THE EFFECT OF ENTREPRENEURSHIP ON THE GROWTH AND DEVELOPMENT OF THE NIGERIAN ECONOMY

 

Abstract

The research study was designed to find out the problems that have been affecting the effect of entrepreneurship on the growth and development of the Nigeria economy. Entrepreneurship had had a stunted growth because of difficulties encountered by entrepreneur getting loan from financial institution. In view of the purpose of study, the simple descriptive survey design was adopted and a total number of 50 respondents from some selected small scale business in Nigeria were randomly selected to get their responses based on the purpose of this study. Findings of the study revealed that entrepreneurship help to provide speed and accuracy to employment and help to fight crime among youth and also create more job opportunities in the economy. It was recommended that government and top management of public institutions should pay more attention to the need and promotion of entrepreneurship in the society and also the study of entrepreneurship should be largely introduced into higher institutions to enable young school leaver to be confident in themselves to avoid crime in the country.

 

CHAPTER ONE

INTRODUCTION

1.1   Background to the Study

Throughout the theoretical history of entrepreneurship schools, from multiple disciplines, in the social sciences have grappled with a diverse set of interpretations and definitions to conceptualize this abstract idea. Over time, some writers have identified entrepreneurship with the function of uncertainty bearing others with the coordination of productive resources, others with the introduction of Innovation, others still with the provision of capital.
British economists such as Adam Smith, David Ricardo and John Stewart will briefly touch on the concept of entrepreneurship through the referred to it under the broad English term of “Business Management.”

The word entrepreneur is derived from the French capitalist defined it as a risk taking Innovative Individual who established and manages a business of the purpose of profit and growth.

The contribution of small and medium scale business to the economy include employment and income generation, thereby enhancing Gross Domestic product in Nigeria, this will also clear the fact that not every new small business is entrepreneurial or represent entrepreneurship.

 

THE EFFECT OF ENTREPRENEURSHIP ON THE GROWTH AND DEVELOPMENT OF THE NIGERIAN ECONOMY

 

1.2   Statement of Problem

The effect and need to find adequate solution as the growth of the economy in Nigeria is a matter that should be put aside by a mere wave of hands this is one to the fact, the entrepreneurship has been discovered to be the effect to the growth of the economy in Nigeria.

THE EFFECT OF ENTREPRENEURSHIP ON THE GROWTH AND DEVELOPMENT OF THE NIGERIAN ECONOMY

THE EFFECT OF STAFF ATTITUDE TO WORK ON PRODUCTIVITY IN AN ORGANIZATION

 

 

ABSTRACT

The study examined the effect of staff attitude to work on productivity in an organization using the Flour Mill Sapele as a Case Study. The purpose of this study is to highlight the fact that the success of any organization depends on the extent to which the workforce is committed to the achievement of the goals could be best achieved if the workforce is been motivated, provided with good working environment, sent on training to mention but a few. For this reason, the focus of this research therefore is on motivation which if well applied could make the workforce develop positive attitude to work and become result oriented. Five research questions were formulated for this study. Unstructured questionnaire was used to collect data from the sample size of eighty (80) workers made up of Sales Department, Production Department, Maintenance Department and Senior Staff. Data on the effect of staff attitude to work on productivity in an organization. From the findings, it was discovered that if workers are not send on training, the workers will not meet up with trend in organization. In view to the fact that motivation is very important to survival of the organization, it was recommended that workers should focus and pay attention to motivation, good working environment and facing workers in training since workers are the live wire of any organization.

 

CHAPTER ONE

INTRODUCTION

Background to the Study

A good analysis at the resources of any organization that will enhance the organization; to move on effectively is the place of the work force which cannot be over emphasized, hence every establishment ought to give it optimum attention and place a high priority over it, as it can lead to the rise of the organization.

According to Iredia (2010), management is the process of planning, coordinating, interpreting and motivating the factors of others toward achieving a specific goal or objective. In other words, management can be seen as the mobilization of both material and human resources toward achieving organizational goal. We can see that no matter how much the organization is rich, in physical cash that cash has to be managed by man to get work done more respectively.

