Insurance Premium and The Growth of Nigeria Economy (2007-2021) (Published)
The insurance industry’s growing share of the global financial sector in both developed and developing countries has moved focus to the insurance-growth relationship. As a result, the study looked at the effect of insurance on Nigerian economic growth from 2007 to 2021. The study’s goals were to look at the impact of life, and total insurance premiums on the growth of the Nigerian economy after the insurance regulations and reforms were implemented in 2006. Ex-post facto analytical research design was adopted in this work. The National Bureau of Statistics and the Central Bank Statistical Bulletin provided secondary data. The logarithm was used to alter the data. Ordinary Least Square regression technique was used to analyze the data. According to the findings, non-life gross premium has a considerable positive influence on real GDP, life gross premium has no significant effect on real GDP, and there is a significant positive association between total insurance gross premium and economic growth in Nigeria. Based on the findings, the general conclusion is that insurance and economic growth in Nigeria have a considerable positive association. The study recommends that the National Insurance Commission should adopt policies that promote the growth and development of the insurance industry as a whole. Individuals and families should be educated on the importance of life insurance in order for it to have a substantial impact on Nigeria’s economic growth.
Keywords: Development, Financing, Insurance industry, economic growth, premium.
Entrepreneurial Human Resource Management: A Conceptual Review (Published)
Entrepreneurial human resource is best defined as the set or sets of human resources practices that will increase the likelihood that new knowledge will be converted to new products or services through innovativeness and proactive actions. This paper conceptually entrepreneurial human resource management. The paper conceptualised the dimensions of entrepreneurial human resource management as entrepreneurial-based compensation, entrepreneurial-based training and development, entrepreneurial-based performance management. The paper used a desk research methodology since it is largely a literature review. Based on the review of extant literature, the paper concludes that entrepreneurial human resource management influences the efficiency of organizations positively. The paper recommends that this study should be approved for an empirical study to be carried out within Indigenous oil and gas companies in South-South, Nigeria, as data generating unit, so as to test the conceptual model developed and validate the concepts reviewed.
Citation: Ibiba Ambie Georgewill (2023) Entrepreneurial Human Resource Management: A Conceptual Review, European Journal of Business and Innovation Research, Vol.11, No.1, pp.,21-30
Keywords: Development, entrepreneurial based performance management., entrepreneurial human resource management, entrepreneurial-based compensation, entrepreneurial-based training
Competitiveness Analytic of Nigeria and Singapore | National Productivity and Economy (Published)
Citation: Ayodele A. Otaiku (2022) Competitiveness Analytic of Nigeria and Singapore | National Productivity and Economy, European Journal of Business and Innovation Research, Vol.10, No.1, pp. 67-111
Abstract: Competition power of a country can simply be defined as the ability to compete relative to its rivals and where Singapore and Nigeria were case studies. The effective policies to increase the level of prosperity and how to translate information about specific strengths and weaknesses across the many factors that drive competitiveness was the crux of the study. The competitiveness analytic identify uncertainties (more raking competitiveness metrics); seek alternative framing of problems; build hybrids (objects such as indicators or policy formulation); and human capacity to link knowledge to action for national productivity and country’s share of world markets for its products and services, provide its residents with a rising standard of living and a high employment on a sustainable basis was the resultant impacts of competitiveness. Value results from a total effort, rather than from ‘one isolated step’ in the process for all indexes of competitiveness. Singapore had better competitiveness index than Nigeria with global ranking as the most competitive nation in the world, 2020.The crux of 21st century competitiveness ranking should focus on the unification of competitiveness indicators and the development of ‘integral competitiveness fundamentals that, can capture the traditional and emerging indicators like ‘Climate changes’,‘Pollution’,‘Cyber security’ and ‘Hybrid warfare’ was accentuated as spatial polysingularity framework for the future study of competitiveness.
Keywords: Competitiveness, Development, Entrepreneurship, Innovation, Networking, Nigeria, Singapore, spatial polysingularity
Factors Affecting the Development of Banh Phong Craft Village: A Case of Cai Be District in Tien Giang Province, Vietnam (Published)
This study aims to estimate the factors affecting the development of Banhphong Craft Village in Cai Be district, Tien Giang province, Vietnam. The sample data of 185 survey questionnaire responses collected by representatives of producers, stratified samples by labor size. The regression analysis results have tested four factors at the 0.05 significance level. They are the financial capacity of the producing household; Infrastructure; Production conditions of the producing household, and the understanding ability of the household head.
