AN ANALYSIS OF THE NIGERIAN MANAGERS AND INVESTORS: THE SIMILARITIES AND DIFFERENCES


AN ANALYSIS OF THE NIGERIAN MANAGERS AND INVESTORS: THE SIMILARITIES AND DIFFERENCES  

CHAPTER ONE

INTRODUCTION

1.1 BACKGROUND TO THE STUDY

Economic development of any nation can only be achieved by incorporating their local investment with the use of foreign skills, technologies, experts and management. For this to be successful, the manager and investors must contribute their best of services. Sometimes, the investor act as the manager and their roles can also be separated (Kim &Seo, 2003). In Nigeria, recession is ravaging the economy; entrepreneurship appears to be the only solution towards economic diversification. The need for Nigerian government to follow this trend came to be very importantconsidering the various efforts of the government to bring investors into the country.

Nigeria as a country has been regarded to be Giant of Africa due to her leading roles in the continent but the country remains to be poor and underdeveloped. The inability of thecountry to develop economically necessitates the need to invite the efficacies foreign investment inflowinto the country. But it was quite unfortunate that African countries in general had not beenbe to attract much attention of investors due to the struggling economies of the region, as well as lack of proper management in host countries. Developing countries including Nigeria have not managed investment to its maximum due to the hostile investment climate (Asiedu, 2002). No matter how important an investor is, the role of the manager cannot be overemphasized.

A manager is a person who manages or is in charge of something. Managers can control departments in companies, or guide the people who work for them. Managers must often make decisions about things. According to Fayol (2008), a French management theorist, managers must be able to do planning, organizing, leading, coordinating and controlling. A business manager is a person who drives the work of others in order to run a major business efficiently and make a large profit. A manager should have working knowledge of the following areas, and may be a specialist in one or more: sales, marketing and public relations; research, operations analysis, data processing, mathematics, statistics and economics; production; finance; accounting, auditing, taxes and budgeting; purchasing; and personnel. Other technical areas in which a business manager may have expertise are law, science, and computer programming.

In many businesses in Nigeria, the role of business manager may grow out of a small business owner's desire to shed some of the multiple roles mentioned above in order to focus on specific aspects of company expansion or market penetration. The business manager for a time may share duties with the investor, as the investor gains trust in the business manager. Ideally, the business manager and the investor work synergistically to ensure that the business of running a successful business is attended to. This can often be a process of the investor relinquishing the functions for which there is a comparative disadvantage for his or her continued involvement (Barro, 2009).

It is true that having a specialization in a particular field such as the above-mentioned (sales, marketing, public relations, finance, etc.), a manager will be able to perform his or her work more efficiently but, despite all the academic qualities that a business manager should have, a business manager should also develop personal qualities that will be helpful in performing his or her work in a more efficient manner. An investor allocates capital with the expectation of a future financial return (Lin, 2015). Types of investments include: equity, debt securities, real estate, currency, commodity, derivatives such as put and call options, futures, forwards, etc. This definition makes no distinction between those in the primary and secondary markets. That is, someone who provides a business with capital and someone who buys a stock are both investors. An investor who owns a stock is a shareholder (Blanchard, 1982).

The main motive of the investor is the assumption of risk in anticipation of gain but recognizing a higher than average possibility of loss. The term "speculation" implies that a business or investment risk can be analyzed and measured, and its distinction from the term "investment" is one of degree of risk. It differs from gambling, which is based on random outcomes. Investors can include stock traders but with this distinguishing characteristic: investors are owners of a company which entails responsibilities

1.2 STATEMENT OF THE PROBLEM

This study is analyzing the similarities and differences between Nigerian managers and investors. The role of managers and investor s has been considered very important to the success of a business. The researcher is examining their various roles within the Nigeria context. Also, a business manager should be willing to accept constructive criticism from the investors, develop social skills, be organized, be honest, be able to take good decisions and develop intimate relationships with his or her subordinate staffs. Also, business managers should be good listeners and listen to the needs of the other employees and customers. This will increase the profit of the investor. In Nigeria for instances, the term investor is associated with a means of getting rich quickly. Historically, the road to successful investment is founded on preparation, with various short-term goals that help smooth the journey to the ultimate and determined financial achievement. From the foregoing, it will be very necessary to provide an analysis of the similarities and differences between managers and investors within the Nigerian context.

1.3 OBJECTIVES OF THE STUDY

The following are the objectives of this study:

1. To examine the similarities between the Nigerian managers and investors.

2. To examine the differences between the Nigerian managers and investors.

3. To identify the roles of Nigerian managers and investors in ensuring business success.

1.4 RESEARCH QUESTIONS

1. What are the similarities between the Nigerian managers and investors?

2. What are the differences between the Nigerian managers and investors?

3. What are the roles of Nigerian managers and investors in ensuring business success?

1.5 HYPOTHESIS

HO: There are no significant differences in the roles of managers and investors in Nigeria 

HA: There are significant differences in the roles of managers and investors in Nigeria 

1.6 SIGNIFICANCE OF THE STUDY

The following are the significance of this study:

1. The findings from this study will reveal in an analytic manner the similarities and differences in the roles of investors and managers in Nigeria.

