Chapter One — 1.1 Background to the Study

Business Process Re-engineering has increasingly attracted the attention of researchers, regulators, and practitioners concerned with market share of firms. This growing interest reflects the recognition that business process re-engineering does not operate in isolation, but interacts with a wider set of institutional and market conditions found within the Nigerian Capital Market.

the Nigerian Capital Market presents a useful setting for examining this relationship precisely because the conditions there — structural, regulatory, and behavioural — differ from those typically assumed in the broader literature, most of which draws on evidence from more developed economies.

1.2 Statement of the Problem

Despite a growing body of literature on business process re-engineering, there remains limited consensus on the precise nature of its relationship with market share of firms, particularly within the Nigerian Capital Market. Many organizations continue to make decisions about business process re-engineering without a clear, evidence-based understanding of how those decisions ultimately affect market share of firms. This gap between practice and empirical understanding is the central problem this study seeks to address.

1.3 Objectives of the Study

1. To examine the effect of Business Process Re-engineering on market share of firms in the Nigerian Capital Market.
2. To assess the extent to which business process re-engineering influences market share of firms within the study area.
3. To identify the challenges associated with business process re-engineering in relation to market share of firms.
4. To recommend strategies for optimizing business process re-engineering in order to improve market share of firms.

1.4 Research Questions

1. What is the effect of business process re-engineering on market share of firms in the Nigerian Capital Market?
2. To what extent does business process re-engineering influence market share of firms within the study area?
3. What challenges are associated with business process re-engineering in relation to market share of firms?
4. What strategies can be adopted to optimize business process re-engineering in order to improve market share of firms?

1.5 Significance of the Study

Beyond its academic contribution to the field of business administration, this study has practical value for management teams within the Nigerian Capital Market seeking to understand how business process re-engineering translates into measurable outcomes around market share of firms. It is equally useful to students and future researchers looking for a localized empirical reference on this relationship.

1.6 Scope of the Study

In terms of scope, this study confines itself to the Nigerian Capital Market, focusing specifically on how business process re-engineering relates to market share of firms within that setting. Findings are interpreted within these boundaries rather than as universal claims applicable to every organization or market.