Keywords: Banh Phong craft village., Development
Performance Evaluation of Chinese Companies across Various Sectors in Bangladesh Business and Built Environment (Published)
Bangladesh is a country with about 168million people with a GDP growth of 6.5% 2004. This is due to its market-based economy which is the 43rd largest in the world in nominal terms, and 30th largest by purchasing power parity. With its geographical location, economic and population fundamentals, it has attract foreign direct investment (FDI) allowing it full participation in regional and continental development partnerships with its neighbors especially China. China viewed Bangladesh as a crucial and vital partner to its regional development plans especially to its land locked western region. These led to Chinese companies entering the Bangladesh economic sectors to invest and execute projects. However, these Chinese companies must take (or have taken) into cognizance the labour laws, the available & the level of human capacity, the business terrain, the cultural ramifications of the Bangladesh workforce, also the priorities and dynamic government policies. These will influence the performances and overall success of collaborations across various sectors. The study evaluated the performances of Chinese Companies across Various of Bangladesh. It also provides a summary of the main findings in line with the research problem and the research aim. The literature reviewed led to identification of the twelve sectors. The evaluations and assessment show that the performance of Chinese companies across the twelve sectors varies accordingly and that they have a very good performance across eight sectors and satisfactorily / fair across four sectors. These performances are influenced by the levels of collaborations of Bangladeshi people, government and country towards the Chinese companies across various sectors. Altogether, and over some time will lead to better understanding of each other’s work habit, culture, barriers and differences that may will boost the performances of the Chinese companies in future collaborations.
Keywords: Bangladesh, Business, China, Collaborations, Development, Human Resources, Performance, Sectors
The Knowing-Doing-Gap and the Role of the Entrepreneurial University in the Development of the Knowledge Economy (Published)
The focus of this research is to bridge the gap between knowledge and action, which is known as (The Knowing-Doing-Gap); especially in the fields of new technologies. Although there are many discussions on this issue from a micro perspective – for example, Braun – focusing on a managerial approach in dealing with new knowledge, other researchers focused on the problem at the macro level introduced by Röpke. This research explores both approaches, Röpke’s and Braun’s, to find solutions for the Knowing-Doing-Gap problem on both levels, the Micro and the Macro. The research explored both methodologies and found that both approaches complement each other in providing a general solution to Knowing-Doing-Gap through transforming universities into entrepreneurial universities
Keywords: Development, Economy, Entrepreneurial University, Knowing Doing Gap
Contributions and Challenges of Entrepreneurship in Nigeria: A Sociological Analysis (Published)
Entrepreneurship is an area that has attracted the interest of various researchers, academics, government as well as private individuals. To this end, researchers in this field have adopted multidisciplinary approach in the study of entrepreneurship. One of the disciplines that has shown a heightened interest in the study of entrepreneurship is sociology. Thus, this work adopts a sociological approach in investigating the contributions and challenges of entrepreneurship to the socio-economic development of Nigeria.
Keywords: Development, Entrepreneurship, Social entrepreneurship, Socio-Economic Environment, Sociology
Service Innovation and Competitive Advantage (Published)
Service Innovation suggests how the concept of service can be improved which is already in practice. This can be either refined competence in customer relations, channel of distribution or innovation in technology or it can be combination of all three. Investing in the development of both physical and non-physical components of products and services available for sale can lead to enhanced business prospects, ultimately ensuring success.
This paper attempts to indentify core ingredients of service innovation and their impact on Online B2B industry in attaining competitive advantage with a resource based view. The difference found in organizational performance in the context of Online Business can be partially explained by Information Technology, Human Resource Management, Research & Development and strategic alliances practices and policies.
Furthermore, the research also attempts to establish how proper implementation of Human Resource Management practices, experienced adoption of Information Technology and IT-enabled services, well connected and inform Research and development can all together render greater service innovation opportunities whereas strategic alliance is the mediocre variable which requires lots of efforts to impact positively on service innovation.
Keywords: Competitive Advantage, Development, Human Resources, Information Technology, Research, Service Innovation, Strategic Alliances