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Entrepreneur Department
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The development of any country on how far its income generating sectors can increase its capacity and its contributions to the generate output can only be answered through the industrial sector which seems to be the most dynamic sector from the economist point of view because of its ability to increase capacity almost to an infinite position and also because of its outputs usually a total creation of value. Therefore most countries focus on the growth and development of their industries to enhance fast economic development (Udeh, 2004).
Although, development of large scale industries, large manufacturing outfits and big conglomerates may be contributing immensely to the industrialization and growth of the economy, small and medium scale enterprises play he most paramount role in essence, the national development is a function of small scale industries performance. in the past few decades, small and medium scale enterprises (SMES) have played important roles in the development economics and proved to be one of the most visible sectors with economic growth potential (Shenton, 2001)
The successes recorded by these countries were because of serious consideration of the future rewards from sustained investment in this sectors. Due to their sizes and scope of operations these enterprises requires relatively small capital investment to start, there by offering a relatively high labour to capital ration. They also demand low technology and management skill, which are readily available within the society.
The extent to which the opportunities offered by SMEs are exploited and their contribution maximized enabling environment created through the provisions of pre-requist infrastructural facilities. These include good road networks, telecommunication, adequate and efficient power supply ports etc. and the introduction and pursuit of policies such as concessionary financing that encourage and strengthen the growth of SMEs. Small scale industries have such a crucial role to play in the development of an economy that they cannot be ignored.
1.6 Significance of the Study
The study of small and medium scale enterprises as a sub-sector of the industrial sector at large, is very essential and important considering the role being play by the commercial banks and because of the enormous advantages that the economy can gain from the contribution of this sector.
Also, this study is signified on the ground that it will foster the confidence of the investors to focus their attention towards the development of the sector.
In addition it will be an eye opener to both the shareholders and management of organization, the important of this sector towards the important.
Specifically, the importance of studying the performance of the industry making small and medium scale enterprises the basic focus in Nigeria is as a result of the growing awareness of the country's government on the importance of this sector and the current bid to improve it's contribution and enhance it's performance.
Lastly, the research study is signified in that it will contribute to the frontier of knowledge especially in research and development (R&D)and it will be of a reference point to those researchers who may be desiring to carry out a similar research on the topic
The study focuses on the small and medium scale industries in the Nigeria economy, which is used to measure the industrial sector at large. It centers on the evolution and management of the small and medium scale industries performance and the crucial role played by commercial development.
The study will generally cover the roll of commercial banks on the performance of small and medium scale enterprises.
The effects of economic bottleneck and social infrastructure on the performance of the small and medium scale industries are identified so as not to underline their real contribution to economy in both economic and industrial development terms.
Since most small scale industries, are owned by private individuals, they usually feel reluctant or refuse to make their data public hence it may be difficult to get a well rounded conclusion.
This research study is also projected to be limited by time and cost constraint.
Any enterprises with a minimum assets base of N200 million excluding the land and working capital and with the number of staff employed not less than 10 or more than 300 (SMIE 15, 2003).
Banks are financial firms or division of larger firms that accepted deposit subject to withdrawer on demand and invest part of these deposits in interest bearing loans and investments. They are profit making, banks organized on a joint stock basis, that is the purpose of their establishments to make profits for their owners the shareholders
Merchant banks on like commercial banks are whole banks owned by individuals are grouped of individuals their customers are mainly corporate bodies and deposits corporate bodies sums of N50,000 and above, they accept medium and long term deposits and give medium long term loan and advances.
Is not a single technique, rather it is the term used for a variety of technique by which supervisors, peers, sub-ordinates, and the individual employee themselves rate, rank or describe the employees work effectiveness. It is a process in which bosses regularly volute and report on the performance attainments, abilities, potentials, for future development and other qualities of their development and other qualities of their organization sub-ordinate.
This work will be divided into five chapters. Chapter one will contains the introduction to the study, objectives, research questions, research hypotheses, significance and limitation of the study. Chapter two will take the literature review and conceptual frame work. Chapter three will present the research methodology; chapter four will be concerned with our analysis of data. Chapter five will elicit the summary of findings, recommendation and conclusion
📄 Pages: 65 🧠 Words: 6118 📚 Chapters: 5 🗂️️ For: PROJECT
👁️🗨️️️ Views: 527
