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AN EVALUATION OF
WORKING CAPITAL FOR THE SUCCESSFUL MANAGEMENT OF HAMDALA HOTEL, KADUNA
Chapter one
Introduction
A firm usually evaluates its working capital management
whether small or medium. The sole motive of every business is to make profit.
Many organization can be seen to have bee forced out of
business simply because of inadequate or excessive management of working
capital.
This could be as a result of overtrading, under trading, lack
of a careful appraisal of the procedure of organization of business and
probably due to future to review the effectiveness or other wise of existing
system of control.
In this chapter, the concept and general principle of working
capital in relation to choosing organization of study, there is no company
required, but it is an obvious fact that its current assets are insufficient to
meet current liabilities, that is there is no working capital. The organization
will be unable to satisfy the requirement of its customers and will not be in a
position to settle its debts as they arias and will be at the mercy of
creditors who might enforce its liquidity.
1.1 background of
the study
Kaduna Hotels company limited (Hamdala Hotel) Kaduna, the
only premier Hotel in the north and one of the three in the whole name is a
wholly owned subsidiary of new Nigeria development company (NNDC) and by
extension the government of the nineteen (19) northern states.
The hotel became fully operational in the year 1963. From the
in caption of the hotel to the year 1998, the hotel developed to company
limited, this makes Hamdala autonomous and is headed by a managing director
along with a team of management staff. The Hotel has a total of seventy eight
(78) skillful and trained personnel both senior and junior.
Hamdala Hotel has over the year built a good image for itself
due to good facilities and services delivery.
1.2 statement of
the problem
it appears that some company (s) have the problem of managing
their working capital. This has resulted to the poor capital. This has resulted
to the poor working capital in many organization. Hence, it is because of this phenomenon that this
study tries to examine the evaluation of working capital for the successful
management of Hamdala Hotel
1.3 objectives of
the study
The objective of the study are as follows:
1. To examine the
problems of working capital management of the orgnaizatiopn.
2. To examine how
working capital would be managed.
3. To ascertain it
working capital management capable of solving the problem of the organization.
4. To highlight how
the problem could be evaluated and managed within a well structured framework.
1.4 Significance
of the study
The researcher work would be of great benefit to the
researcher as part of the fulfillment of the requirement of the award of Higher
National Diploma in Business Administration and Management. Also managers,
working capital administrators, government and students would benefit as it
provides and impetus for future study on effective working capital management
For greater productivity in organization the researcher also
highlight the attendant consequences of poor capital management on productivity
and the way forward ion achieving optimum result.
1.5 Research
question
1. What is the problem
of working capital for the successful management of an organization.
2. How working capital
would be managed.
3. Does effective
working capital solve the problem of a
company.
4. How the problem of
working capital would be solved.
5. What is the
prospect of working capital of enterprises in Nigeria.
1.6 Scope of the
study
The researcher study will primarily focus on the problems of
working capital management of Hamdala
Hotel Kaduna, Kaduna North Local Government Council. The researcher is
constrained by certain factors which prevent the exhaustive discussion of the
research topic, such factors includes;
i. Inability
to lay hands on proper document because such or some of the documents were
tagged confidential that is, going through them might be an intuition in their
privacy.
ii.
Unavailability of funds hinders the ability to go deep into the research
work.
iii. Inability
to have physical interaction with the manager of the company.
iv. Most
impartiality, most publication may not present the actual state of affair
thereby, giving misleading information to any researcher that come across such publication.
1.7 Limitation of
the study
There are some basic problems and hardship that were
encountered in the process of collecting the data. Lack of disclosure of some
vital information to the researcher hampered the study in no small measure.
Strict adherence was served on some of the study and all information supplied
in the conduct of the study were kept confidential.
Time factors, semester work load and financial constraints
also proof great problem to the researcher.
1.8 Definition of
terms
This segment will be use to define various terminologies used
in this research.
Working capital: Is a financial metric which recusants the
amount of days by day operating liquidity available to the business.
Evaluation: Is the systematic acquisition and assessment of
inflammation to provide useful feedback about some object.
Working capital Management: Involves the relationship between
firms short term assets and its short term liabilities.
Success: Success can be defined as the gaining of what is
aimed at or can be defined as the achievement of desired goals and objective.
Management: Management can be defined as the coordination of
all the resources of the organization through the process of planning,
organizing, directing and controlling towards achieving the organizational
goals and objective.
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