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  • Small Business Processes for Success

    A small business runs efficiently by following some specific processes, which give results like business development and enhanced profitability.

    For more information Read our blog
    https://www.invoicetemple.com/blog/small-business-success-starts-with-strong-processes/
    Small Business Processes for Success A small business runs efficiently by following some specific processes, which give results like business development and enhanced profitability. For more information Read our blog https://www.invoicetemple.com/blog/small-business-success-starts-with-strong-processes/
    WWW.INVOICETEMPLE.COM
    Small Business Processes for Success
    A small business runs efficiently by following some specific processes, which give results like business development and enhanced profitability.
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  • Why is youth unemployment so high despite Nigeria's large and young population?
    Nigeria indeed has a very large and young population, often referred to as a "youth bulge," which theoretically could be a demographic dividend driving economic growth. However, several factors contribute to persistently high youth unemployment, turning this potential advantage into a significant challenge:

    Skills Mismatch and Inadequate Education:
    Outdated Curriculum: The Nigerian education system, particularly at the tertiary level, often teaches theoretical knowledge that is not aligned with the demands of the modern job market. Many graduates emerge with degrees but lack practical, technical, and digital skills sought by employers.


    Lack of Vocational Training: There's a strong societal preference for university degrees over vocational and technical education. This leads to a shortage of skilled tradespeople and technicians, even as industries like manufacturing, construction, and renewable energy struggle to find qualified workers.

    Poor Quality of Education: Public educational institutions often suffer from underfunding, inadequate infrastructure, and a shortage of qualified instructors, further compromising the quality of graduates.

    Slow Economic Growth and Limited Job Creation:
    Oil Dependence: As discussed, Nigeria's over-reliance on oil has led to an economy that struggles to create sufficient jobs in diversified sectors when oil prices are low. The non-oil sectors, which have greater potential for mass employment (like agriculture and manufacturing), are underdeveloped.

    Struggling Private Sector: The overall business environment in Nigeria is challenging due to issues like poor infrastructure (especially power), high cost of doing business, difficulty accessing finance, and policy inconsistencies. This discourages investment and limits the capacity of the private sector to expand and create jobs.

    Informal Economy Dominance: A significant portion of the workforce (around 92.7% in Q2 2023) operates in the informal sector, which often offers low-paying, precarious jobs with little to no social protection or opportunities for career progression.

    Lack of Experience Required by Employers:
    Many entry-level positions require prior work experience, creating a "catch-22" for fresh graduates who can't get experience without a job and can't get a job without experience. This perpetuates a cycle of unemployment.

    Internship and apprenticeship opportunities are often limited or poorly structured.

    Corruption and Nepotism:
    Systemic corruption and nepotism in the hiring process can sideline merit and qualifications, giving an unfair advantage to those with connections rather than the most competent candidates. This discourages motivated youth and perpetuates inequality.

    Mismanagement of public funds meant for youth development programs further exacerbates the problem.

    High Population Growth:
    While a young population is a demographic asset, rapid population growth without corresponding economic expansion means a large influx of new job seekers into a labor market that cannot absorb them.

    Geographical Imbalances and Urbanization:
    There's a high degree of geographical mobility towards urban centers in search of jobs, putting immense pressure on limited urban job opportunities and infrastructure.

    Limited Access to Capital for Entrepreneurship:
    Despite a strong entrepreneurial spirit among Nigerian youth (many of whom would prefer to start their own businesses), access to affordable loans, mentorship, and business development support is often limited.

    Government Policy Gaps and Implementation Challenges:
    While various youth employment initiatives and action plans have been launched (e.g., NYEAP), their impact has often been limited by insufficient funding, inconsistent monitoring, poor implementation, and a lack of long-term strategic vision.

