International Journal of Business and Management Future https://www.cribfb.com/journal/index.php/ijbmf Centre for Research on Islamic Banking & Finance and Business en-US International Journal of Business and Management Future 2575-7911 Employees’ Remuneration and Performance in Nigerian Breweries PLC https://www.cribfb.com/journal/index.php/ijbmf/article/view/263 <p>This Study Aimed At Assessing The Effects Employees’ Remunerations On Productivity In The In Nigerian Breweries Plc. This Study Was Guided by three research objectives namely; to identify and discuss various forms of remuneration package in use, to examine the effects of remuneration packages on employees performance and to establish the relationship between improved remuneration and productivity in the Nigeria breweries. The study used descriptive research design. The population of this study consists of all staff working at the Nigerian Breweries PLC Ibadan. Sample of one hundred and twenty respondents were selected. A structured questionnaire was used to collect data from the respondents. The descriptive statistics employed include; frequencies and percentage and the relationship between independent and dependent variables were established using Pearson Product Moment Correlation coefficient with the use of (SPSS). The findings were presented using tables and figures. From the findings in the Hypothesis, the r= 0.509** was obtained. This is significant as the p-value greater than 0.05. This shows that there was a significant relationship between remuneration packages’ and employee performance. The findings also revealed that quick payment of remuneration has great influence on employees’ productivity. The study concluded that remuneration package such as overtime, constant remuneration payment, promotes morale and increase team cohesion. From this finding, it was recommended that, organization should continue providing security benefits to all employees, as it will positively influence employee productivity and raise overall performance in the all sectors. The study also recommends that the organization should continue providing health protection benefits to its employees since it will help them create a sense of loyalty and encourage their productivity in the economic sector. Organizations, especially Breweries PLC should review the current retirement package since a good retirement package will attract and retain employees in the organization and also improve their productivity.</p> <p>DOI:<a href="https://www.cribfb.com/journal/index.php/ijbmf/article/view/263"><strong>10.20193/ijbmf.v3i1.263 </strong></a></p> Ogunyemi Joseph Kayode Adewole Joseph Adeyinka Akinde John Abiodun ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 2019-05-23 2019-05-23 3 1 1 18 Industrial Development Strategy and Stimulator Industry of Iran’s Economy https://www.cribfb.com/journal/index.php/ijbmf/article/view/301 <p>With a glance on planning methodology, we try to analyze “Iran’s industrial development strategy proposition”. This proposition to somehow covers the requirements of Iran’s economic development strategy, and in this regard can be treated as an economic strategy plan and not industrial strategy plan. Approaches of this proposition-ignoring its long-run quantitative forecasts- can be used as a general solution to Iran’s long-run structural problems and can be summarized by international linkages and competitiveness as the main proposed strategies. But this proposition does not introduce stimulator engine sector of the economy; in this paper, we try to touch this nomination via an input-output sectoral linkages framework. We conclude that, to start of Iran’s economic fast growth, sectors of glass and glassware, cement, mine, other mineral &amp; non-ferrous products, basic steel and iron mill products, paper &amp; wood industries, chemical &amp; plastic industries, copper &amp; copper products, water and electricity in turn should be activated more to fulfill the needs for intermediate products in the economy. The sectors of foodstuff industries, aluminum, and other basic products of non-ferrous metals, copper and copper products, steel and iron mill products are able to increase the demand for intermediate products of other sectors more than the others. Basic steel and steel mill products, copper and copper products, aluminum and other basic non-ferrous metals products, cement, paper, and wood industries, glass and glassware, other mineral non-ferrous products, chemical industries, and plastic are more integrated than the others relating both forward and backward linkages. Machinery and equipment, basic products of steel and iron mill, chemical industries and plastic are mainly based on import and share of intermediate import to production of aluminum sectors and other basic products of non-ferrous metals, chemical industries, and plastic, basic steel and iron mill products, machinery and equipment industries is more than the other sectors. Aluminum and other basic products of non-ferrous metals, foodstuffs industries, basic products of steel and steel mill have a higher multiplier effect in increasing economy income, in other words, it is possible to consider them as pioneer sectors and economy stimulator engine. Aluminum and other basic products of non-ferrous metals, foodstuff industries, basic products of steel and iron mill have more affect the growth of other sectors. Sectors of chemical and plastic industries, agriculture, transportation services, warehouse keeping and communications, commercial services provide the highest amount of input for other sectors. We consider two scenarios for Iran’s industrial strategy as foodstuffs industries sector with export promotion, and the second, metals sectors (aluminum and other basic products of non-ferrous metals, basic products of steel and iron mill) with export promotion and import substitution.