Open Access Original Research Article

Career Planning Strategies and Skills of Ho Polytechnic Students, Ghana

John Tumaku, Etornam K. Kunu, Mathias Kofi Denu

Asian Journal of Economics, Business and Accounting, Page 1-13
DOI: 10.9734/AJEBA/2017/30113

This study seeks to examine how important career planning is to students, to determine sources of information use in making future career decisions, determine career planning activities being employed by students and to determine the factors students consider the most in choosing a career. A descriptive, cross-sectional survey was conducted among 350 randomly selected students of Ho Polytechnic. Both descriptive and inferential statistics were computed during the analysis of the data using both SPSS and Microsoft Excel. Results show that 89% of the respondents indicated that career planning is very important to them whiles the rest 11% of them also indicated that career planning is quite important to them. Also, majority of the respondents indicated that the “Media”, “Parent/guardian”, “Mentor”, “Relatives and peers”, and “Lecturers” were the sources of information for their career planning process. Furthermore, it was found that “Undertaking strategic industrial attachment”, “Talking to people in the job”, and “Undertaking industry career research” were the main career planning activities adopted by most students. Finally, it was revealed that respondents were unanimous on “Pay and working conditions”, “Good working environment”, and “Personal skills and interest” as a factors they consider the most in choosing a career with about 92%, 59%, and 79% agreement respectively. Therefore, since career planning is of much importance to students, management should endeavor to develop a curriculum on career planning in all tertiary institution in the country. It is also recommended that the media, parents, mentors, relatives and peers should make available as much information to their wards to help in one’s career plan. Furthermore, management should thus increase the duration of industrial attachment since it provides students with career planning activities.

Open Access Original Research Article

Empirical Analysis of the Relationship between Poverty and Economic Growth in Ethiopia: Micro-Panel Data Evidence from Amhara Region

Kibrom Kahsu, G. Nagaraja

Asian Journal of Economics, Business and Accounting, Page 1-14
DOI: 10.9734/AJEBA/2017/32642

Reduction of poverty is still a vital concern and main challenge for Ethiopia, the second most populous country after Nigeria, in the SSA. With the government’s consistent implementation of its Poverty-Reduction-Strategy (PRS) Ethiopian households experienced a decade of remarkable progress in wellbeing. Poverty in Ethiopia declined at an annual average of 2.32 percentage points since 1995. Besides, Ethiopia, having registered high economic growth since 2005 at an average of 10.8 percent per annum, stands out as one of the fastest growing economies in the world. Despite all this, Ethiopia is amongst the poorest countries in the world, with a very low human-development ranking, or 174th out of 188 countries according to the UNDP’s human development report 2015. According to the estimation of the WB, About 23 million of Ethiopians live in condition substantially below the basic poverty line and food security remains a major challenge. This study examines the empirical relationship between growth and poverty in Amhara National Regional State (ANRS) of Ethiopia.  The study estimated the fixed effects models (FEM) using panel data from four household income, consumption and expenditure (HICE) surveys conducted in the region between the period 1995/96 to 2010/11 by the central statistics authority (CSA) of Ethiopia.

The FEM estimation results of this study indicated that growth in average expenditure per capita of a household and change in inequality has a negative and significant and positive insignificant effect on poverty in the ANRS, respectively, implying that growth plays a pivotal role on reducing poverty and a rise in inequality lead to a rise in poverty in ANRS. The study has also revealed that growth contributes far more towards reducing poverty, keeping inequality constant, than the latter does to increasing poverty, holding the former constant. Besides, estimation of the net effects of growth on poverty indicated that the absolute magnitude of the net elasticity of poverty to growth is smaller than that of the gross elasticity of poverty to growth, implying that some of the growth effect on poverty is offset by the increase in inequality. Based on the finding of this study, we recommend that, at a policy level, in order to deal with poverty problems effectively, the government should implement policies focusing on growth as well as redistributing income in favour of the poor and middle class households in all administrative zones of the region.

Open Access Original Research Article

Impact of Interest Rate on Portfolio Management in Nigeria

Ademola E. Ayodele, Babatunde Afolabi, Awoniyi C. Olaoye

Asian Journal of Economics, Business and Accounting, Page 1-10
DOI: 10.9734/AJEBA/2017/32882

This study carried out an investigation on the impact of interest rate on portfolio management in Nigeria. Specifically the study analyzed the impact of interest rate on both long term and short term portfolio investments in Nigeria using secondary data sourced from Central bank of Nigeria statistics bulletin and National bureau of statistics for the periods covering 1985 to 2014. The study employed the techniques of co-integration and error correction model, it was discovered that on the long run interest rate specifically prime lending rate significantly influenced portfolio management both on long and short term basis and that total savings exert significant positive impact on the portfolio investment both on long and short term basis. Hence the study recommended that monetary authorities should ensure that the nexus between interest rate and portfolio management is taken into consideration in the process of policy formulations.

Open Access Original Research Article

Strategy Implementation and Its Effect on Superior Performance and Competitive Advantage of Smes in Kogi State, Nigeria

Juwon Johnson Orugun, Akeem Tunde Nafiu, Danlami Joseph Aduku

Asian Journal of Economics, Business and Accounting, Page 1-13
DOI: 10.9734/AJEBA/2017/33185

This study focused on strategy implementation and its effect on superior performance and competitive advantage of SMEs in Kogi State. Based on the nature of the study, survey research method was used. The study focused on selected SMEs with random population of 1886. The study adopted convenience sampling technique. The sample size (330) was determined through Taro Yamane method. The study analyzed data using descriptive statistics and regression model. It was found that strategy implementation of SMEs has significant effect on superior performance relative to other competitors in Kogi State. The study concluded that when strategy is successfully implemented, it has consequences on organizational performance. The study therefore recommends that SME owners should ensure the successful implementation of their business strategy to outperform other competitors within the same business environment in Kogi State, Nigeria.

Open Access Original Research Article

Strategic Use of Exit Interviews: The Art of Retention

Md. Sajjad Hossain, Samiha Tasnim Himi, Junayed Al Ameen

Asian Journal of Economics, Business and Accounting, Page 1-12
DOI: 10.9734/AJEBA/2017/33095

Skilled human resource is considered to be one of the key drivers of company performance and sustainability. But retaining skilled employees is presumably a tough and multifaceted task for the organizations. This paper has applied multiple case study method based thematic coding technique, a qualitative research approach, to investigate the strategic use of exit interview data for policy revision and its subsequent impact on employee retention. The findings suggest that exit interview information is used for revising organization policies, for introducing new benefit policies at times. Sometimes based on exit interview information job profiles get changed too. All in all, the strategic use of exit interview data can eventually enable companies to retain their key employees.