The desire to meet the needs of others by
providing them with goods and services, for profit making is the driving force that motivates people who go into commercial activities to
adopt organized, and strategic approach
to satisfy their clients and customers. Rendering satisfactory services to customers is the ultimate goal of every
business. It is the quality of the products, and services that determines the duration of the customer's patronage. Every business person who intends
to keep his clients or customers coming for more goods and services must aim
at creating a cordial relationship with them.
In other to establish a cordial relationship with clients or customers,
their satisfaction must be top on the list of priorities in every business
operation. Since the aim of every
business activity is profit making , the amount of profit a business can
generate depends largely on the number of clients or customers the business is
providing services to. Therefore the goal of every business person
is to attract as many customers as possible and making sure non of them
is lost. The growth of every business depends on
proper management of accumulated profit.
A successful business must have good management team. A good manager
must possess the strategic skills of reducing the cost of operations to earn a
reasonable amount of profit. The economic activities of countries around the
world are carried out through business
operations. The kinds of business activities
and their mode of operations
plays a key role in the
social and economic life of a country.
The responsibility of the leadership of
every country is to formulate and implement
policies and programs with the
objective of managing it's available
resources for the benefit of all it's citizens.
The resources of a country is the
potential wealth of that country. When the resources are properly managed, the resultant effect will be the relative
growth of the economy. The standard of living of a country's citizens is a
reflection of the economy of that country. Before a country is said to be a
developed economy , all of it's
citizens must have access to the
basic social, and economic
amenities to ensure a healthy,
comfortable, and sustainable society.
In other for this aim to be achieved, every citizen has to be involved
in the building of the country's economy by engaging in various kinds of
business activities that are profit
oriented. There are different kinds of businesses carried out all around the world. The type of business that is dominant in a country depends to some extent, on the country's available
natural resources. The benefit from resources can only be gained
when the potentials of the citizens are properly harnessed and managed toward
providing goods , and services to meet the needs of everybody. Growing the
economy is the responsibility of every
individual, and it is therefore necessary that there be adequate human
capacity development. The people must
acquire the necessary skills that will guarantee productivity in any type
of business they may wish to venture into. The goal of every growing
economy should be to create jobs for as
many citizens as possible. Although the importance of education cannot be
overemphasized, there will be limit to what a university graduate without a
skill can achieve compared to what they would have if they had skills. Skills
make entrepreneurs and entrepreneurship is driven by applying skills to solve
problems. This achievement will reduce
unemployment . It is therefore important that every person engaging in any
money making venture should focus on expansion in other to create more
jobs . There are certain factors
that determines the fate of a country's economy. Some of these factors, which
are directly linked to the types of businesses prevalent in a particular area, may also be peculiar to
that area. In every civilized society, every individual must be able to afford the basic needs of
life. There has to be the provision of modalities to create and also
support different kinds of business opportunities. Measures should be put in place to checkmate the occurrence
of any situation that might be
detrimental to the economy. The various sectors of the economy includes , agriculture, manufacturing and
service sector. In order to guarantee growth in the economy, these sectors must
be properly developed.
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