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25-527: The Mobolaji Johnson Arena has a capacity of 10,000 people and is the oldest in Nigeria. Located on the southeastern corner of Lagos Island near Tafewa Balewa Square, the original stadium was built in 1930 and six years later named after King George V . Between 1963 and 1973, it became known as the Lagos City Stadium. The current Onikan Stadium was renovated and reopened for football and cultural activities in

50-603: A Nigerian sports venue is a stub . You can help Misplaced Pages by expanding it . Lagos Island Lagos Island ( Yoruba : Ìsàlẹ̀ Èkó ) is the principal and central Local Government Area (LGA) in Lagos , Nigeria. It was the capital of Lagos State until 1957. It is part of the Lagos Division. As of the preliminary 2006 Nigerian census , the LGA had a population of 209,437 within an area of just 8.7 km . The LGA only covers

75-437: A profit margin for the consulting firm. Clients are looking to procure or purchase external help and assistance. Consulting firms sustain their revenues from a labour economic point of view as a method for distributing labour, where certain positions, roles or fields of expertise within the labour market find it more suitable for contract work, as contrasted to in-house employment, for a few conceivable reasons: Aside from

100-415: A management consultant is usually recommendations for achieving a company objective, leading to a company project. Many consulting firms complement the recommendations with implementation support, either by the consultants or by technicians and other experts. Consulting services are part of the professional services and account for several hundred billion dollars in annual revenues. Between 2010 and 2015,

125-537: Is a professional service firm that provides expertise and specialised labour for a fee , through the use of consultants . Consulting firms may have one employee or thousands; they may consult in a broad range of domains, for example, management , engineering , and so on. Management consultants, in particular, typically work with company executives and provide them with generalists and industry-specific specialists, known as subject-matter experts , usually trained in management or in business schools. The deliverable of

150-536: Is a significant difference between efficiency between consulting firms in America ( developed economy ) and consulting firms in Asia Pacific regions (emerging economy). Efficiency scores of consulting firms in America were significantly higher than consulting firms in Asia Pacific regions. This is because firms in developed economies have better infrastructure, organisation and education, thus advice given by consulting firms

175-462: Is also a prevalent sales argument for consulting services. It is common practice for consulting firms to be involved in the sale of outsourcing services as well. Similarly, outsourcing firms may offer consulting services as a way to help integrate their services with the client. Many consulting firms offer several service packages as part of their business portfolio . While consulting services and outsourcing services are compatible, issues arise if

200-560: Is the United Bank for Africa (UBA). Other medium and large-scale businesses such as real estate consultancy firms , electrical appliances manufacturers and retail stores are based in Marina, Lagos Island. Located on Nnamdi Azikiwe Street, Idumota , formerly Victoria St, Tom Jones Memorial hall is noteworthy as the venue of the call for positive action by zikists in November 1948. The hall

225-449: Is unclear, in part because of the upheavals that have occurred in this industry in recent years. One approach is to separate services into five broad service delivery families, considering the managers they are targeting: A consulting firm's model of business may be compared to staffing , wherein the objective is to lower labour costs for clients for an intended result, or relative to an intended result or output, in order to charge for

250-434: The 10 largest consulting firms alone made 170 billion dollars growth revenue and the average annual growth rate is around 4%. According to The Economist , the industry’s most important firms are the "Great eight" consulting firms which consist of Bain , BCG , McKinsey , Deloitte , EY , KPMG , PwC and Accenture . The segmentation of advisory services varies widely across organizations and countries. Categorization

275-844: The 1980s. In March 2008, the stadium was banned for use for the rest of the season by the Nigeria Football League when a pitch invasion injured many members of the Warri Wolves after a scoreless draw with First Bank. In 2019, it was renamed by the Lagos state government, from Onikan Stadium to Mobolaji Johnson Arena. 6°26′33″N 3°24′8″E  /  6.44250°N 3.40222°E  / 6.44250; 3.40222 See also: List of schools in Lagos See also: List of hospitals in Lagos See also: List of festivals in Lagos See also: Architecture of Lagos This article about

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300-494: The clients are not aware of the differences between the two. From an ethical standpoint, it is important that clients are aware of what type or types of services they are procuring , as consulting services are meant to be a complementary service to the client firm, whereas outsourcing effectively aims to replace parts of the client firm that are imperative to their operational ability. There are different types of consulting firms serving different sectors. They mainly fall under

325-450: The economic arguments stated above, consulting also acts as a corporate services model: consequently acting as a source of profit for clients, consulting firms and society as proffered. The consulting business model can be seen as a result of the knowledge economy , and as a subset of the knowledge industry . Today it is not rare for consulting firms to offer what may be considered turnkey solutions to clients. Knowledge transfer

