ABSTRACT
The study delved
into impact of credit management on the operation of selected small scale
enterprises in Nigeria. The study examines whether integration of the world
economic enhances product development and performance and whether the advent of
internet has effect on product innovation in the beverage industry.
The survey
research design was employed in this study and the questionnaire was the main
research instrument. A total of 30 respondents make up the sample size of the
study and chi-square was used as the statistical tool to analyze or in
analyzing the collected data.
The findings of
this study revealed that extension of credit to customers is an average for
imploring sales of small scale industries. Efficiency in the management of
small scale business lies on the way credit is been managed. Furthermore, small
scale business credit standard and credit analysis before extending credit to
customers.
TABLE OF CONTENT
CHAPTER ONE
INTRODUCTION
1.0 Background of
the Study
1.1 Historical
Background of the Case Study (Cadbury Nigeria Plc)
1.2 Statement of
Problem
1.3 Objective of
the Study
1.4 Research
Question
1.5 Research
Hypotheses
1.6 Significance
of the Study
1.7 Scope of the
Study
1.8 Limitation of
the Study
1.9 Definition of
Terms
1.10 Summary of
Subsequent Chapters
CHAPTER TWO
LITERATURE REVIEW
2.0 Introduction
2.1 Concept of
Small Scale Business.
2.2 Characteristics
of Small Scale Enterprises
2.3 Roles and
Importance of Small Scale Business
2.4 Factors to
Consider Before Starting a Small Scale Business.
2.5 Over View of
Governments Effort in the Development of SMEs in Nigeria
2.6 Conceptual
Framework Credit Management.
2.7 Administration
of Credit
2.8 Credit
Control
2.9 Theories of
Comparative Management
CHAPTER THREE
RESEARCH METHODOLOGY
3.0 Introduction
3.1 Research
Design
3.2 Characteristics
of the Studies Population
3.3 Restatement
of Research Questions
3.4 Restatement
of Research Hypotheses
3.5 Research
Instrument and Administration
3.6 Sample and
Sampling Design
3.7 Methods of
Data Analysis
3.8 Limitation of
the Study
CHAPTER FOUR
DATA ANALYSIS AND INTERPRETATION
4.0 Introduction
4.1 Analysis of
Personal Data
4.2 Analysis of
Variables
4.3 Test of
Hypotheses
CHAPTER FIVE
SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATION
5.0 Introduction
5.1 Summary of
Findings
5.2 Recommendations
5.3 Conclusions
Biography
Questionnaire
CHAPTER ONE
INTRODUCTION
1.0 BACKGROUND TO THE STUDY
Private Sector
Development as suitable alternative for promoting sustainable and balanced
growth in African has attracted considerable attention. Many government and
development organizations have focused on the promotion of medium-scale
enterprise (SMEs) as a way of encouraging broaden participation in the private sector. The promotion of
SMES and especially of those in the informal sector is viewed as a variable
approach to sustainable development because it suits the resources in Africa.
The contemporary
business environment faced with a number of challenges particularly the
globalization process is on course is attempt to standardize operation. One the
strategies used in coping with globalization is credit management. Credit
management refers to those decision variables that influence the amount of
trade credit that is, investment in recurable which a business firm may
undertake to any given time. It plays a vital role in promoting small scale
industries in Nigeria.
The promotion of
small scale industrial business is well recognized and much better strategies
of industries development in developed and developing countries and its ability
to enhance entrepreneurial and management skills.
In (1973)
Nigeria Small Scale Industries Association defines small scale business as
those having investment like capital, land, building and equipment up to 60,000
and employing no more-than fifty people.
Some scale
industries a business could be referring to the sector of economy that is mostly
concern with the distribution and marketing both industrial and domestic
products. According to Ajonbadi (2002) saying Small Scale Industry is an
industry which the total capital employed is over 1.5 but not more than 50
million including working capital of it 100 workers.
The research
work is to analyze critically the impact analysis of credit management
strategies to sector of trade, the problem in managing credit problems and with
the aim of finding a lasting solution to the problems and expand the activities
of small scale business in the economy in order to arose the attraction both
government and individual.
1.1 STATEMENT OF PROBLEMS
Small medium
businesses have limitations and problems that account for their failures. All
business organization is irrespective of their objectives have philosophy of
growth, survival and adaptiveness. (LAWAL, 1993).
