The Effect Of Business Environment On The Productivity Of Business Organizations In Nigeria (A Case Study Of Selected Sachet Water Companies In Owerri)
This project research was conducted to find out the effect of business environment on the productivity of business organization (the case study of selected Sachet Water Companies using Mr. Ben Owerri Imo State. Two types of data were used in conducting these studies. They are secondary and primary data. Secondary data were collected mainly from textbooks, journals and reports found in the libraries. Primary data of the study were generally meeting the objectives of the study.
Data collected were subsequently analysis on table using chi-square, frequently distribution table and the following are found that management of the organization should be strengthening its resources and capability to meet the requirement of changing environment in order to meet the goals and objectives of the organization. The major reason the researcher discovered that control and management of business environment thus choosing appropriate technology, organization structure design of organization domain would enhance efficiency productivity and total output in business organization.
Table Of Contents
- Title Page
- Approval Page
- Table of Contents
- 1.1 Background of Study
- 1.2 Statement of Problems
- 1.3 Objective of the Study
- 1.4 Research Question
- 1.5 Significance of Study
- 1.6 Scope of Study
- 1.7 Limitation of the Study
- 1.8 Definition of Terms
2.0 Literature Review
- 2.1 Introduction
- 2.2 Nature of Business Organization
- 2.2.1 Elements of Business Organization
- 2.3 Management of Business Organization
- 2.4 Analysis of Business Environment.
- 2.5 Strategies for the Management of Environment Inter-Dependences
3.0 Research Methodology
- 3.1 Introduction
- 3.2 Sources of Data
- 3.3 Methods of Data Collection
- 3.4 Population of Study & Sample Size Determination
- 3.5 Sampling Techniques/Procedure
- 3.6 Validity and Reliability of Measuring Instrument
- 3.7 Method of Data/Statistical Analysis
4.0 Presentation and Analysis of Data
- 4.1 Introduction
- 4.2 Dividing Into Appropriate
5.0 Summary of Findings, Conclusion and Recommendations
- 5.1 Introduction
- 5.2 Summary of Findings
- 5.3 Conclusion
- 5.4 Recommendations
1.1 Background Of The Study
Business organization is a formal system of coordinating activities of a group of people working cooperatively towards a common goal, under authority and leadership. The concept of formality means that they came into existence in our society Nigeria at a point in time with a view of accomplishing formal goals. These formal goals are basis for their legitimacy to exist in our society since these goals have aspects of functional relevance for the societal development and national growth.
Obviously, no business venture is done in isolation of the prospective investor and customer. A business outfit that does not command patronages is not fit to exist. This is why it is pertinent to state that all business must cooperate with the environment to avoid business blunders. These are certain key elements or factors that are often considered in the overall or total business environment. These include among others.
- Socio-cultural environment
- Market / legal forces
- Technical forces etc
These have been classified under task care and general environment. Business operations are carried out within an environment that is besieged by a number of problems and constraints. Business exists an ever changing world where it must interact with the respond to many environmental forces. Location of any business venture or organization has certain features or characteristics that must be associated with it before it can take off and flourish else its machine will be defeated. Business administrators must carry out feasibility studies before establishing any such outfit in any given moment and place. There are certain key factors a business administrator or manager must consider pertinent which include the accessibility, access roads and finance. Manager of any such business venture must be very verse in all aspects of management. He must be customer friendly, must exercise a sound academic and professional knowledge of the organizational requirement. The beneficiaries must have cause to invest in the establishment, means that it must encourage productivity and profit.
The quality of the working personal will be satisfactory to encourage quality output. The input-output ratio or deposition must be promising. The relationship between management and staff must be very cordial so as to attract investors. The relationship between the organization and its neighbours should be encouraging to ensure under-managed exchange of resources including sound and professional ideas and manpower technical manpower contributions. The environment must be devoid of rancor and acrimony so as to attract potential investors and manager of sound managerial and professional acumen. The organizations disposition towards the welfare of its staff must be very dynamic and encouraging to ensure greater productivity and staff satisfaction.
