SAKA RAHMON OLAWALE

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