This document summarizes a study that investigated the impact of production improvement functions on the equity capital of manufacturing firms in Nigeria. The study surveyed 62 manufacturing firms listed on the Nigerian stock exchange. It found that production planning and control have a significant positive impact on enhancing equity capital, while production scheduling alone has an insignificant influence. This implies that effectively implementing production improvement functions, including aspects like planning and control, can help boost productivity and the equity capital of manufacturing firms in Nigeria. The study recommends that Nigerian manufacturers operationalize production improvement strategies to restore the industry and support economic development.
Production improvement function and corporate growth in the nigerian manufact...Alexander Decker
This document discusses a study that investigated the impact of production improvement functions on corporate growth in the Nigerian manufacturing industry. The study analyzed data from questionnaires distributed to 80 manufacturing firms. The findings revealed that production planning and control have a significant impact on industry growth, while production scheduling has an insignificant influence. The study recommends that Nigerian manufacturers should more effectively implement production improvement functions, especially scheduling, in order to strengthen the industry and drive economic development.
Production improvement function and corporate operational efficiency in the n...Alexander Decker
This document summarizes a study that investigated the impact of production improvement functions on corporate operational efficiency in the Nigerian manufacturing industry. The study found that:
1) Production planning has a significant positive impact on operational efficiency.
2) Production scheduling has an insignificant and weak influence on operational efficiency.
3) Production control has a significant positive relationship with operational efficiency.
The study concludes that production improvement functions significantly affect operational efficiency in Nigerian manufacturing firms, with planning and control having more impact than scheduling. It recommends that firms fully utilize production improvement functions, especially scheduling, to improve efficiency.
This document summarizes and discusses previous research on the importance of innovation in manufacturing sectors. It first reviews a study that found firms that innovated were 7% more productive and financially successful compared to those that did not. It then examines research linking innovation, R&D spending, and economic growth in China. Finally, it discusses a study of Pakistan that found internal firm characteristics like size and external factors significantly influenced firms' innovative behaviors and performance.
This document summarizes a study that examines the relationship between just-in-time (JIT) production, manufacturing strategy, and their impact on JIT performance. The study constructs scales to measure key components of JIT production and manufacturing strategy. It then analyzes the relationship between these factors and the impact of manufacturing strategy on JIT performance for machinery, electrical/electronics, and automobile industries in Japan, the US, and Italy. The results show manufacturing strategy has a positive and significant impact on both JIT production implementation and JIT performance levels after controlling for industry and country effects.
This document examines the relationship between distribution strategies and competitive advantage in Nigerian Bottling Company. It analyzes three distribution strategies used by Nigerian Bottling Company: branch network strategy, multiple distribution strategy, and electronic distribution strategy. The document reviews literature on distribution strategies and competitive advantage. It then describes the research methodology, which uses a survey design with 281 marketing staff as the sample. Regression analysis is used to analyze the relationship between the distribution strategies and competitive advantage. The findings are expected to help Nigerian Bottling Company understand which distribution strategy provides the most competitive advantage.
1) The document discusses strategic productivity through marketable technology and how technology managers can increase productivity.
2) It explains that organizations can improve productivity by basing employee pay on technology performance rather than just time.
3) The article also examines how organizations can develop their knowledge, technology, and culture assets to motivate employees and improve performance.
Relationships among Structural Adaptations, Strategy Implementationa and Perf...Prof. Peter Kihara
This document examines the relationships between structural adaptations, strategy implementation, and performance of manufacturing small and medium enterprises (SMEs) in Thika Sub-County, Kenya. It finds that structural adaptations, formalization, and specialization are positively and significantly related to SME performance, while centralization is positively but insignificantly related. The study used a mixed research design and questionnaire to collect primary data from 115 SMEs, analyzing the data using correlation and regression. It concludes that formalization and specialization are key determinants of superior performance for SMEs, while centralization does not necessarily contribute to better performance in the dynamic SME environment in Kenya.
Factors Affecting the Development of Innovation Management Related to Industryijtsrd
In this article given an overview of the main factors influencing the innovation activity of the regional industrial complex. The function and factor affecting to the development of innovative management is presented. Dilnoza Norboeva "Factors Affecting the Development of Innovation Management Related to Industry" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-1 , December 2020, URL: https://www.ijtsrd.com/papers/ijtsrd38042.pdf Paper URL : https://www.ijtsrd.com/management/innovation-and-product-dev/38042/factors-affecting-the-development-of-innovation-management-related-to-industry/dilnoza-norboeva
Production improvement function and corporate growth in the nigerian manufact...Alexander Decker
This document discusses a study that investigated the impact of production improvement functions on corporate growth in the Nigerian manufacturing industry. The study analyzed data from questionnaires distributed to 80 manufacturing firms. The findings revealed that production planning and control have a significant impact on industry growth, while production scheduling has an insignificant influence. The study recommends that Nigerian manufacturers should more effectively implement production improvement functions, especially scheduling, in order to strengthen the industry and drive economic development.
Production improvement function and corporate operational efficiency in the n...Alexander Decker
This document summarizes a study that investigated the impact of production improvement functions on corporate operational efficiency in the Nigerian manufacturing industry. The study found that:
1) Production planning has a significant positive impact on operational efficiency.
2) Production scheduling has an insignificant and weak influence on operational efficiency.
3) Production control has a significant positive relationship with operational efficiency.
The study concludes that production improvement functions significantly affect operational efficiency in Nigerian manufacturing firms, with planning and control having more impact than scheduling. It recommends that firms fully utilize production improvement functions, especially scheduling, to improve efficiency.
This document summarizes and discusses previous research on the importance of innovation in manufacturing sectors. It first reviews a study that found firms that innovated were 7% more productive and financially successful compared to those that did not. It then examines research linking innovation, R&D spending, and economic growth in China. Finally, it discusses a study of Pakistan that found internal firm characteristics like size and external factors significantly influenced firms' innovative behaviors and performance.
This document summarizes a study that examines the relationship between just-in-time (JIT) production, manufacturing strategy, and their impact on JIT performance. The study constructs scales to measure key components of JIT production and manufacturing strategy. It then analyzes the relationship between these factors and the impact of manufacturing strategy on JIT performance for machinery, electrical/electronics, and automobile industries in Japan, the US, and Italy. The results show manufacturing strategy has a positive and significant impact on both JIT production implementation and JIT performance levels after controlling for industry and country effects.
This document examines the relationship between distribution strategies and competitive advantage in Nigerian Bottling Company. It analyzes three distribution strategies used by Nigerian Bottling Company: branch network strategy, multiple distribution strategy, and electronic distribution strategy. The document reviews literature on distribution strategies and competitive advantage. It then describes the research methodology, which uses a survey design with 281 marketing staff as the sample. Regression analysis is used to analyze the relationship between the distribution strategies and competitive advantage. The findings are expected to help Nigerian Bottling Company understand which distribution strategy provides the most competitive advantage.
1) The document discusses strategic productivity through marketable technology and how technology managers can increase productivity.
2) It explains that organizations can improve productivity by basing employee pay on technology performance rather than just time.
3) The article also examines how organizations can develop their knowledge, technology, and culture assets to motivate employees and improve performance.
Relationships among Structural Adaptations, Strategy Implementationa and Perf...Prof. Peter Kihara
This document examines the relationships between structural adaptations, strategy implementation, and performance of manufacturing small and medium enterprises (SMEs) in Thika Sub-County, Kenya. It finds that structural adaptations, formalization, and specialization are positively and significantly related to SME performance, while centralization is positively but insignificantly related. The study used a mixed research design and questionnaire to collect primary data from 115 SMEs, analyzing the data using correlation and regression. It concludes that formalization and specialization are key determinants of superior performance for SMEs, while centralization does not necessarily contribute to better performance in the dynamic SME environment in Kenya.
Factors Affecting the Development of Innovation Management Related to Industryijtsrd
In this article given an overview of the main factors influencing the innovation activity of the regional industrial complex. The function and factor affecting to the development of innovative management is presented. Dilnoza Norboeva "Factors Affecting the Development of Innovation Management Related to Industry" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-1 , December 2020, URL: https://www.ijtsrd.com/papers/ijtsrd38042.pdf Paper URL : https://www.ijtsrd.com/management/innovation-and-product-dev/38042/factors-affecting-the-development-of-innovation-management-related-to-industry/dilnoza-norboeva
The document summarizes Wickham Skinner's concept of the "focused factory" approach. It discusses how conventional factories try to do too many conflicting tasks with inconsistent policies, hurting competitiveness. Skinner's research found that factories focusing narrowly on a specific manufacturing task for a niche market outperformed conventional plants. The document outlines the characteristics of a focused factory, comparing elements like equipment, workforce management, and organization structure between the conventional and focused approaches. It concludes the focused factory approach helps industries increase competitiveness through specialization rather than just cost efficiency.