The ecstatic beauty of the entire environment must be worthy of emulation. Any good/sound administrator must consider recreational facilities vital to the growth of his organization as this will limit the activities of his personnel to the organization area of jurisdiction without unnecessary man-hour bosses on frivolities. Any dynamics and promising establishment will be futuristic that is it must be future-oriented. There must be a long term planning rather than short term that is short lived.
There will be room for continuity for the growth and development of the organization. The behaviour/activities of the managers should be exemplary since their behaviour influences their staffs. The general staff disposition and the general administrative demeanor speak volume of the tone of the organization. These various factors influence the life of the organization. The growth and development or expansion of the outfit becomes dependent on the quality of the personnel. The managers must be transparently honest, financial prudence will be their guiding principle as this alone will increase the profit margin while the profit margin attracts dispel customers.
1.2 Statement Of Problem
- There is stiff competition of pure water business in Imo State.
- There is the problem of adverse government policies on the food and drink industries.
- There is high rate of labour turnover due to poor salary structure.
1.3 Objective Of The Study
- To determine the rate at which government policies affects the food and drug industries business to Imo State.
- To determine the rate of labour turnover due to poor salary structure of workers in sachet water business.
- To determine the extent of people involvement in food and drug business in Owerri, Imo State.
1.4 Research Question
- To what extent does a government policy affect the sachet water business in Imo State?
- What is the rate of labour turnover of sachet water business in Imo State caused by poor salary structure?
- To what extent, do government policies affect those in the sachet water business in Imo State?
- What is the rate of labour of food and drug industry business in Imo State?
1.5 Significance Of The Study
The purpose of this work has greatly been outplayed. The work greatly shows that the micro and macro economic situation in the world have necessitated the need to explore the influences of business environment on the productivity of business organization.
Consequent upon this also, is the proliferation of business without adequate feasibility studies which will guarantee unmitigated production and liquidity ration of capital. This study will be beneficial to business organization such as sachet Water Company.
Finally students and potential investors for knowledge acquired would equip good future business administration in any part of the world and for wise investment sections
1.6 Scope / Limitation Of Study
This research work on the influences of business environment on the productivity of business organization will be centered on selected sachet water company (Mr. Ben, Kamsy Linkmore companies in Owerri Imo State).
1.7 Limitation Of The Study
Sachet water companies will also, benefit if not for the lack of adequate materials needed to embark on it.
Time: Time constraint involved for the completion of the research work was not enough.
1.8 Definition Of Terms And Concept
A measure of how well resources are brought together in organization and optimally utilized for accomplishing a set of goals.
This is the process of directing, coordinating and influencing the operations of an organization so as to obtain desired results and enhance performance.
The science of technical process in a wide though related field of knowledge. This industrial technology embraces the chemical mechanical and physical science as applied in industrial process.
This is a series of steps that starts with an identification of problems to be solved and analysis of information animated in selecting from several alternatives to solve the problem under consideration. It can simply be said to mean deliberate adoption of means to end.
The extent to which any organization use a social system, given certain reserves and means, fulfills its objectives without incapacitating means and resources and without placing undue strain upon it members.
5.0 Summary Of Findings, Conclusion And Recommendations
According to the Federal Ministry of Economic Affiliation (2000), efficiency in the use of resources by effective prioritization rational elimination of wasteful expenditure and proper channeling of scarce resources to the most rewarding area of the economy should be the practice in Nigeria business organization.
Therefore, advantaged organization need to have differential advantages of distinctive competence over the element of its environment hence this improve its efficiency, productivity and total output.
5.2 Summary Of Findings
The findings of this project were based on the analysis of data collected from the different questionnaires administered to managers, supervisors, clerks and others in the company. Also oral interview and personal observation were conducted with some of the company staff. The researcher discovered that control and management of business environment structure, design of organizational domain would enhance efficiency, productivity and total output in business organization.
It was discovered by the researcher that investment friendly, employment opportunities improves economy an good standard of living situation will be the future, experience in Nigeria economy as these articulated programmes are used in our business organization.
Furthermore, poor management, high cost of maintaining staff and training, uncertainties associated with suppliers and consumers, ineffective communication, network and lack of expert personal were also identified as some problems facing the control and management of influence of business environment in Nigeria business organization.
