The Impact Of Socio-Cultural Environment On Organisational Growth In The Private Sector (A Case Study Of Selected Organization In Nigeria)


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Project and Seminar Material for Business Administration and Management BAM

Project and Seminar Material for Business Administration and Management BAM


Dedication


This project work is dedicated to God almighty that made it possible for me to write this project. May his name be praise.


Acknowledgement


This project work was conducted through the support given me to by various individuals, sources and authorities.
I am greatly indebted to our Father in Heaven who made it possible for me to start and accomplish this work.
My special appreciation also goes to my supervision Mr. C.O. Chikwendu, whose kind direction guidance made this project work a reality. I equally recognize and appreciate the good role of my lecturers namely, Mr. Obinna Iwueke, M.A Ugiabgbe C.v Njoku and also my H.O.D Rev. D.C. Ohidimma.

My profound gratitude goes to my parents Mr. and Mrs. O. Chijioke for their unalloyed financial and moral support. I am equally grateful for the wonderful financial assistance of Mr. Joel Ohakamike and his family Mr. Chigozie Chijioke, Mr. Godwin Chijioke, Ihuoma, Ijeoma, Chukwudi Chijioke Mr. Udambe, Okey. Finally, my thanks goes to my lovely friends Vivian Edohie Chinyere Ngah, Ngozie, Stella, Mecham, Chikube, Oluchi onwuka for their encouragement.


Abstract


This project research was conducted to find out the impact of socio-cultural environment on organizational growth in the private sector.(A study of selected firms in Owerri). Two types of data were used in conducting these studies 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 were found.

That management of the organization should be strengthening its resource and capability to meet the requirement of changing environment in order to meet the goals and objectives of the organization.

The major reason the researches discovers that control and management of socio-cultural environment thus choosing appropriate technology, organization structure design of organization domain would enhance efficiency productivity and total output in private sector.


Table Of Content


  • Title page ii
  • Approval page iii
  • Dedication iv
  • Acknowledgement v
  • Abstract vi
  • Table of content vii

Chapter One

  • 1.0 Introduction 1
  • 1.1 background of the study 2
  • 1.2 Statement problem 5
  • 1.3 purpose/objective of the study 7
  • 1.4 research question 8
  • 1.5 research hypothesis 9
  • 1.6 significance of the study 10
  • 1.7 scope/delimitation of the study 11
  • 1.8 limitation of the study 11
  • 1.9 Definition of terms and concept 12

Chapter Two

  • 2.0 literature review 14
  • 2.1 introduction 14
  • 2.2 nature of business organization 16
  • 2.2.1 Elements of business organization 19
  • 2.3 management of business organization 23
  • 2.4 analysis of business environment 37

Chapter Three

  • 3.0 research methodology 50
  • 3.1 introduction 50
  • 3.2 sources of data 50
  • 3.3 method of data collection 51
  • 3.4 population of study and sample size determination 52
  • 3.5 sampling techniques/procedures 54
  • 3.6 validity and reliability of measuring instrument 55
  • 3.7 method of data/statistical analysis 55

Chapter Four

  • 4.0 presentation and analysis of data 58
  • 4.1 Introduction 58
  • 4.2 dividing into appropriate 59
  • 4.3 test of hypothesis 1 67
  • 4.3.1 test of hypothesis 11 70

Chapter Five

  • 5.0 summary, conclusion and recommendation 75
  • 5.1 summary of findings 75
  • 5.2 conclusion 77
  • 5.3 recommendation 78
  • Bibliography 80
  • Appendix 82
  • Questionnaire 83

Chapter One


1.0 Introduction

1.1 Background Of The Study

Business organization is a formal system of co-ordinate activities of a group of people working co-operating towards a common goal, under authority and leadership. The concept of formality means that they came into existence in out society Nigeria at a point in time with a view of accomplishing formal goals.

These formal goals are the 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 customers. 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 co-operate with the environment to avoid blunders. There are certain key elements or factors that are often considered in the over all or total business environment there include among others.

  1. Socio-cultural environment
  2. Market/competitive forces
  3. Political/legal forces
  4. Technical forces Etc.

These have been classified under task core and general environment.

Business operations are carried out within an environment that is besieged by a number of problems and constraints. Business exists in an ever changing world where it must interact with and respond to many environmental forces.

