TABLE OF CONTENTS
TITLE PAGE
CERTIFICATION
DEDICATION
ACKNOWLEDGEMENT
TABLE OF CONTENTS
CHAPTER
ONE
1.0 Introduction
1.1 Statement
of the problem
1.2 Aims
and objectives of the study
1.3 Scope
of the study
1.4 Limitation
of the study
1.5 Definition
of terms
1.6 Plan
of the study
CHAPTER
TWO
2.0 Literature
Review
2.1 Definition
of Small - Scale Business
2.2 Characteristics
of Small - scale Business
2.3 Roles
of small - Scale Business
2.4 Problems
of Small - Scale Business
2.5 Government
Contribution Towards the Development
of Small–Scale Business
2.6 Prospects
for the Development of Small-Scale Industry in Nigeria
CHAPTER
THREE
RESEARCH METHODOLOGY
3.0 Research
Methodology
3.1 Research
Design
3.2 Sampling
Procedure
3.3 Mode
of Data Collection
3.4 Method
of Data Analysis
3.5 Sources
of Data
CHAPTER FOUR
HISTORICAL BACKGROUND AND ANALYSIS
4.0 Historical
Background of Ola-Olu Venture Taiwo, Ilorin
4.1 Analysis
and Interpretation of Data
4.2 Information
about the industry from data collected
4.3 Organizational
structure of Global soap
4.4 Findings
(An overview)
CHAPTER FIVE
SUMMARY, RECOMMENDATIONS AND CONCLUSION
5.0 Summary
5.1 Recommendations
5.2 Conclusion
REFERENCE
APPENDIX
CHAPTER ONE
1.0
INTRODUCTION
A
business, either small or big, simple or complex, private or public is created
to provide employment opportunity and self dependence business in Nigeria has
been classified as small medium and large. However a small scale industry can
be defined by such criteria as to projects cost, capital cost turnover by the
employee etc. the federal and state ministries of industry and commerce have
adopts the criterion of value of installed fixed capital to determine what a
small scale industry is.
In
this respect the value has been varied from #60,000 in 1972, #159,000 in 1975,
#250,000 in 1979, #500,000 in 1986, to fixed investment of not more than
#2,000,000 (two million naira) in 1992. This figure is exclusive of the.
building and subject to government determination and prevailing objectives of public
policy.
In the
wake of SFEM, this value have been reviewed and subsequently increased to
#5,000,000(five million naira). If that
is the case, there may be a need to classify the small scale industry into
MICRO and MACRO business with a view of providing adequate incentives and
protection for the former.
In the
main time, any business or enterprises below the upper limit of #250,000 and
whose annual turnover exceeds that of cottage industry currently put at #5,000
per annum is a small scale industry. The National Directorate of Employment
INDE] concepts of a small scale industry has fixed to a maximum of #35.000.
In
addition the state has defined a small scale business as one that has basic
capital value of less than #500.00- as at September 2010.
Small
scale industry orientation is part and parcel of Nigeria industry orientation
is part and parcel of Nigeria. Evidence abounds in over respective communities
of what successes our great grandparents made of their respective trading
concerning yam — burn, iron smelting, farming, cottage industries and the
likes. So that secret behind their success of self reliant strategy does not
like in any particular political philosophy, so much as in the people’s
attitude to enterprises and in the right to which the right incentive is
adequate enough to make risk worth taking are provided.
Back
home in Nigeria, the respective government policies accorded and gave priority
to the country’s small scale enterprises. This has been in recognition that
they constitute the fountain head of vitality for the variational
economy and consequently their problems
have been viewed as those of the nation, by virtue of their number, diversity,
penetration in all sectors of production and marketing contribution to
employment and to the prosperity of the particular areas in which they operate.
In
concrete terms, small scale industries constitute a greater percentage of all
registered companies in Nigeria, and they have been in existence for a quite
long time. Majority of the small scale industries developed from cottage
industries to small enterprises and from small scale to medium and large scale
enterprises.
To
understand the problems, we have to look at the mutual relationship of all the
parts in the industry. The functional problems are buying of raw materials,
processing of finished goods, financial inequalities and secures rendered to
the local community by the industries. To understand this, we have to
understand the validity of functionalism theory; finally, the study seeks to
know lf the element of industries structures are functioning.
1.1 STATEMENT OF THE PROBLEMS
The
study seeks to answer the following questions regarding the problems of small-
scale businesses on the Nigerian economy.
