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Research News
Subject Category
Economics and Finance
Human Resource
Sustainability
Tourism & Hospitality S/No.
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LBS recent publications (May - October 2020)
Title
Does Service Sector Growth Cause Agricultural and Industrial Development? A Dynamic Econometric Approach Efficient Market Hypothesis in the Presence of Market Imperfections: Evidence from Selected Stock Markets in Africa
Dynamic Linkages between Mobile Money and Banks' Performance in Nigeria: An Autoregressive Distributed Lag (ARDL) Approach Social Impact Investing and Impact Financing Corporate environmental reputation management and financial performance of environmentally sensitive companies in Nigeria Innovative Work Behaviors: Role of Employee Engagement & Organizational Citizenship Behaviors The effect of servant leadership on employee turnover in SMEs: the role of career growth potential and employee voice The Extractive Sector and Corporate Social Responsibility: A Case of Chevron Nigeria Multinational Enterprises' Subsidiary Initiative-Taking: A Model for Implementing Corporate Social Responsibility Can critical success factors of small businesses in emerging markets advance UN Sustainable Development Goals? Foreign Direct Investment and Tourism Development in Africa
Journal Title
International Journal of Management, Economics and Social Sciences
International Journal of Economics and Financial Issues (IJEFI)
International Journal of Management, Economics and Social Sciences
The Nigerian Accountant
Cogent Social Sciences Indian Journal of Industrial Relations: A Review of Economic & Social Development International Journal of Entrepreneurship and Small Business Communication - South African Journal for Communication Theory and Research International Journal of Multinational Corporation Strategy World Journal of Entrepreneurship, Management and Sustainable Development Tourism Analysis: An Interdisciplinary Journal
Faculty
Ikechukwu Kelikume
Ikechukwu Kelikume
Nkemdilim Iheanachor
Kayode Omoregie
Akintola Owolabi
Okechukwu Amah
Okechukwu Amah
Ogechi Adeola
Ogechi Adeola
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Ogechi Adeola
Ogechi Adeola
Subject Category
Operations Management S/No.
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Subject Category
Marketing
Strategy S/No.
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1. Title
Delays in customs clearing processes in sub-Saharan African port: An analysis and evaluation of the 'Pre-Arrival Assessment Report' (PAAR) process at a Nigerian seaport
Journal Title
Journal of Business Diversity
Faculty
Frank Ojadi
Title
Book Chapter
Using Quelch's Tools to Explore and Put Dual Marketing into Practice: Benefits, Opportunities and Risks – Ogechi Adeola
& Obinna Muogboh Branding &
Let's Go Green - Planet, People, Product, Packaging, Pricing, and Promotion (6Ps) -
Venessa Burgal & Ogechi Adeola
Talent Management and Succession Planning in traditional Igbo businesses –
Nkemdilim Iheanachor & Chidi Okoro Editor(s), Book title and Publisher
In Palazzo, M., Foroudi, P. and Siano, A. (Eds) Beyond Multi-channel Marketing, Emerald Publishing Limited, pp. 39-54.
In Foroudi, P. and Palazzo, M. (Eds) Sustainable Branding: Ethical, Social, and Environmental Cases and Perspectives, Routledge.
In Adeola, O. (Ed.) Indigenous African Enterprise: The Igbo Traditional Business School (I-TBS), Emerald Publishing Limited.
Business Ethics
Subject Category Marketing
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Virtue Ethics Traditions in Africa: An Introduction – Kemi Ogunyemi In Ogunyemi, K. (Ed.) African Virtue Ethics Traditions for Business and Management, Elgar.
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The relevance of African virtue ethics traditions today – Kemi Ogunyemi
Publisher
In Ogunyemi, K. (Ed) African Virtue Ethics Traditions for Business and Management, Elgar.
Books
Faculty
Marketing in Healthcare-Related Industries Information Age Publishing
Ogechi Adeola
Cases
Title Abstract
Human Resource & Organizational Behaviour
Abiodun Chukwu: Managing Organisational Politics The case describes the early career of Abiodun Chukwu, a successful and hard-working engineer who dedicated his work life to being ethical and doing things that would benefit his organisation. While he was project manager of a project his organisation was executing for another company, he worked closely with the Managing Director of the client organisation. The MD had ethical and negative organisational-politics issues in his company and was secretly searching for someone to help out. He discovered that Abiodun possessed the personality and work ethics he was looking for. Abiodun was offered the position of a manager though he had no managerial skills. Abiodun accepted the offer and dedicated his whole life to it. Unfortunately, he could not work through the messy unethical and office-politics mesh. While supervising an important project, something went wrong which led to a huge loss for the company. Abiodun was eventually relieved of his position after two and half years of working in the new organisation.
