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Psychological Contract and Employee Retention in Private Organizations
Sowemimo Olatunji Zacchaeus
Issue:
Volume 7, Issue 3, September 2021
Pages:
41-46
Received:
10 May 2021
Accepted:
27 May 2021
Published:
18 August 2021
Abstract: The inability to keep the essential human resource of an organization has become detrimental to many of such organizations and the growing complexity in the business environment has forced management to stress on employee retention by adapting various means. This research is aimed at examining the association between contracts which are psychological and employee retention in private organizations. It also examines the extent at which psychological contract dimensions are related with the retention of employees. Cross-sectional and quantitative approach was adopted for the study where a sample of 90 members of Victory Life Bible Church who are employees of different private organizations in Abeokuta was chosen through convenience sampling technique and structured questionnaire was used for data collection. The primary data collected for the study was analyzed using Pearson Correlation with the help of Statistical Package of Social Sciences (SPSS). From the findings of the research, it was confirmed that psychological contract is positively related with employee retention; it also showed that psychological contract dimensions are highly associated with retention of employees. It is recommended by the study that psychological contract be considered as part of the organizations’ strategies to maintain and retain resourceful employees who would coordinate the other resources of the organization towards the attainment of corporate goals and organizational effectiveness.
Abstract: The inability to keep the essential human resource of an organization has become detrimental to many of such organizations and the growing complexity in the business environment has forced management to stress on employee retention by adapting various means. This research is aimed at examining the association between contracts which are psychologic...
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Mean-Variance-Entropy Portfolio Selection Models with Uncertain Returns
Shengguo Li,
Jin Peng,
Bo Zhang,
Dan Ralescu
Issue:
Volume 7, Issue 3, September 2021
Pages:
47-54
Received:
30 June 2021
Accepted:
16 July 2021
Published:
23 August 2021
Abstract: Diversification portfolio selection problem is an important issue in uncertain economic environment. In this paper, this problem is discussed within the framework of uncertainty theory. First, an uncertain extension mean-variance diversification model is proposed, in which the mean is chosen as the objective function, and variance and proportion entropy as risk and diversity constraints. Then two variations are investigated on the purposes of minimizing the risk and maximizing the diversity measure, respectively. Furthermore, the corresponding analytical mathematical models are deduced via the convenient operational law of uncertain variables. Finally, several numerical examples are given to illustrate the modeling idea. The results showed that the diversification models had higher diversification than the uncertain mean-variance model. The proposed models provide a new method to make decision-making in uncertain portfolio selection problem.
Abstract: Diversification portfolio selection problem is an important issue in uncertain economic environment. In this paper, this problem is discussed within the framework of uncertainty theory. First, an uncertain extension mean-variance diversification model is proposed, in which the mean is chosen as the objective function, and variance and proportion en...
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The Role of Business Management with Historical and Global Perspective
Issue:
Volume 7, Issue 3, September 2021
Pages:
55-63
Received:
23 July 2021
Accepted:
4 August 2021
Published:
27 August 2021
Abstract: Management is very important for every person, society. With the help of management Qualifications we can achieve the goal of economic development. The role of business management education is very important in various ways. We can make planning with the Tool of master, increment, Capital budget. With the practice business management. With the help of practice of business management Qualification we can scan the idea easily and development of product according to need of time period. With the help of best practice of business management qualification we can run every system effectively, which is introduced in market for the innovation and development. We can analyze the strength and weakness. Business management help how We can analyze the market situation, because the best practice of business management. Good decision-making is also part of business management. We can adopt good alternatives during business decision. Because of practice management qualification we can design the best organizational structure and set up and matrix. During the practice of business management qualifications We can control our mistake and maintain and stander of quality control. Good economic policis can give the good prosperous future. When one country not avhieved the goal of economic development such countries face disaster in every sector, as a consequence whole nation wil face l economic and political unrest. In the light of all arguments we can say prosperous economic future is only only possible with economic growth and Devlopment.
Abstract: Management is very important for every person, society. With the help of management Qualifications we can achieve the goal of economic development. The role of business management education is very important in various ways. We can make planning with the Tool of master, increment, Capital budget. With the practice business management. With the help...
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Management and Utilization of Sor and Gebba Rivers: Comparative Analysis
Asafa Tasgara,
Negera Gudeta
Issue:
Volume 7, Issue 3, September 2021
Pages:
64-70
Received:
5 March 2021
Accepted:
21 May 2021
Published:
4 September 2021
Abstract: This study is concerned the utilization, conservation and management of Sor and Gebba Rivers. The improper management, utilization and conservation of water resources may amount to not merely the occurrences of conflict among and between riparian but also hinder the national development of a given country. Ethiopia is depicted as the water tower of Northeastern Africa (Horn of Africa) where aridity is the rule due to ineffective and poor utilization and conservation of water. The overall objective of this study is to examine the management and utilization politics of Sor and Gebba rivers comparatively. To achieve the objectives, the study employed descriptive research design as the research design of this study. The study also employs qualitative approach and in depth interview, document analysis and observation as data collection tools. The researchers have managed to collect data and made in-depth interview with number of respondents from Ilubabor zone and Bunno bedelle zones water development offices, and from some selected woredas which have proximity to two of water resources such as Yayyo and Hurrumu woreda Water development offices. According to respondents, both rivers yet to receive attention from government officials of the area, scant attention was paid to the fisheries potential of Sor and Geba rivers which resulted from different factors including lack of budget, skilled man power in the area and institutional bureaucracies. At the end, the reviews and analysis of all relevant secondary sources was made to supplement and substantiate the primary data collected by key informant interview and observation and the data collected from secondary sources was analyzed with the data collected from primary sources through qualitative data analysis. The finding of this study revealed that, Sor and Gebba rivers potential wasn’t harnessed to be utilized for local community for economic development and Sor and Gebba rivers un-utilized by local community due to financial constraints and again received less protection, conservation and management of from local community and concerned government officials at local, regional and national level due to lack of awareness. Therefore, government should allocate enough budget to utilize the maximum potentials of Sor and Gebba rivers for different purposes such as hydro-electric power generations, micro and macro irrigations, tourist attraction, swimming poll, fisheries and other purposes to realize economic development of the nations and local community.
Abstract: This study is concerned the utilization, conservation and management of Sor and Gebba Rivers. The improper management, utilization and conservation of water resources may amount to not merely the occurrences of conflict among and between riparian but also hinder the national development of a given country. Ethiopia is depicted as the water tower of...
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