Tag Archives: Stakeholders

Citizens’ Participation in the Decentralization Process in Ghana (Published)

Participation in decision-making is the root of democratization, as democratization is widely believed to be rooted in decentralization. As such, citizens’ participation in the decentralization process will bring governance closer to the people. The focus of the study was to explore the views and understandings of citizens about Ghana’s decentralization process. The researcher used the case study design for the study. Both questionnaire and interview protocol were used for data gathering. One hundred and six people in the area were conveniently sampled to become respondents in the study. For the method of data analysis, the researcher used tables and percentages.  The study found out that nearly 25% of the citizens have no or very little understanding of the decentralization process. Even though majority of the citizens took part in local elections, the citizens were not part of the decision making process, planning of developmental projects and paying taxes/levies to the district assembly. The non-performance of Unit Committee Members were found to be the cause of citizens’ non-participation in the decentralization programme even though there were other factors that generally affected the programme in the North Tongu District. The study recommended that the need for some more education in the Decentralization Process for all citizens.          

Keywords: Citizen, Decentralization, Ghana, Participation, Stakeholders

Stakeholders’ Perception of Contribution of Graduates of Women Centre for Continue Education to Economic and Political Development in Northwest Nigeria (Published)

The paper examined the stakeholders’ perception of contribution of graduates of women centre for continue education economic and political development in northwest Nigeria. These stakeholders in education design on the outcome of schooling and the purposes of learning. The population of this study consisted of all the stakeholders in education that comprised the students, graduates, teachers, school administrators, Ministry personnel, Quality Assurances officers in the North-west zone of Nigeria. The population total was 1970 out of this numbers, 1261 respondents were proportionately selected for the study. Four states were selected out of the seven North-western states using purposive sampling technique. 2 research questions were raised for the study and three (3) hypotheses were formulated descriptive  statistics was used to answer  the  research questions .While, chi-square statistical analysis was used to  answer the formulated hypotheses.. The study concludes that there is significant association between stakeholders’ perception of graduates’ contribution to economic and political development in Northwest Nigeria. It was recommended that Stakeholders should therefore advance measures to encourage and motivate women to strive harder and continue the political and economic advancement in Northwest Nigeria.

Keywords: Economic Development, Political Development, Stakeholders, Women Center, graduates

An Exploration of Practical Challenges of Implementing Feasibility Studies in SMES in Cross River State, Nigeria (Published)

This paper situates the implementation of feasibility studies within the context of SMEs using 61 randomly selected small and medium sized firms in Calabar metropolis, Cross River State. Regression result showed effective and efficient implementation of feasibility studies areconstrained by myriad of internal and external factors. These include inexperience,stakeholders’ pressure, unpredictability of policy and regulatory frameworks, unreliability of data/ information and paucity of funds. Overcoming these challenges requires among others, bridging the dichotomy between conceptualization and implementation offeasibility studies, consideration of broader stakeholders’ interests other than profit and organizational flexibility to enable the firms adapt and cope with environmental dynamics. 

Keywords: Conceptualization, Environmental Dynamics, Feasibility Studies, Implementation, Organizational Flexibility, Pressure, Regulatory Framework, Stakeholders

An Exploration of Practical Challenges of Implementing Feasibility Studies IN SMES in Cross River State, Nigeria (Published)

This paper situates the implementation of feasibility studies within the context of SMEs using 61 randomly selected small and medium sized firms in Calabar metropolis, Cross River State. Regression result showed effective and efficient implementation of feasibility studies areconstrained by myriad of internal and external factors. These include inexperience,stakeholders’ pressure, unpredictability of policy and regulatory frameworks, unreliability of data/ information and paucity of funds. Overcoming these challenges requires among others, bridging the dichotomy between conceptualization and implementation offeasibility studies, consideration of broader stakeholders’ interests other than profit and organizational flexibility to enable the firms adapt and cope with environmental dynamics. 

