ABSTRACT
This study
examines Entrepreneurial Management Of Small Scale Business In Nigeria using
A Case Study Of Coca Cola Nigeria Plc Benin City. Professionally, entrepreneur
today has undergone different states of education and developments as these
(entrepreneurs) are seen as the heart of any profitable economy and Nigeria
as a developing nation is not an exception to this known fact. The data
extracted from the questionnaires were analysis using tabular presentation,
percentages and chi-square statistical techniques. Based on this statistical
analysis appropriate results were achieved in regards to the objective stated.
From the analysis we find that most
business owners do not consider the previous experience before going into business and that the major reasons of business failure is lack
of insurance of the business
against unforeseen circumstances such as
theft, burglary and fire accident. We therefore recommended that for there to
be development of the economy, the
government alone should not be left to accomplish these tasks, also
individual should come out in mass and engage in various small scale business
operation.
TABLE
OF CONTENTS
Title Page
Certification --- --- --- --- --- --- --- --- --- i
Dedication --- --- --- --- --- --- --- --- --- ii
Acknowledgements --- --- --- --- --- --- --- --- iii
Table of Contents --- --- --- --- --- --- --- --- iv
Abstract --- --- --- --- --- --- --- --- --- --- vii
CHAPTER ONE: INTROUDCTION
1.1
Background to the Study --- --- --- --- --- --- 1
1.2
Statement of the Problem --- --- --- --- --- --- 2
1.3
Research Questions --- --- --- --- --- --- --- 3
1.4
Objective of the Study --- --- --- --- --- --- --- 3
1.5
Statement of Hypotheses
--- --- --- --- --- --- 4
1.6
Scope of the Study --- --- --- --- --- --- --- 4
1.7
Significance of the Study --- --- --- --- --- --- 5
1.8
Limitation of the Study --- --- --- --- --- --- 6
1.9
Operational Definition of Terms --- --- --- --- --- 7
CHAPTER
TWO: LITERATURE REVIEW
2.1 Entrepreneur and Small-Scale Business--- --- --- --- 9
2.2 Importance of Small Business to Nigeria --- --- --- 12
2.3 Development of Small-Scale Business in Nigeria ---- ---- 25
2.4 The Problem of Receiving Government --- --- --- --- 36
2.5 The Problem of Sourcing for Raw Materials --- --- --- 39
CHAPTER THREE: RESEARCH
METHOD
3.1 Research Design --- --- --- --- --- --- --- 45
3.2 Population of the Study--- --- --- --- --- --- 45
3.3 Sample and Sampling Techniques --- --- --- --- --- 46
3.4 Instrumentation --- --- --- --- --- --- --- --- 46
3.5 Method of Data Collection --- --- --- --- --- --- 47
3.6 Method of Data Analysis --- --- --- --- --- --- 48
CHAPTER FOUR: DATA
PRESENTATION ANALYSIS AND DISCUSSION
4.1 Data Presentation --- --- --- --- --- --- --- 50
4.2 Data Analysis --- --- --- --- --- --- --- --- 58
4.3 Test of Hypotheses --- --- --- --- --- --- --- 58
4.4 Discussion of Findings --- ---- --- --- --- --- 62
CHPATER FIVE: SUMMARY
CONCLUSION AND RECOMMENDATIONS
5.1 Summary --- --- --- --- --- --- --- --- --- 64
5.2 Conclusion --- --- --- --- --- --- --- --- 66
5.3 Recommendations --- --- --- --- --- --- --- 67
References
Appendices
CHAPTER
ONE
INTRODUCTION
1.1 Background to the Study
Nigeria like any other country is faced
with Entrepreneurial management of small scale business, with the recent
economic situation in Nigeria the success of business (especially small- scale Business)
lies to a great extent on the quality of management. The entrepreneurs of small
scale business have been found not performing to expectations because of the
problems faced by them in the management of the affairs of their business.
The financial problem has to do with the
inability of the small-scale business to acquire enough capital to carryout
business and other financial activities. Management scholars have come up with
various definitions that will lead to solving the problems of entrepreneurs in
trying to manage their small-scale business.
According to Frank (2010), young saw
Entrepreneurship “as ability to make new combination, managerial skills,
perception of opportunity risks taking, inventiveness etc”.
Loucks (2008) defines an entrepreneur as
an individual who perceives needs, conceives goods and services to satisfy the
needs, organizes factors of production to create and market the products.
