ATTENTION:
BEFORE YOU READ THE
PROJECT WORK, PLEASE READ THE INFORMATION BELOW. THANK YOU!
TO GET THE FULL
PROJECT FOR THE TOPIC BELOW PLEASE CALL:
08068231953,
08168759420
TO GET MORE PROJECT
TOPICS IN YOUR DEPARTMENT, PLEASE VISIT:
THE PRACTICES OF BUSINESS ETHICS AMONGST
OGBETE MAIN MARKET TRADERS ASSOCIATION
TABLE OF
CONTENTS
CHAPTER ONE
INTRIDUCTION
1.1
GENERAL
BACKGROUND OF THE SUBJECT MATTER
1.2
PROBLEM
(S) OF STUDY
1.3
IMPROTANCE
OF STUDYING THE AREA
1.4
DIFINTION
OF IMPORTANT TERMS
1.5
CHAPTER
REFERENCE (USING APA METHOD)
CHAPTER TWO
LITERATURE REVIWE
2.1
THE
ORIGIN OF THE SUBJECT
2.2
SCHOOL OF
TEOUGHT WITHIN THE SUBJECT ARREA
2.3
SCHOOL OF
THOUGHT RELEVANT TO THE PROBLEMOF STUDY
2.4
DIFFERENT
METHOD OF STUDYING THE PROBLEM
2.5
SUMMARY
2.6
REFERENCE
CHAPTER THREE
CONCLUSION
3.1
DATA
PRESENTATION
3.2
ANALYSIS
OF THE DATA
3.3
RECOMMENDATION
3.4
CONCLUSION
3.5
REFERENCE
CHAPTER ONE
INTRODUCTION
1.1
THE
GENERAL BACKGROUND OF THE STUDY:
Market
Trading Association comes into being in Nigeria between the late 1960s and 70s
during this period the country had what is called “Organized Trading or
Selling”. The purpose for the formation of these trading organizations was to
ensure a fair and equitable dealing between members and customer. To support
and help members during time of crises.
To get
amenities from the government and to check arbitrary increase in price, and
sale of poor quality fake product.
However,
the Ogbete Main Market Traders Association (OMMTA) was formed and registered in
1974. The head office or secretariat is located at block P1 Ogbete Main
Market Enugu.
The component
of OMMTA includes: The Old Motor Park, the Rail-Line, the public toilet between
Mgbemena Street and commodity section.
In other
hands, the Association -OMMTA has smaller association that function as a unit.
And this smaller association is divided into four major commodity zone, which
derive its name from the type of commodity deal on. The membership is open to
all commodity zone, any member is free to belong to the association. Membership
can be refused based on rules.
Furthermore,
the office or position available in this association includes: the
president, the Vice President, Secretary, and assistant, financial
secretary, assistant financial secretary, P.R.O., Provost, circular bearer,
Patrons, Legal adviser etc.
Currently, the president of
the Association- OMMTA is chief O.C. Peters Okorye.
THE AIMS
AND OBJECTIVE OF THE ASSOCIATION INCLUDES:
To engender and foster the spirit
f love, oneness and brotherliness among members.
To
encourage and promote the interest and well-being of the members
To
promote generally the moral, social, commercial and educational well-being of
the members,
To
mediate between traders and the government on issue effecting them.
To
collect and disseminate information on commercial and industrial matters among
member and to promote legislation in the interest of the member.
On the
contrary, any member who vayoilet any of these rules and regulation could
receive any of the following punishment, payment information fines, loss of
memberships, prosecution, legal action etc.
The rules
includes; sell of take and adulterated goods and service, stealing, fraud,
embezzlement fighting, subversive activities, cheating of member or
customers, etc.
1.2
PROBLEM(S)
OF STUDY
On a
daily bases, careers are required as business people as required by law.
So much of this is necessary, the result of ignorance and certain altitude
toward the law.
Unethical
behaviour has been condemned many people who see it as little more than
swindles and thieves. Even today, many trade press customers, government and
the general public critics this subject.
