April 15, 2021

Coin Tastic

Business Managements for you

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What is an entrepreneur? In summary, the coronavirus is not leaving our planet any time...

What is an entrepreneur? In summary, the coronavirus is not leaving our planet any time soon. Societies across the globe will need to make adjustments to the new normal. Therefore, organizations cannot continue to stumble through this global environment. That last part is a bit misleading, however. There is no such thing as a “double bottom line”-that of social impact and profit. One should take precedence over the other. If profit is the bottom line of the company, then it only engages in corporate social responsibility and not social entrepreneurship. With the latter, the bottom line is social impact but the enterprise also seeks to be sustainable through the margin of profit it pursues. Your insurance business name must reflect the type of insurance products that you deal with if you choose to specialize in a single product.

Though our country’s economy has over the last couple of decades relied heavily on its oil production, we must find ways to diversify our economy and avoid the over reliance on oil. Like other developing countries, Nigeria is facing an increase in its unemployment rate that is now at 6 {e914618a5d19142cda31f224a9ba65a9421c7ce8515f50778fb51726ae3f9c6f} and is on the increase, with many graduates finding it hard to get jobs while most of those who get jobs are underemployed. This coupled with the global financial crisis in which massive numbers of employees are being laid off; business management is seen as an essential key if we want our country to achieve its ambition of being an industrialized nation by the year 2020. However, in many businesses, the chore of developing leadership competencies is left to human resource managers. In fact, working in a global environment requires a different skill mix. J. Stewart Black, Allen Morrison, and Hal Gregersen, authors of Global Explorers, argue that every global leader has a set of global characteristics regardless of his or her country or industry.

The primary focus of Obasanjo’s policies centred on accelerated development through entrepreneurial education (which he made mandatory for college students of all disciplines) and the creation of conditions favourable to a new business regime built on innovation and adaptability. The federal government has since initiated successive programmes aimed at promoting enterprises through widespread use of technology and socially relevant business models. The extent of success of these and other measures, however, is still a matter of debate. Managers play three types of roles in carrying out their functions. Interpersonal roles are mainly based on face-to-face interactions; through in some cases computerized communications media may be employed. Informational and decision roles are supported by variety of information system, which make information available, assist in decision making and serve as means of communication.