    These factors combine to create a challenging landscape where millions of young Nigerians, despite their energy and potential, struggle to find meaningful employment, leading to social unrest, increased poverty, and a significant "brain drain" as many skilled youth seek opportunities abroad.
    Why is youth unemployment so high despite Nigeria's large and young population? Nigeria indeed has a very large and young population, often referred to as a "youth bulge," which theoretically could be a demographic dividend driving economic growth. However, several factors contribute to persistently high youth unemployment, turning this potential advantage into a significant challenge: Skills Mismatch and Inadequate Education: Outdated Curriculum: The Nigerian education system, particularly at the tertiary level, often teaches theoretical knowledge that is not aligned with the demands of the modern job market. Many graduates emerge with degrees but lack practical, technical, and digital skills sought by employers. Lack of Vocational Training: There's a strong societal preference for university degrees over vocational and technical education. This leads to a shortage of skilled tradespeople and technicians, even as industries like manufacturing, construction, and renewable energy struggle to find qualified workers. Poor Quality of Education: Public educational institutions often suffer from underfunding, inadequate infrastructure, and a shortage of qualified instructors, further compromising the quality of graduates. Slow Economic Growth and Limited Job Creation: Oil Dependence: As discussed, Nigeria's over-reliance on oil has led to an economy that struggles to create sufficient jobs in diversified sectors when oil prices are low. The non-oil sectors, which have greater potential for mass employment (like agriculture and manufacturing), are underdeveloped. Struggling Private Sector: The overall business environment in Nigeria is challenging due to issues like poor infrastructure (especially power), high cost of doing business, difficulty accessing finance, and policy inconsistencies. This discourages investment and limits the capacity of the private sector to expand and create jobs. Informal Economy Dominance: A significant portion of the workforce (around 92.7% in Q2 2023) operates in the informal sector, which often offers low-paying, precarious jobs with little to no social protection or opportunities for career progression. Lack of Experience Required by Employers: Many entry-level positions require prior work experience, creating a "catch-22" for fresh graduates who can't get experience without a job and can't get a job without experience. This perpetuates a cycle of unemployment. Internship and apprenticeship opportunities are often limited or poorly structured. Corruption and Nepotism: Systemic corruption and nepotism in the hiring process can sideline merit and qualifications, giving an unfair advantage to those with connections rather than the most competent candidates. This discourages motivated youth and perpetuates inequality. Mismanagement of public funds meant for youth development programs further exacerbates the problem. High Population Growth: While a young population is a demographic asset, rapid population growth without corresponding economic expansion means a large influx of new job seekers into a labor market that cannot absorb them. Geographical Imbalances and Urbanization: There's a high degree of geographical mobility towards urban centers in search of jobs, putting immense pressure on limited urban job opportunities and infrastructure. Limited Access to Capital for Entrepreneurship: Despite a strong entrepreneurial spirit among Nigerian youth (many of whom would prefer to start their own businesses), access to affordable loans, mentorship, and business development support is often limited. Government Policy Gaps and Implementation Challenges: While various youth employment initiatives and action plans have been launched (e.g., NYEAP), their impact has often been limited by insufficient funding, inconsistent monitoring, poor implementation, and a lack of long-term strategic vision. These factors combine to create a challenging landscape where millions of young Nigerians, despite their energy and potential, struggle to find meaningful employment, leading to social unrest, increased poverty, and a significant "brain drain" as many skilled youth seek opportunities abroad.
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  • Cashless Operation—Better Business Development

    Cashless payments are the trending payment method in the current world. So, start making payments using this.
    https://www.invoicetemple.com/blog/how-cashless-operations-streamline-modern-businesses/
    Cashless Operation—Better Business Development Cashless payments are the trending payment method in the current world. So, start making payments using this. https://www.invoicetemple.com/blog/how-cashless-operations-streamline-modern-businesses/
    WWW.INVOICETEMPLE.COM
    Cashless Operation—Better Business Development
    Cashless payments are the trending payment method in the current world. So, start making payments using this.
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  • Transforming Innovation into Success: Business Development with DelveInsight!

    In the fast-evolving pharma and healthcare industries, innovation alone isn't enough. Business development is the key to unlocking your asset's full potential. At DelveInsight, we offer strategic insights, cost-effective solutions, and opportunity scouting to empower your portfolio, boost your brand, and ensure sustainable growth.

