Full Project – THE ROLE OF SMALL SCALE BUSINESS IN INDUSTRIAL TECHNOLOGICAL DEVELOPMENT OF NIGERIA

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CHAPTER ONE

1.1   INTRODUCTION

Business from the economist point of any human endeavor that is profit oriented. The importance of this definition is that any activity that has not profit malice in view is not a business. However, activity as us in context can be reeled to any enter price or business that is profit oriented and in fact, they range right from buying and selling, small scale industry in mini agro allied industry and husbandry agencies, construction works and craftsmanship etc.

In the medieval period, there was hardly and need for business transactions since production is strictly on subsistence level. But as the society started to develop, the advent of technology take off, so the volume of production increased and to the advantage of human being and work progress.

The foraging is just overview of the nature of business both in the subsistence and exchanged economics.

Historically, however, observation revealed that prior to this moment; Small-scale business has been the largest single form of entrepreneurship operating in the society – usually owned by a person or a few persons as partnership. This has been exclusively dominant by the private individual for quite a while and ever now.

However, with the dawn-turn in the future government over the last decade, National Economics Policy focused more attention on the promotion of small scale business mostly in those areas that have not been properly explored by the private individuals. This is relatively a new phenomenon, leather training, Meta I fabrication and some other areas that was poorly handled by the private business entrepreneurs.

In fact, there are some constraints in this implementation of most of these projects and suck problem would be fully discussed in the subsequent chapters.

1.2   STATEMENT OF PROBLEM

These studies also examine the problem faced by them in the process of performing their task in order to make correct recommendation to the society for possible solution. There are lots of problem affecting the role of small seals business in industrial technological development of Nigeria which have made it more compete to venture into.

Some of the problems include

a.       Lack of qualified management personnel

b.      Unreasonable high rate of unqualified staff

c.       Lack of adequate motivation

d.      Inadequate delegation and authorities and power

e.       Inadequate management and staff form

f.        Poor information system

g.       Lack of adequate fiancé

h.      Inability to implement decisions reached with staff

i.        Irregular and untimely payment of workers salaries

j         Undesirable high rate of labour turnover

1.3   OBJECTIVES AND PURPOSE

The objectives of this project is to identify the existential of small scale – business in industry technological development of Nigeria and also take into cognizance how small- scale business play an important role in Nigerian economy also provide employment to many that are less suitable to employment in Large business concerns but who have much to contribute to the improvement of the society.

a.                  To look closely into the reason behinds lack of qualified management personal in infant industries.

b.                  To investigate into the unreasonable high rate of unqualified management / employee.

c.                  To examine the inability to observes the concept of n organization.

d.                  To assess the causes of inadequacy of motivation in infant industries.

e.                  To inspect closely the persistence inadequate of delegation of authorizes and powers.

f.                   To find out the reason for the inadequate management and staff meeting.

g.                  To investigate into the poor information systems on infact industries.

h.                  To examine the inadequacy of finance.

i.                    To diagnose the cause of inconsistence in management policies and decisions.

j.                    To know the inability of management to implement the decision reached with staff.

k.                  To sort out there causes of irregular and untimely payment of workers salaries.

l.             To evaluate and analyze the causes of the undesirable le high rate of turnover in infect industries.

1.4   STATEMENT OF RESEARCH HYPOTHESIS

Hypothesis is defined as a tentative assumption made in order to draw out and test its logical and empirical consequences. It could also be define as a confessional statement, tentative proposition given to explain the facts that are causing problem.

Some hypotheses are therefore made as follows:

i.                    Small Scale industries kills the talent of skilled workers

ii.                 Small scale industries are not a potent me and of alleviating rural-urban migration and its invited scourge of unemployment.

iii.               Small scale industries do not play any major role in the growth and deployment.

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Full Project – THE ROLE OF SMALL SCALE BUSINESS IN INDUSTRIAL TECHNOLOGICAL DEVELOPMENT OF NIGERIA