Impact Assessment of Inter-Organizational Trust on Virtual Organizations Performance in Nigerian Service Firms

This investigation examines inter-organizational trust on virtual organizations performance of selected Nigerian service firms. Inter-organizational trust is the extent to which members of a firm hold a collective trust orientation towards another organization. Virtual organization is a functionally culturally diverse firm that is connected by electronic forms of communication and/or use of ICT for collaborations. In inter-organizational relationships, the most common success factor, and possibly the most critical one is trust. Trust is widely acknowledged as being important for the efficient operation of interorganizational business activities, the formation of trust remains challenging, the experience with trust despite increased interest and the acknowledged role of trust to a company’s competitiveness is that there has not yet been theoretically and empirically coherent attempts to measure trust in inter-organizational contexts to the best of my knowledge. The apparent, lack of inter-organizational trust and reliability in virtual organizations as a result of perceived risks from privacy concerns and vulnerability to fraud may impede organizations’ performance. In carrying out this investigation, three research objectives and three research questions were formulated alongside with three research hypotheses. Relevant data werereviewed, this provide an understanding of previous work in an area of investigation thereby providing basis for the researchable problem at stake. The chief instrument for data collection was questionnaire, which was designed for low, middle and top level management staff. The data was analyzed using a chi-square statistical technique. The result of the study showed that inter-organizational trust impact significantly and positively on virtual organizations commitment and performance and firm benefitted more from inter-organizational trust when the degree of interdependence between two organizations was higher. When we examine inter-organizational trust in virtual organizations from the perspective of network organizations, then we certainly conclude that interorganizational trust in virtual organizations is a new type of network. Finally, it was recommended that, the formation of organizational process should be based on trust and not on the basis of power which will result in increased commitment, job-satisfaction, performance and growth of employees and the organizations in general

A Study on Factors Affecting Entrepreneurial Development in Nigeria

The issue of entrepreneurial development in Nigeria is not new, and it has become increasingly popular in the lexicon of contemporary discourses. While many see entrepreneurial system as a Bain for economic development, some others think of numerous factors affecting its development. This paper therefore examines the glaring factors rocking entrepreneurial development in Nigeria. Against this backdrop, the paper relies on incisive primary and secondary investigation, analysis and interpretation of data using chi-square statistical techniques. This study revealed that much is yet to be done towards boosting entrepreneurial development in Nigeria. The results also indicate that factors such as low power supply, infrastructural decay, corruption, inadequate skills, inadequate credit facilities, government policy and security must be addressed quickly in order to create enable environment for SMEs and other business corporations. This paper demonstrates that the impact of the aforementioned factors on entrepreneurial development in Nigeria is significant and severe. Consequently, it posits that the factors have terrible implications for employment, investment, development, poverty reduction, revenue generation and growth in Nigeria. The success of the various responses by government agencies towards managing and mitigating the impact of the factors depends on their commitment to initiate and sustain policies that will help enhance entrepreneurial development in Nigeria. This investigation tries to argue that there is serious need now, more than ever before, to re-assess the path taken so far by the Nigerian government towards entrepreneurial development. Keywords: Entrepreneurship, Unemployment, Development

Business Process Reengineering and It Impact on the Performance of Manufacturing Firms in Nigeria: An Empirical Evaluation

The paper posits that Business Process Reengineering is the radical redesign and rethinking of processes’ of business to achieve critical improvement desired in quality and performance. Business process reengineering advocates that firms go back to the foundation and reexamine their very roots. It focuses on the processes and not on people or tasks and does not believe in little success; rather it aims at total reinvention of the entire system. Relevant data were reviewed using secondary method of data collection while questionnaire was design for Top and Middle level Management Staff of the manufacturing firms. The data was subjected to statistical analysis and the result clearly showed that Business Process Reengineering impact positively on the performance of Manufacturing Firms in Nigeria as BPR help in eliminating non essential activities and as well enhances the quality of product produce in manufacturing firms in Nigeria. Firms’ vital point is on well-built and motivated leadership for the benefit of the entire organizational system. Current realities, such as changes, competition and the desire of customers, point to the direction that the developing organizations may never get to the place of development if they attempt to follow old ways of doing business. This paper argued that there is need now like never before, to re-examine the path taking so far by developing firms toward improving the performance of their business. Keywords: Business, Process, Reengineering, Business Reengineering, Firm Performance

Mediating Role of Knowledge Management between Human Capital and Organizational Resilience of Commercial Banks

Over the past few years, it has increasingly been recognized that lack of resilience to dynamic and turbulent business environment is a serious business problem, especially in the financial institution sector of Nigeria during the global pandemic of COVID-19. Lack of organizational resilience to the health pandemic had resulted in a range of negative business outcomes and causes of a decline in competitive advantage. The focus of this research is to investigate the function of knowledge management in mediating the relationship between human capital and organizational resilience in Nigerian commercial banks during the worldwide COVID-19 pandemic. A cross-sectional study design was utilized to randomly choose 313 senior managers from Nigerian deposit money banks. The collected data were analyzed using Partial Least Squares Structural Equation Modeling (PLS[1]SEM). Human capital and knowledge management have a strong direct association with organizational resilience, according to the findings. Also, this research shows the function of knowledge management in moderating the relationship between human capital and organizational resilience of commercial banks in Nigeria. The findings provide a stronger insight into how commercial banks in Nigeria use human resources and knowledge management. As a result, financial institutions will be able to make informed decisions about how to integrate and apply knowledge management strategies. Furthermore, no studies have been conducted known to the researchers on how businesses' intangible resources and competencies, such as human capital and knowledge management, generate organizational resilience, with knowledge management serving as a mediating component