Advances In Management

Indexed in SCOPUS, Chemical Abstracts Services, UGC, NAAS and Indian Citation Index etc.

Advances In Management

Vol. 12(4) December 2019

Analysis of the impacts of trade openness on Nigerian Economic growth

Arulogun Olaleye Ola, Adebayo Moses and Oladipo Jacob Olubukola

Page No: 1-7

This study evaluated the impacts of trade openness on economic growth in Nigeria using relevant data from publications of the Central Bank of Nigeria (CBN) Statistical Bulletins and National Bureau of Statistics (NBS). The data covered a 40-year period between 1971 and 2010. Multiple regression analysis technique (Ordinary Least Square (OLS) method) was used to analyze the relationship between the dependent variable (Gross Domestic Product) and independent variables (FDI, external debt, degree of openness, export and import). The coefficient of determination (R2) to the tune of 86.3% (approximately 86%) was supported by high value of adjusted R2 which stood at 0.8381 (83.8%) connoting that the independent variables incorporated into this model have been able to determine variation of Gross Domestic Product (GDP) to the tune 83.8%.

Also, F probability statistics also confirmed the significance of the model. Likewise, findings to establish a long run association between dependent and independent variables indicated that trade openness had positive impact on Gross Domestic Products in the long run where the coefficient of multiple determinations (R2) of 0.9290 or 93 percent variation in the observed behaviour in the GDP is jointly explained by the independent variables. In view of these, all the components of international trade forming independent variables of the study should be accurately managed so that their importance could be continually felt in the Nigerian Gross Domestic Product positively.

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Defining Compliance Metric for Management Appraisal

Maurice Ayuketang Nso

Page No: 8-10

This study aims to define compliance matric to enable management in evaluating the works of their compliance programs, initiatives, projects and department. These matrices are- the return on compliance investment on a compliance program and the return on capital employed on a compliance program. These should help management defined key achievable compliance performance indicators that are comparable to the obtained compliance output of the compliance unit or program.

Using an association pictogram to map the relationship between the compliance metrics, it is evident that compliance performance metric depends on compliance risk metric, compliance process metric and compliance activities metric. These metrices overlap with one another. The pictogram reveals further questions that other compliance and related researchers may undertake to investigate for a thorough comprehension on compliance metric.

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Organizational Socialization: The Role of Dual Supervisory Relationships in Newcomer Adjustment

Jahantab Farid

Page No: 11-22

Integrating relative deprivation theory and social comparison principals with leader-member exchange (LMX) conceptual foundation, we develop a model to examine the effects of different supervisor-newcomer relationships on a newcomer socialization in a dual supervisory context. Specifically, it is proposed that the level of alignment or misalignment between supervisory relationships contributes to a meaningful variance in the newcomer self-efficacy and perception of person-organization (PO) fit beyond the effects of individual LMXs.

In addition, the effects of supervisors’ organizational rank and newcomers’ discretion about decisions over level and frequency of different exchanges on the relationships between supervisory relationships misalignment and newcomer adjustment are proposed.

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Digitization and digitalization in pharmaceutical industry: opportunities and challenges in India

Upadhyaya Sanjay Kumar

Page No: 23-29

Digitization has become an indispensable function of business. Indian pharma is in infancy phase of digitization and digitalization. In the initial stages every sector and industry resist the changes initiated. But change is the law of life for betterment. There are many challenges facing the Indian pharma industry which is highly and intensively regulated by the Government of India. However, digitization and digitalization bring transparency, accuracy, increased productivity and cost effectiveness besides speeding up of services.

In this study, the Indian pharma sector is studied in terms of its growth, market size in relation to global figures and then the concept of digitization and digitalization in pharma is introduced and a small survey of the perceptions of medical representatives is undertaken and this is followed by a list of challenges.

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