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Effective Risks Management as a Challenge for Managers in the Nigerian Business Environment: A Case Study of Port Harcourt, Rivers State
Okoh, Lucky,Onoriode, Humphrey
International Journal of Economic Development Research and Investment , 2011,
Abstract: Risk is at the centre of life itself and as a result many people from different walks of life are concerned about it. Engineers, accountants, lawyers, doctors, teachers, bankers, entrepreneurs and many others have interest in the concept of risk. Effective management of risk is necessary for business success. The study examined effective management of risk in the Nigerian business environment as a challenge faced by managers. 80 respondents which includeD risk managers and staff of the risk management department of selected organizations in Port Harcourt were chosen for this study. The major research instruments were questionnaire and personal interview; while the data collected were analyzed using frequency distribution tables and simple percentage. The results indicated among others that there is significant relationship between effective management of risks and the investments. To this end, the study recommends identification, risk evaluation, measurement and control as a necessary step for effective risks management.
Competencies of Managers and Their Business Success  [cached]
Mariola Laguna,Michal Wiechetek,Wieslaw Talik
Central European Business Review , 2012,
Abstract: The article aimed to explain how general and specific managerial competencies relate to business success of small and medium size enterprises (SMEs). This study was conducted among 264 SMEs managers. SME success was measured as subjective assessment of economic growth indicators in comparison with competitors on the market. General and specific competencies were significant predictors of success in running a business. Specific managerial competencies proved to be a mediator between general competencies and SME success. This paper helps to better understand how individual differences – general and specific competencies – influence entrepreneurial behaviour and its outcomes.
Culture and Conflict Management Style of International Project Managers  [cached]
Umar K. Mohammed,Gareth RT White,Guru P. Prabhakar
International Journal of Business and Management , 2009, DOI: 10.5539/ijbm.v3n5p3
Abstract: The management of culture has become increasingly important to many organisations and business disciplines, particularly multicultural and international project management. Cultural differences often result in varying degrees of conflict and require careful consideration. This study surveys 116 Project Managers using the Thomas-Kilmann Conflict Mode Instrument to determine their approach toward managing conflict. Indian, French and UK Project Managers’ conflict management style are correlated with Hofstede’s description of their cultural characteristics. We find that significant links between the cultural dimensions of Individualism and Masculinity with the propensity for Project Managers to adopt a Competitive style of conflict management. We also find Uncertainty Avoidance correlates with a tendency for Project Managers to adopt an Avoiding approach to conflict management. Other relationships are found between Hofstede’s cultural dimensions and conflict management styles in Project Managers but their meaning requires further study.
The Role of Corporate Risk Managers in Country Risk Management: A Survey of Jordanian Multinational Enterprises  [cached]
Adel Al Khattab
International Journal of Business and Management , 2010, DOI: 10.5539/ijbm.v6n1p274
Abstract: The recent growth in diplomatic, civil and military conflicts presents evolving challenges for international business. These risks create new sources of country risk. Country risk, in this sense, is commonly associated with the risk faced by enterprises in developed countries while conducting their business operations in developing or politically volatile countries. Few studies, however, have been carried out on the impact of country risk on enterprises from developing countries operating in other developing countries. This research investigates the role of the risk manager in country risk assessment (CRA) within Jordanian multinational enterprises (MNEs) by adopting a survey strategy. The methodology included questionnaires which distributed to the entire Jordanian multinational enterprises. The main finding of this research was the role of risk managers is still not being maximised, and enterprises may not be achieving optimum benefits from their risk management system.
Managers’ and companies’ knowledge orientation as business performance drivers
Jolanta Mazur,Marianna Strzy?ewska
Tr?i?te/Market , 2010,
Abstract: Knowledge is widely considered to be the major source of sustainable competitive advantage, fostering companies’ business performance. Therefore, a number of authors have undertaken the efforts at describing its role. There were, however, much fewer attempts aimed at evaluating the influence of knowledge activities and behaviors on companies’ business performance/results in various countries. At the same time, there was practically no research identifying the full range of opinions and beliefs, indicating company managers’ attitudes towards knowledge activities within their companies. This paper investigates the relations between the managers’ opinions concerning knowledge (managers’ knowledge orientation), the knowledge-related activities and behaviors (companies’ knowledge orientation) and companies’ business performance within the context of medium-sized companies operating in Poland.
