EFFECT OF PARTNERSHIP AND JOINT VENTURE BUSINESS IN SMALL SCALE BUSINESS IN NIGERIA, PROBLEM AND PROSPECT
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 5000
ABSTRACT
Formation of joint ventures between SMEs is one of the recent efforts in improving SME growth in Nigeria and addresses the challenges facing SMEs today in the country. The main objective of the research is to examine the formation of joint ventures in Ogun state, specifically to: study joint ventures formation procedures; identify criteria in selection of joint venture partner; and identify risks associated with and challenges facing joint venture undertakings in Nigeria. The study adopted a descriptive research design and purposive sampling. Multiple sources of evidence was used to collect information mainly literature review, questionnaires and interviews. Key findings reveal that legal and statutory requirements in the formation of joint ventures include registration by Business Registration and Licensing Agency (CAC). All JV respondents were registered by CAC. Most important factors considered during formation of JVs are: contract agreement, financial stability and commitment while key risks associated with JVs are cultural and social differences, delays in approvals and financial risks. In addition, main challenges facing joint ventures are: identification of possible risks and joint venture agreement interpretation. The study concludes that formation of JVs have been addressing some of emerging challenges facing local construction organizations despite the risks and challenges that exist. The study recommends that firms entering joint ventures should ensure risks associated with their JV are properly assessed.
Related Project Materials
ECONOMIC ANALYSIS OF FLUTED PUMPKIN PRODUCTION
ABSTRACT
The paper presents an economic analysis of fluted pumpkin production (Telfaria occidentalis
THE EFFECTS OF CREDIT MANAGEMENT ON PROFITABILITY OF BANKS IN NIGERIA
ABSTRACT
This research work is determine, “The effect of credit management on profitability of Bank in Nigeria...
The Effect of Transport Policy Reforms on Regional Connectivity in Nigeria
Background of the Study
Transport policy reforms are essential for enhancing regional connectivity by cre...
Design and Implementation of an Interactive 3D Construction Safety Training System in Minna, Niger State
Background of the Study
The construction industry is one of the most hazardous sectors, and ensuring the safety of workers...
EFFECTS OF 7E LEARNING CYCLE MODEL ON LEARNING OUTCOME OF SENIOR SECONDARY SCHOOL STUDENTS IN BIOLOGY
Background Of The Study
Education is one of the tools that may be used to deal with the issues that wil...
THE EFFECT OF COVID 19 PANDEMIC ON HOTEL PATRONAGE
BACKGROUND OF THE STUDY
In 2020, Nigeria joined most countries of the world to witness a health pandemi...
The Impact of Community-Based Nursing Interventions on Maternal Health Outcomes in Taraba State
Background of the Study
Maternal health remains a critical public health issue in Nigeria, with high...
KNOWLEDGE, ATTITUDE AND ADOPTION OF APPROPRIATE FEEDING PRACTICES BY MOTHERS AND ANTHROPOMETRIC INDICES OF THEIR CHILDREN IN AGUATA LOCAL GOVERNMENT AREA OF ANAMBRA STATE
ABSTRACT
This study was designed to assess the knowledge, attitude and adoption of appropriate infant&n...
Implementation of IoT-Based Smart Access Control in University Libraries: A Case Study in Gusau LGA, Zamfara State
Background of the Study
University libraries serve as vital repositories of knowledge, and ensuring their security and eff...
DESIGN AND IMPLEMENTATION OF COMPLAINT MANAGEMENT SYSTEM A CASE STUDY OF FEDERAL UNIVERSITY OF TECHNOLOGY, MINNA
ABSTRACT
This project titled: DESIGN AND IMPLEMENTATION OF COMPLAINTS MANAGEMENT SYSTEM, is a web-based...
