Study On The Strategies For Managing Environmental Factors In Business Organisaitons
(A Study Of Some Selected Manufacturing Firms In Enugu State Nigeria)
In contemporary business environments, navigating the complexities of environmental factors requires a strategic approach to sustainability and resilience. Enterprises are increasingly adopting eco-conscious practices to mitigate the impact of their operations on the environment while simultaneously leveraging opportunities for innovation and growth. One fundamental strategy involves implementing eco-friendly initiatives such as energy-efficient technologies, waste reduction programs, and sustainable supply chain practices. Embracing renewable energy sources and reducing carbon emissions not only aligns with regulatory requirements but also enhances brand reputation and fosters stakeholder trust. Additionally, businesses are integrating environmental considerations into their strategic decision-making processes, recognizing the interconnectedness between ecological health and long-term financial viability. This entails conducting thorough environmental assessments, identifying potential risks, and proactively addressing them through adaptation and mitigation measures. Collaborative partnerships with environmental organizations, governmental bodies, and local communities are instrumental in fostering a holistic approach to sustainability, driving innovation, and ensuring accountability. By embracing a holistic approach that balances economic prosperity with environmental stewardship, businesses can cultivate resilience in the face of environmental challenges while simultaneously capitalizing on emerging opportunities for sustainable growth.
This research work is aimed at finding out the strategies for managing environmental factors in Nigerian business organizations. A total number of one thousand employee which include the workers and top management staff.
Questionnaire was the major instrument used in collecting data from the sample size of the population in conjunction with personal interviews, while the content of the questionnaires were presented and analysed using simple tables and percentages, the two hypothetical questions were tested using the chi-square statistical tool.
The following findings were made, that goal attainment is affected by environmental uncertainty. Business environment has an impact on manufacturing firms productivity and that strategic planning management of business environmental uncertainty.
Based on the findings, it was concluded that effective strategic planning is vital in the management of business environmental uncertainty, which hinders the organizational performance and productivities.
Title page
Approval page
Dedication
Acknowledgement
Abstract
Table of contents
List of table
List Figures
CHAPTER ONE
INTRODUCTION
1.0 Background of the study
1.1 Statement of the problem
1.2 Objective of the study
1.3 Research questions
1.4 Research hypothesis
1.5 Significance of the study
1.6 Delimitation/scope of the study
1.7 Definition of terms
CHAPTER TWO
2.0 Literature of review
2.1 historical overview
2.2 Sources of strategy
2.3 Types of strategies
2.4 Importance of strategies
2.5 Criteria for effective strategy
2.6 Strategic management process
2.7 Business strategy and business environment
2.8 Environmental consideration for business strategy
2.9 External business environment
CHAPTER THREE
3.0 Introduction to the chapter
3.1 research methodology
3.2 Area of study
3.3 Population of the study
3.4 Sample size determination
3.5 Instrument for data collection
3.6 Validation of the instrument
3.7 Reliability of the instrument
3.8 Method of data collection
3.9 Method of data analysis
CHAPTER FOUR
4.0 INTRODUCTION
4.1 ANALYSIS OF RESEARCH QUESTION
4.2 TEST OF HYPOTHESIS
CHAPTER FIVE
5.0 Summary of findings conclusion and recommendations
5.1 summary of findings
5.2 Recommendation
5.3 Implication of the research results
5.4 Suggestion for further research
Bibliography
Questionnaires
INTRODUCTION
1.1 BACK OF THE STUDY
The early 70’s saw and witnessed the end of political crisis and at its time organized labour which was put into the coffin during the civil war was once released free its dilemma of whether or not to forget industrial action in the life rest national security.
With the civil war, labour militate its demand for improvement in the wage structure and other condition of employment throughout the country. Workers protest coupled with the government gravening realization of the poor economic state of the working class ultimately led to the establishment of certain commissions like the Adebo commission.
Since 1970, to the present time, workers demand have increased the number of strike action as management could not satisfy the needs of employees in the face of economic recession.
Strike among others, is not of the root through which employees force management to access to the demand. In the study, however, we are going to examine the causes of strike, its consequences and effectiveness as a weapon of trade union, in achieving their aims. Mention of course would briefly became of the history and development of trade union in Nigeria.
