A SURVEY OF THE MANAGEMENT PROBLEMS OF BUSINESS CENTERS IN AGWU (A STUDY OF SELECTED BUSINESS CENTRES IN AGWU LOCAL GOVERNMENT AREA)
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A SURVEY OF THE
MANAGEMENT PROBLEMS OF BUSINESS CENTERS IN AGWU (A STUDY OF SELECTED BUSINESS
CENTRES IN AGWU LOCAL GOVERNMENT AREA)
ABSTRACT
The cardinal
objective of this study are to survey the management problems of Business
centers in Awgu Local Government area of Enugu state. Awgu as a geographical entry is full of men
and women, people of proven integrity who have tested their power sin the
distributive trade. This economic
approach varies with economic culture of our people and therefore, requires the
application of comparative law of requisite variety, which states that
individuals with the widest variety of responses will usually control the
environment and situation to their benefit.
This study
therefore is a token contribution towards attaining this aspiration as it tries
to explain approaches that will lead to the side tracking of these barriers to
business centers in Awgu .
The study is
divided into five chapters. Chapter one
is introduction of the topic of study.
The second
chapter tried to explain what other people both Nigerian and people of other
countries have written about business centers in particular both their problems
and prospects.
The third
chapter deals with research design and methodology, and also how the sample size
was determined. The population consists
of 75 respondents, all of whom were used in the study.
Then chapter
four deals with presentation and analysis of data and the data for this study
was gathered through the use of questionnaire were distributed to respondents
and were later collected from them personally by the researcher.
Chapter five
deals with the findings, that lack of finance and government policies
frustrates most proprietors of Business centers and then concluded that f they
should be encouraged by government and financial institutions, Business centers
will be a progressive venture.
The
researcher therefore made recommendations that government should provide an
adequate capital to the prospective owners of the Business centers by setting
up a recognized schemes and commercial banks that can grant assistance to
them. And moreso, one should have enough
capital himself before venturing into such a
business.
TABLE OF CONTENTS
Title page
Cover page
Approval page
Dedication
Acknowledgement
Abstract
CHAPTER ONE
1.1
Introduction/background of study
1.2 Statement
of the problem
1.3 The
objective or purpose of the study
1.4 Scope or
definition of the study
1.5 Research
questions
1.6
Significance
CHAPTER TWO
2.0 Review
of related literature
2.1 Overview and
development of business centre
2.2 Resource
availability and industrial establishment
2.3 Virtues
and benefits of business centers
2.4 Problems
of business centre
2.5 Attempts
at ameliorating business centre problems summary of literature – review
CHAPTER THREE
3.0 Research
procedure/methodology
3.1 Research design
3.2 Area of
the study
3.3
Population of the study
3.4 Sample
and sampling techniques
3.5 Instrument
for data collection
3.6 Validity
of the instrument used
3.7
Reliability of the research instrument
3.8 Method
of administration of the research instrument
3.9 Method
of data analysis
CHAPTER FOUR
4.0 Data
presentation, analysis and results
4.1 Data
presentation and analysis
Summary of
findings
CHAPTER FIVE
5.0
Discussion, implication and recommendation
5.1 Discussions of
results
5.2
Conclusion
5.3 Recommendation
5.4
Implications of the results
5.5
Suggestions for further research
5.6
Limitations of the study
Biography
Appendix
CHAPTER ONE
INTRODUCTION
1.1 Background of
the Study:
Many advanced countries of the world that have attained or
are attaining the peak of their industrial development and economic growth
began with business centers.
Technology
has evolved the functions of the office to rely on different types of improved
and standardized equipment. It has also
devised varied stages and concepts for effective communication within and
outside the organization. It enables the
host of system, equipment and materials essentially computer-based to achieve
the set goals of an organization in relation to the function of office such as
obtaining storing processing and distribution of information.
Business
centers serve as centers of information, such centers take in, process, store
and relay data and messages in different situation such as financing,
marketing, building, manufacturing, servicing or advising so as to enable the
different types of people tom function in their jobs.
