The achievement of organisational performance is essential for sustainability and continuous existence of the organisation. Obviously, this is a function of employees that are well remunerated and motivated, thus, it is contingent that compensation management and employees motivation should be aligned with the vision, mission and objectives of the organisation. In doing this, the attainment of organisational performance becomes an easy task and it will also reduce the antecedent negative impact of absenteeism, labour turnover, industrial unrest and non-commitment attitude of the employees. Efficient and adequate compensation management and employees motivation will improve organisational productivity and image of the organisation.In order to attract, hire and retain skilful employees that will ensure the achievement of organisational performance, it is therefore; recommended that there should be a periodical review of compensation package. It is against the backdrop of the import of compensation and motivation as cooking utensils for organisational performance that this addressed.
This paper focuses on marketing practice of SMEs in Nigeria. The specific key learning objectives of the paper are; to highlight the strategic importance of SMEs in economic development of any economy; to sketch the patterns of Government support programmes for development of SMEs in Nigeria and Past Empirical Studies of SMEs performance in Nigeria; to highlight the importance SMEs for survival and continued growth of Nigeria Economy; to highlight the impact of environmental factors on marketing practice of SMEs; to establish the extent to which marketing practice of SMEs in Nigeria conforms with marketing principles and functions. The Nigeria marketing environment presents features that are quite different from the developed economies and even quite different from other developing countries. There are for examples infrastructural problems that are unthinkable in the context of developed economy. Equally government support programmes for SMEs are poorly managed such that intended results are not obtained. There are attitudinal problem on the part of the SMEs operators and officials of government supervisory agencies. All these have direct and indirect impacts on marketing practice of the SMEs in Nigeria. The paper falls back on empirical studies of the lead author, his post graduate and undergraduate marketing students, on SMEs, to illustrate the marketing practice of SMEs in Nigeria, a developing economy. Conclusions are drawn based on marketing practice of SMEs in Nigeria. The authors call on scholars and writers on marketing functions of SMEs, especially in Nigeria to shift to providing empirical works in their writings on marketing functions rather than the present theoretical considerations. This is because research based findings could be used to improve the marketing practice of SMEs.In summary, the primary purpose of this paper is to present research based findings of the marketing practice of SMEs in Nigeria. The usual focus of authors on marketing practice is the big firms that have made it in the market place. The marketing practice of SMEs is usually assumed. However, the SMEs dominate the landscape of all economies, from developed, developing to underdeveloped. Since marketing is concerned with the creation of customer, and this should be the valid basis for the existence of any business organization. It is important that the marketing practice of the organization that dominates in all economies should be investigated, and understood so as to be able to improve on the practice.This paper is divided into four segments, the literature reviews, summary of the findings on empirical investigation of marketing practice of SMEs by the lead author, then findings of undergraduate and post graduate students supervised by the lead author, this is another way of looking at the marketing practice employed by the studied SMEs. Then follows discussion of the findings in the light of the environment and conclusion.
The increasing trend of frauds, financial scandals, bankruptcies and other related unethical practices have spurred a critical evaluation of the issue of corporate integrity in Nigeria Banking Industry. The degree to which corporate integrity has effects on performance of firms remains unclear because of the predominant theoretical perspective in explaining the positive implications of corporate integrity on orgnaisational performance. Thus, the objective of this study is to evaluate the effect of corporate integrity on organisational performance, with specific reference to banks in Nigeria. The study adopted survey research design. The study population comprised 2,723 knowledge workers of quoted banks in Nigeria. Purposive sampling technique was used to select 337 respondents from the population. The research instrument was validated using content validity test, and the Cronbach Alpha was used to test the internal consistency of the research instrument. Two hypotheses were tested using the inferential statistics (regression analysis). The first hypothesis revealed that procedure compliance systems (internal control mechanism) have effect on organisational effectiveness of banks in Nigeria. The second hypothesis revealed that organisational culture has significant influence on organisational effectiveness of banks in Nigeria. The study recommended among others that banks should formulate and communicate well-thought out ethical and integrity policies that encourage transparency to employees with clearly stated consequences in the case of non-compliance. Also, regulatory agencies should as a matter of urgency evaluate each company in the banking industry with respect to their internal control procedures.
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