The role of small scale industries to any economy is indispensable
recently. His emphasis has been on measures to accelerate their expansion and
growth. To give this effort proper direction, it is identifiable that the key
ingredient in translating this dream into reality is effective
entrepreneurship. The research is able to
reveal the characteristic nature of small scale industries, how small scale
industries are financed and some of them are from personal savings and from
relatives, the causes of failure of small scale industries covered also
the importance and the needed factors to be considered before setting the
industries. In this regard, the study laid much emphasis
on the whole idea of entrepreneurship effectiveness in small scale industries.
The solution and recommendations are subsequently based on the observation and
research findings for effective entrepreneurship on small scale
TABLE OF CONTENTS
1.1Background of the
1.2Statement of the
1.3Purpose of the
1.5Significant of the
1.6Scope of the
1.7Limitation of the Study
2.1 Characteristics of small scale
2.2 The importance of small scale industries
2.3 Causes of Failure in Small Scale Industries
2.4 Factors to be Considered in Sitting small scale
2.5 Method of Financing Small Scale Industries
2.6 Problems of Small Scale Business
2.7 Problems of Staff
RESEARCH DESIGN AND METHODOLOGY
3.1 Research Design
3.2 Area of Study
3.3 Population of the
3.4 Sample and Sampling
3.5 Instruments of Data
3.6 Validity of
3.7 Reliability of Instrument
3.8 Method of Data Collection
3.9 Method of Data Analysis
DATA PRESENTATION AND ANALYSIS
4.1 Presentation and
4.2 Summary of Findings
DISCUSSIONS, RECOMMENDATIONS AND
5.1 Discussion of Findings
5.2 Implications of the Research Findings
5.4 Suggestions for Further Studies
The roles played by small
scale industries in the growth of any economy cannot be over emphasized. This
has been the singular reason why both government groups and individuals in
business always place greater emphasis. on the unique human activity. This also
accounts for its dominating prominence in government policy statement. Much
multinational or even supranational business today stated as small scale
business. This therefore implies that small scale is the beginning of every big
The present day America is
the richest country in the world judging by the economy. The history of
industrialization in this God’s own country has shown the absolute importance
of small scale industries in the economy and scheme of things. careful study
and investigation has released that in America, only 1/10 of 10% of the total
number of firms in the economy employ more than 2,500 workers. It is also
further show that 89% of the total firms in the economy employ less than 100
employees, and 65% having less than 20 employees in their payroll.
As a standard of judgment
using number of employees, this has a least proved that in spite of here
economic glory, America is not land of giant corporations. Many countries of
today like, South Korea, Taiwan, Honkong and Singapore are making enormous
successes in the world export industrial market as a result of emphasis on
small scale industries.
As a way out, the efforts of
every segment of Nigerian government for small scale industries enhancement
cannot therefore be surprising thus, our part administrators, national planners
and development project imitators cannot excuse their lack of careful planning
in this regard, therefore, following the result of these falterers in our
national development economy and planning strategy, the continue
ineffectiveness of our small scale industries have promote the reason for this
work. The research work therefore is an attempt to looking into a key and
embodying factor in small scale industrial effectiveness.
effectiveness in small scale industries the scope of the project would be
limited to a case study of Macon’s Bakery industry in Enugu state capital. The
general opinion reveled that in spite of its key roles and functions in the
success of any ventures or business adequate entrepreneurial impact has neither
been felt nor matched the search for small-scale industries enhancement and
Investors have not shown
commendable interest to accept entrepreneurial role, and this has led to a low
venturing rate in spite of all this, there are still multifarious prospective
areas in the manufacturing, merchandising and service sectors of the economy
that exist, this was actualized through the various efforts made by the
government, private individuals, industrial and financial institutions and
others commercial agencies towards including small scale enterprise. For
effectiveness, there is need to make adequate appraisal of entrepreneurial role
towards funding of the enterprises to actual managing. These measures will
ensure that the entrepreneurs achieve the reward profits.
As we said earlier, small is
the beginning of large scale, the effort on small scale enterprises were
stepping-stones to large-scale corporation.
Prosperous individual like
Ekenedirichukwu, Ifesinachi, Dantal, Hamza Adebowale, Samusie and a host of
others started as a small scale business. It is a waste of time for one to keep
waiting for large capital to accumulate before establishment thus the statement
“from grass to
Taking the manpower and
development needs of this country into consideration, any capital savings must
be reinvested for further capital formation in the best way for multiplier
effect on the economy towards. Small-scale enterprises promotion. In effect,
our dreams will come true and fruitful if the necessary linkage between
small-scale enterprise and small- scale entrepreneurship is created.
1.1 BACKGROUND OF THE STUDY
The idea has been that the
glory of any economy, whether industrialized or underdeveloped depend very much
on how well organized and managed the small scale industries are given. This
fact, most of the developed countries of the world are champions of small-scale
In the real sense, the
central objectives of the small-scale enterprise are to make profits for the
owner or manager/entrepreneur for expansion purpose. As a result, there should
be equilibrium between the goals of the managers and those of the worker to
achieve desired psychological, economy and entrepreneurial effectiveness.
