THE ROLE OF SMALL SCALE BUSINESS IN INDUSTRIAL TECHNOLOGICAL DEVELOPMENT OF NIGERIA (A case study of PZ Nigeria limited Isolo)
This research work highlights the role of Small Scale business in
industrial technological development of Nigeria. The industry used as
Case Study is Pz Nigeria Limited, Isolo, Lagos.
With the necessary information and method of study relying heavily on
questionnaire administration, the findings of this study is that small
scale has received a socio-economic ventures designed of address poverty
Its purposes is to motivate and encourage the Nigeria populate, to
improve their standard of living by making proper use of management
resources generated to their communities. Also from the findings, I was
able to realize that Pz Nigeria Limited has been able to provide
TABLE OF CONTENTS
1.2 Statement of Problem
1.3 Objectives And Purpose
1.4 Statement of Research Hypothesis
1.5 Significant of the Study
1.6 Scope of the Study
1.7 Limitations of the Study
1.8 Definitions of terms
1.9 Historical background of Hyson
2.0 Literature Review
2.1 Meaning and Definition of Small Scale Business
2.2 Setting up of Small Scale business
2.3 The importance of Small Scale
2.4 The functions and Characteristics of Small Scale business
2.5 Small Scale Business and technological Development
2.6 Impacts of Small Scale business in industrial development in Nigeria
2.7 Sources of Revenue for Small Scale business
2.8 Limitations of Small Scale Business
2.9 Problems of Small Scale Business
2.10 Solution to the Problem
3.0 Research Methodology
3.1 Methods and Procedures
3.2 Population and sampling
3.3 Determination of Sampling Size
3.4 Research Instrument
3.5 Problems of data collection
3.6 Limitation of research instrument
3.7 Technique of Data Analysis
4.1 Data Analysis
4.2 Identification of variables
4.3 Interpretation of data
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
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
iii. Small scale industries do not play any major role in the growth and deployment.