</p> <p><strong>DOI:</strong><a href="https://www.cribfb.com/journal/index.php/ijbmf/article/view/301"><strong>10.20193/ijbmf.v3i1.301 </strong></a></p> Bijan Bidabad ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 2019-06-06 2019-06-06 3 1 19 37 Operational and Efficient Production Functions: Measuring Efficiency in Abyek Cement Factory https://www.cribfb.com/journal/index.php/ijbmf/article/view/302 <p>In this paper, Leontief linear production functions with one product, and one activity are used to derive the production function of Abyek Cement Factory. The mathematical closed form of production function and also, profit, cost, and demand functions for production factors are obtained for the cited factory.</p> <p>We tried to calculate Operational Production Function of Abyek Cement Factory. It was realized that Leontief linear production function is applicable, and its mathematical form can properly express the economic structure of production in a cement factory.</p> <p>The efficient production function for this factory is also derived in this research. This function exhibits the costs incurred due to the inefficient production of the factory during different years. According to the findings, it was concluded that if the Abyek Cement Factory produces efficiently through employing optimal amounts of factors of production, it can reduce costs by 21 to 52 percent without any change in production level. Calculations were done for both short-term and long-term periods.</p> <p><strong>DOI: <a href="https://www.cribfb.com/journal/index.php/ijbmf/article/view/302">10.20193/ijbmf.v3i1.302 </a></strong></p> <p><strong>JEL:</strong> D22, L11, L61</p> Bijan Bidabad Mahshid Sherafati Roohollah Mohammadi ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 2019-06-06 2019-06-06 3 1 38 50 Mesoeconomics of Migration and Trade https://www.cribfb.com/journal/index.php/ijbmf/article/view/303 <p>In this paper, we analyze Mesoeconomics of migration and trade in interregional and international economy. Decision-makers are interested in analyzing how changing the prices or wages will lead to these movements and what policies can be devised to revert the markets into their initial equilibrium. We assume in our simple model, that the wages or prices change in one region, and we will measure the equilibrium of the markets of the two regions. After some time, by migration of workers and trading commodities, a new equilibrium will be achieved. If one of the governments of the two regions intends to revert the equilibrium to the state before changes were applied, how should that government act and how great will its financial burden be? In this paper, we try to formulate the answer to this question in the context of two simple, homogenous, and similar-shape economies. This paper is centered on the behavior of individuals of the two regions, which we try to generalize it so that we could evaluate the problem at meso level analytically. Therefore, we simplify the problem to the extent that its micro and macro dimensions coincide. We check different cases of Changing wage elasticity of price or production elasticity of employment and examine the financial burden of a policy of no labor and commodity movement. In this way, if the government of region 1 decides to counteract and revert the conditions into the previous state, it can pay specific subsidies to workers, legislate due taxes on selling commodities, and thereby establish the conditions of the equation as prior to changes.</p> <p><strong>DOI:<a href="https://www.cribfb.com/journal/index.php/ijbmf/article/view/303">10.20193/ijbmf.v3i1.303 </a></strong></p> Bijan Bidabad Mahshid Sherafati ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 2019-06-06 2019-06-06 3 1 51 59 A Financial Model for Economic Analysis of Cement Factory https://www.cribfb.com/journal/index.php/ijbmf/article/view/304 <p>In this paper, a method is presented to combine financial data and financial statements for economic analysis, which consequently introduces a software application for determining the economic structure of a cement factory. This software converts nearly 300 items of raw data of a cement factory to almost 4 times more economic-analytic information. The software analyzes the quantity and quality of production activities in addition to the cost structure of the concerned cement factory. It provides more than 80 descriptive figures, which have been defined previously and are applied to illustrate the economic structure of the cement factory. The calculated tables and figures are able to guide decision makers of the cement factory with regard to inefficiencies, obstacles, and various problems in the factory. In the end, a set of policies for increasing production efficiency and reducing costs are expressed briefly, which can be considered as the primary plans to operationalize the analytical information of the software. It is worth to mention that the presented structure of the software has been designed for Abyek Cement Factory. However, it can be employed as a guiding project for other cement factories as well. In other words, the software can be rebuilt with consideration of their specific information by revising and adjusting the software structure to cover their specific features.</p> <p><strong>DOI: <a href="https://www.cribfb.com/journal/index.php/ijbmf/article/view/304">10.20193/ijbmf.v3i1.304 </a></strong></p> Bijan Bidabad Mahshid Sherafati Rohollah Mohammadi ##submission.copyrightStatement## http://creativecommons.org/licenses/by/4.0 2019-06-06 2019-06-06 3 1 60 72