This document summarizes a study on implementing the financial strategy of Arena Corner's business plan. It analyzes the feasibility of the sports venue startup's investment using Net Present Value (NPV), Internal Rate of Return (IRR), Payback Period, and Return on Investment (ROI) under optimistic, normal, and pessimistic conditions. The results show that the investment is feasible and profitable under optimistic and normal conditions based on positive NPV and IRR. The payback period is about 2 years under optimistic conditions. Therefore, the financial strategy and business plan of the sports venue startup Arena Corner is concluded to be feasible and capable of attracting the right investors.
Management of working capital in national aluminium company 3 (1)prj_publication
This document analyzes working capital management in the National Aluminium Company (NALCO) over a 15-year period from 1995-1996 to 2009-2010. It aims to evaluate NALCO's management of cash, receivables, inventory, and the impact of working capital management on profitability. The author hypothesizes that cash balances affect operating expenses, provisioning for doubtful debts impacts receivables, inventory levels influence sales, and working capital management impacts profits. Statistical analysis is conducted to test these hypotheses using NALCO's annual reports and secondary data sources.
Finding the relation between make or buy decisions and profitabilityIAEME Publication
This document summarizes a research paper that examines the relationship between make-or-buy decisions and profitability for batch manufacturing industries. The paper reviews literature showing mixed results on the impact of outsourcing on firm performance and profitability. It then describes a survey conducted of batch manufacturing industries to understand their make-buy trends, factors considered in make-buy decisions, and the impact on firm profitability. The goal is to provide guidance to manufacturing industries on make-buy decision-making and how it can impact profitability.
Double Performance Prism: innovation performance Measurement systems for manu...AM Publications
No performance measurement system currently takes into account the innovator dilemma which consists of the necessity of balancing between the exploratory and exploitative innovation activities. This balance remains a major challenge in innovation management. Although small and medium enterprises account for 95% of firms in developed countries, according to Web of Science database, only 1.5% of research papers on innovation and 0.5% of research papers on performance measurement focus on small and medium enterprises. Drawing on the Performance Prism of Andy Neely, this paper develops an innovation performance measurement system for manufacturing small and medium enterprises in order to achieve a balance of exploration and exploitation activities. This model, known as the Double Performance Prism, is based on stakeholder theory. It considers innovation as a solution to customers’ expressed and observed needs. It has been implemented in two manufacturing small and medium enterprises. As key results, an innovation success map and a 10-indicator Innovation Scoreboard emerged from the research and implementation. The aim of these results is to foster the development of an ambidextrous organization. Further quantitative studies will be necessary to validate the proposed innovation map.
Many students struggle to conduct an effective Ph.D. literature review. To write an effective PhD literature review writing, it is an essential factor to synthesize and evaluate it according to the guiding concept of your dissertation or research question.
We can assist with your topic, title, proposal, introduction, methodology, background, evidence, conclusion, recommendations, referencing and appendices.
We can even write you a full Ph.D. thesis to your exact specification or we can revise your work and edit it to improve it.
Our experts will review your dissertation proposal, plans, ideas, introduction - or whatever chapter you completed so far- and create a concise, valuable literature review for you.
Contact Us
India : +91 8754446690
UK : +44-1143520021
Email: info@phdassistance.com
International Journal of Engineering Research and DevelopmentIJERD Editor
Electrical, Electronics and Computer Engineering,
Information Engineering and Technology,
Mechanical, Industrial and Manufacturing Engineering,
Automation and Mechatronics Engineering,
Material and Chemical Engineering,
Civil and Architecture Engineering,
Biotechnology and Bio Engineering,
Environmental Engineering,
Petroleum and Mining Engineering,
Marine and Agriculture engineering,
Aerospace Engineering.
Case Study: Business Management School at the Turkish Republic of North Cypru...journal ijrtem
Abstract : The global mega-trends as the case in the Business Management School (BMS) at Turkish Republic of North Cyprus (TRNC) are leading to increase the levels of their school, dynamism and uncertainty in the corporate environment and outside the country. In an uncertain economy, the BMS needs effective strategies that will enable it to prosper. Traditional leadership approaches have been recognized insufficient by the rapid changes in the knowledge economy. This business need to practice systemic innovation in this fast-changing, knowledge-driven global business landscape in order to remain competitive with the available Universities and Colleges. Strategic administration is random to the span of the association, however will probably happen in a violent business environment. Item separation and cost administration were additionally straightforwardly connected to vital authority. Finally, this study affirmed that viable vital administration practices could help business associations in BMS to upgrade their execution while contending in disorderly and cracked situations. Estimation instruments have additionally been produced, which might be utilized by administrators, experts and different specialists to quantify these marvels in future. Keywords: Strategic, Thinking, Planning, Disorder, Knowledge, TRNC, Leadership
This document proposes a performance management system framework for a government research institution in Indonesia called the Center for Pulp and Paper using the Integrated Performance Management System (IPMS) method. It identifies problems with the institution's current performance such as a lack of innovation and few scientific publications. The proposed framework involves analyzing the institution's internal/external factors, formulating new strategies, and determining key performance indicators and weights based on IPMS variables to measure and improve performance. The framework aims to boost the institution's research and development performance by better linking it to strategic objectives and industry needs.
Effect of TQM Practices on Financial Performance through Innovation Performan...IRJET Journal
1) The document examines the direct and indirect effects of total quality management (TQM) practices on financial and innovation performance in Indian manufacturing companies.
2) It identifies 13 key TQM practices based on a literature review, including leadership commitment, customer focus, supplier quality management, and continuous improvement.
3) The study measures organizational performance through financial performance and innovation performance indicators. A conceptual research framework is proposed to analyze the relationships between TQM practices and these two performance measures.
This document is a project report on the comparative study of Hindalco Industries and Novelis pre- and post-acquisition. It includes an acknowledgement, table of contents, objectives, scope, executive summary, research methodology, literature review, background on the companies, data collection and analysis. The report analyzes the acquisition of Novelis by Hindalco in 2007 by comparing pre- and post-acquisition financial ratios to test hypotheses about changes in profitability, leverage, liquidity, and capital market standards. Statistical tools like the paired sample t-test and Pearson correlation are used to analyze the data collected from annual reports and determine if performance improved significantly post-acquisition.
The impact of balanced scorecard to strengthen the competitiveness of industr...Alexander Decker
This research examines the impact of balanced scorecard (BSC) implementation on strengthening competitiveness in industrial companies in Syria. The researcher conducted a survey of engineering companies to determine the relationship between BSC and three measures of competitive advantage: cost advantage, quality advantage, and environmental advantage. The results found a significant positive correlation between BSC and each of the three competitive advantages. Specifically, BSC implementation was found to enhance a company's ability to reduce costs, improve quality, and enhance environmental practices, thereby strengthening overall competitiveness. The study contributes to understanding how performance management systems like BSC can help companies achieve strategic goals and competitive differentiation.
A Review on Performance Management and Appraisal in Construction Industry Tow...IRJET Journal
This document reviews performance management and appraisal in the construction industry and its impact on project performance. It discusses various frameworks for performance measurement and defines performance management and appraisal. It identifies factors that affect performance like attendance, quality of work, job knowledge, and behavioral factors. The document outlines the objectives, need, and scope of studying performance appraisal in the construction industry. It discusses various researchers' statements on tools for performance evaluation and developing a performance management process. Finally, it concludes that focusing on identified performance, behavioral, grading, personal effectiveness, and social factors can improve employee performance and increase project profits.
Benchmarking internal supply chain performance development of a frame workIAEME Publication
This document presents a framework for benchmarking internal supply chain performance using publicly available financial data. The framework calculates three metrics: total length of supply chain, efficiency of supply chain management, and supply chain working capital productivity. It applies the framework to analyze three fast moving consumer goods companies over four years. The analysis finds that Company C consistently had the best performance on the metrics, with shorter supply chain length, higher efficiency, and higher productivity. The framework provides a way for companies to evaluate their internal supply chain performance and identify areas for improvement by comparing metrics over time and to other companies.
The document presents a framework called IMPaKT (Improving Management Performance through Knowledge Transformation) that links knowledge management strategies to business performance evaluation. The framework is a three-stage process: 1) Developing a business improvement strategy by defining goals and performance measures; 2) Assessing implications for the organizational knowledge base and developing aligned KM initiatives; 3) Evaluating the impact of KM strategies on business performance measures. The framework was developed through research including a literature review and workshops with industry collaborators to validate the approach. It provides templates to guide organizations in strategically implementing KM and evaluating its impact on goals.
Operations research is the application of analytical methods to help decision-makers choose optimal courses of action. It originated during World War II and uses mathematical techniques like linear programming, non-linear programming, and stochastic programming to optimize resource allocation. Linear programming involves maximizing or minimizing a linear objective function subject to linear constraints. Examples of linear programming problems include product mix problems, blending problems, and production scheduling problems.
