ABSTRACT
This research work highlights the role of Small
Scale business in industrial technological development of Nigeria. The
industry used as Case Study is Pz Nigeria Limited, Isolo, Lagos.
With the necessary information and method of study
relying heavily on questionnaire administration, the findings of this study is
that small scale has received a socio-economic ventures designed of address
poverty squarely.
Its purposes is to motivate and encourage the
Nigeria populate, to improve their standard of living by making proper use of
management resources generated to their communities. Also from the findings, I
was able to realize that Pz Nigeria Limited has been able to provide
employment.
TABLE
OF CONTENTS
CHAPTER
ONE
1.1
Introduction
1.2
Statement of
Problem
1.3
Objectives And
Purpose
1.4
Statement of
Research Hypothesis
1.5
Significant of
the Study
1.6
Scope of the
Study
1.7
Limitations of
the Study
1.8
Definitions of
terms
1.9
Historical
background of Hyson
CHAPTER
TWO
2.0
Literature Review
2.1
Meaning and Definition of Small Scale
Business
2.2
Setting up of Small Scale business
2.3
The importance of Small Scale
2.4
The functions and Characteristics of
Small Scale business
2.5
Small Scale Business and technological
Development
2.6
Impacts of Small Scale business in
industrial development in Nigeria
2.7
Sources of Revenue for Small Scale
business
2.8
Limitations of Small Scale Business
2.9
Problems of Small Scale Business
2.10
Solution to the Problem
CHAPTER THREE
3.0
Research Methodology
3.1
Methods and Procedures
3.2
Population and sampling
3.3
Determination of Sampling Size
3.4
Research Instrument
3.5
Problems of data collection
3.6
Limitation of research instrument
3.7
Technique of
Data Analysis
CHPATER
FOUR
4.1
Data Analysis
4.2
Identification of variables
4.3
Interpretation of data
CHAPTER FIVE
5.1 Summary
5.2 Conclusion
5.3 Recommendation
Appendix 1
Appendix 2
Reference
CHAPTER ONE
1.1 INTRODUCTION
Business
from the economist point of any human endeavor that is profit oriented. The
importance of this definition is that any activity that has not profit malice
in view is not a business. However, activity as us in context can be reeled to
any enter price or business that is profit oriented and in fact, they range
right from buying and selling, small scale industry in mini agro allied
industry and husbandry agencies, construction works and craftsmanship etc.
In
the medieval period, there was hardly and need for business transactions since
production is strictly on subsistence level. But as the society started to
develop, the advent of technology take off, so the volume of production
increased and to the advantage of human being and work progress.
The
foraging is just overview of the nature of business both in the subsistence and
exchanged economics.
Historically,
however, observation revealed that prior to this moment; Small-scale business
has been the largest single form of entrepreneurship operating in the society –
usually owned by a person or a few persons as partnership. This has been
exclusively dominant by the private individual for quite a while and ever now.
However,
with the dawn-turn in the future government over the last decade, National
Economics Policy focused more attention on the promotion of small scale
business mostly in those areas that have not been properly explored by the
private individuals. This is relatively a new phenomenon, leather training, Meta I fabrication and some other areas that was poorly
handled by the private business entrepreneurs.
In
fact, there are some constraints in this implementation of most of these
projects and suck problem would be fully discussed in the subsequent chapters.
1.2 STATEMENT
OF PROBLEM
These
studies also examine the problem faced by them in the process of performing
their task in order to make correct recommendation to the society for possible
solution. There are lots of problem affecting the role of small seals business
in industrial technological development of Nigeria which have made it more
compete to venture into.
Some of the problems include
a. Lack
of qualified management personnel
b. Unreasonable high rate of unqualified
staff
c. Lack of adequate motivation
d. Inadequate delegation and authorities and
power
e. Inadequate management and staff form
f. Poor information system
g. Lack of adequate fiancé
h. Inability to implement decisions reached
with staff
i. Irregular and untimely payment of
workers salaries
j Undesirable high rate of labour
turnover
1.3 OBJECTIVES
AND PURPOSE
The objectives of this
project is to identify the existential of small scale – business in industry
technological development of Nigeria and also take into cognizance how small-
scale business play an important role in Nigerian economy also provide employment
to many that are less suitable to employment in Large business concerns but who
have much to contribute to the improvement of the society.
a.
To look closely into the reason behinds
lack of qualified management personal in infant industries.
b.
To investigate into the unreasonable
high rate of unqualified management / employee.
c.
To examine the inability to observes the
concept of n organization.
d.
