THE EFFECT OF RISK MANAGEMENT ON BUSINESS PERFORMANCE
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
The study examined the effect of risk management on business performance in Staco Insurance Plc in Lagos State.The survey research design was used in the study. The study made use of primary data to draw out information from the respondent which was sourced using questionnaire. The questionnaires were distributed directly to the targeted respondents within the population. The Taro Yamane formula for calculating sample size for population was adopted and was used to select 177 respondents and 30% was added to which equals 230.
The research reveals that risk identification has a direct effect on productivity of Staco Insurance Plc and that the null hypothesis which states that risk identification has no significant effect on productivity is rejected because the p value is less than 0.05 (P <0.05); The research further revealed that risk evaluation has a direct effect on corporate image of Staco Insurance Plc and that the null hypothesis which states that risk evaluation has no significant effect on corporate image is rejected because the P value is less than 0.05 (P <0.05); The research also revealed that risk monitoring has a direct effect on profitability level of Staco Insurance Plc and that the null hypothesis which states that risk monitoring has no significant effect on profitability level is rejected because the P value is less than 0.05 (P <0.05).The study concluded that the risk management process adopted by an organization is significant in influencing or effecting an organization or firms business performance.The study recommended that; the management of Staco Insurance Plc in Lagos state, to put in place cost-effective measures for the constant and timely risk identification processes in order to spot the entry of any risk that might pose as a treat to the establishment of effective and efficient business performance of Staco Insurance Plc; the management of Staco Insurance Plc in Lagos state, should constantly evaluate their risk management practices or system to identify if the mode or process used by them in the assessment of risk aren’t outdated; the management of Staco Insurance Plc in Lagos State should make sure that continuous monitoring of risk isn’t discarded, as a result to a temporary treatment assigned to a particular treat faced by the industry, that is, just because there are improvement doesn’t mean they are permanent.
Related Project Materials
LANGUAGE VARIATION IN RELATION TO GENDER AS A SOCIAL FACTOR
ABSTRACTS
This research is designed to examine language variation in relation to gender as a social fac...
CRIMINAL PROFILLING AND IT’S RELEVANCE IN THE NIGERIAN CRIMINAL JUSTICE SYSTEM
BACKGROUND TO THE STUDY
“The more outré and grotesque an incident is the more carefully it...
THE ROLE OF PARENT’S TEACHERS ASSOCIATION IN SECONDARY SCHOOLS DEVELOPMENT
ABSTRACT
This research work was undertaken to investigate the role of parent’s teachers association in secondary s...
ENTREPRENEURIAL DEVELOPMENT AND EMPLOYMENT CREATION
Abstract
Unemployment has been a major issue in the Nigerian economy since the mid-1980s. Consequently, the Federal gove...
CHALLENGES OF ACQUISITION OF LIBRARY MATERIALS AND SERVICES TO USERS IN SPECIAL LIBRARIES IN NIGERIA
ABSTRACT
This is a research on problems of acquisition of materials and services to users in special libraries in Nigeri...
IMPACTS OF SMALL BUSINESS ENTERPRISES ON EMPLOYMENT CREATIONS
ABSTRACT
The focus of this study is on “Impacts of small business enterprises on employment creation in Lagos Stat...
CRITICAL EXAMINATION ON CONTRACT FOR THE SALE OF LAND IN NIGERIA
STATEMENT OF PROBLEMS
The principles and Effect for selling land is what this study deals with the transfer of interest...
ETHNO-RELIGIOUS CONFLICTS IN NIGERIA; ISSUES, CHALLENGES AND SOLUTIONS
Background of the study
Ethnic consciousness is the loyalty or attachment to an ethnic group either as...
ASSESSMENT OF TEACHERS’ IMPLEMENTATION OF SOCIAL STUDIES CURRICULUM FOR EFFECTIVE CITIZENSHIP IN PRIMARY SCHOOLS IN NIGERIA
ABSTRACT
This study was on assessment of teachers‟ implementation of Social studies curriculum for effective citizenship among primary sc...
EFFECTS OF INSECURITY IN NIGERIA: THE CHALLENGES AND RELEVANCE OF THE NIGERIAN POLICE
Abstract
This research work seeks to reveal the Causes and effects of insecurity in Nigeria and the challenges and relev...
