The Impact of Global Economic Crisis on the Nigerian Business Environment Analytical Essay by Nicky

An analytical essay on the global economic crisis and its impact on Nigeria.
# 150489 | 5,436 words | 10 sources | APA | 2011 | US
Published on Feb 21, 2012 in Business (International) , Economics (International)


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Description:

This paper provides analysis of the global economic climate and its impact on the Nigerian business environment. Opening with a description of Nigeria's economics, the paper continues on to provide a problem analysis. This is done by providing a series of research questions in which a bulk of the research is done by answering these questions. Using the history of Nigeria's business risks and successes, as well as various economic models and theories, the writer concludes that Nigerian Officials reacted with some positive and negative decisions that helped grow GDP but failed the stock market.

Outline:
Introduction
General Description of the Nigerian Business Environment
Problem analysis
Purpose of Study
Relevant Research Questions
Statement of Hypothesis
Definition of Terms/ Concepts
Delimitation (Scope) of the Study
Significance of the Research problem and the jurisdiction for investigating it
Review of Literature
Research Tools
Historical Background
Model(s) and or theories relevant to the research questions and hypothesis
Current Literature based on each of the relevant variables of the model or theory
Summary of Chapter

From the Paper:

"Another challenge for the business environment belongs to the demographic category and refers to the reduced life expectancy of the population - only 46 years. In the highly developed western economies, a 46 years old employee is a useful addition to an organization as he is highly trained and skilled and the investments in training him are minimal, while the benefits are highly increased. In Nigeria on the other hand, employees may well not even reach the age of 46. A second demographic challenge is posed by the very high risk of contracting an infectious disease. This is threatening for all employees, as well as potentially foreign manager/ owner and increased absenteeism due to infectious disease generate increased financial loses.
"In terms of a structure of the Nigerian business environment, it becomes obvious that the country is showing a deficit relative to small and medium size enterprises. The reasons why SMEs fail to succeed in this environment generally revolve around denaturized public perceptions over their activities, political instability, economic turmoil or the failure of the national authorities to support these types of organizations. Additionally, poor infrastructure, political corruption and an uneven distribution of natural and human made resources also constitute reasons why the SME community plays a reduced role within Nigerian business (Mumbula, 2002)."

Sample of Sources Used:

  • Little, K.L., 1973, African Women in Towns: An Aspect of Africa's Social Revolution, CUP Archive, ISBN 052109819X
  • Mambula, C., 2002, Perceptions of SME Growth Constraints in Nigeria, Journal of Small Business Management, Vol. 40
  • Manby, B., 1999, The Role and Responsibility of Oil Multinationals in Nigeria, Journal of International Affairs, Vol. 53
  • Smythe, H.H., Smythe, M.M., 1960, The New Nigerian Elite, Stanford University Press, ISBN 0804705216
  • Soludo, C.C., 2009, Global Financial and Economic Crisis: How Vulnerable is Nigeria?, Central Bank of Nigeria, Retrieved from http://www.cenbank.org/OUT/SPEECHES/2009/GOVADD-21-1-09.PDF on June 9, 2009

Cite this Analytical Essay:

APA Format

The Impact of Global Economic Crisis on the Nigerian Business Environment (2012, February 21) Retrieved December 06, 2022, from https://www.academon.com/analytical-essay/the-impact-of-global-economic-crisis-on-the-nigerian-business-environment-150489/

MLA Format

"The Impact of Global Economic Crisis on the Nigerian Business Environment" 21 February 2012. Web. 06 December. 2022. <https://www.academon.com/analytical-essay/the-impact-of-global-economic-crisis-on-the-nigerian-business-environment-150489/>

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