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Strategic Entrepreneurship Analysis of BUA cement in Nigeria


Author: Haruna Mohammed Kwajaffa*
Garden City Premier Business School, Plot 13 Herbert Macaulay Street, Old G.R.A, Port Harcourt, Rivers State, Nigeria.
Published Date: 2024-12-18
Keywords: Strategic entrepreneurship, sustainability, cement industry, market competitiveness, operational efficiency.
Abstract:
The study examines the strategic entrepreneurship efforts of BUA Cement Plc in Nigeria, emphasizing its role in the construction and infrastructure sectors. Employing a qualitative methodology, the analysis integrates secondary data from public repositories and utilizes frameworks like VRIO and SWOT to assess market competitiveness and strategic positioning. The case study focuses on BUA Cement's operational strengths, such as advanced production facilities and vertical integration, while highlighting challenges, including rising energy costs and infrastructure deficits. Instruments of analysis include financial reviews, trend analyses, and conceptual tools like market-based frameworks. The financial analysis reveals consistent growth in revenue and profitability from 2019 to 2022, driven by efficient cost management and market expansion. However, challenges such as currency volatility and high operational costs temper growth potential. Findings indicate that BUA Cement's sustainable practices, strategic locations, and integrated operations provide it with a competitive edge, but its dependence on Nigeria's market and exposure to external economic shocks remain concerns. Recommendations suggest investing in alternative energy sources, digital transformation for operational efficiency, regional expansion to diversify risks, and sustainability initiatives to align with global trends. These measures aim to enhance competitiveness and ensure long-term growth. The study underscores the importance of balancing innovation with resilience in Nigeria's dynamic business environment.