Skip to main content

IMPACT OF SMALL SCALE FIRMS ON INDUSTRIAL DEVELOPMENT OF ENUGU STATE


ATTENTION:
BEFORE YOU READ THE CHAPTER ONE OF THE PROJECT TOPIC BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU!

INFORMATION:       
YOU CAN GET THE COMPLETE PROJECT OF THE TOPIC BELOW. THE FULL PROJECT COSTS N5,000 ONLY. THE FULL INFORMATION ON HOW TO PAY AND GET THE COMPLETE PROJECT IS AT THE BOTTOM OF THIS PAGE. OR YOU CAN CALL: 08068231953, 08168759420



IMPACT OF SMALL SCALE FIRMS ON INDUSTRIAL DEVELOPMENT OF ENUGU STATE

ABSTRACT

From the title of this work, it will be seen that the work is geared towards finding out the impact of small scale firms on industrial development of Enugu Urban. The aim of the this study is to examine and identify in detail the problems, prospects effect and the importance of the development of small scale firms towards industrial development of Enugu Urban. This work has five chapters, with each chapter focusing in a specific objective. Chapter one tells us the history of small scale firms, chapter two examine other people’s work on small scale firms under these subheadings characteristics of small scale firms, availability of resource, the impacts or importance, financing the small scale firms, Government and its agencies, and so on. Chapter three examines the type of research design and methodology used by
the researcher. Chapter four, the researcher used two techniques of data analysis the percentages and chi-square at 0.05 level of significance. Chapter five summarizes the findings, making some conclusion and some recommendation as to how the problems of the small scale firms will be solved.

CHAPTER ONE

1.1 BACKGROUND OF THE STUDY

Development of firms has been a matter of great concern and priority to many nations of the world. It could be understood from economic history that many advanced countries of the world which has attained the height of industrialization started as a more small and medium scale enterprises which
later metamorphosed into giant cooperation. In the past, industrial development process were slow and painful and the advancement in technology in developed countries resulted from the survival of the cottage firms which were nurtured, pampered and breastfed to grow up as big industrial corporations today.

Since the early, 1990’s a number of initiatives have come to dominate the economic growth agenda of many donors and public agencies. These initiatives arose as a response to, or an interpretation of, the increasing effects of market globalization on the economies of developing countries. Analyses that only looked at domestic markets were no longer adequate to understanding the dynamics that affected the incomes and livelihoods of poor households almost anywhere in the world. With the increase in globalization, resource-driven comparative advent-age diminished in importance, while competitive advantage, created by private and public stakeholders, rises. And with its rise, the importance of theories that could help us understand and  manipulate the dynamics affecting economic growth including competitiveness, value chain analysis, and economic cluster theory.

As a result of increased globalization and a shift in jobs from developed to developing economies ethical issues emerged. These were largely in response to labour and environmental concerns.
Since then, competitiveness initiatives, value chain analysis, and cluster development approach have proved to be quite effective at increasing micro, small and medium enterprises productivity and competitiveness into global markets, as well as national and local markets.

Developing countries as a whole have now realized that they lag much behind than the developed nations of the world, not only in industrial base but also in national standard of living. As a result, these countries now seem to have hastened up the pace of their industrial development process in other to increase their living standard and thus reduce the present rate of unemployment, (Klatt 1973).
Nigerian’s desire to concentrate on developing the small and medium scale enterprises (SME) have always been buttressed by and reflected in a wide range of economic policies. In-fact, the present consciousness on the part of the every segment of the society including the government for small
and medium scale industrial growth cannot be under emphasized and the delay in appreciating this sector as an economic catalyst is frustrating. (Ani  B.N. and Nwandu E.C. 2001).

Yearly, government initiate policies that will not only help the development of small scale firms but also bring legislations for small and medium scale firms protection. Most government economic policies on imported goods have been targeted at discouraging such importation and protect the establishment, existence and survival of cottage firms. The essence of the protection is not to allow it face the competition posed by foreign goods in the market.

It is true that we are operating in a system where savings and investment are quite low; this is as a result of low capital base, mass unemployment and low per capital income. But government has not relented on its effort to ensure the success of small and medium scale firms. Tax holidays and tax concessions are many at times being offered by government to small and medium scale firms to enable them survive. Grants and loan facilities are another key ways of assisting small and medium scale (SME)
industries so that funds needed for current operations and investments may not be an impediment.
If critically viewed, more efforts of government were geared towards the establishment of industries which would provide employment to the teaming populations, provide earnings to the country through export profiles,  enhance standard of living of the citizenry and in turn results to provisions of
infrastructural facilities. It is equally of important to note at this juncture that small and medium scale enterprises means different thing to different people, group, society and government hence.

