GPH-International Journal of Business Management

ORGANIZATIONAL STRUCTURE AND ADAPTABILITY OF MANUFACTURING FIRMS IN RIVERS STATE, NIGERIA

Macaulay Enyindah Wegwu — Thu, 03 Oct 2024 06:50:45 +0000

The survey study investigated the relationship between organizational structure and adaptability of manufacturing firms in Rivers State, Nigeria. The environment of business is not an independent entity, but composed of complex combination of factors such as government regulations, product and labour conditions, industry customs and practices which have greater influence on how job task are divided, grouped and coordinated in the manufacturing sector. It is based on this problem that this research was set out to explore the compatibility of organisational structure and adaptability to avert negative influence on manufacturing firms in a dynamic environment. As a consequence, this research involved 4 objectives, 4 research questions and 4 research hypotheses. A population of 362 managers and supervisors of 15 manufacturing firms was covered. A sample size of 186 managers and supervisors were drawn using Krejcie and Morgan (1970) Table. The simple random sampling technique was employed and copies of questionnaire were utilized in gathering data for the study. The response to the questionnaire was measured on a 4-point Likert scale, and the data were analysed using Spearman Rank Order Correlation Coefficient. Based on the findings, the study concludes that there is a significant and positive relationship between the dimensions of organisational structure and adaptability, meaning a correlation exists between organizational structure and adaptability of manufacturing firms in Rivers State. The study recommends that manufacturing firms in Rivers State should enhance mechanistic structures for better process, clarity and risk management, while incorporating organic elements to boost flexibility, innovation, and quick decision-making for improved adaptability and resilience.

MOVING BEYOND OIL: TOURISM ECONOMY OPTION AND THE REALITIES OF REGULATORY FRAMEWORK

Yekinni Ojo BELLO, Mercy Busayo BELLO — Fri, 04 Oct 2024 07:02:42 +0000

Purpose- The oil sector has been the main driver of the Nigerian economy due to its dependence on crude oil revenues.Despite the oil boom, Nigeria is still submerged in uncontainable poverty, and scary unemployment complications. It is against this backdrop that this study scrutinizes the extent integration of tourism economy including, feasible tourism regulatory framework can impact positively to unlocking the Nigerian strangling economy.

Research Methodology- The study been an exploratory study, reviewed various reports and previous literature in this domain study upon which the study made insightful inferences.

Findings- The study finds that tourism economy has the potential to becoming instrument of economic regeneration and stability for Nigeria given its important role in revenue generation, jobs creation, and infrastructure development. Thus, further reveals that Nigeria can only maximise her tourism economy potentials if tourism regulatory framework gear towards environmental sustainability, a secure and safe Nigeria, prioritisation of the tourism sector, and promotion of health and sanitary practices were galvanized.

Research Implications– By establishing the need for economic diversification to tourism economy, thisstudy offers an insight on the need for the government of Nigeria to enforce favourable policy environment that supports tourism business investment.

Originality: This study is the first to verify the connection between tourism economy, tourism regulatoryframework and economy diversification in Nigeria. The study argues that diversifying to and promoting tourism economy has the capacity to remodeling the Nigeria choking economy.

An Assessment of the Contribution of Shipping to the Development of Nigeria’s Blue Economy

Saka Juliana Obiageli, Ezinneka Eunice Okodudu — Fri, 04 Oct 2024 07:22:56 +0000

The concept of the blue economy has emerged as a crucial area of focus for coastal nations, promising sustainable development through the utilization of ocean resources. Nigeria, with its extensive coastline and strategic geographical location, stands to benefit significantly from a well-developed blue economy. This journal explores the integral role that shipping plays in the development of Nigeria’s blue economy. It examines the historical context, current state, and potential of the shipping industry in Nigeria. Through a comprehensive assessment, this paper aims to highlight the contributions, challenges, and opportunities within Nigeria’s shipping sector, and its impact on the broader blue economy.