This study was designed to give an insight in the effect of poor management in private owned establishment.
In attempt to focus the study there are formulated research questions.
1. Cause of poor management
2. How effect of poor management affected power life limited.
3. How effects poor management can be prevented
A questionnaires constructed and issued to 16 staff used as sample from power lux limited. The result of the study indicated that the effects of poor management is very disastrous to the private sector as well as the economy. following this findings some implications were highlighted upon which recommendations were made on how to reduce the effects of poor management in private sectors and the of study.
TABLE OF CONTENT
Table of content
1.1 General background to the subject matter
1.2 Problems associated with the subject matter
1.3 Problems that the study will be concerned with
1.4 The important of studying the area
1.5 Definition of important of studying the area
1.6 Definition of important terms
2.1 The origin of the subject area
2.2 School of the though within the subject area
2.3 The school of though relevant to the problems of study
2.4 Different methods of studying the problem
3.1 Data presentation (highlight of the study)
3.2 Analysis of data
All over the world management is know to be the very aspect that has contributed immensely in the development of any country’s economy.
It is also refer to coordination of the resources of an organization through the co-operative efforts of others in order to achieve a given target or objective but when any establishment or economy is enable to co-ordinate its resource and the activities of others. Through the process of planning organization directing and controlling in other to achieve a set objectives then poor management is in place.
Poor management could also result from inadequate managerial ability. It could be the inability of the management to utilize the scarce resources under their control as well as the inability to apply the required manpower for executing a particular task.
An establishment or organization could experience poor management when all the require equipment unable to manage the scarce resources effectively this is the possibility of ineffective management. Poor management goes with a lot of uncountable effects which are disastrous and spread like a wild fire. No establishment or economy will like to experience the effect of poor management but nobody can change it especially which poor management has been nursed in an establishment.
In a situation like this no individual will like to associate with such establishment there by scaring people away and the work as of such establishment to not stand the chance of being exposed in any from.
The contribution of land capital and labour are not effectively utilized the inability to communicate effectively with the outside world and not being able to compete favourable with other establishments which leads to the lost of people/ public interest.
Furthermore the services rendered are very poor not to talk about the substandard quality of their products resulting from their absence of training and not applying the modern techniques of management and production the establishment will only be coming across losses and no profit will be made. The is a state and no individual will be encouraged to do business with such establishment because the quality of their service is below what is expected and the economy of the country is affected badly.
The inability of the management to remunerate its workers and pay its debt can as well lead to the end of the existences of the establishment