The important
role which small scale enterprise play in the economics of nations, from the
first to the last sage in the developmental countries makes them very relevant
in many aspects of economic policies especially those of industrial
development. However, the extent to which these enterprises contribute to
industrial development depends on the level of growth and development of these
enterprises.
In Nigeria, just
as in most other countries, small scale enterprise are more in number than
large scale enterprises. This is not surprising given the nation's how level of
development in both human resources and capital formation.
Small Scale
Firms like medium firms, however create bulk of the employment provided in the
promotion of entrepreneurship and utilization of indigenous technology as well
as ensuring even and more appropriate location of industries.
1.2 OBJECTIVES OF THE STUDY
The general
objective of the study is to examine the impact of credit management on the
operation of selected small scale enterprises in Nigeria.
Evidence has
shown that small scale firms usually carryout "NICHES" and produces highly specialized service of
product in a geographical area and do not perceive any clear competition.
1. The main
purpose of this research is to understand the types of credit, standard of
credit, administration of credit and credit terms.
2. Then
review the problems of managing credit of small scale business in Nigeria, with
the aim of finding lasting solution to them and possibly bring up innovational
and ideas general towards expansion in the growth and development of small
scale enterprises (SME) in the state.
3. To
intensively review the role of the government over the year in the small scale
industry enterprises so as to draw attention of the government to the
development of the sector.
1.3 RESEARCH QUESTIONS
i) Do survival of small scale business
depend on accessibility of credit facility?
ii) Does
institutional incentives given by government agencies affect the effort of
small scale business in Nigeria?
iii) Is there
significant relationship between credit management and small scale enterprises
performance?
iv) To what
extent do credit management influence small scale enterprises productivity?
v) Is there
any significant relationship between credit management and small scale
enterprise profitability?
vi) Does credit management reduce fraudulent
act in SSEs?
vii) Does credit management reduce materials
wastage in SSEs?
1.4 RESEARCH HYPOTHESES
HO - There is no significant relationship
between Credit management and
Small Scale Business in Lagos State.
H1 - There is significant relationship
between Credit management Small
Scale Business in Lagos State.
HO - Credit
management strategy of SMEs do not have significant effects
on their profitability.
H1 - Credit
management strategies of small scale enterprises have a
significant effect on their profitability.
1.5 SIGNIFICANCE OF THE STUDY
The important of
small and medium enterprises in the economy. AT the end of the study, the
researcher expects that the finding will serve as a point of reference to the
managing of business organization student, professional, student of economist
and general public. This study will reveal the relevant of credit management.
This study also
contributes to knowledge in terms of provisions of additional information in
the form of ideas, opinions and views from the field (industry operators) to
develop and move the sector forward by way of checking the relationship that
exists between the financial institution and SMEs in Nigeria.
1.6 SCOPE AND LIMITATION OF THE STUDY
The study covers
credit management SMEs in Nigeria, particularly in Lagos State and does not
extend to other sectors. This study is restricted to selected small scale
enterprises in Ikeja local government of Lagos State. The study covers a
representative numbers of the generality of SMEs. No special consideration is
given to sex, age and nationality in collecting data from the respondents.
The level of
accuracy in this study is proportional to the availability of information that
the respondents are willing to give. Also, there is this uncertainty that
information given is without bias. Also, undertaking a research study is a
serious business. It requires a commitment of time, money and energy, both
intellectual and physical. Hence, balancing the study with academics and going
to work is a Herculean task.
1.7 Definitions of Terms
·
Credit Management: decision
variables that influence the amount of trade credit that is, investment in
recurable which a business firm may undertake to any given time.
·
Banks: This is a financial institution
that aid in collection of deposit and granting loans and other auxiliary
service to the public.
·
Banking: Is a service delivery business in
which information is pivotal, whether in the honoring of cheques or other
withdrawals.
·
Consolidations: This is another
term used in place of merger and acquisition. Thus, it is the combination of
two or more corporation.
·
Enterprises: This is any
commercial undertaking that is either publicity of privately owned or
controlled. The word is used interchangeably with organisation in this study.
·
Performance: The degree of
efficiency and effectiveness with which the organisation objectives are
achieved.
·
Small Scale Enterprises: These are
enterprises in which power consumptions, number of employees, quantum of raw
materials, output like are small in size.
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