    Let’s build your path to success together!

    https://www.delveinsight.com/consulting/business-development-services

    #pharmagrowth #healthcareinnovation #strategicsuccess #valuecreation #delveinsight #pharmaleader
    🌟 Transforming Innovation into Success: Business Development with DelveInsight! In the fast-evolving pharma and healthcare industries, innovation alone isn't enough. Business development is the key to unlocking your asset's full potential. At DelveInsight, we offer strategic insights, cost-effective solutions, and opportunity scouting to empower your portfolio, boost your brand, and ensure sustainable growth. 💼 Let’s build your path to success together! https://www.delveinsight.com/consulting/business-development-services #pharmagrowth #healthcareinnovation #strategicsuccess #valuecreation #delveinsight #pharmaleader
    WWW.DELVEINSIGHT.COM
    Healthcare Business Development Services | Pharma Business Development
    Healthcare Business Development services by DelveInsight provides intelligent and real-time assessments to solve highly strategic business problems.
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  • Unleashing Your Brand's Global Potential with Ads247365

    We are one of the best digital marketing agencies in the USA. We have built a team of professionals to manage your online presence and provide you with the best possible solutions for your business development. Our team has proven expertise in SEO, SMM, PPC, Social Media Marketing, and Content Writing. https://adsbizs.wordpress.com/affordable-digital-marketing-services-company
    Unleashing Your Brand's Global Potential with Ads247365 We are one of the best digital marketing agencies in the USA. We have built a team of professionals to manage your online presence and provide you with the best possible solutions for your business development. Our team has proven expertise in SEO, SMM, PPC, Social Media Marketing, and Content Writing. https://adsbizs.wordpress.com/affordable-digital-marketing-services-company
    ADSBIZS.WORDPRESS.COM
    Marketing
    Welcome to Ads247365, your go-to digital marketing services company! We are a team of experienced digital marketing experts who are passionate about helping businesses grow their online presence an…
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  • PERSONALITY-
    7 Strategies People Use to End Friendships.
    New research identifies key approaches and specific steps taken.
    Reviewed by Hara Estroff Marano

    Friendships are key to satisfaction, rivaling relationships with family and romantic partners to provide often life-long support unencumbered by the demands of genetic influence or, typically, sexual entanglement.

    Friendship, defined by Apostolou, in a recent research paper in the journal Personality and Individual Differences (2023), is “a long-term relationship of mutual affection and support between genetically unrelated individuals”, serves important functions of support and assistance favored by evolutionary forces of survival.

    Friendships provide family- and partner-like support during times of stress and fullness, going beyond practical interdependence to create an intimate bond based in close attachment, forming the basis of a tight-night community. In addition to support, friendship also serves to stave off loneliness (shown to be detrimental to well-being), as a way to promote the search for a mate, and to advance personal goals through collaborative effort. On that last point, nowadays more than ever, the critical role of relationship in business development has become ever clearer.

    Ripping Off the Band-Aid vs. the Slow Burn
    With an interest in studying specific strategies people use to end friendships, Apostolou notes that there are two big buckets: immediate termination and gradual termination, each with pros and cons. The benefit of immediate termination is that whatever negatives there are in being friends stop immediately, but there is a risk of consequences, including conflict, retaliation, and unnecessary harshness, along with “burning bridges”. Gradual termination is more palatable, leaving room for continuing acquaintanceship, less risk of conflict and retaliation, and keeping the door open to either rekindling the friendship or gaining benefit from the other person, who may (for example) have useful expertise independent of being a suitable friend.

    People end friendships for several reasons, including loss of affection, clashing of values, and distress in the friendship, such as betrayal, as well as due to selfishness, romantic involvement (the dreaded "friend zone"), drifting apart (lack of frequent interaction), and disapproval by family and friends.

    Developing a Granular Understanding of How Friendships End
    So, with the above in mind, how do people end friendships? Apostolou conducted a two-stage study consisting of first, qualitative (narrative) research with 225 people who were asked to discuss how they went about ending friendships. Their narratives were then analyzed to identify common factors. This was followed by a quantitative stage in which the factors found were were analyzed with a fresh group of 469 people to identify and refine the core strategies.

