アラビアン・ジャーナル・オブ・ビジネス・アンド・マネジメント・レビュー

Benchmarks for Business Administration for Sustainable National Development

Abstract

Kingsley Akarowhe

Business administration encompasses all the activities in that involves rendering of meaningful services to an expected population of a nation. Over the years, there is a rising needs of government and relevant authorities for measure of sustainable national development has been of keen interest in recent times. Numbers of step and procedures have been highness by various sectors of the economy. The business sector owning to this fact has in recent years has contributed meaningfully to any nations development in terms of effective and efficient administration. The current level of business administration contribution in any nation cannot be overemphasized due to the global needs of raising the living standard of the national of the country. Owning to this ground business administration in recent years tends to set up benchmarks for determining their contribution to sustainable national development. It is against this background that this paper positioned that there is the need to determine benchmarks in business administration for sustainable national development which are employment generation; technological innovation; improved standard of living; increase in social amenities; and reduction of inflation. The paper also exposes some phases and hindrance in benchmarks for business administration for sustainable national development. This will serve as a pivotal for business to contribute positively to sustainable national development.