To assess the causes of inadequacy of
motivation in infant industries.
e.
To inspect closely the persistence
inadequate of delegation of authorizes and powers.
f.
To find out the reason for the
inadequate management and staff meeting.
g.
To investigate into the poor information
systems on infact industries.
h.
To examine the inadequacy of finance.
i.
To diagnose the cause of inconsistence
in management policies and decisions.
j.
To know the inability of management to
implement the decision reached with staff.
k.
To sort out there causes of irregular
and untimely payment of workers salaries.
l.
To evaluate and analyze the causes of
the undesirable le high rate of turnover in infect industries.
1.4 STATEMENT
OF RESEARCH HYPOTHESIS
Hypothesis
is defined as a tentative assumption made in order to draw out and test its
logical and empirical consequences. It could also be define as a confessional
statement, tentative proposition given to explain the facts that are causing
problem.
Some
hypotheses are therefore made as follows:
i.
Small Scale industries kills the talent
of skilled workers
ii.
Small scale industries are not a potent
me and of alleviating rural-urban migration and its invited scourge of
unemployment.
iii.
Small scale industries do not play any
major role in the growth and deployment.
iv.
Small scale industries do not promote
high degree of self reliance for the activities of Lange and small scale industries
necessary for industrialization if well developed.
1.5 SIGNIFICANCE
OF THE STUDY
The
significance of this study is not to bring out existence only the problems
associated with the small-scale business in Nigeria but also to find ways and
means of eradication these problems within the growing economy.
THE STUDY WILL:
a. Enable us to look closely into the
reasons behind lack of
qualified
management.
b. Revel the cause of the unreasonable high
numbers of
unqualified
staff.
c.
Identify the reasons for the
liability to observe the entity concept of such organization
d. Investigate into the inadequate of delegation
of authorities
and powers in infant industries.
e.
Ascertain
the causes of the inadequacy of management and
staff
meetings of form.
f.
Investigate
into the poor infant Indus tries
g.
Find
out the reason for management inconsistencies in their policies and decision
h.
Make know the reason why management of
infant industries is
always unable
to implement the decision reached with their staffs
i.
Diagnose
into the irregular and untimely payment of worker’s salaries
j.
Help
to look into the causes of undesirable high rate of labour turnover
k. Serve as literature to be reviewed by other
people who might want to carry out a
similar research work.
1.6 SCOPE OF THE STUDY
This
study is intended to analyze the problem associated with the role of small –
scale business in Nigeria
and those existing in almost all the third world or developing countries of the
world.
However,
emphasis is laid on the following areas like:
a.
Meaning of management
b.
Management by objectives
c.
Basic functions of management
d.
Definition of small-scale business firm
e.
The setting up of small-scale business
firm
f.
The souse of revenue of small-scale
business
g.
The importance functions and
characteristics of small-scale of the
business
h.
Way small-scale firm still find it
difficult to exist
i.
Solution to the problem facing
small-scale business in Nigeria.
The
study may touch some of management of large-scale the purpose of effective evaluation and
analysis during the investigation.
1.7 LIMITATIONS OF THE STUDY
This
study will not touch all the aspect to business management due to the following
constraints, technically know as limitations:
a. FINANCE: The economic
situation in the country has an adverse effect on the financial aspect of the
research work.
The
cost of investigations, materials and trying is so high that will limit the
incorporation of all necessary areas of business management for the purpose of
this project work.
b. TIME: It could have been a
little better to carry out an investigation though observation of some
management activities in the profit and growth of the infant industries but
this involve lots of time which is not available.
c. MATERIALS: To come out a come
more satisfactory research work, materials more than available are needed
1. 8 DEFINITION
OF BASIC TERMS
Small
scale business is a business that operate with a capital, but the capital in
which some we used to start operate the business can not loss than N400,000
and in any circumstance if the capital is more than this but less than N250,000 it referred to as a medium scale
business. Any capital above N2.5million
may be called a large – scale business
However,
the small-scale industries division of federal ministry of commerce and
industry define small-scale business as establishment with capital investment
totaling N200,000 and employing between
50 to 150 employees.
1.9 HISTORICAL BACKGROUND OF HYSON
This
company is a joint venture between NNPC and Vitol S. A.
Swiss
international aside oil and products trading company. Hyson / calson is
strictly a product marketing outfit, designed to market or excess partaker
products in the west and central Africa countries and beyond, and as a
profitable agencies for Nigeria crude oil sale calson pays for logistic
services provided by Hyson in foreign exchange.
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