ABSTRACT
Traditionally, business
has been considered as an economic institution, which has developed a common
unique measurement of efficiency-profit. It is therefore plausible to assume
profit maximization as a mutual business objective. This objectives was
rejected because it was unrealistic difficult, in appropriate and immoral. To
wealth maximization, the decision-making authority lies in the hands of
management usually, management is concentrated in the hand of a few, who
decisions are carried out by vast number of employees. This idea of delegating,
authorizing and subletting in decision making process calls for control to
ensure effective implemented of its policies by use at most times
they are far from the sceus of operation. Therefore, there has to be
mechanism by which the operational and financial policies are
implemented with out management having to personally supervise every activity
and transaction.
In terms of
organization, the work is divided into five chapters, chapter one is an
introductory analysis consisting background of the study, statement of problem,
objectives of the state significance, scope organization, definition of terms
and brief history of the company.
Chapter two reviews the
opinion expressed by authors in diverse but related literature. The feature,
division and relationship between managed control and the organizational
objectives have been treated here. n50 covered all areas that managerial
control can help as an effective guide to organizational objectives and the
concerned with the research design and methodology. Here the sources of primary
data and secondary data. Interview question and method of investigation had
been put down
Also the sample used and
method of analysis of data has been dealt with,
Chapter four, based on
findings from theoretical review of some assumptions shall be made in form of
hypothesis. When data considered enough from this work was gathered these
hypothesis 9two of them) were tested and validated, using relevant statistics.
Finally, chapter five
takes a look at the findings, conclusion based on the finding and
recommendations.
TABLE OF CONTENTS
CHAPTER ONE
1.0
introduction
1.1 Background
of the study
1.2 Statement
of problem
1.3 Objectives
of the study
1.4 Significant
of the study
1.5 Scope
of the study
1.6 Definition
of terms
1.7 Brief
history of the company
CHAPTER TWO
2.0 Review
of Related Literature
2.1 Definition
of Management Control
2.2 PIRO
and Management
2.3 Guideline
for managerial success
2.4 Principles
of management
2.1 Applying
principle of management
2.2 Plan
of organization
2.3 Areas
that managerial control can help
2.4 Organizational
objectives
2.5 Limitation
of management control
CHAPTER
THREE
3.0 Research
design and methodology
3.1 Sources
of data
3.2 Sources
of primary data
3.3 Sources
of secondary data
CHAPTER FOUR
4.1 Data
analysis
4.2 Summary
of results
CHAPTER FIVE
5.1 Findings
5.2 Conclusion
5.3 Recommendations
CHAPTER ONE
1.1 BACKGROUND
OF THE STUDY
The concept of
managerial control has developed gradually over the years. Impetus for such
development came from both management and organization. Organization has
recognized managerial control as a valuable tool in effectively carrying
out its responsibility and management have pressed for improvement in
managerial control in the in effort to be of assistance to their Claire as well
as to permit reductions in organization work made possible by the
commitment increase in the credibility of the accounting records.
Management is most
important because it deals with establishing and achieving objectives.
Management means is not only for identifying, analyzing and deciding goals to
be accomplished, but also for assembling effectively the talents of people and
utilizing material resources in management is found in almost every human
activity. Management exists to some in factory, office, school, bank store,
labour using church, armed forces, hospital or income. In factory, university of
management among enterprises. The hurdlers be overcome in outing the work to be
done. For the practical and operating viewpoint, a manager is expected to spell
out objectives, giving adequate regard for the various constraint which the
goals must be achieved.
To achieve an objective,
there is inevitably the bringing together of available basic resources
including men and women, materials, machine, methods,. Money and markets.
Refereed to by some as the six ms of management, these resources are brought
together and related harmoniously so that the sought end result may be
accomplished, all within the predetermined constraints of time effect and cost.
Management bears the responsibility to establish and maintain a system of
organizational control. It is therefore the responsibility of management to
decide on the extent of the control system. The nature and extent of controls
vary between an enterprise also from one part of an enterprise to another. The
control used will depend on the nature, size and volume of the transactions,
the degree of control which members of management are able to exercise
personally, the geographical distribution of the enterprise and many the
factors. The choice of controls may reflect a comparison of cost of operating
individual control against the benefits expected to be derived from
them.
