase and distribution of consumer goods. The total population of Senstaf Multipurpose Cooperative Society Limited as at the time of conducting this research was five hundred and fifty two (552) while 40% of the population constitutes the sample size i.e.220 members. A total of 220 questionnaires were administered to the respondents but 148 copies were retrieved. Responses of respondents were analyzed and interpreted using statistical package for social sciences (SPSS) to reflect the views of respondents and Chi-Square used to test the hypotheses. The researcher discovered that the cooperative society has improved economic well being of members by providing goods and services at cheaper rates to improve standard of living of the members and the general public. It is a major vehicle for a nation’s industrial development. However, inadequate financing by members due to management interference and delay in remittance of cooperative deductions by the management of the institution hinder smooth running of the cooperative. It is recommended that sound finance is necessary for the cooperative success, so efforts should be intensified to obtain all remittances due to the union. The paper concludes that necessary measures have to be taken to make the cooperative society function more effectively in all ramifications to improve productivity and the economic well being of the cooperators.

Impact of Sales Promotion Strategies on Product Patronage

(A Case Study of Chuppet Supermarket, Ilorin)

¹ZUBAIRU I.T., ²IDAOMI T.O. AND ³AZUBUIKE A.S.

^{1, 2 & 3}Department of Business Administration and Management

The Federal Polytechnic, Bida, Niger State, Nigeria.

E-mail: ibrahimzubairu@yahoo.com

ABSTRACT

Promotional activities are controlled, integrated program of communication, methods and materials designed to present an organization and its products to facilitate sales and thus contribute to long run profit performance, hence the impact of sales promotion strategies on product patronage can not be overemphasized. This project examined the sales promotion strategies as a force that inevitably associate with other aspect of promotion applicable to the activities of any organization be it commercial, social or public. A lot of literatures by different authors were reviewed by the researcher. Both primary and secondary sources of data were used in gathering information for this research work, as questionnaires were administered on the entire 12 staff of the supermarket but only 9 filled and returned. In carrying out this research work, the researcher found out that the supermarket kept and maintained its customers over the years because of its sales promotion activities coupled with quality products and personalized services which have led to increase in sales and profitability. However, it is recommended that improvement should be made on research and development because of the high importance of the growth of any firm to adequately know how to compete favorably with its competitors and also to know the need and want of customers.