AN APPRAISAL OF ENTREPRENEURSHIP EFFECTIVENESS IN SMALL SCALE ENTERPRISES A KEY TO AN INDUSTRIALIZATION (A CASE STUDY OF GOLDEN TOAST FAST FOODS RANGERS AVENUE ENUGU)
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AN
APPRAISAL OF ENTREPRENEURSHIP EFFECTIVENESS IN SMALL SCALE ENTERPRISES A KEY TO
AN INDUSTRIALIZATION
(A
CASE STUDY OF GOLDEN TOAST FAST FOODS RANGERS AVENUE ENUGU)
ABSTRACT
The roles that small-scale enterprises
play in the growth of an economy cannot be over
emphasized. This is why government,
organization and individuals have placed great premium to its development. Most
big business today and the world over started as a small-scale enterprise. The
industrial development interested in America and south-East Asian countries can
be traced to numerous small-scale enterprises. Their careful studies and
investigations have revealed that in the United State, only 1/10 of 10% of the
total firms in the economy employ more than 2,500 workers. The study
also showed that 89% of the total firm employs less than 100 employees.
Nigerians slide to industrialize is strongly dependent on effectiveness of the
growing small-scale industries with particular reference to Golden Toast Fast
Foods situated in Enugu. In as much as regard to our country the continuous
ineffectiveness of our small-scale enterprises have promote the reason for this
work. This research works is therefore an attempt to look into key and
embodying factors in small scale enterprises effectiveness. Small-scale
industries play a very vital role in our economy. Apart from offering jobs to
our teaming, unemployed youths, it has really boosted the industrial sector of
our economy presently these are numerous types of small-scale enterprises
ranging from fast food retailing business to departmental stores. Most of them
are doing very well, among these small scale enterprise which attracted the
researcher is Golden Toast Fast Foods. Golden Toast Fast Food has been doing
very tremendously well in terms of its quality customer services turn-over and
over all effectiveness. It is therefore, the concern of this study to
investigate sources of those positives achievements. Why do people prefer it to
other competing fast food like Crunches, Appetizing, Mac Donald and
Celebrities? The study will also investigate problems facing the enterprises
and suggests possible solutions to those problems. We can see that our research
problem is reflecting a phenomenon that is positively because Golden Toast Fast
Food is well moving.
TABLE OF CONTENTS
CHAPTER ONE
1.1
Background of the
study
1.2
Statement of the
Problem
1.3
Purpose of the
study
1.4
Scope and Delimitation of the
Study
1.5
Research
Questions/hypothesis
1.6
Significance of the
study
1.7
Definition of important
terms
CHAPTER
TWO
2.0 Literature Review
2.1 Characteristics
of Small Scale
Enterprises
2.2 Importance of
small scale
enterprise
2.3 Causes of failure
of small scale
enterprises
2.4
Factors to be considered in setting small-scale enterprises
2.5
Method of Financing Small Scale Industries
CHAPTER
THREE
3.1
Research Designed and
Methodology
3.2
Research Design
3.3
Area of
study
3.4
Population of the
study
3.5
Sampling and Sampling
Techniques
3.6
Instruction for Data
Collection
3.7
Validity of the
Instrument
3.8
Reliability of the
Instrument
3.9
Method Of Data
Collection
3.10
Method of Data
Analysis
Chapter Four
4.0 Data Presentation
and
Analysis
4.1 Data Presentation
4.2 Test of
Hypothesis
4.3 Summary of
Results
Chapter Five
5.0 Discussion
Recommendation and conclusions
5.1
Discussion of
Findings
5.2
Discussion of Findings
5.3
Implication of the Research
Findings
5.4
Conclusions
5.4 Suggestion for Further
Studies
5.5
Recommendations
5.6 Limitation of Study
References
Appendix
CHAPTER ONE
INTRODUCTION
1.1
BACKGROUND OF THE STUDY
The role that small
scale enterprise plays in the growth of an economy cannot be over emphasized.
This is why government, organization and individuals have placed great premium
to its development. Most bug business today and the world over started as small
scale enterprises.
The industrial development interested in America and South-East Asian countries
can be traced to numerous small scale enterprises. Their carefully studies and
investigations have revealed that in United State, only 1/10 of 10% of the
total firms in the economy employ more than 2,500 workers.
The study also showed that 89% of the total firms employed less than 100
employees.
Nigerian’s slide to industrialized in strongly dependent of effectiveness of
the growing small scale industries with particular references to Golden Toast
Fast Food situated in Enugu state.
This research work is therefore an attempt to look into key and embodying
factor in effectiveness of small-scale enterprises effectiveness.
