Get the complete project »
- The Complete Research Material is averagely 78 pages long and it is in Ms Word Format, it has 1-5 Chapters.
- Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
- Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
- Full Access Fee: ₦4,000
1.0 BACKGROUND OF THE STUDY
There exist lots and lots of business ventures that are run by individuals, group of people or
association, firms, industries and government with the aim of maximizing profits. They
range from small scale to medium and large firms. In the Nigerian economy the small scale
enterprises are the most common form of business. The aim of any economy (either
industrialized or non industrialized) depends largely on how well organised the small and
medium scale enterprises are (for instance if we look at the standard of practices of small-
scale industries in the economically developed Countries). The small enterprises in Nigeria seem too stagnant, less adventurous than developed countries because the successive
governments have not appreciated their significance to the national economy.
Firstly, most of the small businesses are es
companies sole proprietorship business venture.
Small firms play critical roles in providing job opportunities, nurturing a culture of entrepreneurship and opening up new business opportunities. They are recognised and acknowledged worldwide as vital and significant contributors to the economic development, introduction and diffusion of new technology, ability in generating potential entrepreneurs and skilled workers for the industrialization process both nationally and internationally (Ch ng Hakng Zephkee-Yun &1986:25)Cha.
Small and Medium-Scale enterprises development can encourage the process of both inter-and intra- regional decentralization; and they may well countervail economic power of larger enterprises.
More generally, the development of SME s is seen as accelerating economic objectives, including poverty alleviation (cook & Nixson, 2000).
Small and Medium enterprises are new and growing business which (for any number of reasons) do not grow beyond a certain size (Thomson & Martin 2005). The Nigerian Bureau of Statistics (NBS) consider firms with fewer than ten employees as small -scale enterprises and their counterparts with more than ten employees as medium and large sized enterprises. The GSS in its national accounts considered companies with up to 9 employees as SMEs. (kayanula & Quartey 2000).
SME s accountforsignificant share of the economic activity in Nigeria and can play an important role in achieving the Millennium Development Goals (MDGs). The long term
goals is for SME s to maximize their contr development with respect to production, income distribution and employment and the closer
integration of women and people in rural areas within the national economy (NBSS, 1981).
One of the significant characteristics of flourishing and growing economy is booming small and medium enterprises (SMEs).
Small and Medium enterprises play an important role in the development of Nigeria in various ways by creating employment for rural and urban growing labour force, providing desirable sustainability and innovation in the economy as a whole.
The small and medium scale enterprises have obvious advantage for a developing country like Nigeria because it provides the means of entry for new entrepreneurial talent.
Small and medium scale business sector serve as a seed bed from which new large companies will grow but lack of managerial know-how places significant constrains on SMEs development. Even though SMEs tend to attract motivated managers, they can hardly compete with large firms.
The scarcity of management talent, prevalent in most countries in the region, has significant
impact on SME s (ParkerThelack ofetsupportal,services1995)ortheirrelatively. higher
unit cost caneffort hampertoimprovetheir managementSME s of working capital (ibid). In
view of their sizes and complexities of their operations, most small and medium scale enterprises fail to keep proper records of financial activities which affect their working capital. This has taxation, credit management and security implication. The lack of proper business records makes most small and medium scale businesses become practically constrained in managing their working capital very well.
1.1 STATEMENT OF THE PROBLEM
Working capital management is poorly understood by most small and medium scale enterprises in many parts of the developing world of which Nigeria is one.
The dynamic role of small andindevelopingmediumcountries scale have been identified as the means through which rapid industrialization and other development goals of these countries can be realized.
Many small and medium scale enterprises whic
You either get what you want or your money back. T&C Apply
You can find more project topics easily, just search
SIMILAR BUSINESS ADMINISTRATION FINAL YEAR PROJECT RESEARCH TOPICS
» Abstract The study examine the application of management by objective (MBO) on organizational efficiency: a study of Ebonyi State Ministry of Works an...Continue Reading »
2. THE ROLE OF E-PAYMENT SYSTEM IN TACKLING CORRUPTION IN NIGERIAN PUBLIC SERVICE: A STUDY OF INTEGRATED PAYROLL AND PERSONNEL INFORMATION SYSTEM (2007...» ABSTRACT The main focus of any Public Establishment in Nigeria has been to provide quality service to the public devoid of corruption, at faster rate ...Continue Reading »
3. THE IMPACT OF CORPORATE SOCIAL RESPONSIBILITY ON THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF DANGOTE PLC ASABA)» CHAPTER ONE INTRODUCTION 1.1. BACKGROUND OF THE STUDY Corporate social responsibility is one vital aspect of any business. However, this is one area w...Continue Reading »
4. PROCEDURE, PROBLEM AND PROSPECTS OF PERSONAL INCOME TAX ADMINISTRATION IN NIGERIA. (A CASE STUDY OF OYO STATE BOARD OF INTERNAL REVENUE)» ABSTRACT This aim of this project is to know the procedure, problem and prospect of personal income tax administration in Nigeria and also to know whe...Continue Reading »
5. ANALYSIS OF AUDIT PROCEDURE IN A PUBLIC SECTOR ORGANIZATION (A CASE STUDY OF KADUNA STATE WATER BOARD)» CHAPTER ONEINTRODUCTION 1.1 BACKGROUND TO THE STUDYAs it will be practically impossible to talk of a building without a foundation, so also it will be...Continue Reading »
» ABSTRACT This research was embarked upon to gain institute into growth of indigenous firms in Nigeria. This is specifically an attempt to investigate ...Continue Reading »
» CHAPTER ONEINTRODUCTION1.1 BACKGROUND TO THE STUDYThe desire of every patriotic citizen of Nigeria is to have a sound and buoyant economy. One way of ...Continue Reading »
8. ENTREPRENEURIAL SKILLS REQUIRED BY AGRICULTURAL EDUCATION STUDENTS FOR ENTRY INTO OIL PALM PRODUCTION ENTERPRISE IN EBONYI STATE» CHAPTER ONE INTRODUCTION Background of the Study Oil palm production has various enterprises that require activities of an entrepreneur. An entreprene...Continue Reading »
» CHAPTER ONE INTRODUCTION 1.1 Background of the study The importance of human resources in an organization cannot be over emphasized. Every organizatio...Continue Reading »
10. IMPACT OF INFORMATION AND COMMUNICATION TECHNOLOGY ON THE OPERATIONAL PERFORMANCE OF FINANCIAL INSTITUTIONS: (A STUDY OF SOME SELECTED DEPOSIT MONEY ...» ABSTRACT The increased demand for information and communication technology (ICT) in banking sector became imminent and unavoidable in the world at lar...Continue Reading »