An organization can be viewed from two perspectives, firstly, as an entity, secondly, through process. According to Iredia (2011), organization as an entity is a place where business activities are carried on. An organization can be private or public and it is established to achieve a specific goal and objective. For this reason, rules and regulations are being given by organization to assist in achieving its goal and objectives.

Some staff attitude to work may bring about positive or negative result in any organization (private or public), staff attitude ought to be a very sensitive factor to always watch out for as the organization’s aim toward positive result for productivity. An organization watch comprises of various work groups or system, there ought to be regular attendance of workers to work if the goal of that organization is to be achieved. This is the more reasons why management should guide against workers poor attitude to work on productivity.

 

THE EFFECT OF STAFF ATTITUDE TO WORK ON PRODUCTIVITY IN AN ORGANIZATION

 

Statement of the Problem

Naturally, human beings are not machines that can just be manipulated on and get the best result, there has been this problem of their attitude towards work. In every organization, no matter how large or small it is, it encounter this problem as human being naturally are slow, lazy and reluctant to work but care has not been taken to actually uncover the cause of this crucial and universal problem of getting workers to work willingly and enthusiastically is a problem that needs to be tackled vigorously. Sometimes, workers behave unusual when it is clear to them that they have been cheated on or denied of their rights and privileges

 

THE EFFECT OF STAFF ATTITUDE TO WORK ON PRODUCTIVITY IN AN ORGANIZATION

THE EFFECT OF INTERNAL CONTROL SYSTEM AS AN OBSTACLE TO FRAUD PERPETUATION

 

Abstract

 The research work aimed among others at determining the relationship between internal measures to proper accounting records. A survey research design was adopted for this research study and a sample size was selected using sampling technique as data used were obtained from both primary and secondary sources. Nine,(9) research questions were formulated out of which three hypothesis were formulated using regression co-efficient analysis method at 5% level of significance and the Z table was also used for comparison between calculated value of significance B and table value. The finding from the analysis indicates that internal control measure management performance and is necessary for the growth and effectiveness of the organization.

 

CHAPTER ONE

INTRODUCTION

1.1   Background to the Study

Every organization both profit or non-profit organization has its objectives and goals in mind to achieve. For the non-profit making organization, their goal is to satisfy the social need of the citizens and in the effort to achieve these purposes supervision more often than not play a vital role.The size and scope of these organizations have sometimes made it hard for the executors to exercise personal and first hand supervision of operation. It is in this light that internal control established by management is initiated. For an organization to carryout its business there must be some factors put in place for the smooth running of the organization like materials, machines, money etc.

These need to be well co-ordinated in order for the success of the organization to be achieved. These factors are used by a group of persons known as management. Neither can management exist without organizations both are inseparable. The system of internal control provides assurance to management of the dependability of the accounting data used in the decision making of the organization

It has been discovered that due to lack of internal control several banks have been discovered to have defrauded its customers mostly foreign investors, Having discovered this, banks now take extra precaution before clearing a cheque because of rampant incidence of fraud and forgeries which have placed bank. Loss on average of N1m each working day of the year in Nigeria. Due to this challenges, CBN issued a directive to banks to increase its capital base to N25 billion.

Management use internal control as a tool to check it’s staff due to the fact that managers are not able to monitor the activities of the organization. It therefore adopts the internal control in such a way that the system checks itself and any irregularity within the system is been detected and corrected.

To ensure that the system checks itself, management could use devices such as segregations, supervision of work and acknowledgement of performance. The effective arrangement and implementation of this control system would ensure proper management.

 

THE EFFECT OF INTERNAL CONTROL SYSTEM AS AN OBSTACLE TO FRAUD PERPETUATION

 

1.2   Statement of Problem

We might not really understand the impact of internal control system in an organization until probably we run an organization void of internal control system.

The absence of adequate internal control measures exposes the financial management of an organization to certain threats such as:

–       Incorrect financial statement and /loss of the company’s assets.

–       Stealing and mismanagement of organizational vital documents which may be done by an employee to take undue advantage.

