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:
COMPARATIVE
STUDY OF THE PERFORMANCE OF PUBLIC AND PRIVATE SECTORS ENTERPRISES IN NIGERIA.
ABSTRACT
A comparative
study of performance of public and private sectors enterprises in Nigeria (a
study of selected companies in University of Port Harcourt) was carried out to
improve on their performance. 5 research questions and 4 hypotheses were
formulated; out which 10 (5 public sector and 5 private sector) well-structured
questions were derived personal interview was conducted to gather primary data
from both public and private sector enterprise in University of Port Harcourt.
Arithmetic mean, frequency counts, financial ratio analysis and the test
statistics were used to analyze the data, the following findings are obtained
(1) private sectors performs better than public sector firm (in terms of
profitability growth and social responsibility) private sectors firms are more
efficient in terms management and resource control than public sector and
private sector firms. (1) Management of both enterprises should be based on
political will, and not of self-aggrandizement (2) adequate control mechanism
should be put in place to control waste resources.
TABLE OF CONTENTS
Title Page i
Certification ii
Dedication iii
Acknowledgment iv
Abstract v
Table of Contents vi
CHAPTER
ONE: INTRODUCTION
1.1 Background
of the study 1
1.2 Statement
of the problem 3
1.3 Purpose
of the study 4
1.4 Research
questions 5
1.5 Hypotheses 6
1.6 Significance
of the study 6
1.7 Scope
of the study 7
1.8 Operational
definitions of terms 8
CHAPTER
TWO: REVIEW OF RELATED LITERATURE
2.1 Introduction 10
2.2 The
nature of public and private sector enterprises 10
2.3 Comparison
of public and commercial enterprises 16
2.4.1 Performance evaluation 19
2.4.2 Profitability 30
2.5 Business
growth 32
2.6 Reward
of participation in business 34
2.7 Inter-firm
comparison 35
2.8 Summary
and conclusion 36
CHAPTER
THREE: RESEARCH METHODOLOGY
3.1 Research
methodology 37
3.2 Research
design 37
3.3 Instrument
for data collection 38
3.4 Validate
of instrument 38
3.5 Reliability
of data 39
3.6 Data
analysis procedure 39
CHAPTER FOUR: DATA PRESENTATION,
ANALYSIS AND
DISCUSSION OF FINDINGS
4.1 Data
presentation 40
4.2 Analysis
based on personal interview 41
4.3 Discussion
of findings 58
CHAPTER
FIVE: SUMMARY OF FINDINGS, CONCLUSION
RECOMMENDATIONS
5.1 Summary
of findings 61
5.2 Conclusion 61
5.3 Recommendations 61
References
Appendix-1questionnaire
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
The
studies of public enterprises are sometimes called state enterprises. They are
established by act of parliament constitutionally in a democratic setting, or
by character to oversee it operations in a proprietary form (Okeke, 1994) in a
mixed economy such as Nigeria. Public enterprises are involved in economic
activities undertaken by the state. They form what we normally refer as the
public sector.
Although
some of the state owned or public enterprises are operated on commercial basis,
the intention behind their establishment is for benefit of the members of the
public.
They
are usually established to maximize although in some cases they are expected to
at least break even in the same vein. Private sector enterprises otherwise
called “commercial sector’ are sole proprietors, the partnership and all other
privately owned companies or unregistered which run business with the principal
objective of making profits to the best and interest of the owners whose
capital is used in the operations (Okeke, 1994) although the operator of
commercial enterprises is also overseen by the legislature this type of over
sight is regulatory.
Aluko,
et al, (1998) posited that goal setting is generally intended to guarantee some
minimum level of performance the only way to ensure that effort are being
geared towards goals is to evaluate performance periodically and relate our
measurement to the goals set. Performance measurement is therefore fundamental
to the success of goal.
Setting
because it provides. Feedback about current performance, area of deficiency
identified, and the level of discrepancy between actual and desired performance
an effective performance measurement system is an asset to any organization
research for measurement organization performance/effective are (1)
productivity output (2) goal attainment (3) profitability (4) moral/turnover
absenteeism (5) employee satisfaction (6) employee performance (Gbadamosi,
1998).
Comparison
of selected firms in both public and private sector/enterprise in Rivers State
very often when predicting future performance a very good indicator proves to
be the project the past performance, the ability to analyze past in terms of
economic performance and project the same future, is then, a skill required by
the researcher to proof comparatively the relationship (in terms of
performance) that exist between these two sectors. Many problems may be
overcome through the assistance of inter firm companies more usually attention
is focus on any weakness, which may exist some of these special problem may be
the following (1) is profit adequate (2) how efficient is their marking outfit
(3) how efficient is production.
