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The Socio-Economic Impacts of Tourism Development in Sierra Leone: A Pilot Study
Alpha Thullah,
Hongna Liu
Issue:
Volume 6, Issue 6, November 2020
Pages:
128-135
Received:
31 October 2020
Accepted:
16 November 2020
Published:
27 November 2020
Abstract: Tourism is a fast-growing industry, and one of the most vital sectors that drive the economic growth of a nation. This current work investigates the socio-economic impact of tourism in Sierra Leone. Therefore, the objectives of this research are to (1) analyze the contribution of tourism to national employment and poverty alleviation (2) analyze the contribution of tourism to the local economy (3) assess the impacts of tourism on destination regions in Sierra Leone. A total of 130 respondents from different works of life are targeted for this study. Results revealed that tourism have provided employment opportunities for many people especially youths. However, the nature of employment ranged from full time to part time. Tourism has also help many locals to establish business enterprises to meet the needs and demands of tourists. This has contributed to local economic growth in most part of the country. Both positive and negative impacts of tourism were identified on this current study. The positive impacts included cultural exchange between tourists and local people, infrastructural development in tourist destination communities or areas, and local currency flow. Soaring crime rates, cultural invasion, high cost of living are some of the negative implications of tourism identified by respondents.
Abstract: Tourism is a fast-growing industry, and one of the most vital sectors that drive the economic growth of a nation. This current work investigates the socio-economic impact of tourism in Sierra Leone. Therefore, the objectives of this research are to (1) analyze the contribution of tourism to national employment and poverty alleviation (2) analyze th...
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Influence of CEOs Power on Their Compensation
Omamo Anne,
Peter K’obonyo,
Florence Muind Florence Muind
Issue:
Volume 6, Issue 6, November 2020
Pages:
136-142
Received:
11 November 2020
Accepted:
23 November 2020
Published:
30 November 2020
Abstract: There is growing concern that over recent decades CEOs tend to earn overwhelmingly more than the average worker. This throws the researchers to question the economic benefit of paying CEOs huge amount of money while we have discouraged workers who may become less productive and therefore lowering the firm profitability. Researchers have taken positions on both sides of the debate over whether the level of CEO’s pay is economically justified or is the result of managerial power. This study sought to establish the extent of power that CEO’s possess among Kenya firms listed at the Nairobi Securities Exchange. CEO’s power was measured in terms of structural power, ownership power, CEO tenure and Board composition. The study used secondary data. Data was collected from 60 firms listed at the NSE. Using a cross sectional design, a regression model was fitted to show the relationship between CEO’s power and CEO’s compensation. Descriptive and inferential results were obtained. The findings revealed that in the Kenyan context CEO’s power does not significantly influence CEO’s compensation. CEO’s pay is market-determined and reflects the bidding by firms for scarce executive talent. The increase in CEO’s pay is due to the rise in incentive compensation that links pay to firm performance and aligns the incentives of managers with those of shareholders.
Abstract: There is growing concern that over recent decades CEOs tend to earn overwhelmingly more than the average worker. This throws the researchers to question the economic benefit of paying CEOs huge amount of money while we have discouraged workers who may become less productive and therefore lowering the firm profitability. Researchers have taken posit...
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The Execution Strategy of Reforming Indian Ordnance Factories (OFB) Through Corporatisation
Jyoti Prakash Dash,
Anuraag Dash
Issue:
Volume 6, Issue 6, November 2020
Pages:
143-150
Received:
16 November 2020
Accepted:
27 November 2020
Published:
8 December 2020
Abstract: The Ministry of Defence (MOD) would like to see Indian Ordnance Factories, also known as Ordnance Factory Board (OFB) grow to the next level of turnover, exports and self-reliance through Corporatisation, a reform that holds the promise of catapulting OFB into the top League of Defence Manufacturers. The Government has formed an Empowered Group of Ministers (EGoM) under the Chairmanship of Raksha Mantri (Defence Minister) to oversee and guide the entire process. This paper examines various aspects of the transformation process and widens the agenda of the debate for successful change management. This paper examines the difference between the Goals, Tools and Values to bring clarity for Strategic Transformation. The paper raises hope that although the statistics of history and research is stacked against Organisational Transformation, it is well possible to drive Transformation and make the turnaround of the organisation with an open-ended exercise, an honest intention centred on the alignment of interest amongst the stakeholders. The paper argues that transformation strategy can work better with focus on the following levers; Strategic Transformation, EcoSystem Transformation, Learning from Past and Best of Class from Industry, Unit and Corporate Level Transformation, Structural Changes from Financial Perspective, Empowerment Mechanism, Talent Management and Employee Concerns and Better Change Management through monitoring of the Consultant.
Abstract: The Ministry of Defence (MOD) would like to see Indian Ordnance Factories, also known as Ordnance Factory Board (OFB) grow to the next level of turnover, exports and self-reliance through Corporatisation, a reform that holds the promise of catapulting OFB into the top League of Defence Manufacturers. The Government has formed an Empowered Group of ...
