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the problem of managing small-scale enterprises in nigeria. (a case study of eberson company nigeria limited)
THE PROBLEM OF MANAGING SMALL-SCALE ENTERPRISES IN NIGERIA. (A CASE STUDY OF EBERSON COMPANY NIGERIA LIMITED)
There is need to precise information on the study of the problem of managing small scale enterprises in Nigeria. In other to arrive at the problems the project is divided into chapters.
in carrying out the study sixty (60) questionnaire was distributed to the staff of Eberson Company Nigeria limited out of the sixty (60) forty (40) was completed and returned and out of the (45) that was return (5) was rejected by the researcher due to errors in filling them.
also, the outcome of this study has made it possible for the researcher to conclude on the problems of managing small scale enterprises and brought possible solutions to the problems.
In recent year, particularly since the adoption of the economic reform programme in Nigeria in 1986, there has been a decisive switch of emphasis from the grandiose, capital intensive, large-scale industrial project based on the philosophy of Impact Substitution to small scale industries with immense potential for developing domestic linkage for rapid, sustainable industrial development. there can be no gain-saying that Nigeria has long recognize the importance and valuable contribution that small scale enterprises can make to poverty alleviation, wealth creation employment generation and private sector development. this small-scale enterprises are given the right and opportunity to exist because it is an open social system where people come in group with the purpose of combining knowledge, techniques, skills and resources to accomplish a goal oriented task by integrating their structural activities.
The development of small –scale industries is not only an effective way of contributing to the economy and increase standard of living, but also one of the principle means of achieving social and political objectives by stemming the problem of rural-urban migration, increasing the income of low income earners, all of which are of crucial importance to our societies.
consequently, both the federal and state government and recently, local government have stepped off to promote the development of small scale enterprises through increase incentives schemes, including enhanced budgeting allocation for technical assistance programme. new leading scheme and credit institution such as the National Economic Reconstruction Fund (NERTUND World Bank Assisted Small Scale War Scheme (SMEX), Nigeria Export and Import Bank (NEXIM), The peoples Bank of Nigeria (PBN) and the Development Bank have also emerged at both the National and local level to boost the flow of development finance to small scale enterprise.
In trying to promote small scale industry there is need to understand that the entrepreneurs are face with the problem of managing the enterprise and the extend of realization of it contribution to the economy depends on how they are cogently identified and tackled.
The problem of managing the small scale enterprises are caused by both external and internal factors. the external factors are government policies, lack of infrastructural facilities, raw materials, banks unwillingness to give out loan etc internal factor are lack of managerial skill, lack of planning, market , finance etc.
TABLE OF CONTENTS
Title page i
Approval page ii
Table of Content vi
1.1. Background of the Study 1
1.2. Statement of Problem 3
1.3. Purpose of the Study 4
1.4. Scope of the Study 5
1.5. Research Questions 6
1.6. Hypothesis 6
1.7. Significant of the Study 7
2.0 Review of Literature 9
2.1 Definition of Small Scale Enterprises 9
2.2 Characteristics of Small Scale Enterprises 14
2.3 Forms of Small Scale Enterprises 15
2.4 The role of small scale
enterprises in Nigeria economy. 19
2.5 Sources of fund for small-scale enterprises 22
2.6 Problems of managing small-scale enterprises 33
3.0 METHODOLOGY 40
3.1 Research Design 40
3.2 Area of study 41
3.3 Population for the Study 41
3.4 Sample and Sampling Procedure 41
3.5 Instrument for data Collection 42
3.6 Validation of Instruments 42
3.7 Reliability of Instruments 42
3.8 Method of Data Collection. 42
3.9 Method of Data Analysis 43
4.0 DATA PRESENTATION AND RESULT 46
5.0 Discussion implication and result 57
5.1 Discussion of finding 57
5.2 Conclusion 59
5.3 Implication of the Result 60
5.4 Recommendation 61
5.5 Suggestions for further research 63
5.6 Limitation 63