1.2
STATEMENT OF PROBLEM
Small scale
industries play vital role in our economy. Apart from offering jobs to our
teaming unemployed youths, it is has really boosted the industrial sector of
our economy presently these are numerous types of small scale enterprise
ranging from fast food retailing business to departmental stores. Most of them
are doing very well.
Among these small-scale enterprises which attracted the researcher Golden
Toast Fast Food. Golden Toast Fas Food has been doing very tremendously well in
terms of its quality, customers services, turn-over and over all effectiveness.
It is therefore, the concern of this study to investigate the sources of these
positive achievement.
Why do people prefer it to other competing fast food like Crunches, Appetizing
Mac Donald and Celebrities? The study will also investigate problems facing the
enterprises and suggest possible solution to those problem.
1.3
PURPOSE OF THE STUDY
1.
To
appraise entrepreneual effectiveness in small
2.
scale enterprise.
3.
To investigate the curses of success of Golden Toast Fast Food.
4.
To find out problems facing small scale enterprises.
5.
To search out solution to the problems facing effective management if small
scale industries in Enugu.
6. To
investigate the extent of government assistance to small scale enterprises
7. To
know why Golden Toast Fast Food is seen as one of the best competing Fast Food
in Enugu.
8. To
verify the situation of our small scale and how they operating.
9. To
accord appreciation to various small scale enterprise in other to ensure
entrepreneurship.
1.5
RESEARCH QUESTION
1.
What is the extent of entrepreneur effectiveness in Golden Toast Fast Food
enterprise?
2.
How the profitability of Golden Toast Fast Food increased over the years?
3.
What is the extent and Caliber of customers that patronizing Golden Toast Fast
Food?
4.
Is entrepreneurship effectiveness the reason for success story achieved by the
enterprise?
5.
Finally, the above questions, is how the research questions are restricted.
1.6
SIGNIFICANCE OF THE STUDY
The
rationales for this study cannot be over-emphasized. It shall go a long way
towards enhancing the educational professionals and private needs of the
society. Students are likely to benefit first as it shall open up new areas of
study towards entrepreneurs in small-scale enterprises. Professional of
industrials sector shall be at least with the finds of the study which will
help them increase their productivity. The study shall help produce capable
entrepreneurship who shall mean our small scale enterprises since this study
shall highlight circumstances for effectiveness the work is bound to create and
stimulate self-employment among our youths and punctual graduates, induce
small-scale entrepreneur growth as well as promote productivity in our
small-scale enterprises, thereby leading to the country’s industrial
development sooner than later.
1.7
DEFENITION OF IMPORTANT TERMS
1.
Appraisal: This means to make judgment of the value, performance or
nature of something or somebody. In order words I can say that appraisal means
to assess something or estimate some issues or worth likehood of assessment and
quantity value.
2.
Entrepreneur: An entrepreneur is a person that is able to use innovative
ideas, dreams and concept to produce economic opportunities, organize and
manage availability resources , while undertaking possible risks and at a
profit. He also can be a person who plan and manage a business, which can
undertaker or enterprise of entrepreneual personality and financial commitment
and he assume all risk in the business. Finally, he is reward for effectiveness
optional profit.
3.
Entrepreneurship: This is about creating and putting the ideas creative
into effect through the use of available resources. For a venture to quickly
make impact and succeed the entrepreneur should be able to develop an entirely
new business concept which has never been done before specially in his business
environment or device ways to create something relatively new from old concept.
This is called modifacating for example, making old wine and putting it in a
new form of bottle. In order words it can be called a skill, the process and
the act of assuming an entrepreneur. It also a way of introducing new ideas in
response to one situation of simple creative innovations.
4.
Effectiveness: This is ability of producing the intended or actual
result, being efficacious and efficient.
5.
Entrepreneurship Effectiveness: entrepreneurship effectiveness is a
situation in which ventures are backed with adequate analysis of entrepreneual
personality towards a business thereby making a desirable profit equity.
6.
Appraisal of Entrepreneurship Effectiveness: This is to make judgment of
the performance of entrepreneurs ability to produce actual result.
7.
Small-Scale Enterprise: Small scale enterprise are that which has an
independent management, owner supplied capital mainly, local area of operation
are relative small with the enterprise. Small scale enterprise are
generally low in terms of number of person employed and in the amount
of investment and annual business turn-over infact, a small scale
enterprises seem less systemized and formalized that what can reasonably appear
as a medium or large scale enterprises.
8.
Appraisal of Entrepreneurship Effectiveness In Small-Scale
Enterprises: This is
to make a judgment of his performance of entrepreneur ability to produce actual
result in small scale enterprises.
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