AN INVESTIGATION INTO THE LEGAL FRAMEWORK OF MARKETING IN NIGERIA

The conceptual framework of marketing as well as the laws relating to marketing activities was reviewed. In the investigation, issues pertaining to the contractual relationship, obligation as to title, description, fitness for purpose, condition for merchantable quality, sale by sample, liability in the law of deceit and negligence in the law of Tort as well as regulatory bodies set up to guide marketing activities and possibly protect the consumers in Nigeria were looked into. The article has proven the need for an improvement on this legal framework especially in the tort of Negligenc

Attitudes toward Service Innovations in Red Meat Industry and its Consumption Effects on Nigerian Consumers

This paper focused on the Nigerian beef market, where meat safety is one of the most important issues of product quality for retailers, consumers, and the legal protection afforded consumers of the product. In today’s challenging economic climate, every business needs an organization-wide commitment to a comprehensive marketing strategy so it will stand out among the growing number of competitors competing for consumers. One of the ways of doing this is by providing quality products/services. The meat industry in Nigeria has failed to do this, thus this research was carried out to see how innovation can bring quality into this industry and some of the laws relating to consumer protection in Nigeria. The total population in Nigeria was last recorded at 170,123,740 (million) people in July 2012 (Indexmundi.com). According to Osho and Asghar (2005) the national population figure by the Nigeria Census Board is 170 million; this not only make Nigeria one of the largest meat consumers in this region of the world, but also one of the largest meat producing countries in Africa. Nevertheless, the deplorable conditions of meat products from the abattoirs to consumers are issues that could not just be swept under the rug. This paper; therefore, explored how innovation can better improve the delivery of quality meat products to Nigeria consumers. Two hundred and fifty (250) meat consumers in Lagos, Nigeria were randomly chosen from Ikotun area; where an abattoir operates and were required to answer few questions in a carefully designed questionnaire so as obtain relevant information. Chi-Square Tests and Cross tab was used in analyzing the data. The findings shows that χ2 =49.706, df=9, and p=.000; indicates that innovative steps of the meat handling improves quality of meat provided to the consumers and drastically reduces the problems presently associated with the industry; therefore, it is recommended that, the meat industry must be committed to supplying its customers with products that are safe and quality assured

Strategic Communication as a Means of Resolving Conflict among Academics in the Nigerian Public Universities

Abstract: The aim of this paper is to present a theoretical survey of resolving conflict among academics in the Nigerian public universities. The paper tends to adopt the theoretical research methodology, which permits the use of secondary data obtained from the literature reviewed. Though researchers have focused on different aspect of conflict in Nigerian organizations including the universities, there appears to be very little in the area of the quality of communication in handling the range of internal and external conflicts in these institutions. However, there is the fear that without this critical connection, intervention efforts will yield very minimal results. It is in line with this perspective that this paper is presented. This paper adopted recommended standpoint strategic communication, which is a key ingredient for resolving conflict. It also made a case for a robust training for all stakeholders in the education industry in this critical area of strategic communication. It is evident that full benefit of collective bargaining will be fully realized, which tends to support the provision of the transformation agenda of the present Nigerian administration

THE EFFECT OF FINANCIAL PERFORMANCE AND BOARD SIZE ON CORPORATE EXECUTIVE COMPENSATION: A STUDY OF SELECTED LISTED BANKS IN NIGERIA

This paper examined the association between the effect of financial performance and board size on corporate executive compensation in Nigeria. In accomplishing the research objectives of this study, the audited annual financial statement of listed banks covering the period 2005-2013 were analyzed. Also, a total of 10 listed banks in the Nigerian stock exchange market were selected and analyzed for the study using the purposive sampling method. Nevertheless, in analyzing the research hypotheses, the study adopted the use of both descriptive statistics and econometric analysis using the pooled ordinary least square regression analysis method in the estimation of the regression equation. Findings from the study show that a significant positive relationship was observed between banks financial performance and the corporate executive compensation (director’s emoluments) for the sampled banks

Managing Workplace Conflicts in Business Environment: The Role of Alternative Dispute Resolution (ADR)

In today’s business atmosphere, conflict in the workplace is a noteworthy issue; therefore, handling conflicts in organizations is essentially very important as organizations that fail to address conflicts properly are likely to run into problems because conflict is integral in organizational life and has both likely benefits and costs. To address the situation of conflicts, lately since 1970s organizations have turned to the use of alternative dispute resolution (ADR), in resolving workplace conflicts. This article therefore presents the authors’ thoughts on why organizations should use ADR to manage workplace conflicts; as effective conflict management has the prospective to play a key role in the success of organizations goal