1 presentation on dynamic adjustment towards target capital structureNajma soomro
This study examines the dynamics of capital structure for Indian manufacturing companies. It finds that companies have target capital structures determined by firm-specific factors like size, tangibility, profitability, and market-to-book ratio. The speed of adjustment to the target leverage is affected by the size of the company, growth opportunities, and the distance between the target and observed leverage. The study contributes to understanding how Indian companies determine and adjust towards their optimal capital structures.
Production improvement function and corporate growth in the nigerian manufact...Alexander Decker
This document discusses a study that investigated the impact of production improvement functions on corporate growth in the Nigerian manufacturing industry. Three hypotheses were tested regarding the relationships between production planning and control, and scheduling, on growth. The study found that production planning and control have significant positive impacts on growth, but that scheduling has an insignificant influence. It recommends that Nigerian manufacturers efficiently implement production improvement functions, especially scheduling, to boost industry growth and development.
Production improvement function and corporate operational efficiency in the n...Alexander Decker
This document summarizes a study that investigated the impact of production improvement functions on corporate operational efficiency in the Nigerian manufacturing industry. The study distributed questionnaires to employees at 80 manufacturing firms and analyzed their responses along with financial statements. The findings showed that production planning and control had a significant impact on operational efficiency, while production scheduling had a weaker influence. The study recommends that Nigerian manufacturers fully utilize production improvement functions, especially scheduling, to improve efficiency and competitiveness.
Firm Characteristics and Financial Performance Evidence from Quoted Manufactu...ijtsrd
This study ascertained the relationship between Firm Characteristics and Financial Performance with a focus on quoted manufacturing firms in Nigeria. The specific objectives are to ascertain the relationship between Leverage, Board Size, and Tobin's Q of quoted manufacturing firms in Nigeria from 2010 2019. This study employed the use of Panel Data and Ex post facto research design. Secondary data were sourced from the publications of Nigeria Stock Exchange NSE and annual reports and accounts of the sampled firms. The data analyses were done through descriptive and inferential statistics. Descriptive statistics was done using trend analysis and multiple comparison of mean standard deviation of variables. Multivariate linear regression analysis via E Views 9.0 statistical software was used to test the hypotheses. The findings of this study are inter alia leverage and board size has significant negative relationship with Tobin's Q at 5 level of significance. It was recommended amongst others that firms need to use proportionate debt financing in relation to total capital financing in order to reverse the inverse relationship between leverage and Tobin's Q. Therefore, firms need to use debt financing up to a point where any extra debt financing reduces net cost to the firm. Okafor, Tochukwu G. | Ossai, Eke Celestine "Firm Characteristics and Financial Performance: Evidence from Quoted Manufacturing Firms in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-6 , October 2021, URL: https://www.ijtsrd.com/papers/ijtsrd47517.pdf Paper URL : https://www.ijtsrd.com/management/accounting-and-finance/47517/firm-characteristics-and-financial-performance-evidence-from-quoted-manufacturing-firms-in-nigeria/okafor-tochukwu-g
Effect of Corporate Governance on Profitability of Quoted Manufacturing Compa...YogeshIJTSRD
The study determined the extent corporate governance affect profitability of quoted manufacturing companies in Nigeria using board size, board independence, directors’ shares and profit margin of quoted manufacturing companies in Nigeria. Only secondary data was used for the successful execution of this research work. Three hypotheses were formulated for this study while data extracted through the financial statement was tested with the Regression statistical tool using the E view 9. The outcome of the analyses carried out showed that board size has negative but significant effect on net profit margin of manufacturing companies quoted on the Nigeria Stock Exchange. It is therefore recommended that board size should be relative to the firm’s business need, scope and complexity. Since no two firms are exactly alike in all ramifications, it is important that an appropriate size be understood to be a function of each firm’s circumstances. Setting arbitrary board size benchmarks will therefore be counterproductive. Okoye, Pius V. C. | Ugwu, Scholastica C. "Effect of Corporate Governance on Profitability of Quoted Manufacturing Companies in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-5 , August 2021, URL: https://www.ijtsrd.com/papers/ijtsrd44953.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/44953/effect-of-corporate-governance-on-profitability-of-quoted-manufacturing-companies-in-nigeria/okoye-pius-v-c
An Assessment of Project Portfolio Management Techniques on Product and Servi...iosrjce
The crises of product and service innovation in most organisations due to global competition and
the need for scientific research in the project portfolio management discipline were factors that motivated this
research. The purpose of this study is to investigate how project portfolio management(ppm) contributes to
product and service innovation. A questionnaire was developed to gather data to compare the PPM methods
used, PPM performance and resulting new product success measures in sixty Nigeria organisations in a diverse
range of service and manufacturing industries. The study findings indicated that PPM practices have a greater
impact in the new product and services success rate. Also, business strategy method result in better alignment
of the projects in the portfolio. This conclusion is supported by the 0.630 Pearson correlations at 0.000
significance between percentage of successful products and PPM performance level. The results reveal that for
better innovation outcomes, management should place a priority on developing and improving PPM.
The document summarizes Wickham Skinner's concept of the "focused factory" approach. It discusses how conventional factories try to do too many conflicting tasks with inconsistent policies, hurting competitiveness. Skinner's research found that factories focusing narrowly on a specific manufacturing task for a niche market outperformed conventional plants. The document outlines the characteristics of a focused factory, comparing elements like equipment, workforce management, and organization structure between the conventional and focused approaches. It concludes the focused factory approach helps industries increase competitiveness through specialization rather than just cost efficiency.
This document summarizes a study on implementing the financial strategy of Arena Corner's business plan. It analyzes the feasibility of the sports venue startup's investment using Net Present Value (NPV), Internal Rate of Return (IRR), Payback Period, and Return on Investment (ROI) under optimistic, normal, and pessimistic conditions. The results show that the investment is feasible and profitable under optimistic and normal conditions based on positive NPV and IRR. The payback period is about 2 years under optimistic conditions. Therefore, the financial strategy and business plan of the sports venue startup Arena Corner is concluded to be feasible and capable of attracting the right investors.
Management of working capital in national aluminium company 3 (1)prj_publication
This document analyzes working capital management in the National Aluminium Company (NALCO) over a 15-year period from 1995-1996 to 2009-2010. It aims to evaluate NALCO's management of cash, receivables, inventory, and the impact of working capital management on profitability. The author hypothesizes that cash balances affect operating expenses, provisioning for doubtful debts impacts receivables, inventory levels influence sales, and working capital management impacts profits. Statistical analysis is conducted to test these hypotheses using NALCO's annual reports and secondary data sources.
Finding the relation between make or buy decisions and profitabilityIAEME Publication
This document summarizes a research paper that examines the relationship between make-or-buy decisions and profitability for batch manufacturing industries. The paper reviews literature showing mixed results on the impact of outsourcing on firm performance and profitability. It then describes a survey conducted of batch manufacturing industries to understand their make-buy trends, factors considered in make-buy decisions, and the impact on firm profitability. The goal is to provide guidance to manufacturing industries on make-buy decision-making and how it can impact profitability.
Double Performance Prism: innovation performance Measurement systems for manu...AM Publications
No performance measurement system currently takes into account the innovator dilemma which consists of the necessity of balancing between the exploratory and exploitative innovation activities. This balance remains a major challenge in innovation management. Although small and medium enterprises account for 95% of firms in developed countries, according to Web of Science database, only 1.5% of research papers on innovation and 0.5% of research papers on performance measurement focus on small and medium enterprises. Drawing on the Performance Prism of Andy Neely, this paper develops an innovation performance measurement system for manufacturing small and medium enterprises in order to achieve a balance of exploration and exploitation activities. This model, known as the Double Performance Prism, is based on stakeholder theory. It considers innovation as a solution to customers’ expressed and observed needs. It has been implemented in two manufacturing small and medium enterprises. As key results, an innovation success map and a 10-indicator Innovation Scoreboard emerged from the research and implementation. The aim of these results is to foster the development of an ambidextrous organization. Further quantitative studies will be necessary to validate the proposed innovation map.
Many students struggle to conduct an effective Ph.D. literature review. To write an effective PhD literature review writing, it is an essential factor to synthesize and evaluate it according to the guiding concept of your dissertation or research question.
We can assist with your topic, title, proposal, introduction, methodology, background, evidence, conclusion, recommendations, referencing and appendices.
We can even write you a full Ph.D. thesis to your exact specification or we can revise your work and edit it to improve it.
Our experts will review your dissertation proposal, plans, ideas, introduction - or whatever chapter you completed so far- and create a concise, valuable literature review for you.
Contact Us
India : +91 8754446690
UK : +44-1143520021
Email: info@phdassistance.com
International Journal of Engineering Research and DevelopmentIJERD Editor
Electrical, Electronics and Computer Engineering,
Information Engineering and Technology,
Mechanical, Industrial and Manufacturing Engineering,
Automation and Mechatronics Engineering,
Material and Chemical Engineering,
Civil and Architecture Engineering,
Biotechnology and Bio Engineering,
Environmental Engineering,
Petroleum and Mining Engineering,
Marine and Agriculture engineering,
Aerospace Engineering.
