Entries on Business Development
In my opinion, the word Social has to do with the society, while Business on the other hand deals with any profitable venture. Adding the two words together in my own language has to deal with doing or creating a profitable venture for the members of the society. My understanding of social business is helping the poor and needy to be economically stable and be financially independent. It strives either to bridge or narrow the gap between the needed and rich.
Many Nigerian companies especially startups have been struggling to survive and have suffered lack of improvement, periodic downsizing and folding up as a result of contact struggle to remain competitive as a result of lack of ICC. On the other hand the Western part of the world has been labeled the Innovation Economy. In spite of governmental and environmental problems faced by the African countries, this there is more than one approach to achieve success in the field of Marketing and general Business Management. The goal of this research is to create an overview of these perceptions and practices and to see how to further impact organizational growth in terms of more revenue generation and increased market share.
This study examines the nature of railway and their policies in Nigeria and Japan with a focus on finding out the factors that have hindered successful policy implementation in the Nigerian railway sectors and how these processes have affected national development. It has the objective of finding out the strategies that enabled success of the Japanese railways and how these strategies can be applied in Nigeria to rescue the current dilapidated railway sector. The researcher used primary and secondary methods of data collection to gather the needed data. The data obtained through questionnaires were presented in tables and analyzed using the simple percentage. The findings have also shown that factors which militate against successful policy implementation in Nigeria include lack of continuity and multiplicity of policy by different administrations in Nigeria, inadequate resources, non involvement of the local people in policy implementation and corruption. It also discovered that the low level of implementation has been responsible for the low level of development in Nigeria and that the success of the Japanese railway system is as a result of the strategic restructuring of the system in 1986 and that this has been responsible for the country`s high level of development. The researcher therefore recommended that for policies to be successfully implemented in Nigeria, there must be a political will by government, local people must be involved, resources must be adequately mobilized and corruption should be strictly avoided. Others include policy restructure and privatization of the rail sector, decentralization of railways into regional or state based, separation of passengers and freight railways etc. And that the money realized from the sectors should be deployed in developing other sectors. These ensure efficiency of the implementation process of policies and that of the railway system and consequently enhancing national development.
Based on the point of view of the analysis of our findings, the proposed project is found to be technically feasible, commercially viable, and economically desirable. The project offers good investment benefit. We therefore, highly recommend it for funding and implementation.
Electronic business is also known as e-business and is taking over from the world supply chain economy.Here ,the consumer takes the central place.It is the consumers ' wishes the drives the activity of this demand network.The driving force in this circumstance is the network economy.it is a flexible process that enables every one in any geographical area to partake actively in business around the world.it is one essence of globalized economy.There is various aspects of this network economy such as e-business,e-commence and e-trading.while e-business involves any form of business transaction including abstract and rel objects,e-commerce deals directly with the exchange of goods and their payment facilitated by electronic transaction.E- trading deals with the selling of financial instruments such as stock,bonds and treasures.the impact of the network economy as it grows rapidly is felt more in developed economies where virtually all transactions are conducted electronically.developing economies suffer from inadequate ICT infrastructure.this has affected their electronic readiness and has pushed far behind the level of application of the network economy.in Nigeria for example,the ATMs are limited by several constraints although government policies encourages it ,the enabling environment is in lack. Transition in business may be defined as a process in which a business undergoes a change and passes from one form or stage to another.hence,a business can transit externally with regard to form or internally in its stages of growth.from a legal standpoint,there are three major forms of business organisation:the single proprietorship,the partnership and the corporation.the single proprietorship is owned by an individual who is liable for the business liability and his death results in the termination of the venture.partnership is owned by a number of individual who are collectively liable for the business liability and the death of any of them results in the termination