Author
Okechukwu Amah
Title
Al Dorado Group Limited: Building a Pipeline of Leaders
Abstract
The case describes the three strategic changes that occurred in Al Dorado Limited, and the corresponding human resources management strategic changes made by the organisation in response to external and internal demands placed on the organisation. During the last strategic change, the organisation adopted a very stringent human resources management strategy involving recruitment, on-boarding, development, performance management and rewarding processes aimed at building the pipeline of leaders to drive the organisation in the 21st century. Through an external consultant and in a process that was not made known to the old managers, the organisation decided on the old managers that were to be allowed into the new managers' scheme and those to be repositioned to be trainers and mentors. The process adopted in building the pipeline of leaders gave rise to two antagonistic groups within the organisation that were at loggerheads with each other. Paul, being one from the old cohort and the assumed leader of the cohort, felt the organisation was not fair to them and decided to get answers to some questions from his immediate boss. After the encounter with his boss, Paul felt that Al Dorado Limited had created a situation that was toxic to the performance of his cohort, and that it was time for his cohort to move on in their career, but he was not sure what the decision should be.
Ole Gunnar Solskjaer and Manchester United F.C.
Bayo and Tayo The case is set at the final league game for Manchester United Football Club (shortened to United) in the 2018/19 Premier League season, played at Old Trafford, United's home stadium in May 2019. The team was expected to easily beat their opponents, Cardiff City, a team already relegated to the lower division and a team they had beaten 5 – 1 in the first leg in Cardiff's home ground. The surprising result was a 2 – 0 home loss to Cardiff, bringing down the curtain on a poor run of six losses, two draws and just two wins in United's last 10 matches. Surprisingly, this poor run came after the coach Ole Solskjær's confirmation, following a string of earlier brilliant results. The defeat confirmed the club's failure to finish in the top-four position in the league table, a position that would have guaranteed them a place in the UEFA Champions League in the next season.
This is a real–life case involving employees of a multinational company located in Nigeria. The case throws up issues that centre on human resources management (HRM) in general and, more specifically, on the challenges that often arise in the application of “global best practices” in different cultural settings. In this case, Bayo (protagonist) made repeated and persistent “advances” (of a sexual nature) to Tayo, a female intern in the organisation. From the point of view of the human resources policies of the organisation and global best practices, these “ advances ” amounted to sexual harassment. Bayo, as the accused, contended that the “advances” represented culturally acceptable methods of proposing marriage. Events subsequently proved Bayo right as both employees got married, even though he had paid the price by receiving the maximum punishment for the offence of sexual harassment.
Human Resource & Organizational Behaviour
an open data campaign by simplifying government budget and matters of public spending to trigger citizen engagement, selfsocietal change. BudgIT utilises the power of digital technology and
Author
Okechukwu Amah
Henry Onukwuba
BudgeIT: Promoting Inclusive Governance with Big Data This case study examines and discusses how a Nigerian civic organisation - BudgIT, adopts a data-driven approach to improve the standard of transparency and accountability in government. Hence, the case discusses how BudgIT utilises digital technology to promote empowerment of citizens and institutional improvement, to facilitate
Uche Attoh
big data to be a socially responsible organisation by giving something back to the society that enables them to prosper and grow.
Olayinka David-West
Title
Operations Management
Asten Global Ltd:
Export Costing Pioneer Tomato Processing Company Ltd: Choosing a Supply Strategy
Finance
FGN Bonds: Bond Valuation
Abstract
Asten Global Ltd was set up over a decade ago and had experienced significant growth in local commodity trading. The company had established good working relationships with many commodity farming households and cooperatives in different communities and also invested in warehouses for the storage of grains and other agricultural products. Asten Global Ltd had no farms but paraded very good buyers who had excellent interpersonal skills and spoke the local languages of the communities in the northern parts of Nigeria where they traded. Tony, the Managing Director of Asten Global Ltd, had just returned from a training programme on exports and was being 'challenged' to apply the knowledge he had acquired during the training to his business. Specifically, he was required to prepare a quotation for a new customer who needed some hibiscus flowers for his factory in India. Tony was yet to export any commodity and therefore felt quite apprehensive, although he viewed it as an opportunity to expand his market. Before calling on his staff to the customer in 10 days' time.
