MANAGEMENT AS A VITAL INSTRUMENT IN THE GROWTH AND SUSTENANCE OF SMALL SCALE BUSINESS
ABSTRACT
Many business are sprigging up daily from all books and crimes of the country. Ironically, as they are sprigging up, these business are fast. Closing down. The resources and capital required for the business are available yet the business couldn’t grow. All these bother on poor management.
Management is the life wire of every business because the success of the business depends on it efficiency.
Most multinational and supranational business today started as at small scale. Apart from providing employment to it population, small scale business most times makes use of local raw materials. Thereby leading to an increment in a country’s gross domestic products.
Inadequate funding, stiff competitive environment, pour managerial skill, lack of technical know – how to mention only but a few are some scale business.
Government intervention on correcting these abnormalities are highly needed in ensuring:
Laws are inacted to project these industries from external aggression. Encourage expatiation through provision of subsidy and reduction in excise duties. Discourage imposition through imposition of embargo and though import quota.
All these measures bother on efficient management. Its all about fore – sight and efficient decision making.
Therefore, management is a universal virtue “ which every organization hoping to actualize the goals and objectives of it business must uphold.
CHAPTER ONE
1.1 GENERAL BACKGROUND OF STUDY
It is one thing to own a business but yet another thing to see that the objectives, goals and aims of the business are realized. Every business no matter it principle: profit Oriented or not, always seek to achieve a particular target in it operations. Whether or not these objectives ( targets) are achieved depends to a great extent on how action are taken. Therefore, the effectiveness wit which people work together towards the achievement of organizational goals is determined by the ability of who hold the managerial position. The success or every business lies on it areas.
There is no more important area of human activity than management since the task of management is to establish an environment for the effective operation of people working in organized groups.
Ejiotor (1981) defines management as the art or science of working together in an organization through being directed by directing and co-ordination the activities of people to achieve ones personnel goals in the context of the goals of ones organization. Business is like a tree with many branches. Each branch performing different functions to achieve a unfied objective. Management is one but in every department that co-ordinates control and organize activities in ensuring that the organization goal is achieved.
Management is the life wire of every establishment. It is the brain behind every decision made. Management is the foundation upon which every organization built and therefore detects the growth, development and sustenance of every business. This is the reason why management is found in every existed of life an no business can or has ever existed without management.
This implies that a good management helps an organization to attain maximum results with the resources available. In trying to achieve organizational objectives the manager has map out his strategy, find people and materials to do job, assign different people to accomplish different jobs, ensure that jobs are being done as planned and report the result of his work to his boss.
All over the world management has emerged as a leading group in our economic society. They are a class by themselves, distinct from ownership and labour. In fact, management is slowly but steadily being accepted as a factor o production completely different from entrepreneurship. Hence, it was Paul mall who saw management as a factor of production concerned with the organization and co-ordination of other factors of production. According to Koontz and O’ Donnell (1968), management is the process of getting things done through and with people. Management is equally seen as a systematic, scientific direct and are being directed by others so that the men and material resources of the organization are chandelled towards attaining both the individual objectives as well as an integrated balanced company objectives. Thus management emphasizes that the growth and sustenance of any business establishment or organization depends efficiency because, efficiency in business cannot be without proper management.
The research thus is geared towards refining the concept of management, It relevance in the growth and sustenance of organization. The research is equally aimed at intending the role of management in the operations of Aba Textile Mill and on how the industry has being able to achieve the achievement so far . Recommendations are equally made on these can be sustained.
1.2 PROBLEMS ASSOCIATED WITH THE SUBJECT MATTER
The development of the textile industries has been one of the greatest factors in civilization. To consider the development of textile industries in the primitive communities is the best way to understand the reasons for some of the present industrial, social and economic conditions. The need of food, clothing and use the materials spread about them by nature to supply their wants . These social interrelations tended to the development of industries, for some families has made more progress than the others in crafts and additional comfort and beauty were found to come through the sue of new devices. Work in metal developed and helped to improve the tools in use. During this wandening life, important industries passed their simplest form. The value of fibres taken from plants and the coats of animals was discovered and crude forms of spindles and distaffs aided in the spinning of farm and a great step was woven articles were more for floor or tent covering than for clothing. The most common of the textile crafts in use were braiding and looping.
MANAGEMENT AS A VITAL INSTRUMENT IN THE GROWTH AND SUSTENANCE OF SMALL SCALE BUSINESS
