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EFFECTS OF POOR MANAGEMENT IN PRIVATE OWNED ESTABLISHMENT

A CASE STUDY OF POWERFUL LIMITED ENUGU, ENUGU STATE

 

 

ABSTRACT

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.

1. Causes of poor management.
2. How effect of poor management affected powerlux limited
3. How effects poor management can be prevented.

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.

 

 

TABLE OF CONTENT

CHAPTER ONE

INTRODUCTION                                                                   1

1. General background to the subject matter.                    1
2. Problems associated with the subject matter                           4
3. Problems that the study will be concerned with             5
4. The importance of studying the area                             6
5. Definition of important of studying the area                           6
6. Definition of important terms                                        6

References                                                                      8

CHAPTER TWO

LITERATURE REVIEW                                               9

1. The origin of the subject area                                         9
2. Schools of thought within the subject area                    11
3. The school of thought relevant to the problem of study          14
4. Different methods of studying the problem                             15
5. Summary                                                                       15

Reference                                                                       16

CHAPTER THREE

CONCLUSION                                                              17

            Data presentation (Highlight of the study)                17

            Analysis of data                                                        18

            Recommendation                                                      19

            Conclusions                                                              20

References                                                                 21

 

 

CHAPTER ONE

INTRODUCTION

1. GENERAL BACKGROUND TO THE SUBJECT MATTER

 

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.

 

 

1. PROBLEMS ASSOCIATED WITH THE SUBJECT MATTER

 

It is obvious that poor management is caused due to deficiency in the management of an establishment and not being able to utilize the scare resources and its effects are numerous and they include:-

1. Bad reputation of the establishment.
2. The establishment is less attractive to job seekers.
3. The establishment looses its customers.
4. It stands the chance of being bankrupt and also students the chance of being closed.
5. It contributes negatively to the economy.
6. The inability of the management to remunerate its workers.
7. The inability of the management to train its workers and not applying the modern techniques of management and production.
8. The establishment stands the chance of not making any profit.

All these cause imbalance in the economy of the nation.

 

1. PROBLEMS THAT THE STUDY WILL BE CONCERNED WITH

 

The main motivating factor of the study is to examine the effects of poor management in private owned establishment in the private establishment under study.

To know whether the effects of poor management are negative or positive.

To determine how the effects of poor management affect the growth and development of newly established establishment and the old existing ones as well as the skills of the workers.

And also how to discourage the effects of poor management.

 

 

1.4   THE IMPORTANCE OF STUDYING THE AREA

 

This study is geared towards finding out from the research the followings:-

Whether the effects of poor management in private owned establishment. A case study of powerlux limited is beneficial or not. To identify how it affects the growth and development of an establishment.

How to tackle and overcome the effects of poor management.

 

1. DEFINITION OF IMPORTANT TERMS

 

Management:-   The coordination of an organizational resources through the process of planning, organizing directing and controlling in order to achieve the organizational objective.

Scarce resources:- Limited resources.

Objective:- A targeted goal (either long run or short run).