Ethical practices requires great
resources:
Human,
material, financial but on the long run, its result out weight this cost. The
customer relation is one of the major problem of study in this subject. In
recent times, there has been an increased interest in ethical issue in the
country. Especially as it concerns market trading association or unions market
trading association have been accused of conniving within theme to increase
prices of goods and services arbitrarily, even when the increase may not be
necessary. Apart from arbitrary increase prices, they also collude within them
to fix prices without any bases which each member must charge for his goods or
services and this may not be in the interest and well being of the customers.
Market
trading association have also been accused of creating artificial scarcity of
goods and services, when in actual fact, this may not be the case. They create
artificial scarcity either by a outright hoarding of goods and services or
by determining which commodity zone should sell on a particular
deny and the quantity to be sold each day.
International
cheating of customers, embezzlement and fraud are no longer under check by
market trading association. People who are involved in fraud, especially the
advance fee fraud popularly known as “419” are given recognition these days.
There has
been also noticeable increase in the sale of take and adulterated goods and
services, most especially, drugs and food products. Fighting and stealing
within our market plaintiffs ales are no new things.
All these
have not been adequately addressed to by market trading associations, and have
accumulated to the point where any one can hardly be trusted. And this is not
good for the business people and trading association in particular.
With all these problems arising
in the recent time, the importance of code of ethics and its adherence by
trading association can not be over emphasized.
1.3
IMPROVING
ON BUSINESS ETHICS
Since the
early 1950s, the most popular orientation or philosophy that has pervaded
thought and motivated decisions and actions among business people is the
marketing concept. This managerial focus is of the vie w that the major task of
business is the identification of consumers’ needs and want and the development
of product that will help to satisfy the needs effectively and efficiently
simply put, according to this concept, the satisfaction of the consumer is the
overindulge goal of business. This put the consumer in the position as king in
marketing activities the marketing concept led to the adoption of the concept
of sales morality in sales management.
Sales
morality focuses on the consumers’ interest rather than those of the salesmen
and organization. A sale that does not benefit the customer will end up being a
“one time” business be cause a customer which was once deceived will be more
careful next time the salesmen is around.
The
inadequacies of the marketing concept of the marketing concept point to the
need f or business people to broaden their views. The satisfaction of the
consumer and encompasses the social costs and post consumption effects of
products.
In order
words, market has to be true and satisfy consumers in a holistic manner as well
as ensuring the welfare of the society. Where market/business fails to
protect their consumers, the results are consumerism. This means that consumer
will do anything to protect themselves against injustice of business people.
Government can also do the same by means of formulating policy, law or
decree to regulate the activities of the business people.
1.4
IMPORTANCE
OF THE STUDY AREA
The
importance and benefits of business ethics can never be down played the
consumers would be among the first group that would gain from the benefit of
this research. For the consumers, the rampant cases of health hazard/problems
would be drastically reduced, which most of the time are as a result of intake
of take and adulterated, expired products. The arbitrary increase in price of
goods and services and artificial scarcity of goods and services due to
hoarding, will no longer be experienced by consumers there would be
mutual trust between the individual traders and customer and reeducation in general
dissatisfaction.
On its
part, market trading association will benefit immensely from the investigation,
as there would be less government interventions with policies, edicts, and law
which may not be in their interests.
The
ordinary trader in the market place would also gain from the study. There
would be repeat purchase for the trader’s goods and service, customer loyalty,
which will lead to increase in sales, profit and growth, and most importantly
attainment of ultimate objectives.
The
government and the general public would not be left out from the benefit of the
project consumerism; the peaceful or violent demonstration by consumers would
no longer be noticed. The atmosphere would generally peaceful, the environment
clean, and there would be a substantial growth in the nation’s economy which is
the over-riding goal of any government.
1.5
DEFINITION
OF THERMS
BUSINESS
Business consists of all legal
actives aimed at providing goods and services for human satisfaction at a
profit. It is all the legitimate transaction between people in ether to benefit
one another.
ETHICS
Ethics is the moral or standard
of behaviour. It is the right or wrong action of individual or Organizations.
MARKET
Market is the set of actual or
potential buyers of a product. Market is also a place where buyers and sellers
of product gather to exchange their tittered values.
ORGANIZATION:
Organization
is an entity which stands for a group of people working in a concerted or
co-ordinated effort in order to attain objectives.
AFFILIATE LINKS:
Comments
Post a Comment