Case Study: Business Management School at the Turkish Republic of North Cypru...journal ijrtem
Abstract : The global mega-trends as the case in the Business Management School (BMS) at Turkish Republic of North Cyprus (TRNC) are leading to increase the levels of their school, dynamism and uncertainty in the corporate environment and outside the country. In an uncertain economy, the BMS needs effective strategies that will enable it to prosper. Traditional leadership approaches have been recognized insufficient by the rapid changes in the knowledge economy. This business need to practice systemic innovation in this fast-changing, knowledge-driven global business landscape in order to remain competitive with the available Universities and Colleges. Strategic administration is random to the span of the association, however will probably happen in a violent business environment. Item separation and cost administration were additionally straightforwardly connected to vital authority. Finally, this study affirmed that viable vital administration practices could help business associations in BMS to upgrade their execution while contending in disorderly and cracked situations. Estimation instruments have additionally been produced, which might be utilized by administrators, experts and different specialists to quantify these marvels in future. Keywords: Strategic, Thinking, Planning, Disorder, Knowledge, TRNC, Leadership
This document proposes a performance management system framework for a government research institution in Indonesia called the Center for Pulp and Paper using the Integrated Performance Management System (IPMS) method. It identifies problems with the institution's current performance such as a lack of innovation and few scientific publications. The proposed framework involves analyzing the institution's internal/external factors, formulating new strategies, and determining key performance indicators and weights based on IPMS variables to measure and improve performance. The framework aims to boost the institution's research and development performance by better linking it to strategic objectives and industry needs.
Effect of TQM Practices on Financial Performance through Innovation Performan...IRJET Journal
1) The document examines the direct and indirect effects of total quality management (TQM) practices on financial and innovation performance in Indian manufacturing companies.
2) It identifies 13 key TQM practices based on a literature review, including leadership commitment, customer focus, supplier quality management, and continuous improvement.
3) The study measures organizational performance through financial performance and innovation performance indicators. A conceptual research framework is proposed to analyze the relationships between TQM practices and these two performance measures.
This document is a project report on the comparative study of Hindalco Industries and Novelis pre- and post-acquisition. It includes an acknowledgement, table of contents, objectives, scope, executive summary, research methodology, literature review, background on the companies, data collection and analysis. The report analyzes the acquisition of Novelis by Hindalco in 2007 by comparing pre- and post-acquisition financial ratios to test hypotheses about changes in profitability, leverage, liquidity, and capital market standards. Statistical tools like the paired sample t-test and Pearson correlation are used to analyze the data collected from annual reports and determine if performance improved significantly post-acquisition.
The impact of balanced scorecard to strengthen the competitiveness of industr...Alexander Decker
This research examines the impact of balanced scorecard (BSC) implementation on strengthening competitiveness in industrial companies in Syria. The researcher conducted a survey of engineering companies to determine the relationship between BSC and three measures of competitive advantage: cost advantage, quality advantage, and environmental advantage. The results found a significant positive correlation between BSC and each of the three competitive advantages. Specifically, BSC implementation was found to enhance a company's ability to reduce costs, improve quality, and enhance environmental practices, thereby strengthening overall competitiveness. The study contributes to understanding how performance management systems like BSC can help companies achieve strategic goals and competitive differentiation.
A Review on Performance Management and Appraisal in Construction Industry Tow...IRJET Journal
This document reviews performance management and appraisal in the construction industry and its impact on project performance. It discusses various frameworks for performance measurement and defines performance management and appraisal. It identifies factors that affect performance like attendance, quality of work, job knowledge, and behavioral factors. The document outlines the objectives, need, and scope of studying performance appraisal in the construction industry. It discusses various researchers' statements on tools for performance evaluation and developing a performance management process. Finally, it concludes that focusing on identified performance, behavioral, grading, personal effectiveness, and social factors can improve employee performance and increase project profits.
Benchmarking internal supply chain performance development of a frame workIAEME Publication
This document presents a framework for benchmarking internal supply chain performance using publicly available financial data. The framework calculates three metrics: total length of supply chain, efficiency of supply chain management, and supply chain working capital productivity. It applies the framework to analyze three fast moving consumer goods companies over four years. The analysis finds that Company C consistently had the best performance on the metrics, with shorter supply chain length, higher efficiency, and higher productivity. The framework provides a way for companies to evaluate their internal supply chain performance and identify areas for improvement by comparing metrics over time and to other companies.
The document presents a framework called IMPaKT (Improving Management Performance through Knowledge Transformation) that links knowledge management strategies to business performance evaluation. The framework is a three-stage process: 1) Developing a business improvement strategy by defining goals and performance measures; 2) Assessing implications for the organizational knowledge base and developing aligned KM initiatives; 3) Evaluating the impact of KM strategies on business performance measures. The framework was developed through research including a literature review and workshops with industry collaborators to validate the approach. It provides templates to guide organizations in strategically implementing KM and evaluating its impact on goals.
Operations research is the application of analytical methods to help decision-makers choose optimal courses of action. It originated during World War II and uses mathematical techniques like linear programming, non-linear programming, and stochastic programming to optimize resource allocation. Linear programming involves maximizing or minimizing a linear objective function subject to linear constraints. Examples of linear programming problems include product mix problems, blending problems, and production scheduling problems.
1 presentation on dynamic adjustment towards target capital structureNajma soomro
This study examines the dynamics of capital structure for Indian manufacturing companies. It finds that companies have target capital structures determined by firm-specific factors like size, tangibility, profitability, and market-to-book ratio. The speed of adjustment to the target leverage is affected by the size of the company, growth opportunities, and the distance between the target and observed leverage. The study contributes to understanding how Indian companies determine and adjust towards their optimal capital structures.
Production improvement function and corporate growth in the nigerian manufact...Alexander Decker
This document discusses a study that investigated the impact of production improvement functions on corporate growth in the Nigerian manufacturing industry. Three hypotheses were tested regarding the relationships between production planning and control, and scheduling, on growth. The study found that production planning and control have significant positive impacts on growth, but that scheduling has an insignificant influence. It recommends that Nigerian manufacturers efficiently implement production improvement functions, especially scheduling, to boost industry growth and development.
Production improvement function and corporate operational efficiency in the n...Alexander Decker
This document summarizes a study that investigated the impact of production improvement functions on corporate operational efficiency in the Nigerian manufacturing industry. The study distributed questionnaires to employees at 80 manufacturing firms and analyzed their responses along with financial statements. The findings showed that production planning and control had a significant impact on operational efficiency, while production scheduling had a weaker influence. The study recommends that Nigerian manufacturers fully utilize production improvement functions, especially scheduling, to improve efficiency and competitiveness.
Firm Characteristics and Financial Performance Evidence from Quoted Manufactu...ijtsrd
This study ascertained the relationship between Firm Characteristics and Financial Performance with a focus on quoted manufacturing firms in Nigeria. The specific objectives are to ascertain the relationship between Leverage, Board Size, and Tobin's Q of quoted manufacturing firms in Nigeria from 2010 2019. This study employed the use of Panel Data and Ex post facto research design. Secondary data were sourced from the publications of Nigeria Stock Exchange NSE and annual reports and accounts of the sampled firms. The data analyses were done through descriptive and inferential statistics. Descriptive statistics was done using trend analysis and multiple comparison of mean standard deviation of variables. Multivariate linear regression analysis via E Views 9.0 statistical software was used to test the hypotheses. The findings of this study are inter alia leverage and board size has significant negative relationship with Tobin's Q at 5 level of significance. It was recommended amongst others that firms need to use proportionate debt financing in relation to total capital financing in order to reverse the inverse relationship between leverage and Tobin's Q. Therefore, firms need to use debt financing up to a point where any extra debt financing reduces net cost to the firm. Okafor, Tochukwu G. | Ossai, Eke Celestine "Firm Characteristics and Financial Performance: Evidence from Quoted Manufacturing Firms in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-6 , October 2021, URL: https://www.ijtsrd.com/papers/ijtsrd47517.pdf Paper URL : https://www.ijtsrd.com/management/accounting-and-finance/47517/firm-characteristics-and-financial-performance-evidence-from-quoted-manufacturing-firms-in-nigeria/okafor-tochukwu-g
Effect of Corporate Governance on Profitability of Quoted Manufacturing Compa...YogeshIJTSRD
The study determined the extent corporate governance affect profitability of quoted manufacturing companies in Nigeria using board size, board independence, directors’ shares and profit margin of quoted manufacturing companies in Nigeria. Only secondary data was used for the successful execution of this research work. Three hypotheses were formulated for this study while data extracted through the financial statement was tested with the Regression statistical tool using the E view 9. The outcome of the analyses carried out showed that board size has negative but significant effect on net profit margin of manufacturing companies quoted on the Nigeria Stock Exchange. It is therefore recommended that board size should be relative to the firm’s business need, scope and complexity. Since no two firms are exactly alike in all ramifications, it is important that an appropriate size be understood to be a function of each firm’s circumstances. Setting arbitrary board size benchmarks will therefore be counterproductive. Okoye, Pius V. C. | Ugwu, Scholastica C. "Effect of Corporate Governance on Profitability of Quoted Manufacturing Companies in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-5 , August 2021, URL: https://www.ijtsrd.com/papers/ijtsrd44953.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/44953/effect-of-corporate-governance-on-profitability-of-quoted-manufacturing-companies-in-nigeria/okoye-pius-v-c
An Assessment of Project Portfolio Management Techniques on Product and Servi...iosrjce
The crises of product and service innovation in most organisations due to global competition and
the need for scientific research in the project portfolio management discipline were factors that motivated this
research. The purpose of this study is to investigate how project portfolio management(ppm) contributes to
product and service innovation. A questionnaire was developed to gather data to compare the PPM methods
used, PPM performance and resulting new product success measures in sixty Nigeria organisations in a diverse
range of service and manufacturing industries. The study findings indicated that PPM practices have a greater
impact in the new product and services success rate. Also, business strategy method result in better alignment
of the projects in the portfolio. This conclusion is supported by the 0.630 Pearson correlations at 0.000
significance between percentage of successful products and PPM performance level. The results reveal that for
better innovation outcomes, management should place a priority on developing and improving PPM.