Some time
ago, this set ups were neglected in our economic sectors. But in recent times, due to unemployment
trend in our country, business centers have started to grow in all aspects of
our economy.
According to
Omordion (1970), “it is dominated that the industrial sector in most countries
in terms of the number and employment.
There simply can be no doubt whatsoever that the business centers
constitute the real fabric of the nation’s economy.
Government of
most nations particularly in the development countries have started recognizing
this new shift with great enthusiasm as against their former policies of
capital intensive.
It is in
recognition of this positive bearing of business centers in national
development that Nigerian governments both federal, state and local are now
mounting series of programmes designed to sensitize and stimulate the people
into appreciating the impact of business centers in out national economy, going
through the positive effects which increased activity of business centers could
have on the national economy, it will be clear that it is mostly for national
policy which encourage establishment of business centers and through this
enterprises the nation realize long run betterment of hr balance of payment
position.
Starting of
one-man business is venturing into the known, which if fraught with many
problems.
In
realization of this obvious fat and the importance of this category of
business to our national economic growth, the study therefore
studies some of
the peculiar factors hindering industrialization Enugu state
n terms of business
centers.
1.2
STATEMENT OF PROBLEM
Being a paid employee now in the country is a very risky
business
because country is a very risky business because of the state
of the Nigeria economic which is not stable.
This has motivated both government (Federal, stage, and local
governments.) as well as individuals to focus their interest on business
centers development. At least, it will
solve the problem of unemployment for the owner and create some employment
opportunities for others.
But to their
dismay, the venture, which they thought to be a profit one seem not to break
even probably because of lack of financial and administrative acumen.
Oshogbemi,
(1979) maintained that the enthusiasm not-with-standing, only very few
individuals succeed in establishing their own business centers. This shows that the dynamics role of business
centers in our national economic progress and the motivation of entrepreneurs
are not being realized.
Realizing the
prospects of business centre development to any developing nation such as ours,
the fundamental quest that arises is how can the dynamic role of this
sub-sector be more effectively and economically enhance?
It is
therefore important to create serious awareness among the people with more
emphasis on business centers as best alternative trade.
Most
importantly, there is need to find the possible fctors militing against the
sectors developments, thus the need for research on this subject as this.
1.3 Purpose of the
study
Therefore,
this research work is designed to find out the following:
a.
Whether lack of capital outlay inhibit the establishment of business
centre.
b. To
know the effect government policies have on establishment business centers.
c. To know if lack of raw materials is one
of the problems
d. To
know if land as one of the major factors
in establishing of industry discourages people to set up business centers.
e. To
know if lack of machineries and equipment is one of the problems
Another aim of this study is to identify the core problems
that hinder people from establishing their own business centre in Awgu local
government area of Enugu state . Also,
how the result of this will benefit the people who own the business centers.
How it can also
benefit the entire Enugu and more so, those who manage the business or about to
engage in one
1.3 Scope of
study:
This research project cover the problem, of establishing
business centers
with particular reference to at least ten (10) business
centers in Awgu and its satellites towns
of Awgu town, Mgbowo, Mmaku, Agbogugu,
Ihe, Owelli-Court, Ugbo, Ogugu, Ituku, and Isu – Awaa.
1.5 Research
Question
To satisfy the inquiring nature of this study the following
questions will be answered.
A. Does
lack of capital outlay inhibit the establishment of business centers?
B. What
effects do government policies have on the establishment of Business centre in
Awgu
C. What
effect does lack of raw materials have on establishment of business centers in
Awgu?
D. What
are the effects of land as one of the Major factors have in establishment of
Business centre?
E. What
effect does lack of machineries/equipment have in establishing Business
centers?
1.7
Significance of the study:
Business centre ownership is the shortest route to the
acquisition of
capital and of course participation and contribution towards
the economic, social, political and industrial growth of any nation-Enugu state
in particular.
This research
will enable any person who may read it to appreciate what business centre are,
benefit of it, the expected problem a entrant may encounter and finally,
proffering possible solutions to the problems.
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