2. This research will be a contribution to the body of literature in the area of the analysis of the similarities and differences between Nigerian managers and investors, thereby constituting the empirical literature for future research in the subject area.

1.7 SCOPE/LIMITATIONS OF THE STUDY

This study is limited to the analysis of the similarities and differences between Nigerian managers and investors.

LIMITATION OF STUDY

Financial constraint- Insufficient fund tends to impede the efficiency of the researcher in sourcing for the relevant materials, literature or information and in the process of data collection (internet, questionnaire and interview).

 Time constraint- The researcher will simultaneously engage in this study with other academic work. This consequently will cut down on the time devoted for the research work.

REFERENCES

Asideu E (2002). On the Determinants of Foreign Direct Investment to Developing Countries: Is Africa Different? World Development 30 (1) 107-119.

Barro, R. J. (2009). Economic Growth in a Cross Section of Countries. Quarterly Journal of Economics. 106 (2), 407-443 

Blanchard, K. (1982). The One Minute Manager. New York: William Morrow.

Kim, D.D. and Seo, J. (2003). Does FDI Inflow Crowd out Domestic Investment in Korea? 30(6), 605-22

Lin, Tom C.W. (2015). "Reasonable Investor(s)". Boston University Law Review. 95 (461): 466.

.


TYPE IN YOUR TOPIC AND CLICK SEARCH.






RESEARCHWAP.COM

Researchwap.com is an online repository for free project topics and research materials, articles and custom writing of research works. We’re an online resource centre that provides a vast database for students to access numerous research project topics and materials. Researchwap.com guides and assist Postgraduate, Undergraduate and Final Year Students with well researched and quality project topics, topic ideas, research guides and project materials. We’re reliable and trustworthy, and we really understand what is called “time factor”, that is why we’ve simplified the process so that students can get their research projects ready on time. Our platform provides more educational services, such as hiring a writer, research analysis, and software for computer science research and we also seriously adhere to a timely delivery.

TESTIMONIES FROM OUR CLIENTS


Please feel free to carefully review some written and captured responses from our satisfied clients.

  • "Exceptionally outstanding. Highly recommend for all who wish to have effective and excellent project defence. Easily Accessable, Affordable, Effective and effective."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "I saw this website on facebook page and I did not even bother since I was in a hurry to complete my project. But I am totally amazed that when I visited the website and saw the topic I was looking for and I decided to give a try and now I have received it within an hour after ordering the material. Am grateful guys!"

    Hilary Yusuf, United States International University Africa, Nairobi, Kenya.
  • "Researchwap.com is a website I recommend to all student and researchers within and outside the country. The web owners are doing great job and I appreciate them for that. Once again, thank you very much "researchwap.com" and God bless you and your business! ."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "I love what you guys are doing, your material guided me well through my research. Thank you for helping me achieve academic success."

    Sampson, University of Nigeria, Nsukka.
  • "researchwap.com is God-sent! I got good grades in my seminar and project with the help of your service, thank you soooooo much."

    Cynthia, Akwa Ibom State University .
  • "Great User Experience, Nice flows and Superb functionalities.The app is indeed a great tech innovation for greasing the wheels of final year, research and other pedagogical related project works. A trial would definitely convince you."

    Lamilare Valentine, Kwame Nkrumah University, Kumasi, Ghana.
  • "Sorry, it was in my spam folder all along, I should have looked it up properly first. Please keep up the good work, your team is quite commited. Am grateful...I will certainly refer my friends too."

    Elizabeth, Obafemi Awolowo University
  • "Am happy the defense went well, thanks to your articles. I may not be able to express how grateful I am for all your assistance, but on my honour, I owe you guys a good number of referrals. Thank you once again."

    Ali Olanrewaju, Lagos State University.
  • "My Dear Researchwap, initially I never believed one can actually do honest business transactions with Nigerians online until i stumbled into your website. You have broken a new legacy of record as far as am concerned. Keep up the good work!"

    Willie Ekereobong, University of Port Harcourt.
  • "WOW, SO IT'S TRUE??!! I can't believe I got this quality work for just 3k...I thought it was scam ooo. I wouldn't mind if it goes for over 5k, its worth it. Thank you!"

    Theressa, Igbinedion University.
  • "I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much researchwap.com, infact, I owe my graduating well today to you guys...."

    Joseph, Abia state Polytechnic.
  • "My friend told me about ResearchWap website, I doubted her until I saw her receive her full project in less than 15 miniutes, I tried mine too and got it same, right now, am telling everyone in my school about researchwap.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work"

    Christiana, Landmark University .
  • "I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!."

    Musa, Federal University of Technology Minna
  • "I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!."

    Ali Obafemi, Ibrahim Badamasi Babangida University, Niger State.
  • To contribute to our success story, send us a feedback or please kindly call 2348037664978.
    Then your comment and contact will be published here also with your consent.

    Thank you for choosing researchwap.com.