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Interaction between Groupthink Predictors and Maintaining their Moderate Values
Damir Grgic and Janez Stare
DOI: 10.15604/ejbm.2022.10.03.001
Abstract
The purpose of the paper is to examine how groupthink predictors interact with each other and identify the movement of their values. That can simplify how to prevent groupthink. Survey data was collected from 315 employees of working groups. The survey was used to collect groupthink
data through its eight predictors. Multiple linear regression was used for analyzing data collected from the survey. All groupthink predictors correlate with each other, but the study also shows a division of predictors into positive and negative predictors. When positive predictors have a high value, negative predictors will have a low value and vice versa. That shows that it is not recommended to have a high or low value of groupthink predictors, because that may cause
groupthink. Due to the lack of research conducted on the questionnaire, the main research challenge was to establish a correlation between those new predictors and to explain some of the questions raised in the criticism of the original theory.
Keywords: Groupthink, Predictors, Working Group, Decision-making
Effect of Teamwork on Survival of Manufacturing Small and Medium Enterprises in Nigeria
Cosmas Anayochukwu Nwankwo and MacDonald Isaac Kanyangale
DOI: 10.15604/ejbm.2022.10.03.002
Abstract
In many industries, teamwork is critical to enterprise existence. However, many manufacturing small and medium firms (SMEs) in Nigeria have failed to survive before their fifth birthday. The aim of this positivistic study is to examine the effect of teamwork on the survival of manufacturing SMEs in Nigeria. A structured questionnaire is used to collect data from 364 owner-managers of manufacturing SMEs selected using stratified random sampling technique. Structural equation modeling (SEM) is used to analyze data. Results show that teamwork has a strong, positive, and significant effect on the survival of manufacturing SMEs in Nigeria. More specifically, the dimension of communication is a strong predictor of SME’s survival, followed by recognition, team spirit, and collaboration. The study concludes that there is a variety of critical dimensions of teamwork for the survival of manufacturing SMEs. The study also recommends that if manufacturing SMEs are to survive and thrive in Nigeria, owner-managers must demonstrate and promote a multi-dimensional and nuanced vision of teamwork. The study’s findings have key pragmatic and research implications.
Keywords: Teamwork, SME Survival, Manufacturing SMEs, Dimensions of Teamwork
Corporate Governance and Corporate Failure in the Oil Industry: Historical Analysis of Anglo Iranian Oil Company
Neveen Abdelrehim
DOI: 10.15604/ejbm.2022.10.03.003
Abstract
There has been much written about the nationalization of the AIOC in 1951. Many accounts have, perhaps unfairly, painted the directors of the AIOC as Imperialist stooges seeking to plunder the natural resources of another sovereign state to cement the United Kingdom’s geo-political position in the Middle East. The main aim of this research is to employ historical analysis to address and scrutinize the corporate governance and corporate failure of AIOC, which led to the company’s nationalization. Analysis of archival material illustrates that the AIOC had not honored their commitments to various agreements for over 30 years preceding nationalization. Furthermore, from a range of evidence arising from the AIOC annual reports and historical sources including the British press, it can be clearly seen that the management regarded the shareholders’ interests to be superior and taking preference over the interests of Iranian and other stakeholder groups. Historical analysis should feature prominently in empirical accounting research, which is a major motivation behind this analysis. Longitudinal analysis of confidential documents and internal memos illustrates that the company was aware of various Iranians concerns as early as the 1910s, but through various strategies, management was able to deflect these concerns, the scale of which was often not well understood, ultimately leading to nationalization in 1951.
Keywords: Oil Industry, Anglo Iranian Oil Company (AIOC), Corporate Governance
Analyzing Demographic Clusters Behavior and Perceptions
towards eBanking in Emerging Free-Market Economies South Africa and Ukraine
Lutete C. Ayikwa, Johan W. De Jager, and Elizma M. Wannenburg
DOI: 10.15604/ejbm.2022.10.03.004
Abstract
The objective of this study is to portray banking customers’ behavior and perceptions towards the use of new technology platforms, apps, services and products, to advise banks in their strategic approach to designing customized digital offers. The analyzed data were collected by means of a questionnaire administered online to 374 participants selected using convenience sampling. The empirical findings demonstrated that eBanking behavior and perceptions differ statistically significantly from one country to another as well as for demographic clusters such as gender, age, level of education, occupation, and digital banking level of knowledge. They confirmed the importance of scrutinizing demographic clusters’ behavior and perceptions towards online banking, an area, which is largely under-researched in both South Africa and Ukraine. This study suggested banks elaborate tailored marketing strategies to enhance banking customers’ intention to use eBanking and increase their positive perceptions for specific clusters. Providing the in-depth understanding of each demographic cluster’s eBanking behavior and perceptions that this study provides will serve banks in their segmentation and targeting strategies to enhance the use of digital platforms and apps, services and products in developing economy countries. Furthermore, they will be adequately informed to design customized eBanking offers.
Keywords: eBanking, Digital Banking, Marketing Digital, South Africa, Ukraine
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