Browsing by Author "Muritala Awodun, Lukman Adam"

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    Rethinking Entrepreneurship for Sustainability: An Application of the Spirit, Body and Soul (SBS) Model to Developing Economies
    (Pioneer Publishers, 0025-04-10) Muritala Awodun, Lukman Adam
    Entrepreneurship has truly driven the developed economies to growth and development, and the case of developing economies cannot be different. Despite the huge population and natural resource dominance of these economies, development in terms of infrastructure and growth has been distorted. This paper takes a critical look at the understanding of the concept of entrepreneurship with the aim of ensuring sustainable entrepreneurship in the developing economies. To achieve this, the paper examines the SBS model of entrepreneurship relating its applicability to the developing economies for there to be any form of sustainable development. Following the lead of scholars such as Baumol (1968); Dees (2001); Coyne & Leeson (2004); Austin et.al. (2006); Baumol & Strom (2007) Desai & Acs (2007); Schumpeter (2008); Boettke & Coyne (2009); Kirzner (2009); Simons et. al. (2011); Desai (2013); Lucas & Fuller (2015); Hippel (2017), the paper adopted the approach of giving ‘life’ to entrepreneurship through the application of the spirit, body and soul (SBS) model, where entrepreneurship or being enterprising is likened to the human ‘body’, entrepreneurial to the ‘spirit’, and entrepreneurialism to the ‘soul’ with the submission that sustainable entrepreneurship must connect the trio in the entrepreneur who is the ‘person’ that creates the product and the enterprise, as the ‘business’ that work in partnership to create sustainable development. Keywords: Entrepreneurship, Sustainability, Development, Developing Economies, SBS model
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    The Agency-Governance-Disruptions Model for Operational Efficiency, Profitability and Value Delivery: An Application to Private and Public Enterprises in Nigeria
    (Archives of Business Research – Vol. 13, No. 03, 2025-03-05) Muritala Awodun, Lukman Adam
    Keywords: agency theory, corporate governance, technological disruptions, operational efficiency, profitability, value delivery In relating the agency theory to corporate governance and technological disruptions in organizations, this paper examines this tripod through the creation of an agency-governance-disruptions model. The paper relates the model to operational efficiency, profitability and value delivery in selected private and public enterprises in Nigeria. The outcome reveals that the tripod of agency-governance-disruptions, as presented through the model, significantly impacts on operational efficiency, profitability and value delivery of organizations in Nigeria. This is based on applying the model to selected private and public universities in Nigeria, with the findings revealing that the agency-governance-disruptions model has a very significant impact on the efficiency, revenue generation/profitability and value delivery of the private universities, while for public universities, on the other hand, the effects are not so significant.