Purpose – The purpose of this paper is to examine the effect of new product on growth of emerging businesses (EBs) through sales volume and market share. Design/methodology/approach – The study surveyed 137 EBs in Kwara State. Two hypotheses were formulated and tested using correlation and regression analyses. Findings – Results show that service industry is dominant among EBs while the manufacturing industry trails. Many EBs are aware of the complexities of new product, its development and contribution to increasing sales volume, market share and ensuring competitive advantage with apparent infrastructural deficiencies. Test results show that there is a significant positive relationship and effect on sales volume and market share. Originality/value – Encouraging EBs to step up and focus on improving product/service portfolio to transform their fortune is explored giving focus to the benefits of increasing sales volume and market share.
Purpose – The purpose of this paper is to assess Nigerian students’ level of awareness of the tripartite accounting (TA), unmask the ills of the propaganda for professional practice as the core of the accounting profession and emphasise the TA. Awareness of the fact that the frontiers of accounting is increasingly expanding beyond professional practice is inchoate in Nigeria. The role of accounting extends further to research and policy formulations for governments and corporate organisations, as it assumes a multi-dimensional sine qua non for reporting, budgeting and budgetary control, environmental impact measurement, forensics and other socio-political and economic policy measures. Design/methodology/approach – Questionnaires were administered to 100 final-year students from the Department of Accounting in Bowen University, Iwo. Findings – There is unilateral stereotype of the profession always tending to practice as the core of the accounting profession; there is little awareness of the benefits of undertaking research and/or policy-based accounting, limiting students’ focus to becoming only professional practitioners, which results in low number of senior academics in the field of Accounting evident in most tertiary institutions and the evident inadequacies of Nigeria’s standards-setting and policy-making systems and mechanisms. Originality/value – Tertiary institutions should be the “place of orientation” for the TA, nurturing and developing students’ interest, hence, the strong proposal for balancing TA through clamour for institutional interrelationship to ensure effectiveness, efficiency, progress and sustainability of the profession.
The COVID-19 pandemic brought with it a significant effect on professional associations’ ability to carry on their normal activities in forging professional competence among their members. We assess Nigerian professional accounting and finance associations’ response and coping pattern as well as readiness to sustain members’ professional competence in an emergency. Using a two-pronged approach, we reviewed activities – response and coping patterns – of professional associations in Nigeria. First, we crawl their online presence (websites and social media handles) for activities relating to initial and continuing professional development. Secondly, we administered a questionnaire to aspiring professionals and professionals to understand from an insider point of view the activities of their professional association in sustaining their professional competence. Aspiring professionals and professionals believe their professional associations can guide them through the pandemic and emerge stronger, however there are mild concerns. We also found that Zoom is the application of choice for virtual events among professionals in Nigeria. The paper provides evidence-based realities among the major accounting and finance-based professional associations, giving insight to inform policy and strategy going forward.
Purpose The purpose of this study is to explore the strength and value-relevance of social capital in an entrepreneurial ecosystem. Entrepreneurial ecosystem (EE) provides a new perspective to explaining the configurations and interactions that shape entrepreneurial outcomes in regions. Research on the nature of interactions in EEs is still an ongoing debate. The authors draw from “organisational fields” studies to critically examine the interactions among actors in a non-transparent EE using the case of the Lagos region. Design/methodology/approach The methodology is based on a qualitative study of 40 semi-structured interviews with various ecosystem actors in the Lagos region, including financiers, government officials, universities, founders and venture capitalists. Additionally, data from the semi-structured interviews were triangulated with data obtained from a two-day focus group discussion Summit where Lagos’ EE issues were raised. This study analysed both data using thematic analysis. Findings This study suggests that in a non-transparent EE, four types of interactions are apparent: collaborative, stratified, clustered and unleveraged. Authors argue that in a non-transparent EE, there are blockages and distortions in the flow of resources to entrepreneurs and a higher proportion of entrepreneurs are unable to plug into the ecosystem to extract value for their businesses without a strong social capital. Practical implications The authors argue that entrepreneurs require deliberate effort to improve structural and relational social capital to plug into their ecosystem to extract value for their businesses. Originality/value The focus on interaction in a non-transparent EE is a novel approach to studying interactions within EEs. In addition, the study is an early attempt to explore entrepreneurial interactions within the Lagos region.
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