Corporate debt policy remained a significant, but a challenging decision for managers entrusted with the responsibility to improve the value of the firm. Thus, this study examines the factors influencing the capital structure decisions of firms in Nigeria. The study employs a panel data regression model to analyze data from firms in Nigeria for the period 2011 to 2015. The result of the empirical analysis reveals that firms in Nigeria have a preference to finance economic operations from retained earnings and the use of short-term debt on rollover basis. The finding of this study confirms that debt decreases with profitability and growth opportunities. The findings show that asset tangibility and firm size have a positive and significant relationship with debt policy of firms in Nigeria. The analysis also reveals that managerial ownership has a negative and significant relationship with debt ratio of firms in Nigeria. The study shows a non-significant positive relationship between non-debt tax shields and debt. The study demonstrates that the trade-off and pecking order theories both explains the factors influencing capital structure decisions of firms in Nigeria. Therefore, this study suggests the need for stakeholders to develop the financial markets and make it accessible for firms to obtain long-term financing for economic growth and development.
Assets Utilization And Performance Of Manufacturing Firms In NigeriaMonica Waters
This document summarizes a study that examined the effect of asset utilization on the financial performance of manufacturing firms in Nigeria. The study used secondary data from 10 quoted manufacturing firms over a 5-year period from 2012 to 2016. Financial ratios like asset turnover, current assets ratio, and debt-assets ratio were used to measure asset utilization and its effect on return on assets (ROA), a measure of financial performance. The results of the regression analysis showed that asset turnover and current assets ratio had a positive and significant effect on ROA, while debt-assets ratio had a negative but insignificant effect. The study concluded that asset utilization has a positive and significant impact on the financial performance of manufacturing firms in Nigeria.
Determinants of firms’ profitability in pakistanAlexander Decker
This document summarizes a research study that analyzed the determinants of profitability of Pakistani firms. The study examined the relationship between capital structure, financial leverage, firm size and corporate profitability. Data was collected from 50 Pakistani companies over 7 years. Regression analysis found a positive correlation between financial leverage and profitability, and between firm size and profitability. It found a negative correlation between capital structure and profitability. The study concluded additional variables could improve the model for determining corporate profitability.
Improving production planning and control through theAlexander Decker
This document discusses improving production planning and control in manufacturing firms in Nigeria through the application of breakeven analysis. It begins by providing context on the transition to a globalized, knowledge-based economy and how manufacturing in Nigeria cannot be left out of global connectivity. It then discusses issues with Nigeria's economic growth and reliance on oil, leading to problems in the manufacturing sector. The study examines applying breakeven analysis as a production planning and control tool in manufacturing firms in Enugu Urban, Nigeria to improve efficiency, meet due dates, generate profits, and reduce scrap. The document provides background on production planning and control, issues facing Nigerian manufacturing, and how breakeven analysis can be a useful tool when applied in this context.
Product diversification and performance of manufacturing firms in nigeriaAlexander Decker
This document examines the effect of product diversification strategy on the performance of manufacturing firms in Nigeria. It analyzes data from listed manufacturing firms from 2006-2010 using panel regression to relate measures of firm performance like return on assets to diversification strategies. The results indicate that larger firm size causes firms to diversify products and diversifying firms have higher returns on assets. However, the relationship between diversification and performance is complex and contingent on factors like industry structure. While diversification may create synergies, it can also increase coordination costs. The implications are that shareholder number influences diversification decisions and debt levels may impact diversification and performance.
Mergers & acquisition and firm performance evidence from the ghana stock exc...Alexander Decker
This research study examined the impact of mergers and acquisitions (M&A) on firm performance in Ghana from 1999-2010. The univariate analysis showed declining profitability after mergers for all firms, with significant differences in pre-and post-merger profitability. The panel data methodology also indicated M&As had a significant negative effect on firm profitability. Additionally, the results showed that risk and firm size had significantly negative relationships with profitability, while debt capital and firm growth enhanced profitability. Prior literature on the impact of M&As on performance has shown inconsistent results, with some studies finding improved performance and others finding losses or mixed/insignificant effects.
Sustainability Reporting and Corporate Performance of Conglomerate and Indust...YogeshIJTSRD
Sustainability reporting remains a continuing concern as stakeholders demand for firms to be more socially, environmentally, and economically responsible continues to increase especially in developing countries like Nigeria. Thus, the study examined the effect of sustainability reporting disclosures of conglomerate and industrial goods manufacturing firms in Nigeria on their market share and return on assets. The study employed an ex post facto research design as data were obtained from the annual report of firms for a period of ten years 2010 2019 . Multiple regression analytical tools with the help of SPSS version 23 were used in analyzing the data for 16 conglomerate and industrial goods firms selected using the purposive sampling technique. The findings revealed that sustainability reporting has positive effect on market share and return on assets of firms studied. Based on the findings, it was concluded that sustainability reporting affects the performance of manufacturing firms and it was recommended that standard setters and government should develop a standard mandatory disclosure framework to ensure consistency and uniformity in reporting and also, companies are encouraged to disclose their economic, social and environmental information all geared to help stakeholders make informed decision. Okoye, Ezinne Chimaram | Ezeagba, Charles Emenike "Sustainability Reporting and Corporate Performance of Conglomerate and Industrial Goods Firms in Nigeria: An Empirical Study" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-5 , August 2021, URL: https://www.ijtsrd.com/papers/ijtsrd44977.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/44977/sustainability-reporting-and-corporate-performance-of-conglomerate-and-industrial-goods-firms-in-nigeria-an-empirical-study/okoye-ezinne-chimaram
This document summarizes a research study that examined the influence of firm size on the financial performance of deposit money banks quoted on the Nigerian stock exchange from 2005 to 2016. The study used a sample of 5 banks and measured firm size as the log of total assets and financial performance as return on assets. Descriptive statistics and correlation analysis were conducted. The results of the regression analyses showed that firm size had an insignificant negative influence on financial performance, indicating diseconomies of scale. The study recommends that banks minimize expansion costs and maximize economies of scale to stimulate financial performance.
Budget and budgetary_control__a_technique_for_checking_and_ensuring_effective...Saad Saad Hussein
This document provides an abstract and table of contents for a study on budget and budgetary control as a technique for ensuring effective and efficient use of resources at Nigerian Breweries. The study aims to empirically investigate whether budgets and budgetary control significantly influence organizational performance. Specifically, it will examine whether return on equity and earnings per share influence Nigerian Breweries' performance, as measured by net income. The document outlines the study's objectives, research questions, hypotheses, significance, and scope. It will use a descriptive research design and statistical analysis to test if budgets impact Nigerian Breweries' performance.
