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.