Keywords: Conceptualization, Environmental Dynamics, Feasibility Studies, Implementation, Organizational Flexibility, Pressure, Regulatory Framework, Stakeholders

Can the Supply of Corporate Social Investments by Organisations Meet Stakeholder Demands (Published)

The authors consider how the demand for Corporate Social Investment (CSI) by communities are supplied by AngloGold Ashanti in the form of Corporate Social Responsibility (CSR). Analysis of the demands of the stakeholders were undertaken quantitatively employing statistical tools such as means and standard deviations. With the stakeholder theory as the lens the study found that management were concerned on adherence to rules and regulations whereas employees were concerned about fair procedures for employee assessment and reward, informational justice, appropriate staff benefits and motivational packages, commitment to employee training and development programs, improving fire safety measures and priority for employee security. For the larger community especially those close to the mining sites, their expectation about CSR include contributing to local community infrastructure projects, support for poverty reduction initiatives, assisting in the provision of safe water supply for communities, creating employment opportunities and scholarship programs for needy students. The study concluded that the demands of stakeholders are not met by these organizations due to lack of consultations before the provisions of corporate social investments. It is recommended that AngloGold has to increase investments in social infrastructural projects especially to meet community demands.

Keywords: Corporate Social Investment (CSI), Corporate Social Responsibility (CSR, Demand and Supply, Mining Industry, Stakeholders

Corporate Governance: The Stakeholders Perspective (Published)

The wave of globalization and industrialization trends experienced all over the world has resulted in the emergence of large corporations as well as conglomerates. These large corporations contribute immensely to the social, economic development of their host nations. This paper explores the concept of corporate governance as well as the need for corporate governance. Also examined are the basic principles of corporate governance. The focus of this paper is on the external group of individuals (stakeholders) to the organization. This paper defines them as well as their roles in ensuring corporate governance and wealth creation for the business organization. It concludes by making recommendations on how businesses can strike a balance between achieving organizational goals and stakeholder needs.  

Keywords: Corporate Governance, Management, Stakeholders, corporation

DEFINING THE REAL NEEDS OF WOMEN SMALLHOLDER FARMERS IN VIETNAM: THE IMPORTANCE OF GRASSROOTS PARTICIPATION AND MULTI-STAKEHOLDER COLLABORATION (Published)

In response to gender gap and hardship due to heavy production and domestic tasks of women smallholder farmers in developing countries, this study was conducted under the auspices of the Gates Foundation with an original goal of formulating labour saving strategies and innovations for the rural women in Vietnam. The first five steps of a systems-based Evolutionary Learning Laboratory (ELLab) framework together with other management tools were employed in the first phase of the project during April 2013 to April 2014. The project has identified actual challenges and needs of the target group using appropriate systems approaches, including a flexible use of stakeholder analysis and engagement, and a log-frame approach for evaluation. Interestingly, saving labour was not identified as the highest priority for the women and was ranked second after the need for increasing their income. The outcomes of the study served as feedback and a rationale for reframing the project goal and objectives to address the ‘real issues’, ‘real needs’ and thus appropriate intervention strategies to address the identified challenges of the women farmers in the research area. Process steps of issue identification, rethinking and reframing of the project approach, goals and objectives are discussed and analyzed to prove the value and validity of the unique ELLab processes as an appropriate framework to deal with complex problems in the context of interconnected economic, environmental, social and cultural factors. The findings have not only brought about practical solutions for the women, but also formulated context-based recommendations for funding agencies and local governments.

Keywords: Collaboration, Decision processes, Labour, Participation, Stakeholders, Women smallholder farmers.