1.2 STATEMENT OF PROBLEMS

The under-development of Nigerian economy is as a result of inadequate industries in Nigeria and manufacturing of the existing one’s owing to poor implementation, supervision and execution of government policies and programmes, subject to corruption and lack of appropriate machineries for later implementation.

The government (both at state and federal level) at various intervals have initiated policies measures to encourage the development of the small scale industries. Some of these policies included the operation feed the nation (OFN) of 1973, the Green Revolution of 1977, the National Directorate of Employment (NDE) of 1986 and others. All these geared towards assisting the firms technically, financially and managerially.



Given that industrial development has been so slowly generally in Nigeria, and that government has been doing something positive to increase the industrial base of the country; the researcher therefore is challenged to prove whether or not a small and medium firm will lead to quick industrial development in Enugu Urban and Nigeria in general.

The researcher will find out why most government industrialization and mobilization policies inaugurated in the past, failed to achieve grass root industrialization and mobilization among Nigerians and also how to address the problems of entrepreneurship facing small scale industries in Nigeria and Enugu State in particular.

1.3 RESEARCH QUESTIONS

The impact of small and medium scale enterprise towards industrial development have been a  controversial issue owing to its significant to Nigerian economy. In view of this, the researcher intends to present the following questions.

(1) What are the factors militating against the growth and development of small and medium scale enterprises in Enugu Urban?
(2) Do Government and its agencies fund small scale firm adequately in relation to its promises and policies as to industrializing in Enugu Urban?
(3) Do government give financial assistance to small scale firms?
(4) Do good management contribute to the success of small scale firms in Enugu Urban?
(5) How much loan do government give to small scale firms?
(6) Do small and medium scale enterprises contribute in waste
management disposal and extended usage of by-product that may not have been useful without the existence of SME’s?

1.4 OBJECTIVES OF THE STUDY

This study intends to investigate various problems associated with establishment and growth of small and medium scale enterprises towards the development of industrialization in Enugu State. This research will attempt to

(1) To discover and determine the factors militating against the growth and development of scale and medium enterprises in Enugu Urban.
(2) To discover if government and its agencies fund small scale firms adequately in relation to its promises and policies as to industrializing in Enugu Urban.
(3) To find out if government render financial assistance to small scale firm in Enugu Urban.
(4) To find out if good management contribute to the success of small scale firms in Enugu Urban.
(5) To find out if government give loans to the small scale firms.
(6) To discover whether small and mediums scale enterprise contributes in waste management disposal and extended usage of by-product that
may not have been useful without the existence of SME’s.

1.5 STATEMENT OF HYPOTHESIS

The hypothesis to be tested against their alternatives will be formulated from the statement or problem to serve as an effective guide:
Ho Small and medium scale enterprises does not have any factor militating against its growth and development in Enugu State.
Hi Small and medium scale enterprises does have any factor militating against its growth and development in Enugu State.
Ho Small scale and medium enterprises does not have any effect to the development and growth of industrialization in Enugu State.
Hi Small scale and medium enterprises does have any effect to the development and growth of industrialization in Enugu State.
Ho Individuals does not have roles to play towards promoting government policy to achieve industrialization and stability in the economy of the state.
Hi Individuals have roles to play towards promoting government policy to achieve value chain of industrialization and stability in the economy of the state.
Ho Small and medium scale enterprises (SME) does not contribute in waste management disposal and extended usage of by-product that may not have been useful without the existence of small and medium
scale enterprises.
Hi Small and medium scale enterprises (SME) does contribute in waste management disposal and extended usage of by-product that may not have been useful without the existence of small and medium scale
enterprises.
Ho Government does not have any position towards assisting, promoting and stabilizing small and medium scale enterprises (SME) in other to unlock value chain approaches to our economic boom.
Hi Government does have any position towards assisting, promoting and stabilizing small and medium scale enterprises (SME) in other to unlock value chain approaches to our economic boom.
Ho Environmental factors does not have influence in the establishment, growth and stability of small scale enterprises (SME)
Hi Environmental factors does have influence in the establishment, growth and stability of small scale enterprises (SME)

1.6 SIGNIFICANCE OF THE STUDY

No matter the amount of resources committed in this study, its importance as to the resources imputed cannot be compared. This is true because it is a study that deals with rudiments and fundamentals of economic growth and stability. Its centered on business prosperity, which if achieved will reduce the personal problem of unemployment and poor standard of living. It deals with the production of goods and services, provision of necessary tools for infrastructural facilities and this helps to enhance
industrial development. It creates earning sources to the government and for the general administration. Above all,

1. This research will give an insight into the natural implications of existence of small and medium scale enterprises in Enugu Urban.
2. This research work will also assist researchers, scholars and future managers on the above subject matter.
3. This research work will expose any shortcomings that has been militating against the establishment, growth and development of industrialization in Enugu Urban
4. This research will expose opportunities that have not been exploited to intending investors and entrepreneurs in search of opportunities.

