THE INFLUENCE OF LEGAL FRAMEWORKS ON BUSINESS OPERATIONS
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- NGN 3000
ABSTRACT: THE INFLUENCE OF LEGAL FRAMEWORKS ON BUSINESS OPERATIONS
This research aims to: 1) evaluate the impact of legal frameworks on business compliance; 2) analyze the effects on operational efficiency; and 3) assess the role of legal frameworks in protecting business interests. A survey research design is adopted for its effectiveness in gathering diverse data. Using Taro Yamane’s formula, the sample size of 330 respondents, including legal experts and business managers, is determined. Abuja, with its regulatory significance, is chosen as the location. The survey achieves a reliability coefficient score of 0.87. Findings indicate that robust legal frameworks significantly enhance business compliance, operational efficiency, and protection of business interests. The study recommends that businesses maintain proactive compliance strategies, engage with legal advisors, and advocate for regulatory clarity to optimize operational efficiency and ensure compliance with legal standards.
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