–       Incorrect and unreliable financial records which may lead to loss of organizational integrity.

–       Non implementation of accounting policies in consistent with the applicable legislation appropriate in presentation of financial statement.

 

THE EFFECT OF INTERNAL CONTROL SYSTEM AS AN OBSTACLE TO FRAUD PERPETUATION

THE IMPACT OF MARKETING RESEARCH IN ANY BUSINESS ORGANIZATION

 

Abstract

The impact of marketing research in a business organization cannot be over emphasized. The work is aimed at knowing the performance of a particular organ ization’s product in relation to others. The research attempts a positive appraisal of marketing research in a business organization. From the data presented and analyzed, it can be agreed that marketing research has contributed tremendously to the increase in sales of products especially in Nigeria bottling company which is my case study. Relevant literatures on the subject are reviewed and questionnaires are administered, responses are collected and analyzed and hypotheses are tested. Finally observed findings are stated with recommendations for improvements and the researcher draw a summarized conclusion

 

Chapter One

Introduction

Background of the Study

Marketing is a common practice in business organizations. It seems to accomplish an organization objective by anticipating customer client needs and directing a flow of products and services to satisfy those needs by making the optimum use of available resources. Marketing research is a complex tool but proper understanding of it would move the organization to greater heights.

Competition in getting stiffer, so the rule of thumb and guesswork can no longer be relied upon for marketing decisions. Marketing research helps to make sure that the right goods and services are produced and finds their ways to consumers. Since the industrial revolution with mass productions, the close knowledge of marketing needs have decline considerably. Producers now need to look for market for their products, because it is patient for producers to study their market and to satisfy the needs of their consumers. For an organization to ensure good sales of its products, it should employ good marketing strategies. Marketing research helps in the control of the marketing of good and services.

Marketing research is geared towards the finding out of:

  1. Suitability of company’s market methods
  2. Competitor’s strategy and market penetration
  3. The habits, tastes, preferences and the motives of buyers.

The competence of marketing research can not be over emphasized in an organization. Many businesses have failed and a lot will still fail, if the place marketing research can not be over emphasized in an organization. Many businesses have failed and a lot will still fail, if the place marketing research has not located in their operations. Marketing research has been under value by many organizations. It can help determined market opportunities that are not viable and assess the resources that can be required to develop them.

Marketing research helps to focus on the short or long-term decisions  and the firm must make with respect to the element of market mix (price, product, place distribution and promotion).

Marketing activities can be seen in terms of five different stages:

  1. Simple trade
  2. Product orientation
  3. Sales orientation
  4. Marketing as a business activity
  5. Marketing as an organization – wide activity

Different economy system and different organizations have reached different levels in their development of marketing. It does not make sense to provide goods and services which customers do not want when there are so many things they want or need. Here again, marketing research has a major role to play.

Marketing research is every important to the success of an organization. An organization that can not successfully sell its products go back to the “drawing board”. Marketing research department is also an important department in an organization. The department is, concerned  with securing information, which is directly or indirectly connected with the extension of sales in the organization.

Such information gathered  by the department includes information concerning demand for the products, competitors activities, adequacy of the advertisement, channel of distribution etc in fact, marketing research covers  every aspect of business activity from the ideal stage to the eventual customers satisfaction.

THE IMPACT OF MARKETING RESEARCH IN ANY BUSINESS ORGANIZATION

 

Statement of Problem

Since the industrial revolution with mass production, the knowledge of market needs have decline considerably, producers now need to look for market for the sales of their products. It is essential for producers to study the markets and other products to satisfy consumer’s needs.

The needs to consider the following questions in the course of writing research are very relevant. The questions to address include:

  1. Are marketing decisions affected by marketing research?
  2. Does marketing research have any impact on the performance of an organization?
  3. Is there any significant relation between marketing research and organization?

Based on the foregoing, it is imperative, we examine marketing research in an organization due to eth act that it increase the profit of any organization.

 

THE IMPACT OF MARKETING RESEARCH IN ANY BUSINESS ORGANIZATION