THE CONTRIBUTION OF INDUSTRIAL DEVELOPMENT CENTER TOWARDS SMALL SCALE INDUSTRIES


THE CONTRIBUTION OF INDUSTRIAL DEVELOPMENT CENTER TOWARDS SMALL SCALE INDUSTRIES  

CHAPTER ONE

INTRODUCTION

1.1     BACKGROUND OF THE STUDY

The goal or desire of any nation is to achieve its economic growth and development. For the Nigeria government, employment provision for all and reasonable development of all localities are certainly not feasible within the limited government structures and establishment. The federal government therefore considers the active participation of the private sector especially at the grass root as the most viable means of achieving the development and job provisions. Hence, in its second and third national development plan, the federal government adopted the policy of giving active support to the promotion and development of small and medium enterprises on the country.

However, are would want to know what entrepreneurial development is all about. According to some writers, especially in the written work of H.O. Amaechina “entrepreneurship concept of small business management”, entrepreneur. So defined as the willingness and ability of an individual to seek out investment opportunities, establish and run the enterprise successfully. Thus entrepreneurship is associated with different kinds of activities that has to do with the establishment and operation of business enterprises. Such activities may include;   

i)     Identification of investment opportunities.

ii)    Deciding what opportunities to exploit for profit.

iii)   Promotion and establishment of the business enterprises.

iv)  Pooling of the various scarce resources needed for production and distribution of good and services.

v)    Organisation and management of the human and material resources for the attainment of the objectives of the enterprise, risk bearing and innovation.

On the other hand, entrepreneurial development can be described as the varied programme, and incentives provided by governments and non-governmental agencies aimed at training, promoting and encouraging entrepreneurs toward the attainment of maximum economic returns in any business ventures they embark on.

The importance of entrepreneurial development in the economy aids entrepreneurs to identify a profitability business and how to go about it. It makes the entrepreneur to be aware of how to locate a business. it creates awareness on the area of location and if it can affect their business. Infact, entrepreneurial development helps to avoid business failures.

The small business supports system such as National Directorate of Employment (NDE), Nigeria Bank for Commerce and Industry (NBCI), National Economic Reconstruction Fund (NERFUND), and Industrial Development Centre (IDC) are all set up to aid small scale business in the areas of finding development of managerial and technical skills.

Industrial Development Center as one of the small business support systems is set to provide technical services such as;

1     Technical advice and assistance regarding the selection of the right machinery, equipment and raw materials for the purpose of setting up the business.

2     Assistance in the installation and operation of the machinery.

3     On the job training of the artisans in handling of the machines.

4     Giving advice an assistance to small industrialists to improve the design and quality of their products.

1.2        STATEMENT OF THE PROBLEMS

It is a general assumption that small – scale business is imperative for national

growth and development

. It has been emphasized that Nigeria is entrepreneurial under-developed. 

There are other managerial services which include:

1     Training of proprietors and the supervisory staff of small and medium enterprises in modern management methods and practices.

2     Supply of economic information needed by prospective investors for making investment decisions.

3     Financial counseling

4     Organizing seminars and workshops.

5     Supply of industrial information

6     Feasibility studies and market surveys.

To what extent has this organisation (IDC) achieved these objectives in the support of small scale business is the focus of this research. 

1.3     PURPOSE OF STUDY

The nation is experiencing a lot of economic crises such as decline in business activities, unemployment inflation, and mostly the problem of retrenchment. The purpose of this study therefore is to asses the contribution of industrial development center towards the solving of the unemployment crises and the realization of self reliance on the economy.

1.4     RESEARCH QUESTIONS

1.    Is the performance of small – scale industries dependent on their training?

2.    What is your area of coverage?

3.    Does industrial development centre (IDC) Enugu have adequate facilities to cover its areas of operations?

1.5     HYPOTHESIS

Ho:     The performance of small – scale industrial is dependent on their training.

Hi:      Industrial development center, Enugu is having adequate coverage in its areas of operations.

1.6     SIGNIFICANCE OF THE STUDY

The importance of this study is to help small scale business entrepreneurs gain awareness into organisation and institution where they can gain aid in terms of finance, managerial and technical assistance in the attainment of successful business ventures.   

1.7     SCOPE OF THE STUDY

The research project is to cover the Industrial Development Center (IDC) Enugu, which falls under the Owerri industrial development center zone.

1.8     LIMITATION OF THE STUDY 

The research work has some literature as regards to time constraint, fiancé dearth of statistical information and secrecy/privacy.   

Time Constraints: The researcher did not reach to all information and places necessary for this research work as a result of limited time available for this research work.

Finance: Due to the shortage of financial with the economic hardship, the money needed by the researcher to finance the project was limited. 

