The industrialization of every nation emanates from the ability of
private individuals and government in business to make optimum
allocation of available resources in order to achieve future objectives.
Business in the third world countries is characterized by ineffective
and ineffectual utilization of available resources which has limited the
scope of business to small scale.
This calls for the application of some theories in the field of
management accounting to enhance the productivity of existing small
scale businesses in the third world countries.
Small scale enterprises encounter problems which often times result
into pre – mature death of such industries or/production below capacity.
Some of these problems lie largely outside the control of the
entrepreneur. These are the problems to be solved, by the government in
the interest of industrial development of Nation while other problems
arise from the enterprenuer’s limitation in his decision making process.
This study, has been limited to Imo state by the project writer after a thorough research.
An analysis of factors that contributed to this development would be
highlighted and useful recommendation towards resolving these problems
would be made. The researcher is optimistic in view of the fact that if
these recommendation are adhered to, they will go a long way in
achieving the objectives of this research work.
TABLE OF CONTENTS
TABLE OF CONTENTS
1.1 Background of the study
1.2 Statement of problem
1.3 Purpose of the study
1.4 Importance of the study
1.5 Scope or delimitation of the study
1.6 Working hypothesis
1.7 Definition of term
2.1 Review of related literature
2.2 Local literature
2.3 Foreign related literature
2.4 Relationship to the study
3.1 Research methodology
3.2 Sampling procedures
3.3 Source of data
3.4 Statistical treatment and analysis of data
5.1 Discussion on the results of findings
5.2 Conclusions and recommendation
1.1 BACKGROUND OF THE STUDY
Histories of various developed countries have shown that industrial
revolution had been the main cause for their economic survival. Their
great financial strength have come principally through the acquisition
of industrial and technological power. Small – scale industries
undisputedly constitute the bedrock for any meaningful industrial
development and for the acquisition of this industrial and technological
Without exception, all big industrial organization be they multi –
national or indigenous, started in a small way. Small scale industrial
set – ups abound, but most of them are buying and selling outfits.
Considering the economic situation in the country, the entrepreneurs in
the state, now more than ever need to branch out into some other areas
outside buying and selling. One would appreciate the fact that one can
make quicker and more money by buying and selling. But this is only for a
short term investment in the production of goods (manufacturing),
though it has a longer payback period ensures a longer lasting profit.
This could not only be a safer investment for the entrepreneur in the
long run, but it is also a sure way of providing employment for our
teeming high school and university graduates.
The Nigerian economy in the last two decades has passed through
various stages. From the oil boom era of the seventies to the period of
wasteful spending and painlessness of the early eighties and the present
economic down turn.
One must appreciate the fact that the survival of the sole proprietor
in the Nigerian economy today would depend of his initiative, drive and
quick adaptation to the environment.