CAUSES OF BUSINESS SUCCESS AND FAILURE IN NIGERIA ECONOMY (A CASE STUDY OF NIGERIA MINERAL WATER ONITSHA)
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CAUSES OF BUSINESS
SUCCESS AND FAILURE
IN
NIGERIA ECONOMY
(A CASE STUDY OF
NIGERIA MINERAL WATER ONITSHA)
ABSTRACT
Many business today always have the
chance of success or failure, success and failure may result as proper
management or mismanagement of any organization static or managers. This
project work is focus on the causes or business success and failure in Nigeria
economy, “A case study of Nigeria Mineral Water Industries Limited Limca Road
Private Mail Sap Onitsha. Chapter one, dealt with the definition of problem
Limica are having. Chapter two reviews some literature that have direct bearing
on the topic, with a view of giving the work a proper background. Chapter three
dealt with the type of instrument for collection of data includes the use of
questionnaire and oral discussion. The method of data analysis were also
discussed. Chapter four of this work dealt with the analysis of the
data collected and the result of these analysis one then used in testing the
hypothesis, while chapter five of this work posited some recommendations
TABLE OF CONTENT
Chapter One
1.0 introduction
1.1
Background
of the study
1.2
Statement
of the
study
1.3
Purpose
of the study
1.4
Research
Question
1.5
Research
Hypothesis
1.6
Significance
of the Study
1.7
Scope
of the study
References
Chapter Two
Review of Related Literature
2.1
Organization
and its Basic
Elements
2.2
The
Role of Management in Organization
2.3
Management
and Organization
2.4
Domain
and Structure
2.5
Business
Function Respond to Growth
Reference
Chapter Three
Research Design and Methodology
3.1
Research
Design
3.2
Area
of the
Study
3.3
Population
of the
study
3.4
Sample
and Sampling
Procedure
3.5
Determination
of Sample Size
3.6
Instrument
of Data Collection
3.7
Validation
of the
Instrument
3.8
Reliability
of the Instrument
3.9
Method
of Data
Collection
3.10 Method
of Data Analysis
Chapter Four
Data Presentation and Analysis
4.1
Presentational
and Analysis of Data
4.2
Test
of Hypothesis
4.3
Summary
of Result
Reference
Chapter Five
Discussion, recommendation and
conclusion
5.1
Summary
of the Findings
5.2
Conclusion
5.3
Implication(s)
of the Research
Finding
5.4
Recommendations
5.5
Suggestion
for Further Research
Bibliography
Questionnaire
LIST OF TABLES
4.1: Interview Question Part 1
4.2: Observation about
Limca, Painting Soda
4.3:
The Numbers of Male and Female in the Limca Company
4.4:
The age of the Respondent Education Qualification
4.5:
Marital Status
4.6:
Net Income Per Month
CHAPTER ONE
INTRODUCTION
1.1
BACKGROUND
OF THE STUDY
Business management
or management generally is a function of executive leadership. It is primarily
a mental avidity combined with the work of panning, organizing and controlling
for the activities of an organization for the accomplishment of certain designated
objectives.
The understanding of
the basic problems of an organizational management from the basis of success or
failure of the organization (business). These basic problems includes peoples,
structure and change management knowledge of cause affect relationship
identities the variables necessary to achieve the desire outcome eg. Generally,
workers out put (desired effect is based on salary paid (cause) .
They interact which
goods are sold, product manufactured, work co-ordinate, budgets and plans are
converted. More congruent behaviour and interaction are within the
organizations purpose and task, the more effective the organization purpose and
task, the more effective the organizational will be achieving its performance
goals.
Researcher expenses
point that when process is consciously examined and managed or organizational
members-they perceive improvements in he quality of decision improvement in the
quality of decision coordination and effectiveness. Clearly of goals and strategy,
improvement and motivation and satisfaction among other processes and outcomes.
The present research project is aimed of investigating how far these processes
apply to the success or failure in Nigeria economy especially the success story
of Nigeria mineral waters ltd (hence) Onitsha.