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Entrepreneurship: An Option to Solving Unemployment Problem Among Nigerian Youths
Issue:
Volume 6, Issue 6, November 2020
Pages:
151-163
Received:
19 November 2020
Accepted:
4 December 2020
Published:
11 December 2020
Abstract: Youth unemployment is a problem that affects developing countries, including Nigeria. Recent research on youths and their involvement in entrepreneurship activities is gaining ground seriously due to the economic downturn that increases unemployment. The study's goals include providing suitable suggestions to promote entrepreneurship, problems confronting youth entrepreneurship, the examination of the role of entrepreneurial education in youth employment, and schemes that boost youth entrepreneurship. Data was collected from the primary source by using a structured questionnaire. The sample was selected using a stratified random sampling technique. The target respondents were youths between the ages of 20 and 40 years. Data was gathered from 220 youth entrepreneurs in Lagos, Nigeria. SPSS and Excel were used to analyse the data. The study found out parents and family influenced their decision to start a business. Lack of access to finance and financial risks were found to be significant demotivators for youths against starting up a business. Education was seen to support the entrepreneurial careers of the respondents. The study also showed that difficulty in attracting funding was a significant problem affecting youth entrepreneurship. The recommendations include Tertiary institutions should train students in entrepreneurship. The government should set up special funds (Loans & Grants) for youth entrepreneurship. Youth should be involved in policy development on entrepreneurship. Capacity-building should be organized often for youth entrepreneurs. More functional incubation centers should be established across the country to breed young entrepreneurs. Established adult and youth entrepreneurs should be encouraged to mentor up and coming, youth entrepreneurs. The government should be consistent in youth entrepreneurship policy. The Government should address the issue of multiple taxations, poor infrastructure, poor planning, corruption, etc. The government should encourage citizens to patronize homemade goods. Bureaucratic bottlenecks concerning government transactions with entrepreneurs should be eliminated. The government should improve the ease of doing business.
Abstract: Youth unemployment is a problem that affects developing countries, including Nigeria. Recent research on youths and their involvement in entrepreneurship activities is gaining ground seriously due to the economic downturn that increases unemployment. The study's goals include providing suitable suggestions to promote entrepreneurship, problems conf...
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Effects of Non-performing Loan on Profitability of Commercial Banks in Nepal
Issue:
Volume 6, Issue 6, November 2020
Pages:
164-170
Received:
25 November 2020
Accepted:
4 December 2020
Published:
16 December 2020
Abstract: Non-performing loan (NPL) is major problem in banking industry. It has play major role for making profit and bank success or failure. The study has examine the effects of non-performing loan on profitability of commercial banks in Nepal with panel data collected from twelve commercial banks of five years from 2013-2014 to 2017-2018 period with the total observations sixty. The multiple regression model has been used to analysis of the data. The Pooled ordinary least square model, fixed effect model and random effect model has been employed to analyzed profitability. The profitability measure by return on equity (ROE) taken as dependent variable whereas non-performing loan (NPL), capital adequacy ratio (CAR), liquidity (LIQ), size of banks (SIZE) and inflation (INF) were independent variables. The result of three different model revealed that the NPL, CAR, LIQ have significant and negatively associated with ROE. Similarly, the SIZE has significant and positive associate with ROE. The INF has positive but insignificant result with ROE. The study concluded that among study variable NPL, CAR, LIQ and SIZE have major role to determine profitability. The INF has does not significantly effect on Profitability. However, the effect of nonperforming loan on profitability very strong. The bankers have sincerely take for the over 90 day's dues. It has rational effect of national economy also.
Abstract: Non-performing loan (NPL) is major problem in banking industry. It has play major role for making profit and bank success or failure. The study has examine the effects of non-performing loan on profitability of commercial banks in Nepal with panel data collected from twelve commercial banks of five years from 2013-2014 to 2017-2018 period with the ...
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Vertical Communication and Employee Performance in Emerging Economy Public Organizations: The Imperatives of Organizational Culture
Korsi Doonu Gbarale,
Sorbarikor Lebura
Issue:
Volume 6, Issue 6, November 2020
Pages:
171-177
Received:
18 November 2020
Accepted:
23 December 2020
Published:
31 December 2020
Abstract: The focus of this paper was to investigate the relationship between vertical communication and employee performance within emerging economy public organizations. Previous studies on organizational communication and employee performance have mostly been undertaken within the context of the private sector, with very few studies focused on the public sector. Hence, the focus of this paper on the exploration of how vertical communication impacts on employee performance, especially considering the moderating role of organizational culture on this relationship. The study adopted the cross-sectional survey as the design for the study and utilized the questionnaire as the primary data collection tool. A total of 461 participants were involved in the study as sourced from the Rivers State Civil Service Commission. Three hypotheses were tested, assessing the relationship between vertical communication and two stated measures of employee performance, namely – employee effectiveness and efficiency (bivariate); and also, that which assessed the moderating role of organizational culture on the relationship between vertical communication and employee performance. The findings showed that vertical communication significantly contributes towards employee performance as evidenced by outcomes such as employee effectiveness and efficiency. There is also evidence that organizational culture significantly moderates the relationship between vertical communication and employee performance. In conclusion, this study affirms that the vertical flow of communication across the organization drives the performance of employees, though this is highly dependent on the culture of the organization.
Abstract: The focus of this paper was to investigate the relationship between vertical communication and employee performance within emerging economy public organizations. Previous studies on organizational communication and employee performance have mostly been undertaken within the context of the private sector, with very few studies focused on the public ...
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