IMPROVING THE PERFORMANCE OF SMALL-SCALE ENTERPRISES
IN NNEWI-SOUTH LOCAL GOVERNMENT AREA ANAMBRA STATE
This research work would be carried out to enable us know the important of job performance on a worker, an organization and what benefit we stand to obtain from it.
Also, this work would broaden our knowledge to the incentives or motivational force that can be applied in achieving this.
This study aims at improving the performance of small-scale enterprises in Nnewi-South Local Government Area of Anambra State. The research work has five chapters and it goes like this:-
Chapter one deals with the general introduction and discussion of the topic under research. It went further to state the problem to be studied and why this study was carried out, the scope and limitation of the stud and finally the significant of the study.
Chapter two looks at a number of post related literature examined by other studies as it relates to the problem and the improvement of small-scale industries in Nigeria and Nnewi-South in particular.
Chapter three deals with the design of the study, the method of data collection. It also deals with the way questionnaire were distributed and the treatment of data.
In chapter four, the data got from research survey were presented, analyse and interpreted. Also similar question from questionnaire were also analysed.
Finally, chapter five deals with the summary of findings, conclusion of the research work and also recommendation was made by the researcher.
If small-scale enterprise in Nnewi-South and in Nigeria would put the recommendation into practice and better use, there would be improvement in their business.
TABLE OF CONTENTS
1.1 Background of the study
1.2 Statement of the problem
1.3 Purpose of the study
1.4 Significance of the study
1.5 Research question
1.6 Scope of the study
2.1 The origin of the study
2.2 Definition of small-scale enterprise
2.3 Nature of the business
2.4 Causes of business failure among small-scale enterprise
2.5 Government frequent policies and lack of tangible support
2.6 Strategies for improving small-scale enterprise effectiveness
3.1 Design of the study
3.2 Population of the study
3.3 Sample of the study
3.4 Instrument for data collection
3.5 Methods of data collection
4.1 Data presentation
4.2 Data analysis
5.1 Summary of findings
1.1 BACKGROUND TO THE STUDY
To improve the performances of small and medium scale enterprise, one supposes to consider the effective and efficient management of such firm to maximize profit and also for the enterprise to grow.
Before this research goes on, the researcher will try and define what small scale enterprise is all about, “small-scale enterprise is a manufacturing, processing, and servicing industry with a capital base of N150000 which include working capital but exclude cost of hand and it have a labour size of 11-100 workers. Small-scale enterprise includes the following: retailing, whole selling, research and development, servicing, consulting, and manufacturing.
Many small-scale enterprises in Nnewi South Local Government Area lacks basic managerial skills and talented men as managers. Many entrepreneurs who manager the small scale enterprise in the area lacks these skills necessary for the planning and organizing their human and material resources. It is a well known fact that most multinational corporations as food and general motors and many of today’s Nigeria giant & enterprises like Ekene Dili Chukwu Nig. Ltd, G.U.O group of companies, Dangote group all started as small business outfits. Therefore, something must be done to encourage this form of business (small scale enterprise) realizing that they have a high mortality.
1.2 STATEMENT OF PROBLEM
The gains of small-scale enterprise cannot be over emphasized because of their contribution to the national economy. The worsening economic situation of the nation from 1980’s to date encouraged people to set up small business. In view of this, small-scale businesses have many advantage, according to Agbo (2000 p. 173), the advantages are as follows;
i. It is easy to set up,
ii. Simple administration,
iii. Provision of employment,
iv. The owners of small-scale enterprise are also the managers,
v. It provide better service to local market some disadvantages are
vi. Inadequate management ability
vii. Inadequate financing
viii. A poor competitive position
These disadvantages of small-scale enterprise prompted the federal government to establish the Structural Adjustment Programme (SAP) to encourage more investors to set up business, awareness was created to that effect and credits were also given. So because of the advantage of small-scale enterprise, it is very important to improve the performance of these enterprises.
This work is therefore aimed at providing answers to the following questions:
(1) What are the types of small business firms in Nnewi South Local Government Area Anambra State?
(2) Why do some fail, while others succeed?
(3) Why do some firms perform most effectively than others?
1.3 PURPOSE OF THE STUDY
This may likely not be the first of this type in Nnewi South Local Government Area, aiming at sensitizing and mobilizing people to set up small-scale enterprise in the local government. The work will help to let the inhabitants in the area know the sectors of small-scale business and the available opportunity therein and to make available the causes of failure in these firms and especially the strategies for improving the performance of small-scale enterprise in Nnewi South LGA in particular as most of the populace mainly engaged in white collar jobs (civil services).
1.4 SIGNIFICANCE OF THE STUDY
This project work will be useful to both students and business people. To the students, it will reveal the necessary produced involved in the work of this nature. It would also serve as a pamphlet, which helps them to see the problems of small-scale enterprise and the strategies for solving those problems. This work will on the other hand help most businessmen and women to know or be aware of the problems hampering their success and also source possible ways to correct these mistakes. It will also help any one who is interested and willing to start any small business that is viable in this area.
1.5 RESEARCH QUESTIONS
- Is shortage of raw material a cause of low performance of small-scale enterprise.
- Do the workers level of education constitute a problem of low performance to small-scale business.
- Is finance a cause of low performance of small-scale enterprise.
- Does smallness of the market constitute a reason for the low performance of small-scale enterprise?
- Is lack of marketing knowledge technique a cause of low performance in small-scale business?
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