Investigating the key strategic factors responsible for the economic landmarks of China: a lesson for Nigeria

Investigating the key strategic factors responsible for the economic landmarks of China: a lesson for Nigeria
Document type
Conference Paper
Author(s)
Adebisi, Sunday Abayomi; Zengyao, Zhao; Adebakin, Mooruf
Publisher
British Academy of Management
Date of publication
9 September 2014
Series
British Academy of Management Conference Proceedings 2014
Subject(s)
Management & leadership: including strategy, public sector management, operations and production
Collection
Business and management
Material type
Reports

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[Authors' original abstract]

The study was conceived to further find empirical supports to the articulated reasons advanced by scholars for China’s economic success. 350 copies of a questionnaire were administered on MBA students and teachers of Soochow University, Participants of the China’s East Management Academic Conference and officials of the Suzhou government using stratified and simple random techniques. 252 copies were recovered. Cronbach Alpha test of internal consistency was excellent at ?=0.901. Principal Component Analysis was adopted. Findings revealed that: Kaiser-Meyer-Olkin (KMO) test of 0.862 was excellent; Bartlett’s test of sphericity was significant (p< 0.001); Rotation Sums of Square Loading RSSQ for the 8 extracted factors (12.401%, 11.830%, 8.977%, 7.087%, 6.985%, 6.481%, 6.075% &4.681%) accounted for 64.517 percentages of the total variance; confirming the orthogonal VARIMAX rotational extraction accuracy. Factor analysis was effectively used to synchronize 29 components-factors in achieving compact factors that can be re-modeled for adoption by developing countries, especially Nigeria.

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