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EFFECTS
OF POOR MANAGEMENT IN PRIVATE OWNED ESTABLISHMENT.
A
CASE STUDY OF POWERFUL LIMITED ENUGU
ENUGU
STATE
ABSTRACT
This
study was to give an insight in the effects of poor management in attempt to
focus on study. There are formulated research question.
(1)
Causes of poor management.
(2)
How effect of poor management affected Powerlux Limited.
(3)
How effects poor management can be prevented.
A questionnaire was constructed and
issued to 16 staff used as sample from Powerlux Limited. The result of the
study indicated that the effect of poor management is very disastrous to the
private sectors as well as the Economy. Following this finding some
implications were lighted upon which recommendations were made on how to reduce
the effects of poor management in the private sectors and the area of study.
TABLE OF CONTENT
CHAPTER
ONE
INTRODUCTION
1.1
Genera background to the subject matter
1.2
Problems associated with the subject matter
1.3
Problems that the study will be concerned with
1.4
The important of studying the area
1.5
Definition of important of studying the area
1.6
Definition of important terms
REFERENCE
CHAPTER
TWO
Literature
review
2.1
The origin of the subject area
2.2
School of thought within the subject area
2.3
School of thought relevant to problem of study
2.4
Different methods of studying the problem
2.5
Summary
2.6
Reference
CHAPTER
THREE
Conclusion
3.1
Data presentation (Highlight of study)
3.2
Analysis of data
3.3
Recommendation
3.4
Conclusion
3.5
References
CHAPTER ONE
INTRODUCTION
1.1
GENERAL BACGROUND TO THE SUBJECT MATTER
All over the world management is known
to be one of the key aspects that has contributed immensely in the development
of any country’s economy.
It is also referred to us the
coordination of the resources of an organization through the corporative
efforts of others in order to achieve a given target or objective. But when any
establishment of economy is unable to coordinate its resources and the
activities of others through the process of planning, organizing, directing and
controlling in order to achieve. Then poor management is in place. Poor
management could also result from inadequate managerial ability. It be the
inability of the management to utilize the scare resources under their control
as well as the inability to apply the required manpower for executing a
particular task.
An establishment or organization could
experience poor management when all the required equipment unable to manage the
scare resources effectively. This is the possibility of ineffective management.
Poor management goes with a lot of uncountable effects which are disastrolls
and spread like a wild fire. No establishment or economy will like to
experience the effect of poor management but nobody can change it especially
when poor management has been unused in an establishment.
In a situation like this no individual
will like to associate such establishment thereby scaring people away and the
work as of such establishment to not stand the chance of being exposed in any
form.
The combination of land capital and
labour are not effectively utilized. The inability to communicate effectively
with the out side world and not being able to complete favourable with
establishment s which leads to the lose of peoples/public interest.
Furthermore, the services renterd are
very poor not to talk of the substandard quality of their products resulting
from absence of training and not applying the modern techniques of management
will only be coming across losses and no profit will be made. The reputation of
the establishment is at stake and no individual will be encouraged to do
business with such establishment because the quality of their services is
behold what is expected and the economy of the country is affected badly.
The inability of the management to
ruminate its workers and pay its dept it dept can as well lead to the end of
the existence of the establishment.
1.2
PROBLEMS ASSOCIATED WITH THE SUBJECT MATTER
It is obvious that the poor management
is caused due to deficiency in the management of an establishment and not being
able to utilize the scare resources and its effects are numerous and they
include:
a
Bad reputation of the establishment.
b
the establishment is less attractive to job seekers.
c
The establishment looses its customers.
d
It stand the chance of being bankrupt and also students the chance of being
closed.
e
It contributes negatively to the economy.
f
The inability of management to enumerate its workers.
g
The inability of management to train its workers and not applying the modern
techniques of management and production.
h
The establishment stands the chance of not making any profit. All these cause
imbalance in the economy of Nation.
1.3
PROBLEMS THAT THE STUDY WILL BE CONCERNED WITH
The main motivating factor of the study
is to examine the effects of poor management in private owned establishment in
the private establishment under study to know whether the effects of poor
management are negative or positive. To determine how the effects of poor
management affect the growth and development of newly establishment and the old
existing ones as well as the skills of the workers and also how to discourage
the effects of poor management.
1.4
THE IMPORTANCE OF STUDYING THE AREA
The study is geared
towards finding out from the research the following whether the effects of poor
management in private owned establishment. A case study of powerful limited is
beneficial or not to identity low it affects the growth and development of an
establishment.
How to tackle and
overcome the effect of poor management.
1.5
DEFINITION OF IMPORTANT TERMS
Management:
The coordination of an organizational resource through the process of planning
organizing directing and controlling in order to achieve the organizational
objective.
SCARCE RESOURCES:
Limited resources objective: a target goal (either long run or short run).
DEVELOPMENT:
Exposure of an establishment to the modern management techniques.
ESTABLISHMENT:
Organization.
MAMPOWER:
Assement of workers available for a particular task.
REMUNERATION:
Payment.
PLANNING:
Establishing organizational goals and a strategy for their achievement.
ORGANIZING:
It deals with the division of work allocation of duties authorities and
responsibility in order to make things happened.
DIRECTING:
Community, centralizing authority and leadership, guiding and supervising
subordinate.
CONTROLLING:
Monitoring to see that plans have been carried out.
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