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Developing the Vision and Mission of Public Enterprises in Nigeria: Paradigm shift from the Status Quo to Global Best Practices
Abstract
The paper centres on developing the vision and mission of public enterprises in Nigeria. This becomes imperative because of the ways and manners that public enterprises in Nigeria over the years went about their business without clear focus of the vision and mission by which they were established. The paper has the objective of proffering solutions to the existing problems and challenges that hindered the realization of the set goals of public enterprises in Nigeria. Many literature were reviewed and the paper adopted situational theory as the theoretical foundation of analysis. Content analysis method was used in data collection. The study identified some lapses that vitiated the relevance and justification of public enterprises in Nigeria, among which are: over planning, tribalism, bad leadership, lack of professionalism, corruption etc. and finally, the study suggests possible ways out of the problems such as: change management, crises management, professionalism, strategic planning among others.