Corporate Governance Committees and Financial Performance An Empirical Study ...ijtsrd
This study examined empirically corporate governance committees and financial performance of healthcare companies. The independent variables are remuneration committees and nomination committees and independent variable was proxied with return on equity. The study used Ex Post Facto research design. Regression analysis was employed to test the hypotheses. The result showed that remuneration committee has a negative effect on return on equity, and this effect was statistically significant at 5 level of significance. While nomination committee has a positive effect on return on equity, and this effect was statistically significant at 5 level of significance. It was suggested that the remuneration committee ensure that the appointed board members have an appropriate balance of skills to successfully discharge their duties. Gina Oghogho Olufemi | Agbo, Innocent Sunny "Corporate Governance Committees and Financial Performance: An Empirical Study of Healthcare Companies in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-2 , April 2023, URL: https://www.ijtsrd.com.com/papers/ijtsrd54006.pdf Paper URL: https://www.ijtsrd.com.com/management/accounting-and-finance/54006/corporate-governance-committees-and-financial-performance-an-empirical-study-of-healthcare-companies-in-nigeria/gina-oghogho-olufemi
Complementarity of Equity and Debt Capital on Profitability of Quoted Consume...ijtsrd
This study ascertained the complementarity of equity and debt capital of quoted consumer goods companies in Nigeria from 2011 2021. Specifically, the study determined the effect of shareholders’ equity and total liabilities on return on assets, return on equity and earnings per share. Purposive sampling technique was employed to select fourteen 14 consumer goods companies from a population of twenty three 23 quoted consumer goods firms in Nigeria. Panel data were used in this study, which were obtained from the annual reports and accounts of sample firms for the periods 2011 2021. Ex Post Facto research design was employed. Descriptive statistics of the dataset from the sample firms were described using the mean, standard deviation, minimum and maximum values of the data for the study variables. Inferential statistics using Multicollinearity test, Pearson correlation coefficient and Panel least square regression analysis were applied to test the hypotheses of the study. The results showed that shareholders’ equity has a positive and significant effect on ROA, ROE and EPS respectively at 5 level of significance, while total liabilities has a negative and significant effect on ROA, ROE and EPS, however, significant at 5 level of significance. This study recommended amongst others that an appropriate mix of equity and debt capital should be adopted in order to increase the profitability of consumer goods firms. Chibuike Charles Okudo | Amahalu, Nestor Ndubuisi | Samuel Oshiole "Complementarity of Equity and Debt Capital on Profitability of Quoted Consumer Goods Firms in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-2 , April 2023, URL: https://www.ijtsrd.com.com/papers/ijtsrd55070.pdf Paper URL: https://www.ijtsrd.com.com/management/accounting-and-finance/55070/complementarity-of-equity-and-debt-capital-on-profitability-of-quoted-consumer-goods-firms-in-nigeria/chibuike-charles-okudo
This document discusses a study on the determinants of capital structure for agriculture sector firms in India. It finds that return on net worth, non-debt tax shield, profitability, and growth are positively related to financial leverage for these firms. Meanwhile, return on capital employed, interest cover ratio, collateralizable value of assets, and size are negatively related to financial leverage. The study uses correlation and regression analysis of data from 18 agriculture sector firms over 9 years to analyze the relationships between leverage and various firm-specific determinants.
Effect of Corporate Governance Committees and Financial Performance of Health...ijtsrd
This study examined empirically corporate governance committees and financial performance of healthcare companies. The independent variables are remuneration committees and nomination committees and independent variable was proxied with return on equity. The study used Ex Post Facto research design. Regression analysis was employed to test the hypotheses. The result showed that remuneration committee has a negative effect on return on assets, and this effect was not statistically significant at 5 level of significance. While nomination committee has a positive effect on return on assets, and this effect was statistically significant at 5 level of significance. It was suggested that the remuneration committee ensure that the appointed board members have an appropriate balance of skills to successfully discharge their duties. Unamma, Amaka Nkiru | Nwachukwu Raphael "Effect of Corporate Governance Committees and Financial Performance of Healthcare Companies in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-7 | Issue-4, August 2023, URL: https://www.ijtsrd.com/papers/ijtsrd59782.pdf Paper Url:https://www.ijtsrd.com/management/accounting-and-finance/59782/effect-of-corporate-governance-committees-and-financial-performance-of-healthcare-companies-in-nigeria/unamma-amaka-nkiru
Effect of Financial Ratios on Firm Performance Study of Selected Brewery Firm...ijtsrd
The study assessed the effect of financial ratios on performance of Quoted Breweries firms in Nigeria. It made use of ex post facto research design. Data were gotten from secondary sources obtained from NSE fact books and annual reports accounts of the selected Breweries Companies. The population of the study consisted of thirteen 13 quoted Breweries firms listed on the Nigerian Stock Exchange as at 31st December, 2018. Four 4 of the quoted Breweries firms are selected to form the sample of the study for the period of nine 9 years 2010 – 2018 . The relevant data obtained were subjected to statistical analysis using Pearson correlation coefficient and regression analysis. The results of this study revealed that there is a significant relationship between current ratio and firm performance but negative effect. Debt equity ratio has a significant effect on return on asset of Nigerian Breweries. The result of the study concludes that Nigerian breweries companies are relatively using an optimal mix of debt to equity which is evident from the significant positive relationship of debt equity ratio with financial performance of the Nigerian Breweries. The researchers recommended that the management should employ all carefulness while financing with long term debt instruments endeavor to find out the best and optimal combination of long term debt and equity that will impact positively on the value of the firm. Agbata, Amaka Elizabeth | Osingor, Arinze Stanley | Ezeala, George "Effect of Financial Ratios on Firm Performance: Study of Selected Brewery Firms in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-5 , August 2021, URL: https://www.ijtsrd.com/papers/ijtsrd45177.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/45177/effect-of-financial-ratios-on-firm-performance-study-of-selected-brewery-firms-in-nigeria/agbata-amaka-elizabeth
Quantitative Analysis on Financial Performance of Merger and Acquisition of I...IJAEMSJORNAL
This document summarizes a research article that analyzes the financial performance of mergers and acquisitions of Indian companies. It provides background on mergers and acquisitions (M&A) and financial performance metrics. It then reviews previous literature on the financial effects of M&As. The research methodology examines financial ratios of 10 major Indian M&As from 2006-2011, comparing pre- and post-M&A periods using t-tests. The data analysis section calculates various financial ratios including return on investment, return on long-term funds, and return on assets. It finds some improvement in ratios for a few firms but overall no significant changes in financial performance after the M&As.
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Women with polycystic ovary syndrome (PCOS) have elevated levels of hormones like luteinizing hormone and testosterone, as well as higher levels of insulin and insulin resistance compared to healthy women. They also have increased levels of inflammatory markers like C-reactive protein, interleukin-6, and leptin. This study found these abnormalities in the hormones and inflammatory cytokines of women with PCOS ages 23-40, indicating that hormone imbalances associated with insulin resistance and elevated inflammatory markers may worsen infertility in women with PCOS.
A usability evaluation framework for b2 c e commerce websitesAlexander Decker
This document presents a framework for evaluating the usability of B2C e-commerce websites. It involves user testing methods like usability testing and interviews to identify usability problems in areas like navigation, design, purchasing processes, and customer service. The framework specifies goals for the evaluation, determines which website aspects to evaluate, and identifies target users. It then describes collecting data through user testing and analyzing the results to identify usability problems and suggest improvements.
A universal model for managing the marketing executives in nigerian banksAlexander Decker
This document discusses a study that aimed to synthesize motivation theories into a universal model for managing marketing executives in Nigerian banks. The study was guided by Maslow and McGregor's theories. A sample of 303 marketing executives was used. The results showed that managers will be most effective at motivating marketing executives if they consider individual needs and create challenging but attainable goals. The emerged model suggests managers should provide job satisfaction by tailoring assignments to abilities and monitoring performance with feedback. This addresses confusion faced by Nigerian bank managers in determining effective motivation strategies.
A unique common fixed point theorems in generalized dAlexander Decker
This document presents definitions and properties related to generalized D*-metric spaces and establishes some common fixed point theorems for contractive type mappings in these spaces. It begins by introducing D*-metric spaces and generalized D*-metric spaces, defines concepts like convergence and Cauchy sequences. It presents lemmas showing the uniqueness of limits in these spaces and the equivalence of different definitions of convergence. The goal of the paper is then stated as obtaining a unique common fixed point theorem for generalized D*-metric spaces.
A trends of salmonella and antibiotic resistanceAlexander Decker
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[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
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Production improvement function and equity capital of firms in the nigerian manufacturing industry
1. European Journal of Business and Management
www.iiste.org
ISSN 2222-1905 (Paper) ISSN 2222-2839 (Online)
Vol.5, No.23, 2013
Production Improvement Function and Equity Capital of Firms in
the Nigerian Manufacturing Industry
1
*G.I. Umoh, 2Ify Harcourt Wokocha,
Management Department, Faculty of Management Sciences,
University of Port Harcourt, Port Harcourt. Nigeria.
2
Office Technology and Management, School of Management Sciences,
Rivers State College of Arts and Sciences, Rumuola Port Harcourt
*
godaks5@yahoo.co.uk
1,
Abstract
This paper investigates the extent to which Production Improvement Function, had affected the Equity Capital of
firms in the Nigerian manufacturing industry. Three hypotheses were formulated and copies of questionnaire
were distributed to eighty respondents in the eighty sampled manufacturing firms from the one hundred in the
industry, that are quoted in the Stock Exchange(Fact Book 2009). Sixty two copies of the questionnaire were
retrieved. These with the financial statements of the firms were used for the analysis. From its findings, the study
revealed that production planning and control have significant impacts in enhancing the equity capital of firms in
Nigerian manufacturing industry; while production scheduling has an insignificant influence on equity capital
alone. This finding implies that production improvement function significantly affects the equity capital of firms
and therefore provides evidence for the claims of Olusegun and Adegbuyi(2010); Olarenwaju(2010);
Poterba(2006); and Ikan(2003). Based on these, the study recommends among others, that the Nigerian
manufacturing industry should efficiently and effectively operationalize the all embracing production
improvement function, especially in the area of production scheduling, in order to restore the industry as the base
of all investment and hence development.
