THE IMPACTS OF EFFECTIVE MANAGEMENT ON THE OPERATIONS OF SMALL SCALE BUSINESS
ABSTRACT
It has been pointed out that some
small scale industries are not effective enough due to poor operation and
management of the business.
small scale industries are not effective enough due to poor operation and
management of the business.
Many firms do not want to take risks
and so as a result of small scale of their operation. This small firms are usually located in
strategic places where the demand for their product is fairly high, this has
contributed to the growth of towns in Ekiti
State and Nigeria as whole.
and so as a result of small scale of their operation. This small firms are usually located in
strategic places where the demand for their product is fairly high, this has
contributed to the growth of towns in Ekiti
State and Nigeria as whole.
However, the objective and purpose of
this study is to access and verify how the impact of effective management on
the operations of small scale business in Ikere – Ekiti.
this study is to access and verify how the impact of effective management on
the operations of small scale business in Ikere – Ekiti.
In this project, the definition
problem and cause of small scale industries are ineffective, it also include
poor transportation and lack of fund that is inadequate capital. Government laid down rules and regulation
also affect some of small scale industries.
problem and cause of small scale industries are ineffective, it also include
poor transportation and lack of fund that is inadequate capital. Government laid down rules and regulation
also affect some of small scale industries.
The researcher suggested that manager
should undergo managerial training in order to acquire skills and techniques of
the business, they must also employ competent workers. The government has a vital role to play in
small scale industries they should provide necessary infrastructural facilities
like good roads and communication between rural and urban areas.
should undergo managerial training in order to acquire skills and techniques of
the business, they must also employ competent workers. The government has a vital role to play in
small scale industries they should provide necessary infrastructural facilities
like good roads and communication between rural and urban areas.
FOR COMPLETE PROJECT CALL 07064961036
TABLE OF CONTENTS
Title page
Approval page
Dedication
Acknowledgement
Abstract
Table of contents
CHAPTER ONE
Introduction
Statement of Problem
Purpose of the study
Research question
Significant of the study
Scope of the study
Definition of term
CHAPTER TWO
Review of Related Literature
Definition of Small Scale Business
The formation of the business
Historical background of small scale
business
business
Roles of small scale business
Management function
Department unit in small scale
business, personnel and finance
business, personnel and finance
Production and marketing
Sources of finance
Risk aversion in small scale business
Causes of small scale business
failure
failure
The impact of effective management on
the operation of small scale business on employment
the operation of small scale business on employment
CHAPTER THREE
Research methodology
Research design
Population
Sample and sampling procedure
Research instrument
Validity of the instrument
Reliability of the instrument
Method of data collection
Data analysis
CHAPTER FOUR
PRESENT ANALYSIS OF DATA AND RESULTS
Data analysis
Discussion of the findings
CHAPTER FIVE
SUMMARY, CONCLUSION AND
RECOMMENDATION
RECOMMENDATION
Summary
Conclusion
Recommendation
REFERENCES
APPENDIXES
CHAPTER ONE
INTRODUCTION
Background of the study
It has been noticed that failure
among small scale industries are caused by management inefficiency. The major difficult facing small scale
industries is bad management. Only few of business owners will admit that they
are bad managers, their assumption about their failure always are poor location
. excessive competition, inadequate scales and some claimed that external
economic condition were the cause of operation’s collapse. Yet, others pointed the fingers of blame for
the operation’s downfall handful of it’s key managers. In reality, there were great may who should
have received the blame, many specific causes were cited to explain why failure
in small scale industries occurred. But,
to the astute observers, one underlying causing of the operation collapse stood
out poor management.
among small scale industries are caused by management inefficiency. The major difficult facing small scale
industries is bad management. Only few of business owners will admit that they
are bad managers, their assumption about their failure always are poor location
. excessive competition, inadequate scales and some claimed that external
economic condition were the cause of operation’s collapse. Yet, others pointed the fingers of blame for
the operation’s downfall handful of it’s key managers. In reality, there were great may who should
have received the blame, many specific causes were cited to explain why failure
in small scale industries occurred. But,
to the astute observers, one underlying causing of the operation collapse stood
out poor management.
Poor management is the root of cause
most of the operating problem of small scale industries. A keen observation
revealed clearly that sound management practices were lacking. Long range goals
and plans, for instance, were practically non – existent labour relations were
bad. On numerous occasion the employees pilfered from the industry or used it supplies
and resources inappropriately or for personal benefit.
most of the operating problem of small scale industries. A keen observation
revealed clearly that sound management practices were lacking. Long range goals
and plans, for instance, were practically non – existent labour relations were
bad. On numerous occasion the employees pilfered from the industry or used it supplies
and resources inappropriately or for personal benefit.