Strike defined by second 37 (1) of trade depute No: 7 1976 is a cessation of work by a body of employed purpose acting in combination or a concern refusal under a common understanding of any number of employed purpose to continue to work for an employer in consequence of a dispute, done as a means of compelling of purpose employed to aid other workers.
As it stands, threat force strike is one word that thorn the flash of management.
Each time strike occurs, substantial out is lost during the first general strike of 1945 1993 (ASU strike Jam 2000 (NLC strike when the government disagreed with civil servant on wages and allowances about forth working days were lost.
Output dropped substantial as a request government had to upgrade salaries in a bid to resolve between 1980, 82, 1993. and 1999 to 2000 respectively, there was a spot of industrial and trade deputies and work stoppage in the country requiting in a high loss in men hours and productivity.
This spate of industrial unrest was evidently a result of lack of adequate attention to the human labour in business organization.
There has been no giant sagging the fact that human factor is of paramount in industry commerce and civil service
The management profit has a heresy made them maximizing profit has a heavy made them to pay little or no attention to the human faction in the organization. This relegation of human factor to the background by management has been a services but latent cause of increase in strike action on with it resultant consequences. it is the purpose of the work to probe into this and acquaint the management, with the tools for combating this hydra headed monster.
1.2 STATEMENT OF THE PROBLEM:
The unstable industrial relation climate, Nigeria just within the last decade has resulted in all time record of cost working hour, unprecedented work stoppages as a result of strike.
In the first six months of the year 1982 Nigeria lost a total of 4, 598 man-hours because of strike action by workers. This represented a 342% increase in the five cost during the first half of 1959 and is even more then 100% higher than the 2,244, 984 man hours. Besides this alarming strike occurrence. There are many others in the hundred of reported officially. A is against this background that this research effort is consummated with the definite mission of providing answers to the following questions
1. Are such trade despites and industrials unrest as a result of unsettled grievance.
2. What change exist for handing the grievance?
3. If strike occurs, what are the procedure for setting them.
4. If strike the only effective means of achieving union aims.
1.3 PURPOSE OF THE STUDY:
The purpose of this study is to probe into the effectiveness of strike action as a means of achieving union aims from management. This study is based on a case study of Nigeria union of teachers (NUT) Enugu state.
Precisely, the study is focused on the following issues, tools for achieving union demand from management strike as a major tool in achieving union aim the effectiveness of strike action aim achievement union aim measured against the regular occurrence of strike actions.
The recommendation which will be based mainly on the findings of the research will be implemented straighten the effectiveness of strike action as means of achieving union aims. If on the other hand the study suggest a better way of achieving union aims than strike them of cause the mentioned will be recommended.
1.4 SCOPE OF THE STUDY:
The scope of the study aims to cover the general affairs of the union as regards to the strike 9ths, weakness opportunity and threat, in which the research is based on Nigeria union of teachers Enugu.
The research is conducted to cover and improve the management of the organization on to wards Nigerian Union of teachers generally. The research is conducted to cover and improve the management of the organization on towards Nigeria Union of teachers generally.
1.5 RESEARCH QUESTION:
Hi: Strike action help in achieving union aims.
Ho: Strike action does not help in achieving union aims
Hi: strike action encourage economic growth
Ho: strike action does not encourage economic growth
H3: strike action discourage economic growth
Ho: strike action does not discourage economic growth
1.6 SIGNIFICANCE OF THE STUDY
This strike is untended to help union member of any established organization either public or private towards realizing the importance of well bring about growth on the organization.
It also will help government parastatal towards solving employee grievances and strike action. Teachers in particular will benefit immensely from this work as Nigeria union of teachers was used as the case study. It will help them to know their legitimate rights as employee and how to institute strike as a food of compelling government to implement certain welfare practices that will boost them moral towards worker..
In Nigeria of today, both private and public organization are facing a lot of problems owing to strike action by workers or employees. This has inevitably research to low productivity in most firms, and to some it has been of great employer as confusion is always the resultant effect. This work will their employees and employers on the private sector of the economy. Student who want to do a further research on this can also benefit from this study.
Even during assignment and research findings any student that lays or her land in this work will improve academically.