An organization is environmentally oriented if it has integrated environmental issues into its overall strategy.
Control and management environment influences in an appropriate way. To meet this requirement it is necessary to integrate environment into the goal structure of the organization using different set of goals. It is reasonable to assume that the most important objective/vision of an organization is survival.
That is strengthening its resource and capabilities to meet the requirement of changing business world and gain competitive edge. At the next level are strategic goals/mission which induces profit productivity and market objective as a basic objective.
Based on the project report findings, the effect of business on the productivity of business organization in Nigeria, the researcher hereby make the following recommendations:
- Proper feasibility study should be carried out before proliferation of any business organization.
- Management is advised to employ financial forecasting in predicting financial needs and effects of new policies and thereby reduce strategic emergency decision which affect productivity.
- Employ expert personnel in different departments.
- State out appropriate domain which will help it now as it defenders.
- The management should negotiate with its task environment in order to achieve domain consensus.
- Development competitive power, cooperative power and defensive power to manage its relationship with its environment hence the extent of productive and survival depends on how it manipulates its power dependences.
How To Get The Complete Material For The Effect Of Business Environment On The Productivity Of Business Organizations In Nigeria (A Case Study Of Selected Sachet Water Companies In Owerri)
The Complete Material will be Sent to You in Just 2 Steps
Quick & Simple…
Make a Mobile Transfer or POS Payment of ₦3,000 to any of the Account Below
|Account No.: 0811003731|
|Name: Samphina Academy|
|Account Type: Current|
|Account No.: 1225513212|
|Name: Samphina Academy|
|Account Type: Current|
Or CLICK HERE To Pay With Debit Card
|FOR CLIENTS OUTSIDE NIGERIA|
|CLICK HERE To Pay With Debit Card ($15)|
|GHANA – Make Payment of 80 GHS to MTN MoMo, 0553978005, Douglas Osabutey|
Send the Following Details on WhatsApp ( 08143831497) After Payment
- Payment Details
- Email Address
- The Effect Of Business Environment On The Productivity Of Business Organizations In Nigeria (A Case Study Of Selected Sachet Water Companies In Owerri)
The Complete Material Will Be Sent To Your Email Address After Receiving Your Details
T & C Apply
This research material “The Effect Of Business Environment On The Productivity Of Business Organizations In Nigeria (A Case Study Of Selected Sachet Water Companies In Owerri)” is for research purposes and should be used as a guide in developing your research project / seminar work. For no reason should you copy word for word (verbatim) as samphina.com.ng will not be liable for any who copied the material.
The aim of providing this material is to reduce the stress of moving from one school library to another all in the name of searching for research materials. This service is legal because, all institutions permit their students to read previous projects, books, articles or papers while developing their own works. According to Austin Kleon “All creative work builds on what came before”.
samphina.com.ng is only providing this material “The Effect Of Business Environment On The Productivity Of Business Organizations In Nigeria (A Case Study Of Selected Sachet Water Companies In Owerri)” as a reference for your research. The paper should be used as a guide or framework for your own paper. The contents of this paper should be able to help you in generating new ideas and thoughts for your own research. Use it as a guidance purpose only.
Frequently Asked Questions
What are the challenges faced by business in Nigeria?
This strength on global platform will automatically give boost to all other businesses in Nigeria Nigeria has two biggest problems namely power supply and financial resources which hinder a countries productivity and competitiveness.
How can Nigeria globalize its business?
In order to globalize its business, the Nigerian company will have to integrate itself by embarking upon harnessing new and advanced technology. To achieve this integration, the country must have a strong scientific and technology base, which it lacks at present.
How can Nigeria increase its competitiveness in the world market?
This poses a strong competition for the global competitors and would increase Nigeria’s competitiveness in the world market. The country can also diversify and expand its existing oil and gas sector.
Why should you invest in Nigeria?
Nigeria has the potential for growth and stability. It is a strong place for the businessmen to flourish their business.
What are the main business challenges facing Nigerian entrepreneurs today?