Many of those responsible for the
operations various departments were in competent in their respective technical
fields, may were not. however, little or no concern was raised either about
those who were ill prepared or those who performance were not value as much as
loyality to the industry and it’s managers leaders.
operations various departments were in competent in their respective technical
fields, may were not. however, little or no concern was raised either about
those who were ill prepared or those who performance were not value as much as
loyality to the industry and it’s managers leaders.
In the past, economic conditions were
such that small scale industries makes heavy profit, as demand for it’s product
was strong. But, over the years the world and industry became increasingly
complex. Thus more effective and efficient methods of fore casting planning,
coordinating activating and controlling were needed to combine the demands of
productive enterprise. In thus operation, they were ignored. The one (sometimes
exclusive) ingredient that is absolutely essential, the factors that brings
money, materials equipment and people together than the sum of the past –namely
sound management was missing.
such that small scale industries makes heavy profit, as demand for it’s product
was strong. But, over the years the world and industry became increasingly
complex. Thus more effective and efficient methods of fore casting planning,
coordinating activating and controlling were needed to combine the demands of
productive enterprise. In thus operation, they were ignored. The one (sometimes
exclusive) ingredient that is absolutely essential, the factors that brings
money, materials equipment and people together than the sum of the past –namely
sound management was missing.
The proper blending of those
management function passes the ability of finding immediate solution to any
management problem encourted in a small scale industries.
management function passes the ability of finding immediate solution to any
management problem encourted in a small scale industries.
STATEMENT OF THE PROBLEM
The research work is concerned with bringing
into limelight of the impact of effective management on the operation of small
scale business in Ikere- Ekiti local government. The role of small sc ale industries in the development of Nigeria
cannot be over emphasized. Industries are provide some basic material and
employment. As a result of these role, it is considered necessary that small
scale business units should be improved and promoted. If this is not done
effectively, the national product will be very low.
into limelight of the impact of effective management on the operation of small
scale business in Ikere- Ekiti local government. The role of small sc ale industries in the development of Nigeria
cannot be over emphasized. Industries are provide some basic material and
employment. As a result of these role, it is considered necessary that small
scale business units should be improved and promoted. If this is not done
effectively, the national product will be very low.
Despite the new modern technology and
government aid in developing industrialization in Nigeria there are still some
problem militating against the impact and effectiveness of
government aid in developing industrialization in Nigeria there are still some
problem militating against the impact and effectiveness of
Small scale industries in the area.
This has led the researcher to this
study.
This has led the researcher to this
study.
The problem of this is listed above.
Low remuneration
Financial impropriety Embezzlement
Managerial incompetence
Worker lackadaisical attitude.
Inadequate capital.
A keen observation revealed clearly
that sound management practices were lacking long rang goals and plans for
instance were practically non existent. Labour unit relations were bad. On
numerous occasion the employees pilfered form the industry or used it supplies
and resource inappropriately or for personal benefit. Many of those responsible
for the operation various department were competent in their respective
technical field, many were not.
that sound management practices were lacking long rang goals and plans for
instance were practically non existent. Labour unit relations were bad. On
numerous occasion the employees pilfered form the industry or used it supplies
and resource inappropriately or for personal benefit. Many of those responsible
for the operation various department were competent in their respective
technical field, many were not.
THE PURPOSE OF THE STUDY
The purpose of the study are as
following
following
1) To identify the impact of the management
effectiveness towards the operation of
small scale business.
effectiveness towards the operation of
small scale business.
2) To show the role of management in the
effective business set.
effective business set.
3) To mention some of the prospects of small
scale industries and services.
scale industries and services.
4) To stress the importance of risk a version
in small scale business.
in small scale business.
5) To find out the impact of small scale
business on the part of the employee and community at large.
business on the part of the employee and community at large.
RESEARCH QUESTIONS
In this research work, the following
question will be answered.
question will be answered.
i.
Is
the management of small scale industries effective enough in organization?
Is
the management of small scale industries effective enough in organization?
ii.
Is this impact of management felt on the
operation of the organization?
Is this impact of management felt on the
operation of the organization?
iii.
Do
you agree that small scale industries play some roles in the economics
development of Ikere – Ekiti.
Do
you agree that small scale industries play some roles in the economics
development of Ikere – Ekiti.
iv.
