SMALL SCALE BUSINESS AS A STRATEGY FOR ENTREPRENEURSHIP DEVELOPMENT IN NIGERIA

Format: MS WORD  |  Chapter: 1-5  |  Pages: 65  |  481 Users found this project useful  |  Price ₦3,000

GET THE COMPLETE PROJECT

SMALL SCALE BUSINESS AS A STRATEGY FOR ENTREPRENEURSHIP DEVELOPMENT IN NIGERIA

CHAPTER ONE

INTRODUCTION

In every business there is a way of doing things or a system adopted by the firm in order to achieve its objectives and goal leads to their growth, which is also a means of promoting entrepreneur practice inNigeria. This practical entrepreneur development inNigeriais the main target of every nation and the  impact of business to realise this growth is the subject of small scale business management.

For any business to work towards achieving any objectives it must work towards developing strategy which will be a guide to achieve the goal.

Strategy have beens defined by many authors, Mr. Ojemba G. Agbo he defined strategy as a general programme of nation and a deployment of emphasis and resources towards the attainment of the overall objectives. It is defined by Kenneth and Hatter as a process by which an organisation formulates objective and is managed to achieve them .strategy is seen by another author as the pattern of objectives purposes or goal and major policies and plans for achieving these goals state in such a way as to define what business a company is in or to be in and the kind of company it is or to be (christerst Andrews and Bower). However, strategy is seen to be a planned skill in managing any affair or achieving any objective and this make small scale to be seen as a strategy for practical entrepreneur development. However many developing countries have failed to adopt this strategy owing to their belief that it is slow process of industrialization which may not be very computable with their desire to catch up with the industrialized countries. Many countries of the world that are advance in their industrial development consigning practical entrepreneur practice. Started with small scale business. In Nigeria, both federal and state government are now placing much emphasis on the promotion of indigenous small scale business enterprises with a review to encouraging entrepreneurship.

          A business is defined as a human organisation which produces and market product (target market) it aims to serve. It can take place anywhere and involve receiving and giving process. (Odo P.C.). Monughton Etal in his introduction to business enterprises defined it as the sum total of those activities that have their main purpose of creating, maintaining and extension of a concern continue to exist because it earns profit or other benefit for it’s owner.

Defining what constitutes small scale business entrepreneurship bring out a lot of entrepreneur which varies from country to country, from institution to another but generally speaking a small scale business entrepreneur is independently owned and managed but is not dominant in it’s field of operation.

          It is independently because it is wholly owned by an individual or party and managed by them without outside supervision on it’s management and extra case is taken in it’s management and this help in developing the economy of state and nation as a whole.

 1.1 BACKGROUND OF THE STUDY.

          Entrepreneurship started when people produces more products than they needed, as such they had to exchange these surpluses with others who wanted to dispose of their surpluses. For instance, if ca blacksmith produced more hoes that he had not but needed. May be needed some yams or goat etc, he would look for some one who needed his products to exchange with. By this way producers came to realise that they concentrate in their areas of production to produces more and then exchange with what they needed. So through this exchange of products, entrepreneurship started.

A typical Nigerian entrepreneur is a set made man who might he said have strong wholly to succeed, he might engage the services of other like friends, mates, in-laws etc to help him in his work or production. Through this way,Nigeriais in the olden days were engaged in entrepreneurship. Early entrepreneurship is characterized with production or manufacturing in which case, the producer most often started with a small capital, most of it from his own savings. Early entrepreneurship started with trade by barter even before the advent any form of money.

          Modern entrepreneurship inNigeriastarted with coming of the colonial masters, who brought in their wears and made Nigerians their middlemen. In this way, modern entrepreneurship was conceived.  One of the major factors that has in many was discover aged the flow of entrepreneurship development inNigeriais the value system brought about by Forman education. For many decades formal education has been thee presence of the priviledge. With formal education, people had the opportunity of bring employed in the civil services.

The value system discouraged entrepreneurship inNigeriafor colonial masters to sale their goods because if Nigerians continue to be enterprising, they would not have had market for their goods. As such, the system made Nigerians to be dependent on the colonial masters to supply her with the needed products.

