This study investigated the impact of succession management on small and medium enterprises’ (SMEs’) sustainability in Lagos, Nigeria. The study adopted a descriptive survey research method and its participants were selected from five SMEs across Lagos State, based on their number of years of operating, staff strength, and branch locations. The enterprises included Gnakk Enterprises, Dreamville School, Vitus Cosmetics, Osi Ventures, and Chijioke Frozen Foods. The Pearson product moment correlation coefficient was used to analyze the hypotheses, which revealed that succession management had a positive correlation (r = 0.934, p-value < 0.05) with corporate sustainability amongst SMEs in Lagos State, Nigeria. Hence, the study concluded that in respect of strategic recruitment, succession management attracts and assists to retain a high performing skilled labour force.
The intention to set up social ventures remains an unpopular choice for intending entrepreneurs due to its obvious limitations of resource constraints. Yet it remains a vital means of making social goods available to disadvantaged people, especially in developing countries. Our study aims to investigate how prior experience and networking ability interacts with empathy, moral obligation, self-efficacy, and social support to induce social entrepreneurial intentions in budding entrepreneurs in Nigeria. Using simultaneous linear regression, we analyzed data from a collection of 315 respondents enrolled in the National Youth Service Corps (NYSC)—a one-year mandatory national service scheme for graduates of higher institutions who are on the verge of making critical career choices. Our findings show that the main effects were statistically significant, while networking ability, more than prior experience, moderated the main effects. Conclusively, budding entrepreneurs need to hone their networking skills in order to exploit their social networks and complement the benefits of prior experiences as they contemplate social entrepreneurship. Future investigations can focus on determining how other environmental factors such as government/institutional support, technological adoption, and infrastructure would affect social entrepreneurial intentions.
The success of a security outfit depends on the strategies and structure of the organisation. The study aims to unravel the possible ways of positioning the Nigerian Police force for effective service delivery through strategic restructuring. Nigerian police was instituted by the colonial authors on the threshold of oppression to achieve subjection and control. Upon this pattern of operation, the Nigerian police force lost the confidence of the public. To position this agency for desired performance, several changes should be made in the strategies and structure of the force, de-emphasizing on the issues that are no longer recent problems and emphasizing on the current bane of the nation, such as corruption and insecurity. This paper adopted the mono-method qualitative approach which made use of secondary sources of data collection. Findings, revealed that the department of the Force that was responsible for information and intelligent gathering, the CID has lied dormant for long a time due to lack of adequate structure as a background that will add value to the department. Furthermore, the force was bedevilled with poor information gathering due to lack of trust and confidence in the police force, the level of motivation was found to be low, as there were no insurance policies for the Force. It is thus obvious to note that the Nigerian police force has suitable strategies that are capable of a sustainable performance, but it is challenged by lack of corresponding structure to work out the strategies. The study proposed that one DIG in addition to the twelve DIGs should be integrated to man a department with the duty of developing and maintaining good relationship with the public, and providing EFCC, ICPC and other crime related agencies with the needed force in discharging their duties. Finally, there is a need for an upward review of the reward and compensation package of the Nigerian Police Force as a way of stepping up on motivation, particularly in the area of training and re-training of the Police officers. A mind set of seeing a well-trained police officer as an investment to the country’s security sector which translates to security of life and properties must be developed and nurtured.
In recent times, there have been calls by scholars and experts for the need to investigate the influence of human capital development (HCD) on the workforce’s innovativeness and the sustainability of businesses. To respond to this call for empiricism, this study examines the impact of human capital developments (HCD) on deposit money banks’ (DMBs’) ability to survive and sustain the innovativeness of their personnel. To achieve this, the research employed a descriptive survey design in its investigation. Five DMBs in Lagos State, Nigeria were chosen as study participants, based on their years in financial operations, staff strength, and the locations of their offices both inside and outside of the country. Amongst these DMBs are the United Bank for Africa, Access Bank, First Bank of Nigeria, Ecobank, and Zenith Bank. Human capital development significantly improves the sustainability and innovativeness of the workforce in these DMBs, as evidenced by the findings of the hypothesis test using regression analysis (r = 0.767; F = 62.720; t = 7.920; p = 0.05). This leads to the conclusion that HCD supports and fosters workforce innovation and creativity, as well as the company’s overall capacity for sustainable strategic competencies.
The current financial environment is characterized by frequent innovations and complex financial products and services and this poses particular challenges for agribusiness entrepreneurs in rural areas. This study examined the sources of financial information available to agribusiness entrepreneurs in rural areas and how financial information literacy impacts performance sustainability and strategic decision-making effectiveness among agribusiness entrepreneurs amid complex and frequent innovations in financial environments in Nigeria. Utilizing a probability sampling approach, 397 respondents were drawn from the pool of agribusiness entrepreneurs registered with the Edo State Agricultural Development Programme for the Central Bank of Nigeria Anchored Borrower’s Programme (ABP) for farming businesses. The hypotheses were tested using linear regression analysis. The results from the demographic analysis suggest that agribusiness entrepreneurs have the highest access to radio adverts/programs on financial matters while television adverts/programs exert the highest persuasive influence on these agribusiness entrepreneurs. The outcomes from this analysis indicate that financial information literacy significantly impacts agribusiness performance sustainability among entrepreneurs. In addition, the proposed link between financial information literacy and strategic decision-making effectiveness among agribusiness entrepreneurs was confirmed. It is concluded that financial information literacy is needed for strategic decision-making effectiveness and performance sustainability among agribusiness entrepreneurs, particularly in rural areas, amid frequent innovative financial products and services.
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