    There were seven overarching strategies, comprised of 43 distinct and sometimes overlapping actions designed to bring friendships to an end.

    1. Stop spending time with him/her. Stopping spending time, stopping calling, cutting the person out of future plans, avoiding seeking to go out with them, stopping looking for them, stopping contacting them, meeting less often, being unavailable to meet, minimizing direct and indirect communication as much as possible, ceasing to share thoughts, problems, or secrets with them.

    2. Have a talk. Telling them honestly why, stating they wanted to end the friendship, having a civilized conversation explaining why views and characters no longer match, stating the friendship no longer could continue, stating the reasons for the need to distance oneself, telling them they are not happy with the friendship any longer and it is not a good idea to continue, seeking a one-on-one meeting to explain why the friendship is not progressing, clearly sharing concerns, texting or emailing the reasons the friendship was ending.

    3. Make communication more formal. Replying to messages only in a formal tone, contacting only on special occasions, becoming colder.

    4. Talk badly to the former friend. Using bad language to explain why they didn’t want to be friends anymore, ending friendship by talking badly (e.g. being mean), being abrupt with him or her, telling mutual friends about displeasure with friend, hoping they would spread the word.

    5. Make excuses to avoid her or him. Not accepting invitations saying they were busy, making excuses not to meet, responding to messages after a long delay, failing to answer phone, email or texts.

    6. Gradual fade out. Indirectly distancing oneself, attempting to distance oneself slowly, finding ways to pull back in a roundabout way.

    7. Ghosting. Disappearing, disappearing without explanation, cutting off contact, cutting off every line of communication, not talking with him or her again, unfriending or blocking on social media, avoiding going to places where they might meet, avoiding the person directly, showing indifference to the person upon making contact.

    Further analysis showed that gradual termination was the most common strategy used, grounded in communication becoming more formal, with gradual fade-out and stopping spending time together, followed by talking about it. Immediate termination was the less common approach, based in ghosting, talking badly to the person, and finding excuses to avoid them. Compartmentalization–interacting with the person in limited contexts only–was identified as a possible fourth strategy, potentially a form of gradual termination.

    Personality traits influenced likelihood of using different strategies to end friendships. More agreeable people were more likely to use gradual termination, those more conscientious were less likely to ghost or just stop spending time together, and more extroverted individuals were more likely to talk about ending the friendship.

    The only sex difference uncovered was that men were more likely to use talk-badly strategies than were women, while older individuals were more likely to use avoidant approaches like ghosting and finding excuses to steer clear.

    Further Considerations
    Future research can further explore the important questions surrounding why and how people end friendships, following up on key questions such as which strategies are most effective under what circumstances, whether people tend to start off softer and up the ante if the person doesn’t “get the hint”, and what the consequences of different strategies are, such as ghosting versus talking through the friendship’s end.

