BACKGROUND OF THE STUDY
It has been noticed that failure among small scale industries are caused by management inefficiency. The major difficult facing small scale industries is bad management. Only few of business owners will admit that they are bad managers, their assumption about their failure always are poor location . excessive competition, inadequate scales and some claimed that external economic condition were the cause of operation’s collapse. Yet, others pointed the fingers of blame for the operation’s downfall handful of it’s key managers. In reality, there were great may who should have received the blame, many specific causes were cited to explain why failure in small scale industries occurred. But, to the astute observers, one underlying causing of the operation collapse stood out poor management.
Poor management is the root of cause most of the operating problem of small scale industries. A keen observation revealed clearly that sound management practices were lacking. Long range goals and plans, for instance, were practically non – existent labour relations were bad. On numerous occasion the employees pilfered from the industry or used it supplies and resources inappropriately or for personal benefit.
Many of those responsible for the operations various departments were in competent in their respective technical fields, may were not. however, little or no concern was raised either about those who were ill prepared or those who performance were not value as much as loyality to the industry and it’s managers leaders.
In the past, economic conditions were such that small scale industries makes heavy profit, as demand for it’s product was strong. But, over the years the world and industry became increasingly complex. Thus more effective and efficient methods of fore casting planning, coordinating activating and controlling were needed to combine the demands of productive enterprise. In thus operation, they were ignored. The one (sometimes exclusive) ingredient that is absolutely essential, the factors that brings money, materials equipment and people together than the sum of the past –namely sound management was missing.
The proper blending of those management function passes the ability of finding immediate solution to any management problem encourted in a small scale industries.
How to get complete project materials
Step 1: make payment of N3000 to any of the bank below
NAME: TITUS AYANI SOLA
BANK: FIRST BANK PLC
ACCT NO: 3111741042
ACCOUNT TYPE: SAVINGS
NAME: TITUS AYANI SOLA
BANK: WEMA BANK
ACCT NO: 0237422220