Keywords: Production Improvement Function, Enhanced Equity Capital, production scheduling.
1.0 Introduction
Since the advent of the Industrial Revolution, the world has seen a remarkable growth in the size and
complexity of organizations. An integral part of this revolutionary change has been a tremendous increase in the
division of labour and segmentation of management responsibilities in these organizations. The results have been
spectacular. However, along with its blessings, this increasing specialization has created new problems and
problems that are still occurring in many organizations. One problem is a tendency for the many components of
an organization to grow into relatively autonomous empires with their own goals and value systems, thereby
losing sight of how their activities and objectives could blend with those of the overall organization. In other
words, it could mean that what is best for one component frequently is detrimental to another, so the components
may end up working at cross purposes. A related problem is that as the complexity and specialization in an
organization increase, it becomes more and more difficult to allocate the available resources to the various
activities in a way that is most effective for the organization as a whole. These kinds of problems and the need to
find a better way to solve them provide the impetus for the use of operational research techniques such as
production planning and control. This technique is robust and flexible to accommodate variations in economic
cycles of economies, while still achieving the objectives of organizations in the long and very long-runs.
The European, American and Asian economies found this technique as indispensable in any operation,
irrespective of size and complexity. This very literature is hardly mentioned in any Nigerian operations and if
mentioned it lacked the sincerity behind the philosophy; or else the results could not have been negative while it
is positive in the other countries. For instance, the nation's yearly budgets and development plans should have
given the economy the necessary lead towards achieving stated targets, given the huge resources the economy
has. Instead the economy battles with sunk costs in trying to bailout organizations.
Equity is invested money that, in contrast to debt capital, is not repaid to the investors in the normal
course of business. It represents the risk capital staked by the owners through purchase of a company's common
stock (ordinary shares).
The value of equity capital is computed by estimating the current market value of everything owned by
the company from which the total of all liabilities is subtracted. On the balance sheet of the company, equity
capital is listed as stockholders' equity or owners' equity. It is also called equity financing or share capital.
The book value of equity will change in the case of changes in the firm's assets relative to its liabilities.
For example, a profitable firm receives more cash for its products than the cost at which it produced these goods,
and so in the act of making a profit, it is increasing its retained earnings, therefore its shareholders' equity
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Vol.5, No.23, 2013
(Ezirim, 2005;Weston and Brigham, 2005). This has shown that profitability (productivity) which, according to
Jain and Aggarwal (2008), is the measurement of the economic soundness of the means, can be optimized using
the PIF.
In Jain and Aggarwal (2008), PIF problem requires two major types of decisions. One that relates to the
design of the systems and the other that relates to the operation and control of the system; the relative balance of
the emphasis is on such factors as cost, services, reliability of both functional and time performance which
depend on the basic purpose of the enterprise or institution and the general nature of goods or services being
produced. The problem of this research therefore is to investigate the effect of the application of PIF as a
technique in its entirety on the productivity and hence equity enhancement of manufacturing firms in Nigeria.
Selected manufacturing firms are surveyed to determine and establish empirically the extent and variability of
this application.
It does appear that one of the greatest challenges facing the Nigerian manufacturing sector therefore, is
how it can, like its counterparts in the industrially advanced economies through its PIF turnout quality products
for customers and which can compete favourably, thereby enhancing the productivity and equity potentials in the
Nigerian Manufacturing Industry. It is against this backdrop that, we are compelled to empirically examine the
place of PIF in explaining enhanced equity capital in Nigeria that can assist the economy to achieve positive
results as is the case in advanced economies.
Thinking along the reasoning of Fowge (1997), it is our belief that interest in PIF and enhanced equity
capital has spurred curiosity beyond the capacity of scholars to keep pace with it either theoretically or
methodologically. This seems to us to be the case in Nigeria as we do not find sufficient evidence of empirical
studies on PIF and its impact on equity capital in the Nigerian Manufacturing Industry. Correspondingly
empirical studies on PIF and enhanced equity capital specific-research in Nigeria are scanty (Chinweizu, 1979;
Agbadudu, 1996) although Chase et al (2001) while acknowledging that the models of PIF and enhanced equity
capital have been developed and tested in western countries, advocates that there is a need for more systematic
research to determine whether these models apply elsewhere. It is upon this premise that this study sets out to
examine the impact of PIF on enhanced equity capital (EEC)in the Nigerian Manufacturing Industry with a
view to enhancing organizational effectiveness and competitive advantage.
2.0 Theoretical Foundation.
Two key variables were important to the focus of this study and they were the Criterion Variable – EEC
which depends on the Predictor Variable – PIF. We defined EEC as a measure of productivity. In the same way,
PIF has its dimensions as production planning, scheduling and control. It was assumed that the practices of PIF
will trigger enhanced equity capital through its dimensional effects on productivity.
The objectives and the research questions for the study were drawn from the hypothesized relationships
between the predictor and criterion variables. The framework assumes a straight line relationship between the
predictor variables and the criterion variables. The conceptual framework, which is unidirectional, indicates that
EEC is a function of PIF. This is represented in the following mathematical model:
EEC = ƒ(PIF)
Where:
EEC = Enhanced equity capital
PIF
= Production Improvement Function
From the conceptual framework, EEC is a measure of productivity. The framework also shows the
dimension of PIF as production planning, scheduling and control. Consequently our mathematical model can be
expanded thus:
EEC = ƒ(p, s, c)
Where:
p = planning
s = scheduling
c = control
3.0 Methodology.
The cross sectional survey design is considered most appropriate because what is being investigated is
experiences (Anwuluorah, 1987). Again the range of issues and inter-relations are numerous and diverse. The
study is also a causal study that is intended to identify the effect of the application of PIF on EEC in the
manufacturing industry. The design is expected to reveal the relationship between PIF and EEC. The purpose of
a cross-sectional survey therefore is to generate a body of data in connection with two or more variables, and to
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Vol.5, No.23, 2013
examine and identify patterns of association (Nachimias, and Nachimias, 1981). This design meets our purpose
and enables us to generalize from the result of our sample for the entire population. Furthermore, the causal
investigation is adopted in this study and is built around the purpose of hypothesis testing in which we examined
the causal relationship between PIF and EEC in a non-contrived setting.
3.1 Population of the Study
The population consists of those manufacturing companies quoted in the Nigerian Stock Exchange
(NSE) Factbook of 2009. A total of one hundred (100) manufacturing companies were identified, but a sample
of eighty(80) was drawn for the study using stratified random sampling method. In this case, the proportional
allocation approach was used firstly to determine the number of companies in each stratum (sector) as classified
by the Nigerian Stock Exchange (NSE) Factbook of 2009. Thereafter a simple random sampling technique was
used to select members of the sample frame from each stratum (sector).
3.2 Data Collection Methods
Primary and secondary sources of data collection were explored for this study. The primary data were
gathered through the administration of questionnaire designed using Five-Point Likert-Scale. While the
secondary data were sourced from the companys’ financial statements as reported in the Nigerian Stock
Exchange Factbook of 2009.
The structured questionnaire containing questions relating to PIF with dimensions such as production
planning, scheduling and control as it affects EEC of firms in the Nigerian manufacturing industry were served
on chief executives or senior managers in the production and operations department. The copies of the
questionnaire were administered personally and online (where applicable) by the researcher to the respondents.
Sixty two (62) copies of the questionnaire were retrieved and analyzed.
To generate the qualitative data, we adopted an in-depth personal interview through the use of open
ended questions designed to clarify certain issues and obtain further intricate details about the phenomena under
investigation which were difficult to capture through the structured questionnaire. Sometimes, since the
interviews were conducted after the copies of the questionnaire with their responses have been retrieved, the
interview was also used as a confirmatory test of some of the responses especially those that were not clear.
We observed the operations in the study units. Here, we adopted the socio-technical systems model
(Susman and Evered, 1978). In this respect, the system's framework guided the collection of facts so that they
were organized into an integrated whole about boundaries, transformation of inputs into outputs and the climate
of the operations environment. Secondary data were generated from textbooks, journals, company bulletins,
annual reports of firms and professional bodies. These materials were reviewed to obtain relevant information
about the organisations and the phenomena we have studied.
3.3 Research Hypotheses
In undertaking this study, we were guided by the following hypotheses:
Ho1
There is no significant relationship between production planning and enhanced equity capital
in the Nigerian Manufacturing Industry.
Ho2
There is no significant relationship between production scheduling and enhanced equity capital
in the Nigerian Manufacturing Industry.
Ho3
There is no significant relationship between production control and enhanced equity capital in
the Nigerian Manufacturing Industry.