            Again the contract between Nigerian entrepreneurs and foreign entrepreneurs during the colonial era was very detrimental and the competitive business strategy of the foreign entrepreneurs was ruinous and also against moral standards established by society. They did not adhere to the theory of live and lets live. For instance, the united Africans company (UAC) that was responsible for a substantial percentage of the import and export trade ofNigeria, had the policy of dealing directly with producers and refused to make use of  the services ofNigeriaentrepreneurs. The refusal of the expatriate to utilize the services of local businessmen inhibited their expansion and acquisition of necessary skills and attitude. Because of this, many eventually folded up. Those that folded built up a resentment against business which became very demoralizing to other prospective entrepreneurs.

          But with more people being educated and the fact that government could no longer employ most school leavers, economic programmes to encourage individuals to go into private business and be self eliant were initiated (theodore Gieger etal in Nwalnnkwv u) (mrs. Ani, Nnenna B.).

 1.2   STATEMENT OF THE PROBLEM

There have been concerted effort by the federal and state government to encourage young school leavers to enter into small scale business entrepreneurship development in Nigeria by establishing some banks, bodies and lending institutions who will be lending funds to young school leavers, consulting them on how to choose a particular business that will yield them much profit, and thereby bring an increase in our gross national product and creating self employment opportunity for themselves, in order to reduce crime growth rate in our country.

Apart from employment opportunity problem and the increase in our gross national product (GNP), it also accelerate the development of both the urban and rural areas. With more enterprises in the community mere infrastructural facilities are attracted, like good roads, electricity, they are able to better their standard of living and save for investment. All these, accelerate development both the urban and rural arena.

          Without government encouraging practical entrepreneurship development inNigeriaeconomy, instead there will be violent occurrences here and there such stealing 419 and son on.

          This study also intended to examine constraints encountered by small industries by small industries and affect of government policies on them.

 1.3     PURPOSE OF THE STUDY.

The purpose of this project is to renew in a critical prospective, the characteristics of small scale practical entrepreneurship business, the causes of their failure, their importance, factors needed to establish and run a small business entrepreneurship. The objective of profit maximization the objective of the creation off employment and betterment of living standard of communities in Anambra, Nnewi local government Area.

1.4      SCOPE OF THE STUDY

The study was exclusively on practical entrepreneurship development. It was limited to small scale practical entrepreneurship development of business in Nnewi local government area.

          The small scale business industries used this study to review the area covered by practical entrepreneurship development such as bakery, furniture making, garri processing, poultry management, block making, kiosk and restaurants. All these entrepreneurship owned business scatters in Nnewi towns such a UKP, Oru, Otoro and uruagu town are known for their commercial business. The writer have restricted the study to these towns for easy and comprehensive study of practical entrepreneurship development.

          In Nnewi local government area, it is mainly on entrepreneur practicing town. It is thereby the small scale business entrepreneur that actually constitute the backbone of the local government.

 1.5      RESEARCH QUESTIONS

In order to facilitate this study, the following basic questions will be reflected in the interview.

What are main reason why people practice or establish their entrepreneurship? What impact have small scale business on the practical entrepreneurship development of the society? What are the constraints encountered when practicing entrepreneurship? How do government policies affect the development of small scale entrepreneurship business. What benefits or advantages hasNigeriagotten through practising entrepreneurship?

 1.6     SIGNIFICANCE OF THE STUDY

The study of a tremendous informant especially when one realise the contribution of small scale business to practical entrepreneurship development of rural areas and the nation in general.

The government is becoming aware of this development  as such any study or research work carried out in this refusal will encourage and promote the development of small scale business. The strategy up of small scale business in Nnewi local government area, everything possible to see that entrepreneurship practice survive in this country.

To the writer, the study has renewed her determination to be self employed by running a small scale business ventures and generally broadened the knowledge and understanding of business Administration sand management (BAM).

 1.7     LIMITATIONS OF THE STUDY

Small scale business as strategy for practical entrepreneur development inNigeria, “ A case study of Nnewi local government area” Anambra state.

1.8   DEFINITION OF THE TERMS

Entrepreneurship Development

it is doing new things or doing things that care already  getting done in a new way for increase in nations wealth to get the handicapped self employed. Strategy

This is planned skill in managing any affair or in achieving any objective and goal when the organisation have as a target.