350-496: The following fields: Some consulting firms also serve niche sectors, such as: In 2013, there was a randomized trial in Mexico where 432 small and medium enterprises were allowed access to management consulting services for one year. As a result of this trial, there were many positive impacts. Such positive impacts include: increase in entrepreneurial spirit, increases in employment and higher wages for employees. Even after 5 years after

375-521: The main government buildings, shops and offices. The Catholic and Anglican Cathedrals , as well as the Central Mosque, are located here. Historically, Lagos Island (Isale Eko) was home to the Brazilian Quarter of Lagos where the majority of the slave trade returnees from Brazil stayed. Many families lived on Broad Street in the Marina. The poor eastern side of the island contains

400-638: The main markets and poor housing and is overcrowded. It is the part of Lagos where the Oba (king) of Lagos resides. It is also believed that the Eyo festival can only be held in this part of Lagos. Most Nigerian banks' head offices are located on Lagos Island. First Bank of Nigeria is one of the Nigerian banks with its head office in Marina, Lagos Island. Another bank that has its head office situated in Lagos Island

425-576: The mainland by three large bridges (the Carter Bridge , the Eko Bridge and the Third Mainland Bridge ) which cross Lagos Lagoon to the district of Ebute Metta . It is also linked to the neighboring island of Ikoyi and to Victoria Island . The Lagos harbor district of Apapa faces the western side of the island. Forming the main commercial district of Lagos, Lagos Island plays host to

450-686: The marina include National House now occupied by Shell and it is the first tall office building at Marina. The former Central Bank headquarters and the Investment House, headquarters of Bank of Industry were both built-in 1960. The land on which the Investment House was built previously housed the Grand Hotel before it was demolished. New Africa House of UAC, Elder Dempster House, Nigerian Ports Authority head office and National Electric Power Authority 's former headquarters are all located along

475-416: The marina. [REDACTED] Media related to Lagos Island at Wikimedia Commons 6°27′N 3°24′E  /  6.450°N 3.400°E  / 6.450; 3.400 See also: List of schools in Lagos See also: List of hospitals in Lagos See also: List of festivals in Lagos See also: Architecture of Lagos Consulting firm A consulting firm or simply consultancy

500-588: The most of the advice given. Advice given by consulting firms to clients may not be used efficiently as clients firms in emerging markets tend to suffer due to a lack of infrastructure, organisation, and education. Another reason firms in emerging economies struggle to effectively use consulting services is that innovation is very costly and risky. As noted above , consulting firms in emerging economies do also have positive impacts. Positive impacts include: increases in employment, increase in entrepreneurial spirit and higher wages for employees. One study shows that there

525-612: The numerous ponds and fountains at the park or visit the Wole Soyinka Art Gallery to view unique art presentations. The Lagos Marina is host to a number of office buildings, and other structures such as the Bookshop House which was formerly owned by CMS and the Cathedral Church of Christ . Due to the conditions of the soil , the foundations of most of the tall buildings are either piled or raft. Buildings along

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550-492: The trial, positive impacts are still active. These results were achieved by advertising a consulting program to 432 enterprises and recorded data on the positive effects. The impact of consulting firms on local businesses in emerging economies do not always have positive effects. One reason for this is that firms in emerging economies suffer from the inferiority of their technologies and innovation capabilities, thus, although they have access to consulting firms, they cannot make

575-457: The western half of Lagos Island; the eastern half is simply referred to as Lagos Island East LCDA. Lying on Lagos Lagoon , a large protected harbour on the coast of Africa, the island is home to the Yoruba fishing village of Eko , which grew into the modern city of Lagos. The city has now spread out to cover the neighboring islands as well as the adjoining mainland. Lagos Island is connected to

600-416: Was built by trustees selected by Mr Thomas Jones who died in 1913. In his will, he bequeathed the land and funds for a hall and library in his memorial. Freedom Park is becoming a major tourist attraction and it is located on Lagos Island. The park was formerly a prison yard, back when the country was still under colonial rule and it was known then as Her Majesty's Broad Street Prisons. Freedom park

625-504: Was created to serve as a national memorial in remembrance of the nation's founding fathers who struggled against colonial rule and fought for the country's independence . The park was opened in 2010 to celebrate Nigeria's 50th independence celebration. The park is now a tourist attraction to both locals and foreigners and you can actually find historical statues all over the park. There is also an amphitheatre which holds concerts , music shows and drama presentations. You can also relax by

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