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Ethics and Corporate Social Responsibility (CSR) in Business

Ethics and social responsibility are the two sides of the same coin. They are topical and therefore, should be and are of great interest to entrepreneurs, corporate entities and society. Entrepreneurs and managers and their organisation must be aware of the expectation to be socially responsible and to put in place appropriate guidelines for instilling…

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A & M 258

1. CITY of God, how broad and farOutspread thy walls sublime! The true thy chartered freemen are Of every age and clime: 2. One holy Church, one army strong,One steadfast, high intent; One working band, one harvest-song,One King omnipotent. 3. How purely hath thy speech come down From man’s primeval youth! How grandly hath thine…

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A & M 255

THE Church’s one foundationIs Jesus Christ her Lord;She is his new creationBy water and the Word:From heaven he came and sought herTo be his holy Bride;With his own Blood he bought her,And for her life he dled. Elect from every nation,Yet one o’er all the earth,Her charter of salvationOne Lord, one faith, one birth:One holy…

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A & M 254

1. THE Church of God a kingdom is, Where Christ in power doth reign; Where spirits yearn till, seen in bliss, Their Lord shall come again. 2. Glad companies of saints possessThis Church below, above; And God’s perpetual calm doth blessTheir paradise of love. 3. An altar stands within the shrine Whereon, once sacrificed, Is…

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A & M 253

1. LORD of our life, and God of our salvation, Star of our night, and hope of every nation, Hear and receive thy Church’s suplication,Lord God Almighty. 2. See round thine ark the hungry billows curling; See how thy foes their banners are unfurling; Lord, while their darts envenomed they are hurling, Thou canst preserve…

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Strategies for Protection of Your Intellectual Property Rights. (I.P.R)

According to Yahaya and Aliyu (2014) the following strategies are best adopted by entrepreneurs to protect their intellectual property rights (I.P.R) 1. Registration of one’s intellectual property with the relevant administrator/registry. 2. Demonstrating ownership on time and promptly too. 3. Employing the services of a competent Intellectual Property practitioner/lawyer who will keep track of your…

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Intellectual Property Rights Protection in Nigeria

The Intellectual Property Rights protection in Nigeria has a historical link to the colonial era when English Trademarks Ordinance was introduced. Over the years, after independence up to our present dispensation, the Nigerian government has established laws and administrative modalities for the enforcement of all forms of intellectual property rights. The extent to which these…

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The Concept of Intellectual Property Right and Creativity

The concept of intellectual property is very important in entrepreneurial ventures. Its importance plays a vital role at the inception of the venture and tends to insure the effort of the entrepreneur’s creativity. Nobody would naturally go through the process of creativity and innovation without a formidable guarantee of an incentive for their effort. Hence,…

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The Concept of Family Business

The concept of family business has been described differently by various scholars to connote businesses owned and managed by family members. “Family business is defined as a company that two or more members of the same family own or generate together or in succession”. Longenecker, Moore, Petty and Palich (2006). The above implies that businesses…

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Advantages and Disadvantages of Family Business and The Three Circles Model

THE THREE CIRCLES MODELThis model provides an explanation of the roles conflict inherent in family businesses as it concerns values, goals, and actions of principally; the family, the ownership and the business. Hence, this model highlights the overlapping roles of family-owned businesses from three perspectives; 1. Family, 2. Ownership 3. Management. ADVANTAGES OF FAMILY BUSINESS…

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Top 13 Challenges of Family Business

Despite its seeming ease of start-off and preference, family businesses are faced with some bundle of challenges as research over the years has established. Notable among them according to Onuoha (2016) include; 1. Unincorporated enterprises 2. Lack of succession plan 3. Unawareness of government policies4. High operational costs 5. Financial constraints 6. Poor infrastructures 7.…

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Advantages & Disadvantages of Purchases or Selling in Family Business Ownership Transfer

When ownership is transferred based on a consideration, purchase is implied. Usually, acceptable price is exchanged for the value of the business. The consideration may be financial, non-financial or a combination of both; as long as the owner-transferor considers it adequate. Depending on the agreement, selling might be in part or in whole. Owners may…

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Advantages & Disadvantages of Gifting in Family Business Ownership Transfer

Family businesses can be transferred from owners to successors as a gift. In which case, they are not required to pay for the acquisition. Successors in this instance do not necessarily have to be family members. They can be close/distant relatives, friends, employees, acquaintances or even strangers.ADVANTAGES1. Since it is a gift, it eliminates the…

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Ownership Transfer Processes in Family Business

When it comes to family business, the transfer process is not usually as simple and straightforward as it is with non-family businesses because family relationships often compound the transition problems. Issues like culture, nature of family, and vested interests help to exacerbate the problems. These notwithstanding, three basic procedures of transferring ownership in family business…

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