Location of any business venture of organization has certain features of characteristics that must be associated with it before it can take off and flourish else its motive will be defeated. Business administrators must carry out feasibility studies before establishing any such an outfit in any given moment and place.

There are certain key factors a business administrator of manager must consider pertinent which include the environment, location prospective users of the products, 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, which 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 inter-managerial 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 losses 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 staff. 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 principles, as this alone will increase the profit margin while the profit margin attracts or dispels customers.


1.2 Statement Of Problem

One can rightly observe that business operations and organization are mostly carried out within an environment that is besieged by a number of problems and constraints. According to Ezekwe B.C (1999) most countries irrespective of their primitive or modern stature degree and extent of civilization, social and economic advancement educational attainment, the socio-economic status of their people and their business organization and orientation appear not to be the same. There difference in national outlook and individual differences / capacities.

There are also diverse natural gifts to the people therefore, the environmental factors that could influence any business organization are varied but the restrictive guideline governing the system becomes the major constraint militating against such business venture and the proliferation of business without due environmental consideration.

The dynamic society demands organized and articulated programmes that will determines the degree of acceptability and patronage in a changing business world. Consideration must be given to types of business located in an environment to ensure adequate coverage and protection as these encourage productivity.

However, the organization must choose appropriate technology relevant to their business operation and also react or adapt to the demands of the environment where they are located so the choice of technology and environment will determine the organizational structure, which an organization will use to achieve its overall goals. This is because environment and technology determine the three flows of activities in business organization namely input through (Technology) and out put of activities.


1.3 Purpose / Objective Of The Study

The broad objective of this study is to identify environmental influence and major constraints militating against productivity in business organization.

Furthermore the project will identify the environment problem and contributions adequate environment analysis have in survival and sustenance of business organization.

Finally this study made practical recommendation based on the findings on immense benefits from environmental study and control in the life business venture.


1.4 Research Question

The study suggests that strong performance requires more than an appropriate match or strategy to environment other words environmental analysis and diagnosis need to be done by the strategist to determine the magnitude and direction of opportunities and threats in order to respond appropriate.

In view of this research work I shall attempt to address the following central issues.

  1. What are the strengths and weakness of the organization?
  2. What is the impact of the environment on business organization?
  3. Does the company have adequate supply of its factors of production? Do these factors give the company any competitive advantage over other companies?
  4. How can business exploit the opportunities in the environment?
  5. How does the company respond to the changes in the environment?
  6. Does the organization engage in market research? Has this contributed to the ability to generate new product and new approaches to doing business?

1.5 Research Hypothesis

  1. Ho: in the event of change in economic, the organization does not experience changes in productivity
    Hi: in the event the change in economic, the organization experience changes in productivity.
  2. Ho: the monitoring of the environment does not create impact on the organization.
    Hi: the monitoring of the environment create impact on the organization.

1.6 Significance Of The Study

The purpose of this work has greatly been outplayed. This work greatly shows that the micro and macro economic situation in the world have necessitated the need to explore the influence or 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 as it gives numerous reasons why feasibility studies should be conducted in order to establish the organization to be sited to ensure maximum productivity in a competitive market.

Finally students and potential investors for knowledge acquirement also equipped good future business administrators in any part of the world and for wise investment decisions.


1.7 Scope / Delimitation Of The Study

This research work on the influence of business environment on the productivity of business organization will be centered the selected business organization in Owerri.


1.8 Limitation Of The Study

Problem and prospects, the major focus in both small and medium scale business organization in order to determine their various degrees pf environmental influences militating against productivity in out changing business world.


1.9 Definition Of Terms And Concept

1. Organization:

This is a deliberate association of two or more individuals working co-operational towards a common objective under authority and leadership.

2. Business Organization:

These are organization primarily oriented towards economic productions.

3. Productivity:

A measure of how well resources are brought together in organization and optimally utilized for accomplishing a set of results.

4. Management:

This is the process of directing co-coordinating and influencing the operations of an organization so as to obtain desired results and enhance performance.

5. Technology:

The science of technical process in a wide, thorough related field of knowledge. This industrial technology embraces the chemical mechanical and physical sciences as these are applied in industrial processes.

6. Decision Making:

This is a series of steps that starts with an identification of problem under consideration. It can simply be said to mean a deliberate adoption of means to ends.

7. Effectiveness:

The extent to which an organization as a social system given certain resources and means, fulfils its objective without incapacitating it means and resources and without placing undue strain upon it members.


