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Strategic Planning, Systematic Formulations and Skillful Analysis: Repercussion for the Twenty-First Century Business Education in Nigeria 360 Degrees

Received: 2 August 2024     Accepted: 5 September 2024     Published: 26 September 2024
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Abstract

In the rapidly evolving landscape of the global economy, business education in Nigeria faces unprecedented challenges and opportunities. This study explores the vital roles of strategic planning, systematic formulations, and skillful analysis in revolutionizing business education in Nigeria for the 21st century. It posits that a strategic, well-formulated, and analytically driven approach to business education would significantly enhance the development of requisite skills, adaptability, and responsiveness among students and educators alike. The design of the study is descriptive survey research design. Four research question was formulated to guide the study. The population of Eight hundred and one (801) business education students in the University of Cross River State Nigeria and one hundred and thirty (130) lecturers of business education from tertiary institutions of learning in cross river state Nigeria total nine hundred and thirty one (931) was used for the study. The instrument used for data collection was a structures questionnaire titled “planning formulations analysis for Business Education Questionnaire (PFABEQ)”. A sample size of 269. The reliability of the instrument was established using Cronbach Alpha method. The reliability coefficient of 0.87 was obtained. The data collected was analyzed using mean and standard deviation for research questions. The implications of this study suggest that an integrated approach, combining strategic planning, systematic formulations, and skillful analysis, would lead to a more dynamic, relevant, and effective business education system. This, in turn, shall equip future business leaders in Nigeria with the tools and mindsets required to thrive in a complex, rapidly changing global business environment. The study concludes with recommendations for educators, policymakers, and stakeholders on implementing these strategies to foster a robust and future-ready business education ecosystem in Nigeria.

Published in Teacher Education and Curriculum Studies (Volume 9, Issue 3)
DOI 10.11648/j.tecs.20240903.14
Page(s) 77-85
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Strategic Planning, Systematic Formulations, Skillful Analysis, Twenty-First Century and Business Education

References
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[3] Tunde. U, Saadu Usman Tunde: Educational Reforms in the Modern World FULL IMPLEMENTATION OF 6-3-3-4 EDUCATIONAL SYSTEM: A PANACEA FOR EDUCATIONAL REFORM IN NIGERIA, 2023. Department of Research and Publication, A2Z Learning Hub, ISBN: 978-81-962554-0-
[4] Adeyemi, T. O., & Adeyinka, A. A. The Principles and Content of African Traditional Education., 2016; Educational Philosophy and Theory, 38(4), 493-506.
[5] Ajayi, I. A., & Ayeni, A. J. Strategic planning and management of business education in Nigeria, 2018; Journal of Education and Practice, 9(30), 125-131.
[6] Ayo, C. K., Nnachi, O. I., & Gbaje, E. S. Integrating internship program in business education curriculum for national development in Nigeria., 2019. Journal of Education and Practice, 10(30), 24-31.
[7] Daramola, A. G., & Ogunnaike, O. O. Curriculum development for effective business education in Nigeria. 2019, Journal of Education and Practice, 10(28), 38-44.
[8] Ezeani, N. S., & Onyekwelu, U. L. Entrepreneurship education and economic development in Nigeria: Challenges and prospects., 2018. Journal of Education and Practice, 9(19), 115-122.
[9] Nwachukwu, C., Chladkova, H., & Fadeyi, O. Curriculum reform in business education: The role of critical thinking and inclusiveness, 2012, Journal of Business Education and Scholarship of Teaching, 6(1), 1-12.
[10] Nwosu, B. O., & Ohia, A. Innovation and Entrepreneurship in Business Education in Nigeria. 2010, Journal of Education and Practice, 1(2), 22-29.
[11] Ojo, L. Maximizing the Potentials of Information and Communication Technology (ICT) in Nigeria’s Education System. 2019, Journal of International Social Research, 2(8), 131-138.
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[14] Okebukola, P. A. Addressing the challenges of global competitiveness in science and technology development in Nigeria. 2011, Higher Education Policy, 24(1), 95-108.
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[17] Olaniyi, O. N., & Ojo, L. B. Challenges and prospects of business education in Nigeria. 2021, Journal of Business and Educational Policies.
[18] Onwe, M. O. Strategies for improving business education curriculum in Nigerian universities. 2018 Journal of Educational Policy and Entrepreneurial Research, 5(3), 131-138.
[19] Oviawe, J. I. Bridging the Skills Gap between Work and Education in Nigeria. 2016 International Journal of Vocational Education and Training Research, 2(1), 7-13.
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  • APA Style