POTATO MARKET SURVEY IN KENYA: AN AGRICULTURAL PRODUCT VALUE CHAIN APPROACH (Published)

The Irish potato is a prominent food security and cash crop in Kenya currently second to Maize in importance as the largest consumed staple in the country. The crop, grown mostly by smallholder farmers, provides a source of food, income and employment to many Kenyans. A study to assess the market dynamics of potatoes in the country was carried out between July and September 2013. The Agricultural Product Value Chain (APVC) approach was employed in which stakeholders at critical levels of the potato value chain were interviewed. Purposive judgmental sampling of three producing counties and five consuming towns was done due to their high level of activity. A standardized questionnaire and an interview schedule were used to gather data. Descriptive statistics and proportions were used to describe the results. A total of 570 respondents were interviewed but due to overlapping roles played by some stakeholders operating at more than one level of the value chain, the number of respondents (considered on role play) rose to 679. Results revealed that some potato varieties were popular across the country due to qualities demanded by the market like long shelf life, size and shape of tubers as well as quality of end products like potato chips and crisps. Producers preferred the shortest marketing channel especially direct sales or through organized marketing groups while production depended on price of inputs especially seed, cooking qualities and buyer demands. Demand was found high throughout the year as supply fluctuated with seasons. A number of constraints across the value chain were identified including huge price differentials between farm gate and market sometimes influenced by middlemen, the use of extended bags sometimes weighing up to 200 kilograms, poor enforcement of regulations, inappropriate and inadequate storage facilities and poor physical conditions of the markets. Despite the constraints, the future of the potato business was described as bright with most players in the value chain declaring improvement in business over the previous five year period. The findings had implications on all value chain players and stakeholders

Keywords: Demand, Product value chain, Stakeholders, middlemen, preferences, supply

THE ROLE OF CORPORATE GOVERNANCE AND ITS IMPACT ON THE SHARE PRICE OF INDUSTRIAL CORPORATIONS LISTED ON THE AMMAN STOCK EXCHANGE (Published)

This study examined the principles of corporate governance, and make them known and its importance, and to achieve the goal of this study was to develop a questionnaire composed of (70) items, was distributed to a sample study, the study population consisted of industrial corporations listed on the Amman Stock Exchange, and number (70) Company, and was the study sample directors general and their deputies, managers, administrators and financial exclusively, working in industrial companies totaling (280) as director, due to the large size of the sample was selected a random sample of each company to be the research sample, and by (50%) of them, totaling (140) director in companies included in the study, and after the completion of the identification of the study sample were distributed to them (140) questionnaires were retrieved (125) to identify them, and the percentage of questionnaires suitable for statistical analysis of (112) to identify, has been used by researchers in the study, a set of statistical methods, available in the program Statistical Package for Social Sciences (SPSS), including style regression, and correlation analysis to test the hypotheses.The most important results of the study, that there is an application of the principles of corporate governance in industrial corporations listed on the Amman Stock Exchange. There is increase understanding and awareness of the departments of industrial companies to contribute to the principles of corporate governance. Therefore, this will contribute significantly to the upgrading and advancement of the price of the stock in the companies mentioned. One of the main recommendations recommended by this study , constantly industrial corporations listed on the Amman Stock Exchange to apply the principles of corporate governance, and the continuation of industrial corporations in adherence to the principles of corporate governance, in particular, the principle of the role of stakeholders in corporate governance, and the principle responsibilities of the Board of Directors, and the principle of disclosure and transparency, as they have a significant impact on the share price of the company

Keywords: Corporate Governance, Industrial Companies, Share Price, Stakeholders

THE MANAGEMENT OF CORPORATE SOCIAL RESPONSIBILITY FOR COMPETITIVE ADVANTAGE: A CASE STUDY OF BOSOMTWE RURAL BANK (Published)

The objective of the study was to investigate how Bosomtwe Rural Bank has managed Corporate Social Responsibility practices for competitive advantage. Bosomtwe Rural Bank was used for a case study and twenty-five management and senior staff were sampled for the study. Questionnaires were used to collect data from the respondents. Major findings were that the bank strategically manages CSR and has fully integrated CSR into their business operations. It was also seen that most of the CSR practices of Bosomtwe Rural bank are directed to development of education and community development. It was also identified that major advantage that Bosomtwe Rural Bank enjoys from CSR is enhancement of corporate reputation and relations with key stakeholders. It was recommended that the bank looks for actions that can enhance their reputation and improves relations with key stakeholders and integrate them into their corporate strategy

Keywords: Economic, Ethical, Legal, Philanthropic, Stakeholders, Strategies.