Browsing by Author "Njoku, Chukwuemeka Nnamdi"

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    EFFECT OF DIGITAL TECHNOLOGY ON SUSTAINABILITY OF FASHION DESIGN BUSINESSES IN KEFFI LOCAL GOVERNMENT AREA OF NASARAWA STATE
    (Department of Entrepreneurship, Nasarawa State University, Keffi, 2024-07-06) Omorohwovo, Trust; Njoku, Chukwuemeka Nnamdi; Paul, Vincent
    Digital technology is rapidly transforming the fashion industry, and fashion design businesses in Nigeria are no exception. This study explored the effect of the adoption of digital technology on the sustainability of fashion design businesses in Keffi Local Government Area of Nasarawa State, Nigeria. The study adopted a casual research design involving the use of quantitative methods in which primary data was collected from a cross section of 91 owners of fashion design businesses in Keffi. Partial Least Squares Structural Equation Modelling (PLS-SEM) was employed for data analysis. Findings indicated that digital technology adoption was a positive and statistically significant determinant of Financial Performance, Market Expansion and Competitiveness as proxies of Sustainability. This necessitates the strategic adoption and integration of digital technology in business operations in maximizing efficiently and effectiveness. There is also the need for leveraging digital technology tools such as social media by fashion design business owners in reaching a wider market base.
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    Effect of Risk Management Practices on the Growth of Small and Medium Scale Enterprises in Abuja, FCT Nigeria
    (Department of Entrepreneurship Studies, Nasarawa State University Keffi, 2022-05-05) Paul, Vincent; Njoku, Chukwuemeka Nnamdi; Barde, Barnabas E.
    The study examined the effect of risk management practices on the growth of small and medium scale enterprises (SMEs) in Abuja, FCT, Nigeria. The study adopted a descriptive research design to determine the relationship between the variables using multiple regression analysis. The study found that risk monitoring and risk management practices; have a positive effect on the growth of SMEs in Abuja, FCT. From the findings, the study recommends that SMEs need to adjust their risk management models such as ERM. Institutionalize the risk management process and integrate it into their organization's daily life. This will ensure that SMEs in Abuja, FCT meet international standards and are globally competitive. Furthermore, administrators need to use information technology for risk management by performing more accurate risk assessments and measurements and installing information systems that can monitor and ensure the effectiveness of risk management procedures. These are recommended in a situation when training employees on business risk management policies and clearly defining risk management roles and responsibilities.
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    ENTERPRISE RISK MANAGEMENT ANDTHE GROWTH OF SMALL AND MEDIUM SCALE ENTERPRISES IN FCT ABUJA, NIGERIA
    (Department of Entrepreneurship Studies, Nasarawa State University Keffi, 2022-01-03) Njoku, Chukwuemeka Nnamdi; Paul, Vincent; Agu, Monica Nnenna
    Over the years, risk management has become a priority for all sectors of the economy. Through risk management, £organizations can ensure that they will achieve the desired results, reduce the impact of threats to acceptable levels, and increase opportunities to seize opportunities. Based on this, the study examined the effect of enterprise risk management on the growth of SMEs in FCT, Abuja. The study adopted a descriptive research design to determine the relationship between the variables using multiple regression analysis. The study found that risk assessment, risk mitigation and risk implementation have positive effects on the growth ofS MEs in FCT, Abuja. From the findings, the study recommends that SMEs need to educate their employees about the importance of enterprise risk management. To ensure efficient and effective risk management, since the risk management process is performed by the employees in the enterprises. Highly qualified personnel serve as the first line of defence to protect the organization and reduce risk. No matter how many processes and procedures in the SMEs sector have been developed and enhanced, they will not protect the organization unless performed by qualified personnel.