    Afo, O. C., Bassey, R. S. (2024). Strategic Planning, Systematic Formulations and Skillful Analysis: Repercussion for the Twenty-First Century Business Education in Nigeria 360 Degrees. Teacher Education and Curriculum Studies, 9(3), 77-85. https://doi.org/10.11648/j.tecs.20240903.14

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    ACS Style

    Afo, O. C.; Bassey, R. S. Strategic Planning, Systematic Formulations and Skillful Analysis: Repercussion for the Twenty-First Century Business Education in Nigeria 360 Degrees. Teach. Educ. Curric. Stud. 2024, 9(3), 77-85. doi: 10.11648/j.tecs.20240903.14

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    AMA Style

    Afo OC, Bassey RS. Strategic Planning, Systematic Formulations and Skillful Analysis: Repercussion for the Twenty-First Century Business Education in Nigeria 360 Degrees. Teach Educ Curric Stud. 2024;9(3):77-85. doi: 10.11648/j.tecs.20240903.14

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  • @article{10.11648/j.tecs.20240903.14,
      author = {Odey Clement Afo and Rajunor Sam Bassey},
      title = {Strategic Planning, Systematic Formulations and Skillful Analysis: Repercussion for the Twenty-First Century Business Education in Nigeria 360 Degrees
    },
      journal = {Teacher Education and Curriculum Studies},
      volume = {9},
      number = {3},
      pages = {77-85},
      doi = {10.11648/j.tecs.20240903.14},
      url = {https://doi.org/10.11648/j.tecs.20240903.14},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.tecs.20240903.14},
      abstract = {In the rapidly evolving landscape of the global economy, business education in Nigeria faces unprecedented challenges and opportunities. This study explores the vital roles of strategic planning, systematic formulations, and skillful analysis in revolutionizing business education in Nigeria for the 21st century. It posits that a strategic, well-formulated, and analytically driven approach to business education would significantly enhance the development of requisite skills, adaptability, and responsiveness among students and educators alike. The design of the study is descriptive survey research design. Four research question was formulated to guide the study. The population of Eight hundred and one (801) business education students in the University of Cross River State Nigeria and one hundred and thirty (130) lecturers of business education from tertiary institutions of learning in cross river state Nigeria total nine hundred and thirty one (931) was used for the study. The instrument used for data collection was a structures questionnaire titled “planning formulations analysis for Business Education Questionnaire (PFABEQ)”. A sample size of 269. The reliability of the instrument was established using Cronbach Alpha method. The reliability coefficient of 0.87 was obtained. The data collected was analyzed using mean and standard deviation for research questions. The implications of this study suggest that an integrated approach, combining strategic planning, systematic formulations, and skillful analysis, would lead to a more dynamic, relevant, and effective business education system. This, in turn, shall equip future business leaders in Nigeria with the tools and mindsets required to thrive in a complex, rapidly changing global business environment. The study concludes with recommendations for educators, policymakers, and stakeholders on implementing these strategies to foster a robust and future-ready business education ecosystem in Nigeria.
    },
     year = {2024}
    }
    

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    AU  - Odey Clement Afo
    AU  - Rajunor Sam Bassey
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    AB  - In the rapidly evolving landscape of the global economy, business education in Nigeria faces unprecedented challenges and opportunities. This study explores the vital roles of strategic planning, systematic formulations, and skillful analysis in revolutionizing business education in Nigeria for the 21st century. It posits that a strategic, well-formulated, and analytically driven approach to business education would significantly enhance the development of requisite skills, adaptability, and responsiveness among students and educators alike. The design of the study is descriptive survey research design. Four research question was formulated to guide the study. The population of Eight hundred and one (801) business education students in the University of Cross River State Nigeria and one hundred and thirty (130) lecturers of business education from tertiary institutions of learning in cross river state Nigeria total nine hundred and thirty one (931) was used for the study. The instrument used for data collection was a structures questionnaire titled “planning formulations analysis for Business Education Questionnaire (PFABEQ)”. A sample size of 269. The reliability of the instrument was established using Cronbach Alpha method. The reliability coefficient of 0.87 was obtained. The data collected was analyzed using mean and standard deviation for research questions. The implications of this study suggest that an integrated approach, combining strategic planning, systematic formulations, and skillful analysis, would lead to a more dynamic, relevant, and effective business education system. This, in turn, shall equip future business leaders in Nigeria with the tools and mindsets required to thrive in a complex, rapidly changing global business environment. The study concludes with recommendations for educators, policymakers, and stakeholders on implementing these strategies to foster a robust and future-ready business education ecosystem in Nigeria.
    
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