Small scale

It is business independently owned managed by the owner.  It’s market share is relatively small.

 1.9       RESEARCH HYPOTHESIS

H1  Most school leavers practice entrepreneurship inNigeria

H0  Most  school leavers do not practice entrepreneurship inNigeria.

H1  Practicing entrepreneurship is efficient and effective in Anambra state.

H0  practicing entrepreneurship is not efficient and effective in Anambra state.

   REFERENCES

Nnenna B.A. (1999) Entrepreneurship development

Enugu J.T.C. Publishers .P.9

Agbo G.O. (200) Small scale business practice:Enugu

IYKE Venture production P.18

Nebeife D.O. (200) Overviewer of business strategy 

Enugu J.T.C publishers, P.29.

GET THE COMPLETE PROJECT

Not What You Are Looking For?



For QUICK Help Call Us Now!

+234 813 292 6373


Here's what our amazing customers are saying

JONNAH EHIS
Ajayi Crowther University, Oyo
I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!
Excellent
MATTHEW NGBEDE
Ahmadu Bello University
I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!
Excellent
Temitayo Ayodele
Obafemi Awolowo University
My friend told me about iprojectmaster website, I doubted her until I saw her download her full project instantly, I tried mine too and got it instantly, right now, am telling everyone in my school about iprojectmaster.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work
Very Good
Stancy M
Abia State University, Uturu
I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much iprojectmaster, infact, I owe my graduating well today to you guys...
Excellent
Ibrahim Muhammad Muhammad
Usmanu danfodiyo university, sokoto
It's a site that give researcher student's to gain access work,easier,affordable and understandable. I appreciate the iproject master teams for making my project work fast and available .I will surely,recommend this site to my friends.thanks a lot..!
Excellent
Dau Mohammed Kabiru
Kaduna State College of Education Gidan Waya
This is my first time..Your service is superb. But because I was pressed for time, I became jittery when I did not receive feedbackd. I will do more business with you and I will recommend you to my friends. Thank you.
Very Good
Joseph M. Yohanna
Thanks a lot, am really grateful and will surely tell my friends about your website.
Excellent
Merry From BSU
I am now a graduate because of iprojectmaster.com, God Bless you guys for me.
Excellent
Samuel From Ajayi Crowther University
You guys just made life easier for students. Thanks alot iprojectmaster.com
Excellent
Musa From Ahmadu Bello University
Thank you iprojectmaster for saving my life, please keep it up and may God continue to bless you people.
Excellent

HOW TO GET YOUR COMPLETE PROJECT INSTANTLY

  • Select 3 Project Topics of your choice from your Department.
  • Submit the 3 topics to your Supervisor for Approval.
  • Call Our Instant Help Desk on 0813-292-6373 and Get Your Complete Project Material Instantly.
  • All project materials on this website are well researched by professionals with high level of professionalism.

FREQUENTLY ASKED QUESTIONS

How do i choose a Project Topic?

Look for your department and select any topic of your choice

I have a fresh topic that is not on your website. How do I go about it?

How fast can i get a complete project from your website?

Within 15 minutes if the exact project topic is on our website

Is it a complete research project or just materials?

It is a Complete Research Project i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data

One of your topics suites my project, but the case study is different. What do i do?

Call Our Instant Help Desk Now: (+234) 813-292-6373 and you will be responded to immediately

How do i get my complete project?

Your Complete Project Material will be sent to your Email Address in Ms Word document format

Can I get my Complete Project through WhatsApp?

Yes! We can send your Complete Research Project to your WhatsApp Number

What if my Project Supervisor made some changes to a topic i picked from your website?

Call Our Instant Help Desk Now: (+234) 813-292-6373 and you will be responded to immediately

Do you assist students with Assignment and Project Proposal?

Yes! Call Our Instant Help Desk Now: (+234) 813-292-6373 and you will be responded to immediately

What if i do not have any project topic idea at all?

Smiles! We've Got You Covered. Chat with us on WhatsApp Now to Get Instant Help: (+234) 813-292-6373

How can i trust this site?

We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "PRIMEDGE TECHNOLOGY". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!