The world banks also defined entrepreneur
as people who perceives profitable opportunities that are willing to take risks
in pursuing them and have the ability to organize a business, universally,
there is no generally acceptable definition of entrepreneur as it is seen to be
different thing to different people
1.2 Statement of the Problems
In other to quicken the pace of economic
development, will be important to increase the standard of living and reduce
the level of unemployment to a minimum. Most government of West Africa has
continued to lay emphasis on the need for establishment of small-scale industry.
Unfortunately, the march towards rapid industrialization has been quite
difficult, due to a number of factors. It is a fact of economic life that even
nations depends largely on how the economy respond to its national aspiration,
however, small and medium scale enterprises in Benin are far performing below
expectations. This can be attributed to a lot of factors hindering the
improvement of small and medium scale in Delta metropolises.
1.3 Research Questions
The following research questions shall be provided
answers to:
1
Is lack of skill and experience militating
against any future the small scale industry may have?
2
Does small business organization lack
access to adequate credit facilities?
3
Does staff strength affects small business
management?
4
Does demand for collateral security has a
negative effect on small scale business management?
1.4 Objectives of the Study
The main purpose of the study is to
ascertain to entrepreneurial management of small-scale business in Nigeria.
The
specific objectives are:
1
To examine if lack of skill and experience
militate against any future the small
scale industry may have.
2
To investigate if small Business
Organization lack access to adequate credit facilities.
3
To determine if staff strength affects
small business management
4
To find out if demand for collateral
security has a negative effect on small-scale business management.
1.5 Statement of Hypotheses
The
following hypotheses shall be tested:
(1)
That lack of skill and experience did not
militate against any future the small scale industry may have.
(2)
That small business
organization did not lack access to adequate credit facilities.
(3)
That staff strength do not affects small
scale business management.
(4)
That demand for collateral security has no
negative effect on small scale business management.
1.6
Scope of the Study
Project will be limited to entrepreneurs
management functions, its roles and some likely problems that might be
encountered in the running of small –scale business in Asaba Delta State and
ways of finding a lasting solution to it. To this end a critical analysis will
be made on the roles of the entrepreneur in small-scale business management and
also the importance of small business in Delta State.
Finally, some problem facing entrepreneurs
regarding the small-scale business are also within the scope of this project.
1.7
Significance
of the Study
Entrepreneurs of small-scale business set up their
organization with
the
aim of achieving their stated goals,
which include effective and efficient management of human and material and with
the aim of making profit, which answers
that the business is a going concern however, the increasing rate of small
scale business failure in the country calls for a detail study of what would be
the causes of failure and their possible solutions. The relevance of this study
is therefore firstly to afford readers a cleaner under standing of the
importance of small-scale business management and its contribution to economic
growth and development in Nigeria of knowledge of students.
Also to identify the problems of
entrepreneurs in the management of
small-scale business in Nigeria and provide possible solution to this
problems .in addition, this project will serve as a reinforcement of knowledge to students and
entrepreneurs.
1.8
Limitations
Of The Study
There is hardly any research conducted
without the researcher experiencing some constraint. As regard this research
work on entrepreneurial management or small scale business management in Benin
City, the limitations are as follows:
The first of the factors are financial
problem, which has great impact on this work. The project would have been
detailed than this, but because of the finance involved in typing, getting more
necessary materials, and the transport cost of getting more materials and
information for this work etc.
Another problem that limited the study
of this project is the time involved.
The time involved though long, is still not sufficient to carry out a more
detailed research work.
The problem faced by the researcher in
meeting the right persons that will understand him to assist in getting the
information needed in gathering data.
Finally, the materials available for this
project work is also a problem because there are no sufficient textbook for
consultation of this up.
1.9 Operational Definition of Terms
This is act of learning the skills needed
to assume the risk of establishing a business. In other words, is about
developing the wining strategies and executing them with all it vigor,
persistence and passion needed to win any competition.
Craftsman
entrepreneur: This is an entrepreneur that is a
technical nature and this is an entrepreneur who has received well rounded
education involving both technical and non technical education.
Opportunistic
entrepreneur: Business is defined as all the commercial
and industrial activities that provides goods and services to maintain and
improve our quality of life.
Management:
Management
is process or the art of combining organizational resources and working with people
in order to achieve organizational set goals. The essence of management is
effective and efficient goal achievement.
Small
–scale: Small-scale industry or small-scale business that
include modern enterprise employing up to fifty full time, workers, family
business engage three or four workers. Besides small-scale business that
include non-manufacturing business such a maintenance and repair services,
trade and transport in which the operation and administrative management rests
in the hands of one or two people who make decision.
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