BRIEF HISTORY OF THE
COUNTRY UNDER STUDY
The Nigeria mineral
water industry (Limca) the makers of hold sport, Pale Sode, Tim and Poani water
etc. Onitsha was established in October, 1988 and had two major share holders namely
coca cola Nigeria limited who produces the concentrate, bottles, plastics in
other words referred to as raw materials and produce the minerals and in turn
sell it. In marketing statement the coca coal owns the franchise to produce the
mineral while the Indians owns the trademark.
The coca cola Nigeria
limited owns fifty percent share while the Indians also owns fifty percent
share. The average daily production is six thousand cases while the daily sales
is between an average of four to five thousand case per day. Their staff
strength for junior staff is one hundred while senior staff is eight. They have
four sales trucks covering the basic territory and seen trucks covering
depots.
1.2
STATEMENT
OF PROBLEM
Problems why limca is
not matching up with others. The problem been experienced by this company could
be as a result of not meeting up in terms of challenges of the modern term most
companies have really attract their customers, improve in the quality of their
product, implying the best in terms of marketing management really advertise
their product, put in enough finance in terms of advert, gift items, which
varies in terms of cash, C. C. D cap fan, T.V. etc. This are market strategies
which they device as against other companies, this also is not only due
annually but a continue ones which means is done from time to time, is true
that a lot of funds is involved, but the end part or returns is very fat. Most
companies are scared because of funds, and even when they do may not be able to
make it a continues one, so when it seems their really meeting up, in no time
you see them fading out, in the competition. Another is the quality of product,
been giving to public or been expected from this company from the public. The
company may really be scared of giving out this required quality due to the
fact that when this is done, the price o the said product may increased and may
not actually fit in, in the competitive market. Even when this is done once you
may notice, it may not be regular, and you see them fading out in no time. So
in terms of running such company also e in place to boost production
efficiency, they should look into employing good managers, and sales. The
company should also employ co-operate strategies which they were good in, when
the company started in 1986. All this are problems which makes it hard for this
company to really meet up with the challenges of N.B.C.
1.3
PURPOSE
OF THE STUDY
The objective of the
study include the following
1.
To
identity if poor management contribute to product failure.
2.
To
ascertain if efficient management system helped in goal attainment
organization.
3.
To
determine if worker are motivated to put in the best.
4.
To
ascertain the success and failure of he product in the market.
5.
To
determine whether quality personnel are recruited in the organization.
1.4
RESEARCH
QUESTION
There are some of the
research question the researcher needs to ensure the efficiency of the project
work.
1.
Does
poor management contributed to the product failure.
2.
How
has the efficient management system helped in goal attainment in organization
are workers motivated to put in the best.
3.
How
successful is the product in the market.
4.
Are
quality personnel employed in the organization.
1.5
RESEARCH
HYPOTHESIS
Ho,
The business success is as a result of proper management of the organizational
staff.
Hi,
The business success is not a result of proper management of the organizational
staff.
Ho,
Lack of money has been a most cause of business failure in Nigeria.
Hi,
Lack of money is not a cause of business failure in Nigeria.
Ho, Workers are motivated
Hi, Workers are not
motivated
1.6
SIGNIFICANCE
OF THE STUDY
The important and
significance of this study stems from the fact that the survival and success of
any business organization depends on the successful implementation of hits
formulated corporate strategy.
The Nigeria business
environment has continue to charge, technology continue to charge people,
continues to charge their consumption habit and behaviour because of scarcity.
There is needs for managers to aces the task environment for their business
organization in their respective business environment.
1.7
SCOPE
OF THE STUDY
The scope of the
study focused primarily on the managerial strategies, strategy implementation
and management problems encountered by and he predecessors between 1986 and
1997.
The major study of
this research work was wider in scope and it was limited basically on the study
of Nigeria mineral water industries ltd (Limica) Onitsha, Anambra State and her
predecessors.
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