THE ROLE OF INTERPERSONAL AND FIRM FACTORS IN INTERNATIONAL BUSINESS RELATIONSHIPS
Farid Ahmed
Asian Academy of Management Journal , 2010,
Abstract: Managers have long known intuitively that relationships are important to business. In certain cultures, such as in the East, the emphasis on relationships may typically be more explicit, but a good salesperson knows that building trust and commitment with buyers are essential for long-term success. The role of interpersonal and firm factors on international business relationships are tested with data from 125 pairs of exporter-importer relationships. Drawing from relational exchange theory, personal (such as effective communication, cultural sensitivity and likability of partner) and firm (such as reputation and competencies of partner) factors are modeled as determinants of commitment and trust in such relationships. The findings support the overall model, highlighting the importance of interpersonal and firm factors to international business relationships. This research highlights the importance of personal and organisational factors that are linked to building trust and commitment. In particular, building, protecting and communicating a positive reputation, and ensuring strong marketing competencies, are important for building contractual and competence trust. The study highlights the importance of interpersonal factors and thus the need to have appropriate personnel involved in the developing and maintaining international business relationships.
Advantages and Risks of RFID in Business Applications
Vladimir Modrak,Peter Knuth,Jozef Novak-Marcinein
International Business Management , 2012, DOI: 10.3923/ibm.2010.28.34
Abstract: Radio Frequency Identification (RFID) technology in business and industry is rapidly starting to show its growing potential in comparison with other identification technologies. With RFID's expanding role in business applications questions concerning not only gains but also risks are arising. The purpose of this study is to highlight selected areas of this technology that may be critical for its further exploitation in business applications. A comprehensive review approach was used to guide the research process. The relevant literature findings were gathered and sorted into the categories as advantages, disadvantages, readability and privacy security. Differences between RFID and barcode technologies, especially in terms of their use in information management are also discussed in this study. Further, selected critical aspects of RFID development and applications are described. Finally, summative inferences and anticipated expectations of future RFID deployment in business and enterprises are outlined.
Are You an Excellent International Entrepreneur?—Building a Competency Model of International Entrepreneurs Based on the Grounded Theory  [PDF]
Ying Pan
Journal of Service Science and Management (JSSM) , 2017, DOI: 10.4236/jssm.2017.104032
Abstract: With the deepening of global economic integration process, the survival and development of enterprises is facing a severe test. An excellent international entrepreneur is the personification of the enterprise, undertaking the mission of making corporate development strategy, who can lead the enterprise to expand, innovate and achieve continuously in the multinational operation. In order to study the abilities and qualities of excellent international entrepreneurs, we conducted depth interviews with five professors from business school of universities, three industry experts, seven international entrepreneurs and eleven subordinates from several Chinese large multinational enterprises, receiving a large amount of the first and second-hand data. Then, we use grounded theory to process, match, classify and extract data by means of open coding, axial coding and selective coding, building a competency model of international entrepreneurs, including three main categories and seventeen sub-categories. The first main category is Knowledge, an objective evaluation, including three sub-categories, such as managerial professional knowledge, language proficiency and the knowledge of international business. The second main category is Ability, including eight sub-categories, such as the managerial competencies of international enterprises, cognitive ability of international market, the ability of international trade, the ability to adapt to the dynamic environment, the ability to integrate domestic and foreign resources, the ability to overcome crisis and risks, relationship ability with society and government and learning ability. The third main category is Personality, including six sub-categories, such as autonomy, innovation, change, advance cognition and action, competition enthusiasm and the spirit of adventure.
International Business Cycle
Marek Lubiński
Contemporary Economics , 2007,
Abstract: Prime stylized facts of international business cycle theory refer to positive correlation in the cyclical components of important macroeconomic variables across countries. However a number of indicators of business cycle synchronization do not point to clear trends. It can be ascribed to the fact that different forces influence level of business cycle correlation. When investigating into the forces behind the commonness in aggregate fluctuations economic research seems to have pointed in two directions. One strand of the literature examines the idea of common exogenous shocks that affect economies simultaneously. In addition to that economic interdependencies such as trade in goods and services or capital account transactions may serve as the channels through which disturbances spill over across countries.The observed degree of output co movement reflects both the nature of the shocks that have occurred and the degree of economic interdependence. In the periods when common shocks prevail level of synchronization is usually higher than in times of transmission dominance.
The Relationship between Motivation and Job Satisfaction of Managers in the Retail Business in Nigerian
AO Oparanma
African Research Review , 2011,
Abstract: This study was conducted to investigate the impact of motivation on job satisfaction of retail business managers. To achieve this purpose, research questions were raised, hypotheses were formulated, and relevant literatures were reviewed. The population for this study consisted of managers of UAC Nigeria. In order to generate the necessary data for this study, a well structured questionnaire was administered on the selected managers of the retail store. The data generated were analyzed using simple percentages and mean scores while the stated hypotheses were statistically tested with the Chi-square test and the Spearman’s correlation co-efficient. Our findings revealed that motivation has strong impact on job satisfaction of retail business managers as it improves their quality of output. It was therefore recommended that proprietors of retail business should design appropriate motivational techniques that will enhance job satisfaction of retail business managers.
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