4.0 Guide to Decision.
This section provides a verification of the hypotheses that were stated earlier using the simple linear
regression analysis.
Production planning has no significant impact on enhanced equity capital in the Nigerian
H01:
manufacturing industry.
In testing this hypothesis, enhanced equity capital as the variable measure for productivity of the
selected companies was regressed with the percentage responses of the influence of plan for production activities
on enhanced equity capital. The result obtained is presented in the table below;
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Table 4.1:
The Impact of Production Planning on Equity Capital
Statement Variables
Co-efficient of correlation
Co-efficient of determination
t-statistic
p-value
Intercept
Partial Regression Co-efficient
Source; SPSS Version 16 Window Output
Values
0.652
0.423
3.175
0.02
123997.494
40466.853
The table shows an R-value of 0.652, which suggests a strong impact of production planning on equity
capital. The analysis shows that changes in production planning accounts for about 42.3% variation in equity
capital, hence the model is of moderate fit. Therefore, the null hypothesis that production planning has no
significant impact on equity capital in the Nigerian manufacturing industry was rejected.
H02:
Production scheduling has no significant influence on enhanced equity capital in Nigerian
manufacturing industry.
In testing this hypothesis, enhanced equity capital as the variable measure for productivity of the
selected companies was regressed with the percentage responses of the influence of schedule for production
activities on cost minimization performance. The result obtained is presented in the table below;
Table 4.2:
The Influence of Production Scheduling on Equity Capital
Statement Variables
Values
Co-efficient of correlation
0.151
Co-efficient of determination
0.023
t-statistic
1.175
p-value
0.245
Intercept
1.851
Partial Regression Co-efficient
.003
Source; SPSS Version 16 Window Output
The table shows an R-value of 0.151, which suggests a weak influence of production scheduling on
equity capital. The analysis shows that changes in production scheduling accounts for about 2.3% variation in
equity capital, hence the model is not a good fit. Therefore, the null hypothesis that production scheduling has no
significant impact on equity capital in Nigerian manufacturing industry, was accepted.
There is no significant relationship between production control and enhanced equity capital in
H03:
the Nigerian manufacturing industry.
In testing this hypothesis, enhanced equity capital as the variable measure for productivity of the
selected companies was regressed with the percentage responses of the influence of production control on equity
capital. The result obtained is presented in the table below;
Table 4.3:
The Relationship between Production Control and Equity Capital
Statement Variables
Values
Co-efficient of correlation
0.701
Co-efficient of determination
0.49
t-statistic
2.777
p-value
0.000
Intercept
6.30036
Partial Regression Co-efficient
40516.012
Source; SPSS Version 16 Window Output
The table shows an R-value of 0.701, which suggests a strong relationship between production control
and equity capital. The analysis shows that changes in production control account for about 49% variation in
equity capital, hence the model is a moderate fit. Therefore, the null hypothesis was rejected.
The following findings were therefore drawn;
1) Plan for production activities enhances equity capital of the firm.
2) Schedule for production activities does not enhance equity capital of the firm.
3) Control of production activities enhances equity capital of the firm.
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5.0
Discussion of Findings
The logical question one may ask at this point is “what do the research findings entail”? Therefore, this
section of the study is focused on a detailed discussion of the research findings by relating them one after the
other to previous studies.
5.1
Production Planning and Enhanced Equity Capital.
The key measure of the success of a firm is its productivity performance; hence business executives
work assiduously to actualize this objective. One of the major means of doing this is through enhanced equity
capital.
In this study, we observed that production planning has a fair significant impact on equity capital and
hence profitability of manufacturing companies in Nigeria. An increase in production planning activity is
responsible for about 42.3% increase in equity capital. These findings do not differ significantly from prior
studies such as Olusegun and Adegbuyi (2010); Everette (2006), Higgins (2001) and Weimer (1999). Olusegun
and Adegbuyi in their study revealed that a significant relationship exist between production planning operations
and organizational output. Everette (2006) reported that forecasting future demand of a firm’s product helps to
eliminate any form of disruption to meet expected demand, which consequently enhances profitability and
shareholders worth of the business. Higgins (2001) observed that firms with effective production planning
system outperform those with an adhoc approach to production operations in around performance measures.
Weimer (1999) revealed that equity capital is significantly low when there is lack of production planning
operations which may result from wastages, error in product design and rework. This implies that productivity as
well as equity capital is enhanced with adequate production planning operations.
5.2
Production Scheduling and Enhanced Equity Capital.
Production scheduling serves to boost production planning and control. It brings about smooth flow of
work throughout the production cycle, prevents conflicts and delays in the use of productive resources and
determines the expected time for the arrival of supplies and the shipping of finished products at minimum costs.
In this research work, it was gathered that production scheduling has a low influence on equity capital
of Nigerian manufacturing firms. Increasing the scheduling of production activity results in 2.3% increases in
equity capital. The absence of a significant influence of production scheduling, could be attributed to lack of
adequate attention given to production scheduling by production managers. Scheduling is not an end in itself but
a means to an end. It boosts production planning and control for improved performance.
Our findings in this study offer support to Olarenwaju (2010) and Poterba (2006). Olarenwaju (2010)
affirms that in order to enhance productivity in Nigerian public service, adequate attention must be given to
proper work scheduling by public administrators. This is equally applicable to private sector organizations. More
so, Poterba (2006), had asserted that the end result of undermining work schedule in business organization is
inefficient operations, low sales revenue and lack of business growth.
5.3
Production Control and Enhanced Equity Capital.
With production control, a firm can meet customer requests for delivery times when feasible, meet the
present goals for inventory levels, and minimize per unit cost of production. We observed in this study that
production control is a veritable weapon for improved productivity performance in Nigerian manufacturing
firms. It was gathered that an increase in controlling production operations leads to 49% increase in equity
capital. A detailed analysis of these findings revealed that even in most organizations where there are no formal
planning, efforts are always made in controlling operations by ensuring that actual output conforms to expected
output.
The outcome of this study aligns with previous studies. Ikan (2003) reported that production control
aids managers in responding to the resulting threats and opportunities. It detects changes that affect the
organization’s products and services, thereby promoting corporate growth. Matsushita (2001), indicated that
customers’ demand for improved design, quality or delivering time from shareholders and management wealth
maximization are mere illusions without effective production control. Abrahamson and Pickle (1990), reported
that value-added to a product or service so that customers will favour the firm's products as against competitors
offer takes the form of above-average quality, which is usually achieved through control procedures.
6.0
1)
2)
Recommendations
Based on the findings of study, the following recommendations were suggested;
Since production improvement function enhances equity capital and hence from productivity
performance, Nigerian manufacturing firms must with seriousness be involved in effective and formal
planning and control of production activity, irrespective of the size and age of the firm.
Nigerian manufacturing firms should embrace the application of advanced manufacturing technology,
such as automated production technology, computer assisted design and manufacturing (CAD/CAM),
robotics and flexible, manufacturing systems.
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Vol.5, No.23, 2013
3)
4)
5)
To ensure effective application of advanced manufacturing technology in the Nigerian manufacturing
industry, professionals with high technical knowhow should be hired by the organization and
effective training programmes should be organized for the organizational members who are to be
affected by the technological advancement.
It is evident from our findings that production scheduling, which is a component part of production
improvement function is generally de-emphasized in most of the companies studied and therefore
hinders the smooth flow of work throughout the production cycle which accounts for its insignificant
influence in enhancing equity capital. It is therefore recommended that adequate attention should be
given to production scheduling by production managers.
There should be a formal relationship between the Nigerian manufacturing sector and the tertiary
institutions. This will go a long way to make research activities and findings efficient and effective.
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Management – A Strategic Approach; Ibadan; Heinemann Publishers
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Godwin Ikpe Umoh is an Associate Professor in the University of Port Harcourt. He has a PhD Engineering
Production, Specializing in Systems, Re-Engineering and Operational Research from the University of
Birmingham, England, UK (1983). His MSC is in Systems Analysis and Operational Research (1981). He has a
Graduate Diploma in Systems analysis and design, from Aberdeen College, Aberdeen, Scotland, U.K. (1980).
He is presently the Head of Department of Management in the Faculty of Management Sciences in the
University of Port Harcourt. He is a member of the Institute of Data Processing London. His areas of
Specialization include Operational research applications in business, Advanced Statistics and Statistical analysis,
Operations/Production Management, Human factors engineering otherwise known as Ergonomics, Management
Information Systems. He is a Fellow, Nigerian Institute of Corporate Administration. He is a Member,
Operational Research Society, UK, Member, Institute of Data Processing, London, Member, Ergonomics
Society, UK, Member, Institute of Production Engineers, Uk. Member, The Academy of Management.
Ify Harcourt Wokocha is a Chief Lecturer with the Rivers State College of Arts and Science. He has a PhD in
Management from the University of Port Harcourt. His area of specialization includes Operations Management.
He is a member of the Nigeria Institute of Management.
130
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