A MODellinG RElATIONSHIP Of EMPlOyEE INVOlVEMENT in DECISION MAKING AND ORGANIZATIONAL PERFORMANCE : A STUDY Of NIGERIAN INDEPENDENT PETROLEUM COMPANY (NIPCO)

this survey examines a structural equation modelling of employee involvement in decision making and organizational performance within the nigerian independent Petroleum company (niPcO). A total of one hundred and thirty five questionnaire were valid and analyzed. Structural Equation Modelling (SEM) was adopted for the statistical analysis using Amos 21 that allows test of complex relationships between variables. Our model shows that close association exists among variables tested and consistent with the organizational performance. however, for organization to record outstanding performance, motivation plays a key factor, and it was revealed that involving employees in decision making tends to motivate them. One the managerial implications of this study amongst others is the need for management and policy makers to make involvement of employees in decision making a policy. this study can be replicated in the service industry such as banking, telecommunication, airlines, insurance, and manufacturin

Survey datasets on the influence of conflict management strategies on academic staff productivity in selected public universities in Nigeria

The articlepresenteddataontheinfluence ofconflict management strategiesonproductivityofAcademicStaffofselectedpublic universitiesinNigeria.Atotalof368copiesofquestionnairewere administeredtotheacademicstaffofselectedthree(3)Public UniversitiesintheSouth–WestZoneofNigeriaand325copies werereturnedanddeemedusable.Thisrepresentsaresponserate of 88.32%.Emphasiswaslaidontheyearofestablishmentofthe selected universitiesbasedonthefactthatovertheyears,these universitiesarelikelytohavebeenexposedtoconflicts andthe strategiesformanagingthem.Thestudyadoptedthequantitative approach withadescriptiveresearchdesigntoestablishtrends relatedtotheobjectivesofthestudy.Thequestionnaireusedfor this studywasadaptedfromtheworkofRahim(2002)[4].The population ofthisstudyincludedalltheAcademicStaffofthe selected publicuniversities.Datawasanalyzedwiththeuseof multiple regressionandstructuralequationmodeling.Thedataset is madeavailableandaccessibleformorecomprehensiveresearch

Exploring the Role of Human Capital Management on Organizational Success: Evidence from Public Universities

The demand for higher education in Nigeria has been considered as not only an investment in human capital, but also a pre-requisite for economic development. Consequent upon the expansion of higher education in Nigeria, quite a number of institutions have suffered decay due to poor work environments, inadequate educational facilities and poor funding which have resulted into unabated brain drain, strike and turnover. However, the need to develop talents is no longer hidden, what remains controversial is knowing the best method for managing human capacity especially in Nigerian State owned universities. Thus, this study examined the relationship between human capital management and organizational success using three State owned universities in Southwest, Nigeria. These universities (Ekiti State University (EKSU), Lagos State University (LASU), Tai Solarin University of Education (TASUED)) were chosen for their uniqueness. Survey research design was adopted with 398 respondents (staff). Self-administered questionnaire was adopted and analyzed with the adoption of Structural Equation Modelling (SEM). However, the results indicated that adequate leadership practices; learning capacity; workforce optimization; knowledge accessibility; workplace culture and; mentorship are significant predictors of organizational success in higher education

Exploring the Role of Human Capital Management on Organizational Success: Evidence from Public Universities

The demand for higher education in Nigeria has been considered as not only an investment in human capital, but also a pre-requisite for economic development. Consequent upon the expansion of higher education in Nigeria, quite a number of institutions have suffered decay due to poor work environments, inadequate educational facilities and poor funding which have resulted into unabated brain drain, strike and turnover. However, the need to develop talents is no longer hidden, what remains controversial is knowing the best method for managing human capacity especially in Nigerian State owned universities. Thus, this study examined the relationship between human capital management and organizational success using three State owned universities in Southwest, Nigeria. These universities (Ekiti State University (EKSU), Lagos State University (LASU), Tai Solarin University of Education (TASUED) were chosen for their uniqueness. Survey research design was adopted with 398 respondents (staff). Self-administered questionnaire was adopted and analyzed with the adoption of Structural Equation Modelling (SEM). However, the results indicated that adequate leadership practices; learning capacity; workforce optimization; knowledge accessibility; workplace culture and; mentorship are significant predictors of organizational success in higher education.

Value relevance of financial statements and share price: a study of listed banks in Nigeria

This paper examined the effects of value relevance of financial statements on firms share price in Nigeria. In achieving the objectives of this research, the fact book from the Nigerian Stock Exchange Market and the audited financial statement of listed banks spanning the period 2010-2014 were used. Also, a total of 15 listed banks in the Nigerian stock exchange market were selected and analyzed for the study using the purposive sampling method. However, in analyzing the research hypotheses, the study adopted the use of both descriptive statistics and the use of Fixed Effects Panel data method of data analysis technique. Findings from the study showed that a significant positive relationship existed between earnings per share (EPS) and Last day share price (LDSP). The study recommends the need for banks in the country to improve on the quality of earnings reported, since it has a stronger ability to explaining share prices of firm