I bet you, the complete material is fully loaded. This is just an excerpt. The Material is in MS-Word Format which you can easily edit and is comprehensive for a complete research work for this topic


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How to nail it on the head during your project defence


You are through with writing that project. Now what?

You have found yourself at that point where you have to defend what you have written. Of course you have to stand in front of your supervisor and other literary personalities to prove that you know what you wrote in your project paper. Unfortunately, the more you think about it, the more it looks like you are about to face a legion. It is not a war. But the emotion of dread welling up inside of you makes it look like one. So now you are asking yourself questions.

  • How am I going to start?
  • I hope I will do well enough to get an A.

You really want to nail it, but you need to come to terms with exactly how to get everything in perfect control. Especially your emotions of fear that seem to make a wreck of you every time you think about public speaking.
So here is the deal. I want to help you avoid that feeling that would ruin your precious moment if you dare to let it. And we are going to do it together.

I am going to highlight some very important tips to help you get in control for you to be comfortable enough to move from that feeling of DREAD to CONFIDENT; and making an awesome Impression for that great rating your supervisors should be giving to you so freely.

Consider these tips as you prepare for your defence. We will be taking them one after the other so here we go.


Watch Your Body Language And Keep It Confident:

Can you tell that a person is falling apart if they look confident? … If I can second guess you rightly, am sure you answered no to that question. Remind yourself that you need to come out that way. Now this might seem like a huge big deal when you are dealing with the foreboding. Maintaining a poise of confidence is very important. So find your most comfortable position, sitting or standing and draw up your body. You must exude confidence. It is something you need to do for yourself. People can only see what you allow your body language to show. So you must endeavour to put that out. Remember the story of David and Goliath? … At the end of your defence day, you want to be David.


Dress In Your Most Comfortable And Impressive:

Am sure this one is a no brainer. However I must highlight that you choose comfortable pieces. You don’t want to look so good and yet look like you were forced to wear something that does not belong to you. It’s great to ensure that as impressive as your clothes are on you, that they are also very comfortable.


Speak With Authority:

Going hand to hand with that aura of confidence is your most powerful asset:your words. If you look that confident, your words must not come out like whimpers. To be able to pull this off, you definitely need to speak as deliberately as possible in expressing yourself. Let them also hear what they see.


Use, Your Gestures:

I have often found this to come to my rescue in dealing with shyness and conveying my confidence. Usually it gives you an edge to also drive home your point. You must, however, ensure that you do not over use it. It doesn’t mean that your hands should be flying all over the place. That would be absolutely unnecessary. If you do this well, after a while you will realize that you are not as self-conscious as you used to be at the very start. For most situations, it would have completely disappeared altogether; leaving a really confident you talking.


Have A Good Opening And Closing Line:

Make sure you have perfected a good opening line. You should also be armed with a good closing line too. Try and rehearse it to a friend. If for the first time you presented it, your friend does not say “wow, that’s beautiful” or something like that; just know you need to keep refining it until you get the perfect line. Both opening and closing lines will go a long way in how impressed your panel gets to rate you high.


Make Sure You Know Your Work:

Certainly you should understand how important it is to know your own work from start to finish. Not having in-depth knowledge of your own work is tantamount to a suicide mission. Why should you kill yourself?
When all is said and done, this is what you came to defend in the first place. You should know your work from A to Z.


Prepare For The Questions:

Now this part is truly essential. You must be sure you do not floor all the good work you did on your presentation by not answering correctly. You must pay attention to the questions you are asked to be sure you will give the right answer. Many people get it wrong at this stage and spoil their good presentation. When you do not understand any question do endeavour to ask the person to expatiate what they mean before you answer.


These tips are by no means exhaustive, but applying these tips will give you some necessary advantage you need for a great outcome. Of course that outcome would mean that you eventually earn all your points on this project.


The structure of a good project work


Undergraduate projects in Nigeria is a prerequisite for graduation amongst Nigerian tertiary students who will which to obtain bachelors degree in their respective courses of study such as accounting, banking and finance, business administration and a host of others. Writing an undergraduate project in Nigeria for final year students entails a lot both financially and otherwise. Being able to develop any final year project depends on getting a researchable topic whether it is Accounting Undergraduate project topics, Banking and Finance research topics or banking and finance project topics and materials and it all requires diligent hard work of students who are willing to develop best undergraduate projects in Nigeria and graduate in flying colors.