After surveying Nigerian business owners and entrepreneurs in main business challenges, in 2016 and performing the same survey again in 2019, at the top of the list of business challenges is the limited supply of qualified personnel and talent.
How many businesses fail in Nigeria in first 3 years?
80% of new businesses and startups in Nigeria fail within the first 3 years. Doing business in Nigeria could be a wonderful experience when your business venture succeeds, however before success there could be great challenges and difficulties that a new business or startup has to phase.
How does poor infrastructure affect your business in Nigeria?
Whether you are a small business owner or a manager at a multinational firm, the poor infrastructure will definitely affect your business in Nigeria. Companies that succeed are those that build operational buffers around these infrastructural challenges and bake this cost into their business model. 4. Lack of Market Information and Data
Is a hostile business environment affecting your business growth in Nigeria?
Our recent annual survey of Nigerian business owners and entrepreneurs revealed that 33% of businesses list a hostile business environment as a major impediment to the growth of their business. The reality is that there are multiple issues that you have to deal with when you are doing business in Nigeria.
Can Nigeria benefit from globalization?
Science in a globalizing world has benefits that Nigeria can and should take advantage of. The era of computers, revolutionalized telecommunication and the Internet is what the country cannot shy away from, but the positives of the times should be properly harnessed for the country to appropriately benefit from globalization.
Is globalization a contributing factor to Nigeria’s developmental failure?
But the reality is that, in my view, the political leadership of Nigeria has massively failed on virtually every single level. In that sense, pointing to something called “globalization” as being a contributory factor to Nigeria’s developmental failure is a radically incomplete explanation.
How does globalization affect developing countries?
It argues that although globalization presents many opportunities, it also exposes developing countries like Nigeria to many new challenges. The paper also suggests ways by which the negative effects of globalization can be addressed. One of the most popular concepts in recent times is globalization.
What is globalization in business?
Globalization is defined as the increase in the flow of goods, services, capital, people, and ideas across international boundaries, according to the online course Global Business, taught by Harvard Business School Professor Forest Reinhardt. “We live in an age of globalization,” Reinhardt says in Global Business.
How can Nigeria increase its competitiveness in the US market?
Under this act, Nigeria and other Sub-Saharan African countries have agreed to export the maximum quantity of their manufactured products to US. This poses a strong competition for the global competitors and would increase Nigeria’s competitiveness in the world market. The country can also diversify and expand its existing oil and gas sector.
What should Nigerians do to boost the economy of Nigeria?
Nigerian should patronize Nigerian locally made products, appreciate tourism in Nigeria, and go for them, they should make their investment in Nigeria, buy Nigerian art and watch Nigerian sports leagues. However, let us look at the word, ‘economy’ nigerian economy is in a comatose discuss the way out
What are the challenges of trade in Nigeria?
Economic Growth and Trade. Nigeria’s economic potential is constrained by many structural issues, including inadequate infrastructure, tariff and non-tariff barriers to trade, obstacles to investment, lack of confidence in currency valuation, and limited foreign exchange capacity.
What are the investment opportunities in Nigeria?
No matter your budget, there are opportunities you can invest. From as little as ₦100 to the big billions of naira, you can invest in Nigeria and expect a good return on your investment. This article covers investment opportunities in Nigeria for low income and high-income earners. For foreign investors too. There is something for everyone!
Is real estate a profitable investment in Nigeria?
Real Estate in one of the most profitable investment opportunities in Nigeria. This is because of the booming population. And large migration to major cities such as Lagos, Abuja, Port Harcourt, Uyo and the rest. Investment in real estate in major cities can be very lucrative for investors.
Why invest in the oil and gas sector in Nigeria?
The Oil and Gas sector is what Nigeria depends on on. Both foreign and local investors can key in to the Oil and gas sector in Nigeria and watch their investments grow. Nigeria is one of largest oil producers in the world.
Is it safe to invest in the stock market in Nigeria?
This is considered a every safe investment in Nigeria because it has the full backing of the Federal government of Nigeria. You can invest from invest N5,000 to N50,000,000 for a period of two to twenty years. The interest you earn on each investment depends on the term