Do
you agree that small scale industries located in rural area percent migration
of people from rural to urban area
Do
you agree that small scale industries located in rural area percent migration
of people from rural to urban area
v.
Do
small scale industries make good available to consumer in all nooks and
crannies of Ikere -Ekiti local
government.
Do
small scale industries make good available to consumer in all nooks and
crannies of Ikere -Ekiti local
government.
SIGNIFICANCE OF THE STUDY
This project will serve as a guide to
those people who are aiming to site small scale industries in Ikere- Ekiti
local government area.
those people who are aiming to site small scale industries in Ikere- Ekiti
local government area.
This research will be of great
importance to be business man by producing an sight into how top control their
business venture.
importance to be business man by producing an sight into how top control their
business venture.
This research work will intimate the
state government with the likely problem facing the impact on the effective
management and operation of small scale industries in Ikere-Ekiti.
state government with the likely problem facing the impact on the effective
management and operation of small scale industries in Ikere-Ekiti.
It will also serve as a sort of
motivait6fon of the people on how to plan, organize, control, Co-ordinate and
direct the resources of small scale business in proper way in order to make
profit.
motivait6fon of the people on how to plan, organize, control, Co-ordinate and
direct the resources of small scale business in proper way in order to make
profit.
This research will be very useful to
any one man business any form of small scale business.
any one man business any form of small scale business.
THE SCOPE/DE-LIMITATION
The study area is Ikere-Ekiti local
government area. Since the creation of Ekiti-state, Ikere local government been
the major commercial centre of Ekiti state. The major towns and villages, which
surrounded this area, have benefited immensely in the economic activities going
on in local government area.
government area. Since the creation of Ekiti-state, Ikere local government been
the major commercial centre of Ekiti state. The major towns and villages, which
surrounded this area, have benefited immensely in the economic activities going
on in local government area.
DEFINITION OF TERMS
1)
Production:
this is the process of transform goods
from one place to another. In other word
production is what we produce from the factory to the consumer.
Production:
this is the process of transform goods
from one place to another. In other word
production is what we produce from the factory to the consumer.
2)
Industrialization:
This is the process of increasing a nation size of economic activities e.g.
manufacturing, construction, mining etc to national output in the economy.
Industrialization:
This is the process of increasing a nation size of economic activities e.g.
manufacturing, construction, mining etc to national output in the economy.
3)
Firm:
This is the unit of an industry that produce goods and services
Firm:
This is the unit of an industry that produce goods and services
4)
Taxation:
This is a compulsory levy imposed by the government on individual and business
firm and paid by them to the government.
Taxation:
This is a compulsory levy imposed by the government on individual and business
firm and paid by them to the government.
5)
Management:
The job of planning, organizing and controlling and Enterprise, particularly a business firm.
Management:
The job of planning, organizing and controlling and Enterprise, particularly a business firm.
6)
Localization:
This is the concentration of different firms producing related goods in a
particular place.
Localization:
This is the concentration of different firms producing related goods in a
particular place.
The impacts of small scale on
employee on Nigeria
cannot be over emphasized, it is well known fact that it takes several years
for a person to gain education and even more on top of that to achieve
additional college firms demand labour.
employee on Nigeria
cannot be over emphasized, it is well known fact that it takes several years
for a person to gain education and even more on top of that to achieve
additional college firms demand labour.
HOW TO ORDER FOR COMPLETE PROJECT MATERIALSTEP 1
» Bank Branch Deposits, ATM/online transfers (Amount: ₦3,000 NGN)
 |
Bank: FIRST BANK Account Name: OMOOGUN TAIYE Account Number: 3116913871 Account Type: SAVINGS Amount: ₦3,000 AFTER PAYMENT, TEXT YOUR TOPIC AND VALID EMAIL ADDRESS TO 07064961036 OR 08068355992 OR Click Here |
 |
Bank: ACCESS BANK Account Name: OMOOGUN TAIYE Account Number: 0766765735 Account Type: SAVINGS Amount: ₦3,000 AFTER PAYMENT, TEXT YOUR TOPIC AND VALID EMAIL ADDRESS TO 07064961036 OR 08068355992 Click Here |
 |
Bank: HERITAGE BANK Account Name: OMOOGUN TAIYE Account Number: 1909068248 Account Type: SAVINGS Amount: ₦3,000 AFTER PAYMENT, TEXT YOUR TOPIC AND VALID EMAIL ADDRESS TO 07064961036 OR 08068355992 Click Here |