1.2
STATEMENT OF PROBLEM
The complexity of modern
business technique has led increased attention being paid to the methods of
organizational controls. But there has been continued cry as a result of loss
of funds by organizations due to embezzlement, fraud, collusion etc. the
resources of government ministries, parastalals and corporations shave
continue to dwindle due to these views.
Corporations have a lot
of financial responsibilities and cannot afford to continue losing some of her
resources when there are measures to cub there loses. It is against this
background that researchers has carried out this study so as to equate the
operation of managerial controls in Emenite company with the established
standards. In as much as this research work limits itself to some pertinent
areas of managerial controls in Emenite Company with the established standards.
In as much as this research work limits itself to some pertinent areas of managerial
controls which invariably make it an exhaustive research on topic further could
be carried out it.
1.3 OBJECTIVE
OF THE STUDY
To find out the
management control in Emenite Nigeria limited.
To find out how the
management control helps in effectiveness of daily activities in Emenite
Nigeria Limited.
To know the cordial
relationship between the workers and the management
Identify the effective
and efficient utilization of all resources both human and material resources.
To look at the contributions
of appointment to the executives position in the company and seek remedies
where appropriate.
1.4 RESEARCHE
QUESTIONS
Does the company Emenite
Nigeria limited regard their workers?
Does Emenite execute the
control for the benefit of the organization?
Does the company show
curricula on the welfare of their workers?
Does Emenite
Nigeria limited a to the land owner where it is situated
Does the company improve
by the controls of the management?
Does the control by the
management really affecting the workers of the company?
If the company achieves
her purpose objectives by their controls does it also affecting people outside
the environment?
1.5 SIGNIFICANCE
OF THE STUDY
Managerial controls are
drawn up virtually by all organizations, but are these actually implemented or
do they prevent fraud, safeguard asset and serve as a guide to management
control? These questions will be answered for the management and staff will serve
as a guide to future researchers in this field. It is also partial equipment
for the award of ND certificate.
1.6 SCOPE OF THE
STUDY
This research
though not an exhaustive one on the topic will limit itself to some pertinent
areas of managerial controls which exist in the Emenite company, especially the
review of the management and procedural operations of the company.
1.7 DEFINITION
OF TERMS
Definition as it relates
to this work is given to the following:
AUTHORIZATION
The initiation of contractual
obligations.
CONTROL
This means the exercise
in the present to achieve a plan previously drawn up for the future
DOCUMENTATION
Refers to all the chart
forms, reports and other business papers that guide and describe the
working of a company’s system of managerial control.
MANAGEMENT
Thew act or science of
working in an organization though being directed by and co-ordination the
activities of people to achieve one’s personnel goals in the context of the
goals of one’s organization.
Management as a process
has to do with the best possible utilization of available resources
within the framework of appropriate legal and standards for the maximum
achievement of goals and objectives.
1.8 BRIEF
HISTORY OF THE COMPANY
The company was
established in 1960 by the former eastern region with the technical
partnership of turners. A Chester limited of Great Britain. The company’s
management structure was changed in 1988 from former technical partners to
eternity group of Belgium under agreement of the four former that made up the
east central states namely, Abia, Enugu, Imo and Anambra state. They become the
subsidiary shareholders while the eternity group became the majority
shareholders.
The Company’s staff is
about two hundred and fifty spread over main department namely, finance,
commercial engineering, production and personnel and administration.
The day to day
administration of the company is vested in the managing director assisted by
five executive managed. The managing director reports the board of director
made up of representatives from termite group and the four different
states earlier on indicated. The main product that Emenite limited offers are
as follows:
1. Standard
corrugated sheets and accessories.
2. Emeceil
ceiling boards
3. Emenite
pressure pipes
4. An
attractive range of plant containers (flower pits) Emenite limited as a members
at the Balgain Emenit group has many years of experienced in the manufacture of
fibre cement building material and pressure pipes.
| Department | Business Administration and Management |
| Project ID Code | BAM0142 |
| Chapters | 3 Chapters |
| No of Pages | 63 pages |
| Reference | YES |
| Format | Microsoft Word |
| Price | ₦4000, $15 |
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| Contact Us On | +2347043069458 |