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FAILURE OF SMALL SCALE BUSINESS IN NIGERIA: CAUSES AND SOLUTIONS (A CASE STUDY OF SELECTED FIRMS IN ENUGU STATE).

Dept: BUSINESS ADMINISTRATION File: Word(doc) Chapters: 1-5 Views: 12

Abstract

This study is set to investigate the causes of failure in small scale enterprises in Nigeria, with a view to proffer solutions. In every economy there are simple system as well as complex one. At the simple stage of organization, ownership of business is not always distinct form management; this means that supervision of the business is in the hand of the owner. When the scope of business organization increases, it becomes very difficult for one person to co-ordinate, direct and control. At this point, that ownership and management becomes differentiated. Therefore, it becomes very difficult for the owner to supervise the business enterprise. It will be easier here for management to pursue goals that are different from the objectives set by the owner; which brings about conflicting objectives that can result in business failure. In Nigeria, it will be difficult to believe that a small-scale business enterprise that is owned and managed by the owner can collapse within a twinkle of an
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