(1) Personnel:
Who are the individuals working in global soaps and detergent industries
limited, Ilorin. What are the problems encountered in recruiting the employee?
What are the problems encountered in the fracturing of the workers? What are
the problems faced in rewarding worker?
(2) Organization:
How is the industry organized to perform it’s functions? What are the problems
encountered in buying and allocating raw materials and processing of raw
materials.
(3) Finance:
How does the industry source of find? What are the method used for financial
record? What are the forms of working relationship between the employees
themselves? What forms of working relationship between the employer and the
employee?
(4) What
are the services rendered to the local community by the industry? What are the
reactions of the people in the local community? What is the benefit of the
product to the people in the local community or in the society.
1.2 AIMS AND OBJECTIVES OF THE STUDY
The
fundamental aim of this project is to identify and proper solutions to the
problems of small- scale business on the Nigeria economy, how they are
organized and how they function.
Like
any other organization, small- scale industries are faced with many problems
such as capital racing, numbers of employees to be employed. Much has been
written on it, as well as various ideas expressed by scholars of different
ideological orientations. Different scholars industries depending on their case
study and time.
Since
changes in technological level and policy of Nigeria is affecting the small-
scale businesses, the study sees to the characteristics of small scale
industries which can help improve our definition.
The
basic objectives of the research work is as follow:
A. To
look into the operations of small- scale enterprises and identity those areas
which poses threat to investors
B. To
examine the causes of their problems encountered by the small- scale
industries.
C. To
determine the extent to which the problems have eaten deep into the fabrics of
business in general.
D. To
suggest ways by which those problems could be alleviated or eliminated.
1.3
SCOPE OF THE STUDY
The
researcher will focus attention on the production and servicing in global soaps
and detergent.
The
study will cover the mode of operation of each economy know their problems and
prospects in their respective place of work.
In the
light of this generalization will be restricted to some extent due to variants
in the level of operation of smallsca1e economy.
1.4
LIMITATIONS OF THE STUDY
This
study could not touch all problems affecting the small scale enterprises because
some industries are so small to the extend that they do not have most of the
various department or sections into which research could be made. Such as
marketing department, accountancy, purchasing department etc.
There
is problem of getting the required information as most economic or businesses
make such thing confidential.
In
terms of appointment to the industry, the time might not be favorable for the
researcher to see more information about the industry because the manager of
that company or industry may not want to leak out their secret out to the
people in the society.
1.5
DEFINITION OF TERMS
For
the purpose of clarity and understanding of the study, the researcher well
Endeavour to defined some key terms and concepts. Such terms are defined below.
MANAGEMENT: It can be simply defined as the
process of planning, organizing, leading, and controlling the effort of
organizing members and using all other organizational resources to achieve
stated goals and objectives.
BANK: It can be defined as a financial
institution where money and other valuable document are kept for safe custody
until they are needed.
ENTERPRISES: It can be regarded as an organization
endeavour by persons, individual or organization producing goods and services
with a view of making profits.
SMALL-SCALE: Is one that can easily adapt to
changing situation same characterized by small capital requirement. And it can
be said to be one that requires a small amount to establish it, this kind of
businesses usually have a small number of employees or in most cases personally
handled by the owner, and are referred to as micro businesses (this is a term
used by internationals organizations such as the world bank and the
international finance corporations.)
HAWKING: Hawking is the cheapest and most
popular means of trading goods in Nigeria.
CAPITAL: Can be defined as wealth especially
when used to produce more wealth especially fixed capital and circulating
capital as a business.
PROFIT: Is the difference between the price
at which a community is sold and the cost of the labour and raw materials used
in its production.
ENTERPRENEUR: is the person (or group) ultimately
responsible for production policy decision and bearing the uncertainty inherent
the process of producing in advance of demand.
1.6
PLAN OF THE STUDY
This
project work has been divided into five main chapters:
The
first chapter of this project work is the introduction chapter and it’s
discussed the problems or investigated the problems of small- scale business on
the Nigerian economy, objective of the study, scope of the study, and the
limitation of the study will be discussed.
Chapter
two, which is the literature review, divides into the definitions of small-
scale business, the roles of small- scale business and government contributions
towards small- scale business development.
Where
as chapter three, explains the research methodology, sampling procedure and
mode of data collection.
More
so, chapter four presents the historical background of Global Soap and
Detergent, analysis and interpretation of data including the organization
structure of Global Soaps and Detergent.
Chapter
five, contains the suggestions and conclusion, as well as the summary,
recommendation and reference
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