Breaking the Bottleneck of Owning in Business

Dr. Orok B. Arrey

Authors

Dr. Orok B. Arrey

Keywords:

provide physical facilities, inventories and organization as well as create an image

Abstract

A new business, is more of a gamble. The owner has no idea how the business will perform since it has no past history or customer loyalty. The owner must provide physical facilities, inventories and organization as well as create an image for the business and assume it's risks. There are certain advantages to doing this. The new firm is designed specially by the entrepreneur. Location is selected; not merely accepted because it is already there. The fixtures, equipment, inventories, employees serve the needs of the owner. Although all customers are new and must be attracted to the business, there is no chance of inheriting a poor reputation from the owner.

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How to Cite

Breaking the Bottleneck of Owning in Business. (2015). Global Journal of Management and Business Research, 15(34), 11-20. https://journalofbusiness.org/index.php/GJMBR/article/view/

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Author Biography

Dr. Orok B. Arrey

Dr. Orok B. Arrey is a distinguished academic and researcher in the field of Business Administration, currently affiliated with the Department of Business Administration at Federal University Wukari, Taraba State, Nigeria. With a career dedicated to exploring the intersections of entrepreneurship, organizational development, and public policy, Dr. Arrey has authored numerous scholarly works that address critical issues in Nigerian business and management. His research portfolio includes studies on leadership competence in indigenous entrepreneurship, political risk for multinational corporations, industrialization and economic advancement, corporate planning, and human resource management. Dr. Arrey's work has been cited extensively, reflecting his influence in the academic community. He has published 7 indexed works, accumulating 16 citations, with an h-index of 2 and an i10-index of 0. His contributions continue to shape the understanding of business dynamics in developing economies.

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