Assessment of Environmental Factors on Performance of Small Business Enterprises (a Study of Jemok Table Water in Delta State ）
CHAPTER ONE
OBJECTIVES OF THE STUDY
The purpose of the study is to assess the extent to which environmental factor affects the performance of small business enterprises, evaluate it, determine its success and failure and discuss its likely effects on organizational survival and growth. The other objectives this research seeks to achieve are:
- To determine the extent to which environmental factors affect the growth of jomek table water in Delta state
- To determine the relationship existing between small scale business and its operating environments.
- To determine the challenges facing jomek table water in Delta state
- To examine how small scale business manage these environmental factors.
CHAPTER TWO
REVIEW OF RELATED LITERATURE
Concept of Small Scale Business
Business is fundamental to the well-being of every society. Small scale enterprises exist in all economic environments. Most people have an idea of what is meant by smalls cale business, but defining it poses a problem. How it is defined depends on who is defining it and the purpose for which it is defined. Thus, there is no universally accepted definition of small-scale business, because the classification of business into large, medium or small scale is relative. Bandar and Presley (1992) observe that the different socio-economic structures of each country are the reasons for non-uniformity in definition of SSB. 13 Small scale business, small scale industry and small scale enterprise are used interchangeably. The criteria that have been used to define Small Scale Businesses include employment, capital investment, sales turnover, accessibility, output and in some cases, a blend of some or all of these criteria. In Nigeria and worldwide, there seems to be no specific definition of small business. Different authors, scholars, and schools have different ideas as to the differences in capital outlay, number of employees, sales turnover, fixed capital investment, available plant and machinery, market share and the level of development, these features equally vary from one country to the others. Individual countries‟ circumstances determine how micro, small, medium, and large scale enterprises are being defined in that country, however, in Nigeria, the current classification is based on the number of employees and assets (excluding land and buildings). In practice, the number of employees is the most common standard used in National SME policies worldwide. The criteria/ classification adopted in the recent enterprises survey in Nigeria is micro enterprises less than 10 employees, small scale enterprises 10-49 employees, medium scale enterprises 50-199 employees and large scale enterprises 200 and above employees, (NBS/SMEDAN, 2012).
CHAPTER THREE
RESEARCH METHODOLOGY
Research design
The researcher used descriptive research survey design in building up this project work the choice of this research design was considered appropriate because of its advantages of identifying attributes of a large population from a group of individuals. The design was suitable for the study as the study sought to assessment of environmental factors on performance of small business enterprises.
CHAPTER FOUR
ANALYSIS AND PRESENTATION OF DATA
One hundred and sixty (160) questionnaires were distributed and one hundred and forty (133) were returned. This figure was the sample size. Out of the one hundred and thirty-three, only one hundred and twenty (120) were properly responded to. As a result, the researcher used one hundred and twenty for this study when more than 50% of the respondents agree to the questions, the answer is taken as valid for the purpose of this study. In analyzing the data, the approach that will be adopted is to find out the percentage and positive and negative answers to the question posed.
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
Introduction
It is important to ascertain that the objective of this study was to ascertain Assessment of Environmental factors on performance of small business enterprises. In the preceding chapter, the relevant data collected for this study were presented, critically analyzed and appropriate interpretation given. In this chapter, certain recommendations made which in the opinion of the researcher will be of benefits in addressing the challenges of Environmental factors on performance of small business enterprises
Summary
This study was on Assessment of Environmental factors on performance of small business enterprises. Four objectives were raised which included: To determine the extent to which environmental factors affect the growth of jomek table water in Delta state, to determine the relationship existing between small scale business and its operating environments, to determine the challenges facing jomek table water in Delta state and to examine how small scale business manage these environmental factors. In line with these objectives, four research question were asked and answered. The total population for the study is 200 staffs of jomek table water, Delta state. The researcher used questionnaires as the instrument for the data collection. Descriptive Survey research design was adopted for this study. A total of 133 respondents made managers, production managers, marketers and junior staffs were used for the study. The data collected were presented in tables and analyzed using simple percentages and frequencies
Conclusion
Management inefficiency, marketing problems, inadequate infrastructures, market competition and financial inadequacy affect the performance of SSBs in term of their profit generation, sales volume, and employment generation. The negative effect of both internal and external environmental factors leads to low performance of SSBs and consequently leads to an adverse effect on the economy.
Recommendation
That in order to achieved significant positive contribution of SSBs sector to economic development, government should create enabling environment for both existing and potential investors in the sector, this can be done through improvement of infrastructural facilities and formulation of policies favourable to SSBs.
Government and other stakeholders should find a means through which owners and managers of SSBs get adequate managerial skills to run their business effectively and efficiently. This can be done through entrepreneurship development programmes and orientation, seminars, workshops, etc. in order to minimize managerial problems.
References
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