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EFFECTS OF POOR
MANAGEMENT IN PRIVATE OWNED ESTABLISHMENT
CHAPTER ONE
INTRODUCTION
1.1 GENERAL
BACGROUND TO THE SUBJECT MATTER
All over the world management is known to be one of the key
aspects that has contributed immensely in the development of any country’s
economy.
It is also referred to us the coordination of the resources
of an organization through the corporative efforts of others in order to
achieve a given target or objective. But when any establishment of economy is
unable to coordinate its resources and the activities of others through the
process of planning, organizing, directing and controlling in order to achieve.
Then poor management is in place. Poor management could also result from
inadequate managerial ability. It be the inability of the management to utilize
the scare resources under their control as well as the inability to apply the
required manpower for executing a particular task.
An establishment or organization could experience poor
management when all the required equipment unable to manage the scare resources
effectively. This is the possibility of ineffective management. Poor management
goes with a lot of uncountable effects which are disastrolls and spread like a
wild fire. No establishment or economy will like to experience the effect of
poor management but nobody can change it especially when poor management has
been unused in an establishment.
In a situation like this no individual will like to associate
such establishment thereby scaring people away and the work as of such
establishment to not stand the chance of being exposed in any form.
The combination of land capital and labour are not
effectively utilized. The inability to communicate effectively with the out
side world and not being able to complete favourable with establishment s which
leads to the lose of peoples/public interest.
Furthermore, the services renterd are very poor not to talk
of the substandard quality of their products resulting from absence of training
and not applying the modern techniques of management will only be coming across
losses and no profit will be made. The reputation of the establishment is at
stake and no individual will be encouraged to do business with such
establishment because the quality of their services is behold what is expected
and the economy of the country is affected badly.
The inability of the management to ruminate its workers and
pay its dept it dept can as well lead to the end of the existence of the
establishment.
1.2 PROBLEMS
ASSOCIATED WITH THE SUBJECT MATTER
It is obvious that the poor management is caused due to
deficiency in the management of an establishment and not being able to utilize
the scare resources and its effects are numerous and they include:
a Bad reputation
of the establishment.
b the
establishment is less attractive to job seekers.
c The
establishment looses its customers.
d It stand the
chance of being bankrupt and also students the chance of being closed.
e It contributes
negatively to the economy.
f The inability
of management to enumerate its workers.
g The inability
of management to train its workers and not applying the modern techniques of
management and production.
h The
establishment stands the chance of not making any profit. All these cause
imbalance in the economy of Nation.
1.3 PROBLEMS
THAT THE STUDY WILL BE CONCERNED WITH
The main motivating factor of the study is to examine the
effects of poor management in private owned establishment in the private establishment
under study to know whether the effects of poor management are negative or
positive. To determine how the effects of poor management affect the growth and
development of newly establishment and the old existing ones as well as the
skills of the workers and also how to discourage the effects of poor
management.
1.4 THE
IMPORTANCE OF STUDYING THE AREA
The study is geared towards finding out from the research the
following whether the effects of poor management in private owned establishment.
A case study of powerful limited is beneficial or not to identity low it
affects the growth and development of an establishment.
How to tackle and overcome the effect of poor management.
1.5
DEFINITION OF IMPORTANT TERMS
Management: The coordination of an organizational resource
through the process of planning organizing directing and controlling in order
to achieve the organizational objective.
SCARCE RESOURCES: Limited resources objective: a target goal
(either long run or short run).
DEVELOPMENT: Exposure of an establishment to the modern
management techniques.
ESTABLISHMENT: Organization.
MAMPOWER: Assement of workers available for a particular
task.
REMUNERATION: Payment.
PLANNING: Establishing organizational goals and a strategy
for their achievement.
ORGANIZING: It deals with the division of work allocation of
duties authorities and responsibility in order to make things happened.
DIRECTING: Community, centralizing authority and leadership,
guiding and supervising subordinate.
CONTROLLING: Monitoring to see that plans have been carried
out.
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