1.2 STATEMENT OF THE PROBLEM
A lot of criticisms are against public
enterprise or corporation. It is somehow believed that public enterprise or
corporation performance poorly hence there is much prejudice to its existence
decree 25 of 5th July, 1988 (Privatization and commercial of
enterprises wholly or partly owned by the federal military government (now the
federal republic of Nigeria in which commercial enterprises shall operate as
profit making commercial venture and without subventions from the government
federal or state government. Privatization on the other hand means the
relinquishment of part or all of the equity of private enterprises in Nigeria
in high.
Most
commercial venture in Nigeria fall than succeeding as observed by Soludo (2005)
hence the need for banks. Consolidation etc some of the problems associated
with commercial venture may be attributed to poor performance in regards to
finance marketing, production, personnel and research development. Some
scholars argued that the public sector is performed more creditable than
private sector. They claim private sectors profits maximization objective is
inimical to economic growth the private enterprises lack the technical,
managerial and financial skills to run the economy, while other schools of
thought strongly opposed the existence of public enterprises as having
political interference, inefficiency, bureaucratic control, and control, lack
of service of responsibility, improper management and sluggish response to
change.
1.3 PURPOSE OF THE STUDY
The
study is a set out to ascertain the performance of public and private sector
enterprises in a bid to know comparatively.
1. Whether
public sector enterprises performance profitability or visa vis more than
private sector enterprises.
2. To identify
how efficient is the management of both enterprises (private driven and private
sector enterprises.
3. To ascertain
the factors responsible for productivity/output increase of both enterprises (public
and private sector).
4. To assess
the performance evaluation procedure of both enterprises (public and private
sector).
5. To ascertain
the possible collapse of both enterprise (public and private sector).
1.4 RESEARCH QUESTIONS
The
problem under investigate is centered on the following questions:
1. Is there
any significant different in the performance in terms of profitability between
the public and private sector enterprises?
2. Does
the performance of management in terms of efficiency have any significant
difference in public and private sector enterprises?
3. How do
public sector and private sector perceive production efficiency?
4. What
measure is put in a place to evaluate the performance of the public and private
sector enterprises?
5. Is
there any possible collapse of either the public sector of private sector
enterprises?
1.5 HYPOTHESES
H01:
There is no significant difference between the performances of public sector.
Enterprises and the private sector enterprises in Nigeria.
H02:
Public sector enterprises do not perform profitability than the private sector
enterprises.
H03:
There is possibility of collapse in the private sector enterprise.
1.6 SIGNIFICANCE OF THE STUDY
This
study is significantly important to both business organization and studies
beneficial in determining are factors responsible for high performance in terms
of goal attainment (profitability market share, customers, satisfaction etc).
identifying the weakness through performance evaluation not only will boost
workers morally for greater productivity but will also strengthen the private
sector in their business plans, policy formulation and implementation, the
government which constitute mainly the public sector will ascertain the factor
responsible for the performance of her enterprises. This will add formulation
of better policy and implementation to guide against losses on her commercial
enterprises.
1.7 SCOPE OF THE STUDY
This
study shall be comparative study of performance of the public and private
sector enterprises in Rivers State. Past performance of serious enterprises
shall be analyzed from available records (financial statement) to determine
their relationship in terms of performance. One public sector enterprises and
one private sector enterprises shall be selected and evaluated accordingly.
One
of the major limitations that this study intends to face is lack of relevant
published research data conducted amongst public sector enterprise in Nigeria.
This will reduce the body of theoretical framework of this study.
The
attitude of respondent will pose problems. The reason is some respondent may
conceal some vital information on the proud that they are confidential. Bu the
researcher tends to overcome this limitation by ensuring that the respondents
are made to understand that information supplied by them shall be held in
strict confidence.
This
study intends to expand is scope by conducting a survey on all public sector
enterprises in reverse state, but financial constraints and logistical problems
will limit the extension of the study to other sector undesirable and
uneconomical. In spite of the above limitations the researcher will try to
minimize basis so that the objective of the study will be achieved.
1.8 OPERATIONAL DEFINITIONS OF TERMS
Public Sector:
Public enterprises are sometimes called state enterprises, they are established
by act of parliament (constitutionally in a democratic settings) or character,
to oversee its operations proprietary form in a mixed economy such as Niger
Public enterprise are involved in economy activities undertaking by the state. They
form what we normally refer to as public sector.
Private Sector: Private
sector enterprises (otherwise called commercial sector) are sole proprietors,
the partnership and all other private if owned companies and firms which are
principal objectives of making profit to the benefit and interest of the owners
whose capital is used in operations.
Enterprises:
Any corporation board, company or parasternal established by or under any
enactment of the federal government or any of its department, ministries or
agencies may use or equity interest and shall include partnership, joint
venture or may form of business arrangement or organization.
AFFILIATE LINKS:
Comments
Post a Comment