A typical Undergraduate project in Nigerian tertiary institutions can be said to be divided into five or six chapters depending on the format of the school and course of study which are


1. Introduction

The introduction of an undergraduate project states the main research problem and research argument. What precisely the study is all about and why it is important. It looks at the originality of the research work and how it will fill the gap in other studies. Justification for a research undergraduate topic should not be lengthy before it has been explicitly stated.

Below are the contents in chapter one of an undergraduate research project which includes;

  • Background of the study,
  • Statement of the problem,
  • Objectives or aims of the study,
  • The research questions,
  • Research hypothesis,
  • Significance of the study,
  • Scope of the study,
  • Limitations of the study and
  • Operational definition of terms.

2. Literature review

Literature review of any undergraduate research work, be it business administration project topics or Economics project topics just to mention a few is very critical to securing a high grade in one’s project work. The literature review of a research process uncovers what other writers have written about the student’s topic. A student’s undergraduate research work should include a discussion or review of what is known about the subject and how that knowledge was acquired. The review could conclude with a brief summary of the literature and its implications. The contents of the literature review are the theoretical review, conceptual framework, empirical review and summary of literature review.

3. Research Methodology

This section includes a description of the research methods used in the undergraduate research work such as the sample size, data collection methods, measurement instruments, research data analysis procedures and the population from which the sample was selected.  This section also describes the method used in selecting the sample or samples, validation and reliability of the instruments used in the research work. There are different research statistical techniques used in undergraduate research work such as SPSS, e-views etc.


4. Results & Discussion

This section presents and discusses the data analysis results used in an undergraduate research work, the results of each analysis is being summarized, tabulated, and then discussed for each research question.  Then for each research hypothesis, the statistical test of significance selected and applied to the data is briefly described, followed by a statement indicating whether the hypothesis was supported or not supported.  In presenting the result analyses/summary in an undergraduate project tables and figures and or graph are used to add clarity to the presentation.


5. Summary, Conclusions And Recommendations

This section summarizes the findings of the study in an easy to understand manner.  It also explains the practical implications of those findings, and points to recommended directions for future research in that area.


References:

This is where every source cited in the undergraduate research work is being included. Every undergraduate research work must be properly referenced for its authenticity.


Choosing A Good Project / Research Topic


Students in Nigerian universities these days wish to choose a very simple project topic/material. There is no issue choosing a simple project topic; the only problem is your ability to choose a good project or research topic that your supervisor will easily approve for you.

Most project supervisors really want to see how good his or her project student understands his or her surrounding through the kind of topic he or she chooses for their project work.

There are some project topic that are not reject-able; for instance in Nigeria of today; what do you think is the major issue on ground now?

If a project student can choose or craft a topic on the effect of dollar increment on the economy of Nigeria. Such project topic will be very interesting to write on.

Now what are the qualities of a good project topic?

  1. The materials for the project topic must be easily assessable.
  2. The project topic itself must be meaningful.
  3. The variables must be able to give a clear aim of the project topic.

What do I mean by variable?

Well I am deriving my point from the area of project writing; the variables here are those main words in the project topic.

Like the above project topic; the effect of dollar increment on the economy of Nigeria. You can see the main variables that really define this project topic are:dollar, increment and economy.

Before you present your topic to your project supervisor, first of all understand your project topic, and then secondly try to do some research for your topic to see if at least you can get up to 60% of what you need to write the complete project.

I said that above because you might have a very nice topic that the materials are not available online and there are no books as regard the topic; in this case the project topic becomes difficult for you even though the topic is catchy.

What do I mean by your topic being assessable?

Well what I mean is very simple and easy to understand. Simply pick your project topic, type it on google and see if you will have at least a good background for the topic you are writing on.

If you can have a good background for your project topic and you can understand the problem associated with the project topic, then I believe the aim of the project is not far-fetched.

SAMPHINA ACADEMY

SAMPHINA ACADEMY

Samuel Obiora Blessed is the CEO and founder of Samphina Academy (samphina.com.ng) a.k.a Nigeria Students Media, the youngest engineering graduate of Federal Polytechnic Nekede in 2017 and the engine brain behind this great platform. He is the man behind the scene, filled with many potentials, a musician as well as a pro developer with the interest of Nigerian students at heart.

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