Strategic Management, Entrepreneurship And Management
Senior Lecturer
Business Administration
At the Business Administration department office
Appointment on Visitation important
Topic: Strategic Analysis And Business Development Of Selected Manufacturing Companies In Lagos
Description:
One of the major objectives of the business organizations is continuous growth and survival in the business environment.
Business environment is filled with various factors and variables that are
predictable and unpredictable which can make or mar business development. A
comprehensive understanding of the environment where organization operates,
will help it come up with or formulate strategies to achieve its predetermined objectives of increased
profitability and business expansion which are essentials, as such strategic
analysis of the internal and external environment of an organization is critical for business survival.
Strategic analysis is concerned with the process of conducting research on the
business environment within which an organisation operates and on the organisation
itself, in order to formulate a working strategy (BNET Business Directory, 2007). As it
is well known, businesses do not operate in a vacuum but in an environment and
every organization has a purpose or mission to accomplish. For the achievement
of this purpose, strategy has to be crafted inline with the dictate of the industry where organisations operate. This is because, strategy can make organisation's achieve a long term sustainable competitive advantage, as such, large
enterprises have adopted various strategic management practices to guarantee
their fit within the constraints of their environment (Agwu, 2018). Therefore, for an effective strategy to materialize, an analysis of the situation or
environment which the business operates and where the
opportunities and threats lies must be meticulously scrutinized and analyzed. According to Aaker (2009), the
resultant consequence of a strategic analysis is to identify opportunities that can be exploited with its available resources or capabilities and not just
opportunities that cannot be utilized by the firm.
# | Certificate | School | Year |
---|---|---|---|
1. | Ph.D (Business Administration) | Business Administration Department, Lagos State University, Ojo | 2016 |
Technopreneurship and homegrown technology in Nigeria: Experience from selected Technopreneurs in Lagos
Today,
technology has been the key driver of economic and infrastructural development
in many nations of the world. Countries with massive technological breakthrough
and innovations are well respected in the comity of nations, and often tend to
influence the political and economic policies of less technologically endowed nations.
There is no doubt that Africa is at the lowest ebb when it comes to
technological innovations and advancement. This is a continent usually plagued
by famine, war, strife, and illiteracy, all of which combine to make her the
dumping ground for goods produced by technologically advanced nations. Advances
in science and technology are fundamentally altering the way people live,
connect, communicate and transact, with profound effects on economic
development (Chetty, 2012). The importance of technology lies in its manifold
benefits to the human race. Techspirited
(2018) highlighted that due to the application of modern technology and
innovation “our standard of living has increased. Our needs are met with
greater ease. Technology has brought advancements in agriculture, due to which
food production has increased. Owing to the developments in engineering and
architecture, building robust civil structures have been possible. Technology
has boosted every industry, businesses have grown, creating more employment
opportunities. Technology has touched every aspect of human lives, making it
easier, better and different. Technology has changed living condition. Despite the increasing benefits and globalization of
technology, the involvement of developing countries such as Nigeria in
advancing the course and embracement of new technologies and innovations is not
encouraging. However, Siyanbola et al. (2012) noted that developing economies
may be better positioned in the game of global competition if, rather than
exclusively focusing on catching-up at the frontiers, they look inwards
(homegrown) to deploy science, technology and innovation (STI) in specific
areas where they have comparative advantage. These comparative advantages could
then be developed to achieve competitive advantage.
SAKA RAHMON is a Senior Lecturer at the Department of Business Administration
SAKA has a Ph.D in Business Administration from Business Administration Department, Lagos State University, Ojo