THE IMPORTANCE OF CORPORATE BRANDING IN NIGERIAN’S ECONOMY

THE IMPORTANCE OF CORPORATE BRANDING IN NIGERIAN’S ECONOMY

A STUDY OF EMENITE LIMITED, ENUGU)

ABSTRACT

Business organizations in Nigeria have failed to realize the importance of a good corporate branding or image management in business dealings. This is probably because they do not understand the concept of corporate image and the necessary tools for promoting it.

Corporate image infact goes beyond attractive products or rending quality services, especially in the face of our dynamic economy, where achieving a unique position and competitive advantage on corporate image becomes more and more difficult, expensive and requires an aggressive strategies to compete with.

Corporations in Nigeria are increasingly becoming aware of the enhanced value that corporate image branding strategies can provide for an organization. Branding in the classic sense is all about creating unique image or identities and positions for products and services, hence distinguishing the offerings from competitors.

Corporate branding employs the same methodology and toolbox used in product branding, but it also elevates the approach a step further into the board room, where additional issues around stakeholder relations (shareholders, media, competitors, governments and many others) can help the corporation benefit from a strong and well-managed corporate strategy. Not surprisingly, a strong and comprehensive corporate image strategy requires a high level of personal attention and commitment from the chief executive officer (CEO) and the senior management to become fully effective and meet the objectives. A strong corporate branding strategy can add significant value in terms of helping the entire corporation and the management team to implement the long-term vision, create unique positions in the market place of the company and its brands, and not the least to unlock the leadership potential within the organization. Hence a corporate image strategy can enable the corporation to further leverage on its tangible and non-tangible assets leading to branding excellence throughout the corporation.

This project study is focused on the importance of corporate branding in Nigeria’s economy that could be employed to build and promote corporate image managements effectively and enhance the profit margin of an organization.

A case study of Emenite Limited, Enugu was therefore undertaken. Findings revealed that;

  • they have a laid down corporate image though not effectively managed.
  • Strategies employed to promote corporate image are limited.
  • Responses are fairly high hence it can be said profitable.
  • Employee’s welfare and working environment need improvement.
  • There are needs to increase the scope of its social responsibility.
  • The image management should be periodically reviewed for improvement.
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TABLE OF CONTENTS

Page
Title page i
Declaration ii
Approval iii
Dedication iv
Acknowledgement v
List of Tables x
List of Figures xi
List of Appendices xii
Abstract xiii

Chapter 1: Introduction

1.1 Background of the Study – – – – 1
1.2 Statement of the Research Problem – – – 5
1.3 Objectives of the Study – – – – – 8
1.4 Research Questions – – – – – – 9
1.5 Research Hypotheses – – – 9
1.6 Significance of the Study – – – – – 10
1.7 Scope of the Study – – – 10
1.8 Limitations of the Study – – 11
1.9 Definitions of Terms – – – – – – 12
1.10 Profiles of the Studied Commercial Banks – – – 13
References – – – – – – – 20

Chapter 2: Review of Related Literature
Introduction – – – – – – – 22
2.1 The Conceptual Framework of ERP systems – – – 22
2.2 ERP Systems Modules – – – – – 27
2.3 Evolution of Enterprise Resource Planning – – 28
2.4 Theoretical Framework – – – 30
2.5 Organizational Performance: Trends and Framework – 42
2.6 ERP Systems and Organizational Performance Measure – 50
2.7 Empirical Review of ERP systems Implementation and
Organizational Performance – – – – – 54
2.8 Selection Criteria for an ERP Systems – – – 60
2.9 ERP Systems Implementation – – – – 62 2.10 Key Resources Across Functional Areas- – – – 69
2.11 What Makes an Enterprise Resources Valuable – – – 73
2.12 Framework for IT and ERP Investment – – – 74
2.13 Impact of ERP Systems on Organizational Performance – 77
2.14 Overview of the Nigerian Banking Industry – – – 80
2.15 Nigerian Banking Industry and Information Technology 82
2.16 Drawbacks of the ERP Systems – – – – 84
2.17 ERP: Managing the Paradigm Shift for Success – – 88
2.18 Summary of the Review of the related Literature – – 94 References – – – – – – 96

Chapter 3: Research Methodology
Introduction – – – – – – – 107
3.1 Research Design – – – – – – 107
3.2 Sources of Data – – – – – – 107
3.3 Population of the Study – – – – – 108
3.4 The Sampling Technique – – – 108
3.5 Description of the Research Instrument – – – 109
3.6 Reliability of Research Instrument – – – 110
3.7 Validity of Measurement – – – – 110
3.8 Data Analysis Techniques – – – – – 111
References – – – – – – – 113

Chapter 4: Data Presentation and Analysis
Introduction – – – – – – 114
4.1 Data Analysis – – – – – – – 114
4.2 Reliability Analysis- – – – – – 116
4.3 Analysis of ERP Systems General Concept Questions – 117
4.4 Analysis Using Z-Test – – – – 122
4.5 Cross Tabulated Analysis – – – – – 126
4.6 Testing the Research Hypotheses – – – – 127
4.7 Categorization of the Responses of the Studied Banks on
the Research Objectives – – – – – 134
4.8 Discussion of the Research Findings – – – 136
4.9 Management Implications of Relevant Findings – – 146
4.10 Research Model on the Impact of ERP Systems on Bank performance – 148
References – – – – – – – 151

Chapter 5: Summary of Major Findings, Conclusion and Recommendations
5.1 Summary of Major Findings – – – – – 154
5.2 Conclusion – – – – – – 155
5.3 Recommendations – – – – – 155
5.4 Contribution to Knowledge – – – – 157
5.5 Suggestions for Further Research – – – – 160
References – – – — – – 161
Bibliography – – – – – – 165
Appendices – – – – – – – 178Download Full Material-N5000