    The research is important in terms of furthering general understanding of how relationships end. Especially when business and personal relationships overlap more and more, in these times of quiet quitting and quiet firing, explicitly articulating common practices for beginning, maintaining and terminating relationships takes on particular relevance.
    PERSONALITY- 7 Strategies People Use to End Friendships. New research identifies key approaches and specific steps taken. Reviewed by Hara Estroff Marano Friendships are key to satisfaction, rivaling relationships with family and romantic partners to provide often life-long support unencumbered by the demands of genetic influence or, typically, sexual entanglement. Friendship, defined by Apostolou, in a recent research paper in the journal Personality and Individual Differences (2023), is “a long-term relationship of mutual affection and support between genetically unrelated individuals”, serves important functions of support and assistance favored by evolutionary forces of survival. Friendships provide family- and partner-like support during times of stress and fullness, going beyond practical interdependence to create an intimate bond based in close attachment, forming the basis of a tight-night community. In addition to support, friendship also serves to stave off loneliness (shown to be detrimental to well-being), as a way to promote the search for a mate, and to advance personal goals through collaborative effort. On that last point, nowadays more than ever, the critical role of relationship in business development has become ever clearer. Ripping Off the Band-Aid vs. the Slow Burn With an interest in studying specific strategies people use to end friendships, Apostolou notes that there are two big buckets: immediate termination and gradual termination, each with pros and cons. The benefit of immediate termination is that whatever negatives there are in being friends stop immediately, but there is a risk of consequences, including conflict, retaliation, and unnecessary harshness, along with “burning bridges”. Gradual termination is more palatable, leaving room for continuing acquaintanceship, less risk of conflict and retaliation, and keeping the door open to either rekindling the friendship or gaining benefit from the other person, who may (for example) have useful expertise independent of being a suitable friend. People end friendships for several reasons, including loss of affection, clashing of values, and distress in the friendship, such as betrayal, as well as due to selfishness, romantic involvement (the dreaded "friend zone"), drifting apart (lack of frequent interaction), and disapproval by family and friends. Developing a Granular Understanding of How Friendships End So, with the above in mind, how do people end friendships? Apostolou conducted a two-stage study consisting of first, qualitative (narrative) research with 225 people who were asked to discuss how they went about ending friendships. Their narratives were then analyzed to identify common factors. This was followed by a quantitative stage in which the factors found were were analyzed with a fresh group of 469 people to identify and refine the core strategies. There were seven overarching strategies, comprised of 43 distinct and sometimes overlapping actions designed to bring friendships to an end. 1. Stop spending time with him/her. Stopping spending time, stopping calling, cutting the person out of future plans, avoiding seeking to go out with them, stopping looking for them, stopping contacting them, meeting less often, being unavailable to meet, minimizing direct and indirect communication as much as possible, ceasing to share thoughts, problems, or secrets with them. 2. Have a talk. Telling them honestly why, stating they wanted to end the friendship, having a civilized conversation explaining why views and characters no longer match, stating the friendship no longer could continue, stating the reasons for the need to distance oneself, telling them they are not happy with the friendship any longer and it is not a good idea to continue, seeking a one-on-one meeting to explain why the friendship is not progressing, clearly sharing concerns, texting or emailing the reasons the friendship was ending. 3. Make communication more formal. Replying to messages only in a formal tone, contacting only on special occasions, becoming colder. 4. Talk badly to the former friend. Using bad language to explain why they didn’t want to be friends anymore, ending friendship by talking badly (e.g. being mean), being abrupt with him or her, telling mutual friends about displeasure with friend, hoping they would spread the word. 5. Make excuses to avoid her or him. Not accepting invitations saying they were busy, making excuses not to meet, responding to messages after a long delay, failing to answer phone, email or texts. 6. Gradual fade out. Indirectly distancing oneself, attempting to distance oneself slowly, finding ways to pull back in a roundabout way. 7. Ghosting. Disappearing, disappearing without explanation, cutting off contact, cutting off every line of communication, not talking with him or her again, unfriending or blocking on social media, avoiding going to places where they might meet, avoiding the person directly, showing indifference to the person upon making contact. Further analysis showed that gradual termination was the most common strategy used, grounded in communication becoming more formal, with gradual fade-out and stopping spending time together, followed by talking about it. Immediate termination was the less common approach, based in ghosting, talking badly to the person, and finding excuses to avoid them. Compartmentalization–interacting with the person in limited contexts only–was identified as a possible fourth strategy, potentially a form of gradual termination. Personality traits influenced likelihood of using different strategies to end friendships. More agreeable people were more likely to use gradual termination, those more conscientious were less likely to ghost or just stop spending time together, and more extroverted individuals were more likely to talk about ending the friendship. The only sex difference uncovered was that men were more likely to use talk-badly strategies than were women, while older individuals were more likely to use avoidant approaches like ghosting and finding excuses to steer clear. Further Considerations Future research can further explore the important questions surrounding why and how people end friendships, following up on key questions such as which strategies are most effective under what circumstances, whether people tend to start off softer and up the ante if the person doesn’t “get the hint”, and what the consequences of different strategies are, such as ghosting versus talking through the friendship’s end. The research is important in terms of furthering general understanding of how relationships end. Especially when business and personal relationships overlap more and more, in these times of quiet quitting and quiet firing, explicitly articulating common practices for beginning, maintaining and terminating relationships takes on particular relevance.
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