deliberate on the way forward, he promised to send the quotation to The shortfall in installed processing capacity (coupled with the strong possibility of a protectionist ban on imports) and the avoidable wastage arising from that shortfall were evaluated by Mumbai Agro Processors Ltd (an Indian company) as offering an attractive business opportunity, which led it to decide to invest in a processing plant in Nigeria designed to produce triple tomato concentrate for downstream medium-sized packaging companies. PTPCL was sited in Danja in Katsina State (about 1,000km from the Lagos seaport by road), which was at the centre of a major tomato growing area, as well as being adjacent to other major growing areas. PTPCL fashioned a tomato procurement policy based on the use of a posted price per kilogram of tomato, which did not go down well with the smallholder farmers, who were the main suppliers of tomatoes to the company. Crucially, the company chose not to establish an active physical presence in the raw tomato market (to engage with the farmers and/or the dealers) but preferred to wait passively for the farmers to come to it. At issue, therefore, was a fundamental question of future supply strategy: was the company to continue to depend for its principal raw material on farmers who had so far proved to be unreliable and unpredictable suppliers or should the company make a bold departure from the past and take, as it were, its future into its hands by venturing into other forms of sources of supply so as to become assured of security of supply as far as its tomato requirements were concerned? This issue was to be decided in an Director, among others.
executive committee meeting involving the CEO and the Supply Chain This case is about a fictitious character called Uju Adewale that is faced with the task of valuing the Federal Government of Nigeria (FGN) bonds in her bank's portfolio. In examining the issues facing Uju, students have the opportunity to learn about bonds, bond valuation and pricing, the yield curve, interest rate risks associated with bond investments, and the possible returns from investing in emerging market government bonds.
Author
Frank Ojadi
Frank Ojadi
Chukwunonye Emenalo
Title
Marketing
Splendid Ruby Scents Limited: The Scents of Sales Incentives
Entrepreneurship
Splendid Ruby Scents Limited: The Scents of Sales Incentives
Abstract Author
Splendid Ruby Scents Limited was a local perfume company that aimed to capture a considerable size of the imported-productsdominated scents market in Nigeria. The company made some impressive sales when it started, earning about 40% net profit just in its second year of operation. Tunde, the CEO, motivated by the initial success, constituted a management board and expanded to other major cities in Nigeria with 30 different fragrances of perfume in stock. The increase in sales would not have been possible without the efforts of the sales force and the regional sales managers (RSMs) that covered the three major territorial hubs of the company – Lagos, Kano and Abuja. Chioma, the sales director, had the responsibility to increase the company's sales by 25% for the year 2018. As of June, the company's sales performance was about half of that of 2017 as at that time. The sales team believed the new compensation scheme designed by Chioma was responsible for their poor performance. Chioma, therefore, had the onerous task of trying to align the personal and business interests of her RSMs, and the motivation of the sales team with the goals of the company before the next board meeting. She had only a week to come up with action plans.
This case is the story of an African entrepreneur based in Nigeria. He started his entrepreneurial journey from childhood as an apprentice in his father's arts and crafts workshop in southern Nigeria. Though he wanted to continue his studies to tertiary levels, the challenges he faced led him to an interim apprenticeship arrangement in an uncle's business in the open market. There he found himself making so much money that he started his own business and gave up on continuing his studies. Fortunately, he was advised to go back to school, based on the conviction that he would have a better quality of life and business with more education. He took the advice and embarked on part-time studies so he could continue to run his business. With time, he experienced first-hand, how this made a significant positive impact on his person and his business. All along, profit had been the sole aim of his business of selling children's toys. However, while at school, he learned that value drives profits and so it was better to seek first to create value or be impact-driven. It took him a while to accept this idea and when he eventually did and began to run his business in a value-driven manner, he was amazed at how both his personal brand and business experienced an astronomic rise in reputation and profits. He has since continued to be value-driven, transforming his toy company into an African-themed toy business for local and global markets. His business now attracts global partners as suppliers and customers, and he has been featured by many local and global media houses, as well as won several awards based on his impact-driven activities. The case is a good illustration of African indigenous entrepreneurship and showcases the advantages of the apprenticeship system.
Uchenna Uzo
