THE NIGERIAN MEDIUM SCALE BUSINESSES: ISSUES, CHALLENGES AND PROSPECTS
TABLE OF CONTENTS
CHAPTER ONE: INTRODUCTION
1.0 Background to the Study
1.1 Statement of the Problem
1.2 Objectives of the Study
1.3 Significance of the Study
1.4 Research Questions
1.5 Research Hypothesis
1.6 Scope and Limitations of Study
1.7 Definition of terms
1.8 Outlines of Other Chapters
References
CHAPTER TWO: LITERATURE REVIEW
2.0 Preamble
2.1 Historical Background of Medium Scale Enterprises in Nigeria
2.2 Review of Relevant Entrepreneurial Theories
2.3 Meaning and Definition of Medium Scale Business
2.3.1 Characteristics of Medium Scale Business
2.4 Management and Operations of Medium Scale Businesses
2.5 A Review of the Nigerian Economic – Buoyant and Depressed
2.5.1 Buoyant Economy
2.5.2 Depressed economy
2.6 Problems of Medium Scale Industries in the Nigerian Economy
2.7 Prospects of Medium Scale Businesses
2.8 Some Development Programmes Assisting the Development of Medium Scale Enterprises in Nigeria
2.9 Medium Scale Business Success in Nigeria
References
CHAPTER THREE: RESEARCH METHODOLOGY
3.0 Preamble
3.1 Research Design
3.2 Research Methodology
3.3 Scope of Data
3.4 Data Collection Methods
3.4.1 Questionnaire
3.4.2 Interview
3.5 Population and Sample Size
3.6 Filed Work
3.7 Analytical Procedure
References
CHAPTER FOUR: PRESENTATION AND ANALYSIS OF DATA
4.0 Preamble
4.1 Analysis of Bio-Data
4.2 Analysis and Interpretation of Responses to Questions
in the Questionnaire
4.3 Testing and Interpretation of Hypothesis
4.4 Findings
CHAPTER FIVE: SUMMARY
5.0 Preamble
5.1 Summary of Findings
5.3 Conclusions
5.4 Recommendations
5.5 Suggestion for Further Studies
Bibliography
Appendix
CHAPTER ONE
INTRODUCTION
1.0 BACKGROUND TO THE STUDY
Historical facts has show that prior to the late 19th century, cottage industries, mostly small and medium scale businesses controlled the economy of Europe. The industrial revolution changed the status quo and introduced mass production. The twin oil shocks during the 1970s undermined the mass production model, which triggered an unexpected reappraisal of the role and importance of small and medium sized enterprises in the global economy. Findings by economists over the years show that small firms and entrepreneurships play a much more important role in economy growth and development. (www.wiki.answer.com).
Many economies, developed and developing, have come to realize the value of small businesses. They are seen to be characterized by dynamism, witty innovations, efficiency and their small size allows for faster decision-making process. Government all over the world have realized the importance of this category of companies and have formulated comprehensive public policies to encourage, support and fund the establishment of SMEs. Developments in small and medium enterprise are a sin quo non for employment generation, solid entrepreneurial base and encouragement for the use of local raw materials and technology. Giving insight into the SME phenomenon, a paper delivered at a forum by Mallam Mohammed Hayatu been, titled “Stakeholders Roles and the development benefits in a virile small Enterprise Sector’s, pointed out that small business operations are propelled by the dynamic theory, which makes them efficient and prone to constant change. He gave a comparative statistics using 9 developed countries on how SMEs create employment, increase job growth, induce change, innovation and competitions. (www.wiki.answer.com).