Dearth of Statistical Tool: This research study was not sufficient due to improper record system of the board. There was also lack of research facilities from the libraries visited many of the textbooks in the library are absolute and current information needed for this research work are not enough.

Secrecy/Privacy: Some of the staff in industrial development center did not reveal of all information needed for this research because of far of losing their jobs.

1.9     OPERATIONAL DEFINITION OF TERMS

Entrepreneurial development: is defined as the various programme and incentives provided by governments and non-governmental agencies aimed at training, promoting and encouraging entrepreneurs towards the attainment of maximum returns on any business ventures carried out.

Entrepreneurship: Defined as the willingness and ability of an individual to seek out investment opportunities, establish and run an enterprise successfully.

Entrepreneur: Defined as an individual who is willing and able to take business risks for gainful poses.

Support system: Is defined as organisation or institution designed to give financial, managerial and technical support to small scale business.

.


TYPE IN YOUR TOPIC AND CLICK SEARCH.






RESEARCHWAP.COM

Researchwap.com is an online repository for free project topics and research materials, articles and custom writing of research works. We’re an online resource centre that provides a vast database for students to access numerous research project topics and materials. Researchwap.com guides and assist Postgraduate, Undergraduate and Final Year Students with well researched and quality project topics, topic ideas, research guides and project materials. We’re reliable and trustworthy, and we really understand what is called “time factor”, that is why we’ve simplified the process so that students can get their research projects ready on time. Our platform provides more educational services, such as hiring a writer, research analysis, and software for computer science research and we also seriously adhere to a timely delivery.

TESTIMONIES FROM OUR CLIENTS


Please feel free to carefully review some written and captured responses from our satisfied clients.

  • "Exceptionally outstanding. Highly recommend for all who wish to have effective and excellent project defence. Easily Accessable, Affordable, Effective and effective."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "I saw this website on facebook page and I did not even bother since I was in a hurry to complete my project. But I am totally amazed that when I visited the website and saw the topic I was looking for and I decided to give a try and now I have received it within an hour after ordering the material. Am grateful guys!"

    Hilary Yusuf, United States International University Africa, Nairobi, Kenya.
  • "Researchwap.com is a website I recommend to all student and researchers within and outside the country. The web owners are doing great job and I appreciate them for that. Once again, thank you very much "researchwap.com" and God bless you and your business! ."

    Debby Henry George, Massachusetts Institute of Technology (MIT), Cambridge, USA.
  • "I love what you guys are doing, your material guided me well through my research. Thank you for helping me achieve academic success."

    Sampson, University of Nigeria, Nsukka.
  • "researchwap.com is God-sent! I got good grades in my seminar and project with the help of your service, thank you soooooo much."

    Cynthia, Akwa Ibom State University .
  • "Great User Experience, Nice flows and Superb functionalities.The app is indeed a great tech innovation for greasing the wheels of final year, research and other pedagogical related project works. A trial would definitely convince you."

    Lamilare Valentine, Kwame Nkrumah University, Kumasi, Ghana.
  • "Sorry, it was in my spam folder all along, I should have looked it up properly first. Please keep up the good work, your team is quite commited. Am grateful...I will certainly refer my friends too."

    Elizabeth, Obafemi Awolowo University
  • "Am happy the defense went well, thanks to your articles. I may not be able to express how grateful I am for all your assistance, but on my honour, I owe you guys a good number of referrals. Thank you once again."

    Ali Olanrewaju, Lagos State University.
  • "My Dear Researchwap, initially I never believed one can actually do honest business transactions with Nigerians online until i stumbled into your website. You have broken a new legacy of record as far as am concerned. Keep up the good work!"

    Willie Ekereobong, University of Port Harcourt.
  • "WOW, SO IT'S TRUE??!! I can't believe I got this quality work for just 3k...I thought it was scam ooo. I wouldn't mind if it goes for over 5k, its worth it. Thank you!"

    Theressa, Igbinedion University.
  • "I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much researchwap.com, infact, I owe my graduating well today to you guys...."

    Joseph, Abia state Polytechnic.
  • "My friend told me about ResearchWap website, I doubted her until I saw her receive her full project in less than 15 miniutes, I tried mine too and got it same, right now, am telling everyone in my school about researchwap.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work"

    Christiana, Landmark University .
  • "I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!."

    Musa, Federal University of Technology Minna
  • "I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!."

    Ali Obafemi, Ibrahim Badamasi Babangida University, Niger State.
  • To contribute to our success story, send us a feedback or please kindly call 2348037664978.
    Then your comment and contact will be published here also with your consent.

    Thank you for choosing researchwap.com.