Browsing by Author "OMOLEKAN, Olushola Joshua Ph.D."
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Item FINANCIAL DISTRESS PREDICTION: A SURVIVAL AND TURNAROUND APPROACH(DEPARTMENT OF BUSINESS ADMINISTRATION, UNIVERSITY OF ILORIN, ILORIN, NIGERIA, 2019) OMOLEKAN, Olushola Joshua Ph.D.Item KNOWLEDGE MANAGEMENT AND INNOVATION; ORGANIZATIONAL LEARNING PERSPECTIVE(FACULTY OF MANAGEMENT SCIENCES, UNIVERSITY OF ILORIN, 2018-06) OLOTA, Oluwayomi Omotayo; AUN, Isaac Iortimbir(Ph.D); OMOLEKAN, Olushola Joshua Ph.D.The level of venture mortality rate in the Nigeria business environment is quite startling as a result of the immense global competition. The rate of knowledge management practice is low which is linked to low or lack of innovation. This mortality rate could be linked to lack of innovative capability. Therefore, this study is designed to evaluate the impact of knowledge management on innovation in selected banks in Nigeria. The objectives of the study are: to investigate the relationship between experience sharing and managerial innovation in the banking sector; to examine the effect of knowledge application process on product Innovation in the banking sector. Primary data were obtained through the use of questionnaire. Simple random sampling technique was used to select a sample of 80 respondents from the study population of 185 employees. Correlation (r) analysis was adopted to analyse the relationship between experience sharing and managerial innovation in the banking sector; and multiple regression analysis was used to analyse the effect of knowledge application process on product Innovation in the banking sector. The result of the correlation analysis indicated that there is relationship between experience sharing and managerial innovation and the regression analysis show that knowledge application has a positive high effect on product innovation (R Square of 0.825). The study concluded that knowledge management is not only important for product innovation but also is very necessary for managerial innovation in term of experience sharing from customer, colleagues and across the units in the banks. Therefore, the study recommended that banks in Nigeria should encourage experience sharing through feedback from customer and experiences from employee in order to promote managerial innovation and also encourage knowledge application by the utilization and application of knowledge to solve new problem which will lead to product innovation that is tailored toward customer satisfaction in their organization.Item MARKETABILITY OF FINANCIAL SERVICES IN A COMPETITIVE BANKING ENVIRONMENT: EVIDENCE FROM NIGERIAN BANKING INDUSTRY(FACULTY OF MANAGEMENT SCIENCES, OSUN STATE UNIVERSITY, OKUKU CAMPUS, NIGERIA, 2018-06) MUSTAPHA, Yusuf Ismaila Ph.D; OMOLEKAN, Olushola Joshua Ph.D.; BELLO, Kamal Asola Ph.DThe environment where financial services are marketed is becoming more competitive and this had made the task of marketing of financial services increasingly challenging and highly specialized as a result of the unique features of financial products and services. This paper examines marketability of financial services in a competitive banking environment. It adopted a survey research design to collect the required secondary information and primary data for this work. The primary data was collected through a multiple-options and Likert scale questionnaire that was administered on the staff and customers of the banks under investigation, while the secondary information were collected from textbooks, and Journals. The study employed correlation analysis and chi- square as analytical instrument. The results of the study indicate that there is a relationship between the marketing of financial services and customer satisfaction, and it shows marketing oriented activities have improved the quality of banks' financial services. It was recommended that bank managers should exploit the relationship that exists between marketing of financial products and customers satisfaction by monitoring changes in the needs of target customers and they should also sustain the improvement in the quality of financial services by tracking all dimensions of dynamism in the bank operating environment.Item MODERATING EFFECT OF PRODUCT ATTRIBUTES AND CONSUMERS' EXPERIENCE OPINION POLL OF ONLINE SHOPPERS IN NIGERIA(DEPARTMENT OF MARKETING, FACULTY OF MANAGEMENT SCIENCES, UNIVERSITY OF ILORIN, ILORIN, NIGERIA, 2021) OMOLEKAN, Olushola Joshua Ph.D.Online shoppers perceived opinion on online products varies based on their experiences. The gap expectation variance between the screen displayed and actual products usually occurred in product colour, shape, taste, size. quality price, usability and fitness which affect consumers' satisfaction and trust. Thus, this study examined the influence of product attributes on consumer experience of online shoppers in Nigeria. The latent variables of the study was mediated by consumer demographic attributes to check if there is any significant effect. Survey designed was adopted for the study. The population of the study were active online shoppers in Nigeria. Sample size determination formulae for proportion was used to determine 384 sample size. Structured validated questionnaire was used to elicit information from the respondents through survey monkey online tool with average variance extracted (AVE) as a test of both convergent and divergent validity of more than 0.50, with Cronbach alpha of 0.79 and composite reliability of 0.82. Partial least square algorithms and bootstrapping techniques was used to analyzed the data with the aid of SMARTPLS3. The findings revealed that the identified tangible and intangible product attributes are significant in predicting consumer experience of online shoppers in Nigeria with R² of 0.442, t-value greater than 1.96 and p-value less than 0.05 while consumer demographic variables does not significantly mediate consumer experience. The study concluded that product attributes influence consumers' experience with negative effect mediation from demographic attributes. The study recommended that online retail outlets need to focus on product usability, product fitness, exact product colour display, productprice and shape to enhance consumers 'expectation and satisfaction to encourage repeat patronage.Item Turnaround strategies and recovery of financially distressed quoted oil and gas firms in Nigeria(FACULTY OF MANAGEMENT SCIENCES, UNIVERSITY OF ILORIN, 2020-06) OMOLEKAN, Olushola Joshua Ph.D.The colossal cost consequences of failed businesses are enormous with serious adverse effect on the expected growth and development of any country. Distressed signals are evidence years before the actual business collapse which give rooms for rejuvenation through application of turnaround strategies. Different turnaround strategies have proved effective and otherwise in different situations. Thus, this study evaluates the turnaround strategies used by financially distressed firms in quoted oil and gas firms in Nigeria. The study adopted a longitudinal design and focused on Nigeria oil and gas sector. Both primary and secondary data were elicited through structure questionnaire checklists and Nigeria Stock Exchange factbooks from year 2000 to 2018. The sampled firms comprise of those companies that had experienced distress at one time or the other and recovered within the sampled periods using multiple discriminant model. The turnaround strategies considered in the study include; employees' layoff, asset restructuring, management change, debt restructuring and dividend cut. The data was analysed using descriptive statistics, multiple discriminant analysis and Friedman test. The findings revealed that there are significant differences in the turnaround strategies as they improve performances throughout the sampled periods. The study concluded that the identified turnaround strategies were effective towards the rejuvenation of the distressed firms. It was recommended that strategic actions such as asset restructuring dividend cut/omission among others should be used first in surviving the hard times depending on the cases of distress before resolving to employee 's layoff.