This study was designed to give an insight in the effects of poor management in private owned establishment.
In attempt to focus the study, there are formulated research questions.
A questionnaire was constructed and issued to 16 staff used as sample from powerlux limited. The result of the study indicated that the effects of poor management is very disastrous to the private sectors as well as the economy. Following this findings, some implications were highlighted upon which recommendations were made on how to reduce the effects of poor management in the private sectors and the area of study.
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 as 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 or 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 a set objective then poor management is in place.
Poor management could also result from inadequate managerial ability.
It could 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 require 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 disastrous 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 nursed in an establishment.
In a situation like this, no individual will like to associate with 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 compete favourably with other establishments which leads to the lost of people’s / public interest.
Furthermore, the services rendered 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 and production. The establishment 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 below what is expected and the economy of the country is affected badly.
The inability of the management to remunerate its workers and pay its debt can as well lead to the end of the existence of the establishment.
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