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| Format: | Recurso digital |
| Language: | English |
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2024
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| Online Access: | https://doi.org/10.5281/zenodo.19983714 |
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| _version_ | 1866901231256993792 |
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| author | Eze, Chidi Nwauba |
| author_facet | Eze, Chidi Nwauba |
| contents | <p>The paper examines the challenges, strategies, and ethical considerations for managers in a depressed economy, using Nigeria as a case study. The paper defines a depressed economy as a period of sharp and sustained decline in economic activity that typically includes negative gross domestic product growth and a substantial rise in unemployment, poverty and homelessness. The paper uses the behavioural theory of the firm as the main theoretical framework to explain how managers cope with various internal and external factors that influence their decision-making and performance in a depressed economy. The paper also uses secondary sources and case studies to support its arguments; the paper summarizes the key findings, conclusions, implications, and recommendations of the analysis, and suggests some areas for further research exploration and claims. The paper identifies three main challenges that managers face in a depressed economy: limited access to capital and financial resources, high inflation and cost of living, and unemployment and workforce management. The paper proposes three main strategies that managers can adopt to overcome these challenges and survive a depressed economy: cost-cutting and efficiency measures, innovation and adaptability, and collaboration and partnerships. The paper discusses three main ethical considerations that managers need to take into account in a depressed economy: maintaining ethical standards in challenging economic conditions, balancing profitability and social responsibility, and ethical decision-making in a depressed economy. The paper provided a comprehensive and insightful analysis of the managerial issues and implications in a depressed economy and contributed to the existing literature and practice on the topic.</p> |
| format | Recurso digital |
| id | zenodo_https___doi_org_10_5281_zenodo_19983714 |
| institution | Zenodo |
| language | eng |
| publishDate | 2024 |
| publisher | Zenodo |
| record_format | zenodo |
| spellingShingle | The Role Of Managers In A Depressed Economy: Nigeria Experience Eze, Chidi Nwauba Manager, Depression, Economy, Nigeria Experience <p>The paper examines the challenges, strategies, and ethical considerations for managers in a depressed economy, using Nigeria as a case study. The paper defines a depressed economy as a period of sharp and sustained decline in economic activity that typically includes negative gross domestic product growth and a substantial rise in unemployment, poverty and homelessness. The paper uses the behavioural theory of the firm as the main theoretical framework to explain how managers cope with various internal and external factors that influence their decision-making and performance in a depressed economy. The paper also uses secondary sources and case studies to support its arguments; the paper summarizes the key findings, conclusions, implications, and recommendations of the analysis, and suggests some areas for further research exploration and claims. The paper identifies three main challenges that managers face in a depressed economy: limited access to capital and financial resources, high inflation and cost of living, and unemployment and workforce management. The paper proposes three main strategies that managers can adopt to overcome these challenges and survive a depressed economy: cost-cutting and efficiency measures, innovation and adaptability, and collaboration and partnerships. The paper discusses three main ethical considerations that managers need to take into account in a depressed economy: maintaining ethical standards in challenging economic conditions, balancing profitability and social responsibility, and ethical decision-making in a depressed economy. The paper provided a comprehensive and insightful analysis of the managerial issues and implications in a depressed economy and contributed to the existing literature and practice on the topic.</p> |
| title | The Role Of Managers In A Depressed Economy: Nigeria Experience |
| topic | Manager, Depression, Economy, Nigeria Experience |
| url | https://doi.org/10.5281/zenodo.19983714 |