1.7 SCOPE AND LIMITATION OF THE STUDY

This research work has been limited to a reasonable researchable scope considering a lot of constraints during the time of the study. The study aims at identifying the problems and prospects of firm using selected small scale firms in Enugu as a case study.
A lot of problems are likely to be encountered during the process of putting this work together. These problems include:
(1) Finance: A lot of money is required at all stages of the study, as a civil servant, it is a big problem.
(2) Time constraint: As a civil servant, I have a limited time to put this work together due to other numerous engagements.
HOW TO GET THE FULL PROJECT WORK

PLEASE, print the following instructions and information if you will like to order/buy our complete written material(s).

HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount (#5,000) into our bank Account below, send the following information to
08068231953 or 08168759420

(1)    Your project topics
(2)     Email Address
(3)     Payment Name
(4)    Teller Number
We will send your material(s) after we receive bank alert

BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.

OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.



FOR MORE INFORMATION, CALL:
08068231953 or 08168759420


AFFILIATE







Comments

Popular posts from this blog

ADVERTISING AS A ‘’POWER TOOL’’ FOR BUSINESS GROWTH (A CASE STUDY OF NIGERIAN BOTTLING COMPANY PLC)

ATTENTION: BEFORE YOU READ THE PROJECT WORK, PLEASE READ THE INFORMATION BELOW. THANK YOU! TO GET THE FULL PROJECT FOR THE TOPIC BELOW PLEASE CALL: 08168759420, 08068231953 TO GET MORE PROJECT TOPICS IN YOUR DEPARTMENT, PLEASE VISIT: www.easyprojectmaterials.com www.easyprojectsolutions.com www.worldofnolimit.com ADVERTISING AS A ‘’POWER TOOL’’ FOR BUSINESS GROWTH (A CASE STUDY OF NIGERIAN BOTTLING COMPANY PLC) ABSTRACT The study was on Advertising as a Power Tool for Business Growth. Advertising refers to any form of non-personal presentation or promotion of ideas, goods and services by an identified sponsor. The raison d’ taire of advertising is to create awareness of a product and to further stimulate brand preference. Therefore, its role in the pursuant of a company’s profit making objective cannot be over emphasized. The study used the Nigerian Bottling Co

EDUCATION ADMINISTRATION AND PLANNING PROJECT TOPICS AND MATERIALS

EDUCATION ADMINISTRATION AND PLANNING PROJECT TOPICS AND MATERIALS ATTENTION: BEFORE YOU READ THE PROJECT TOPICS BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU! NOTE: WE WILL SEND YOU THE ABSTRACT, TABLE OF CONTENT AND CHAPTER ONE OF YOUR APPROVED TOPIC FOR FREE. CHOOSE FROM THE LIST OF TOPICS BELOW. SEND YOUR EMAIL ADDRESS AND THE APPROVED PROJECT TOPIC TO ANY OF THESE NUMBERS-08068231953, 08168759420 WE WILL THEN SEND THE ABSTRACT, TABLE OF CONTENT AND CHAPTER ONE FOR FREE NOTE ALSO: WE CAN ALSO DEVELOP THE FULL PROJECT WORK CALL: 08068231953, 08168759420 EDUCATION ADMINISTRATION AND PLANNING PROJECT TOPICS AND MATERIALS INFLUENCE OF PARENTAL INVOLVEMENT AND PEER GROUP ON THE ACADEMIC PERFORMANCE OF STUDENTS: CASE STUDY OF SOME SELECTED SCHOOLS IN IJEBU-ODE LOCAL GOVERNMENT AREA OF OGUN STATE AN ANALYSIS OF THE RELATIONSHIP BETWEEN CLASS SIZE AND ACADEMIC PERFORMANCE OF STUDENTS  INFLUENCE OF SCHOOL ENVIRONM

MANPOWER TRAINING AS AN AID TO MANAGEMENT IN BUSINESS ENTERPRISES

ATTENTION: BEFORE YOU READ THE PROJECT WORK, PLEASE READ THE INFORMATION BELOW. THANK YOU! TO GET THE FULL PROJECT FOR THE TOPIC BELOW PLEASE CALL: 08168759420, 08068231953 TO GET MORE PROJECT TOPICS IN YOUR DEPARTMENT, PLEASE VISIT: www.easyprojectmaterials.com www.easyprojectsolutions.com www.worldofnolimit.com MANPOWER TRAINING AS AN AID TO MANAGEMENT IN BUSINESS ENTERPRISES ABSTRACT This research work is focused on manpower training as an aid to management in business enterprises using four firms as a case study. It has been observed that a major problem confronting organizations in this present dispensation is the fact that productivity of workers is low. In order to improve on the productivity of workers and their efficiency, they need to be properly trained and utilized for the purpose which they serve. This therefore calls for proper training of emp