Therefore, profit is a reward for an effective entrepreneurship. It is a
foundation to small- scale industrial development, which is consequently
and acid text for entrepreneurship effectiveness.
Therefore, government being
very keen, has to establish the peace of industrial funding and management to
attain the much needed entrepreneur effectiveness. Other programmes aimed
at promoting entrepreneurial development and enterprises in small- scale should
be considered by the government.
effectiveness is a primary function of ventural personal evaluation to
determine entrepreneurial qualities, taking decision creativeness ingenuity,
innovative mind and skill minimizes the risk and optimizes reward.
It is there based on the above establishment facts of entrepreneurial and small
business circumstances that the project writers intend to build some of the
assumption underlying the project topic.
The Historical Background of Down Function
Group of Company Nigeria Limited
Down function which was sited
at 8 Nza street Independence layout Enugu established in 1970 for the purpose
of public relation services. This involves such things as advertising and
promotional services, that is they help firms and organizations. They were into
consultation with people who could represent what they actually want to portray
as per calendar advertisement and business advice and services. Through the
years it becomes important and necessary that they should engage into
management consultancy, which deals with fundamentals management concerns as
business policy and management of organizations. The reasons for diversion is
to enable graduates of management who needs some years of practical training
and managerial leadership to properly mature and graduates into management
consulting profession. When it became known of their
consulting services that is towards management upliftment, they now started
practicing as management consultants tendering independent advice and existence
to their clients. But them, there was no code of conduct bye-lack to regulate
the moral and ethical standard of individual consultants.
In view of this, the firm
continued on consultancy services till date at list to make sure that
management in their management problems could reach out for their services.
once they play the role of improving the quality and enhancing the duty of the
management consulting, research and training and also for the performance of
this duty providing management advices and consultancy services to organization
both large, medium and small as well as achieve their
1.2 STATEMENT OF THE PROBLEM
all efforts made by individuals, groups and government to ensuring greater
effectiveness in the operation, funding and management of small scale business,
the overall successes recorded by some of these small scale business operators
are still nothing to write home about on the average, only very few usually see
the light of the day soon after coming on streams.
This proper performance has
been attributed to a lot of problems encountered by small-scale business such
as problems include:
1.Inadequate funding: this refers to the degree of
sponsorship, funding and support which the prospective or financially buoyant
businessmen renders to willing young graduates who which to go on their own if
adequate fund is rendered to an individual who is willing The venture rate on
small scale industries will be determined.
2.Inadequate managerial ability: this involves
lack of management planning i.e improper planning carried out by the
entrepreneurs. This examines all the major causes of success and failures of
most small-scale entrepreneurs. It also determines the level of educational and
business awareness of prospective entrepreneurs and also the degree of
feasibility studies carried out.
3.Liquidation is a stated problem: it is true that
the establishment is easy to operate, so it is easy to go out of operation
small scale business is often operated with limited capital that is why in most
of our various industries liquidation is certain to occur.
4.The inappropriate technology: the technical know
how applied by small-scale business operators is antiquated. There is no
adequate control technique. like in accounting, organizational performance
review and functional feed-back mechanisms they the focus of this write up
therefore is to asses the degree of sponsorship or availability of funds for
small business units and to ascertain the pilot role of government and its
numerous agencies towards development of small scale business. And to evolve
and recommend measures aimed at ensuring effective entrepreneurship in
1.3 PURPOSE OF THE Study
1. To identify means of acquiring metal capital
for the business.
2. To examine the major factors militating
against small business.
3. To know the sources of government findings
available to the organization.
4. To investigate the financial benefits from
any organization financial institutions.
1.4 RESEARCH QUESTIONS
1. How do you help to acquire initial capital?
2. what are the major factors for the incessant
failure of small business.
3. What are the sources of government funding
available to the organization?
4. Have you benefited from any organization or
private financial institution?
1.5 SIGNIFICANT OF THE STUDY
effectiveness in small-scale industries is not merely a matter of enterprises
underlying interest is to improve industries performances and the role of
small-scale industries. It cannot be argued that the significance of this study
is for academic requirements, But must be borne in mind that learning
institution are established to produce capable entrepreneurs for the efficiency
of small scale industries.
At the end of this work a
significant effort will be highlight the ideal circumstance for entrepreneurial
effectiveness. The organizational risk bearest as well as risqué management
would be opportune to avoid themselves of such the prospective enterprises
could make themselves available with materials that could broaden enlightens on
entrepreneurial risk path.
Truly the awareness this work
is bond to create would no doubt stimulate self employment among our young and
potential graduates, induce small scale entrepreneurial growth as well as
promote the productive capacity of our economy.
Therefore, this study the
economic and business of our people, it is significantly an enlightenment
into a small business and potentials of entrepreneurial personality for
1.6 SCOPE OF THE STUDY
While writing the project efforts are being make to ensure that
all necessary material will be used for successful research task.
Again struck care will be
taken, based on the limited information and available data to this discourse
entrepreneurship effectiveness in small scale industries a case study of
Macon’s Bakery Industry Enugu.
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