1.7 LIMITATION OF THE STUDY:
It is contact that in a research study like this it is always difficult to cover all possible grounds our would wash to, there are a number of factors which constituted in pediments to this accomplishment. First among those factors is time, the short period that is required to accomplish and submit the, coupled with the time spent on the courses gave me the highest trouble and hindered to an extent a more elaborate search into the study.
Again, the data gathering for writing this research paper was being carried on at this time. The Nigeria union. Of teachers is facing a hard time of non payment of problem of administering the questionnaire to the respondents. This it was not possible to collect as much information as one had wished.
Finally, finance was my greatest constraints this it was not possible for me to get at many school so as to get a more valid information matter the less the research purpose were moderately accomplished not in the least because of these problem but largely impute of them.
1.8 DEFINITION OF TERMS
There are some terms that is being used here in this work that in this work that will like to explain more so as to enable every body that comes across this work to understand better.
1. STRIKE: it is a cessation of work by a body of employed person acting in combination or a concerned refuse under a common understanding of any number of employed persons to consequence of a work for an employer on any person or body of persons employed to aid other workers
2. GRIEUANGE: It means real or imagined case for compliant or protest (against).
3. TRADE DISPUTE: It means debating agreeing and quarreling in words when buying and selling of goods exchange of goods for money or other goods
4. ECONOMIC GROWTH: It means designed to given profit in the science of production distribution and consumption of goods condition of a country as to material prosperity
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Strategies For Managing Environmental Factors In Business Organisaitons:
Managing environmental factors in business organizations is crucial for sustainability, regulatory compliance, and long-term success. These factors encompass a range of elements, including economic, social, political, technological, and ecological considerations. Here are some strategies for effectively managing environmental factors in business organizations:
- Environmental Scanning and Monitoring: Regularly monitor and analyze external environmental factors that could impact your business. Stay updated on economic trends, technological advancements, regulatory changes, and social shifts that could affect your industry.
- SWOT Analysis: Conduct a SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis to assess internal strengths and weaknesses, while considering external opportunities and threats. This can help you align your business strategies with the environmental factors.
- Stakeholder Engagement: Engage with various stakeholders, including customers, employees, suppliers, regulators, and local communities. Understanding their concerns and needs will enable you to make informed decisions that align with both business goals and societal expectations.
- Adaptive Business Models: Create flexible business models that can adapt to changing environmental factors. Being agile allows you to pivot in response to new trends, regulations, and market demands.
- Sustainable Practices: Implement sustainable practices to minimize negative environmental impacts. This could include reducing waste, conserving energy and water, using eco-friendly materials, and adopting circular economy principles.
- Innovation and Technology: Embrace technological advancements that can help your business become more environmentally friendly. This might involve adopting renewable energy sources, implementing efficient supply chain management systems, or developing eco-friendly products.
- Compliance and Regulations: Stay up-to-date with relevant regulations and ensure compliance with environmental laws. Failure to comply with regulations can result in legal and financial consequences.
- Risk Management: Identify potential risks stemming from environmental factors and develop strategies to mitigate them. This could include developing contingency plans for disruptions caused by natural disasters or supply chain issues.
- Ethical Practices: Align your business practices with ethical and socially responsible principles. This can enhance your brand reputation and attract socially conscious consumers.
- Long-Term Perspective: Plan for the long term by considering the sustainability of your business practices and their impact on the environment. Short-term gains should not come at the expense of long-term viability.
- Collaboration and Partnerships: Collaborate with other organizations, industry associations, and governmental bodies to collectively address environmental challenges. Pooling resources and expertise can lead to more effective solutions.
- Employee Involvement: Involve employees in sustainability initiatives. Encourage their input and commitment to environmentally friendly practices, which can lead to a more engaged workforce and innovative ideas.
- Transparency and Reporting: Maintain transparent communication about your environmental efforts with stakeholders. Regularly report on progress and achievements toward environmental goals.
- Continuous Learning: Stay informed about emerging environmental trends and best practices. Continuous learning ensures that your organization remains adaptable and forward-thinking.
By integrating these strategies, businesses can effectively manage environmental factors, reduce risks, and contribute to a more sustainable and responsible future.