Appraisal of Industrial Accidents and Their Effects on Profitability (A Case Study of Two Manufacturing Companies)

The MasterMind Project Akah Israel Chukwuemeka 110 PAGES (15538 WORDS) Thesis
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ABSTRACT

Appraisal of industrial accidents and their effects on profitability are presented. Two manufacturing companies, The Nigerian Bottling company, Owerri, and the Nigerian Breweries, Aba were selected for the study which covered a period of three business years (2011–2013). Data collection was through administration of questionnaires and personal interviews of some strategic staff of the Companies. The data were analyzed using Mean Percentage Method. The results showed that the Utility section of both companies had the highest risk rating of 4.3 in Nigerian Bottling Company and 3.2 in Nigerian Breweries. The lowest risk rating was found in the Fermentation section of Nigerian Breweries and the Raw material section of Nigerian Bottling Company with the respective rating values of 1.6 and 2.4. Furthermore, the percentage impact of accidents on the company’s profit were 0.75%, 2.08%, and 4.52% representing a profit loss of N3,719,800, N5,954,750, N9,085,900 respectively for 2011, 2012 and 2013 in Nigerian Bottling Company, while in Nigerian Breweries its percentage impact for the respective years are 1.92%, 0.99%, and 0.40%, representing a profit loss of N4,302,750, N3,492,050 and N1,986,600 respectively for the years under study. Based on the results, it is recommended that both companies should take steps to implement best safety practices and programs particularly in their Utility sections so as to reduce the level of industrial accidents. By so doing, they will reduce accident cost and improve their profits


 Content

Title Page

Certification

Dedication

Acknowledgement

Abstract

Table of content

Chapter One

1.0 Introduction

TABLE OF CONTENTS

  1. 1.1  Statement of problem ...............................................5

  2. 1.2  Aim and objectives of the study........................................6

  3. 1.3  Scope and Limitations of the study ................................7

  4. 1.4  Justification or impact of the study ................................8

Chapter Two

  1. 2.0  Literature Review ........................................................9

  2. 2.1  Past Cases of Industrial Accident/Injury Statistics ................12

  3. 2.2  Record of Past Industrial Accidents ...............................13

  4. 2.3  Definition of Safety ...............................................14

  5. 2.4  Safety Programme ...............................................14

2.5 Safety Culture .......................................................15

  1. 2.6  Potential Importance of Major Safety Programme Elements ................................................................16

  2. 2.7  People Oriented Culture .................................................16

  1. 2.7.1  ActiveSafetyLeadership/Management Commitment .........................................................16

  2. 2.7.2  Overall job design .........................................................17

  1. 2.8  Health and Safety Training ..........................................18

  2. 2.9  Organizing Health and Safety. .........................................19

  3. 2.10  Managing Health and Safety at Work. .................................20

2.11 Importance of Health and safety in the Workplace .........................................................20

2.11.1Benefits of Workplace Health and Safety. ...........................21

  1. 2.12  Definition of Accident ..................................................23

  2. 2.13  Effects of accidents ......................................................23

  3. 2.14  Measurement of Safety Performance ...................................24

  4. 2.15  Tools for Measuring Safety Performance ...........................25

  5. 2.16  Critical Research Techniques: ...........................................25

  6. 2.17  Operations Research Techniques. ...................................25

  7. 2.18  Statistical Quality Control Techniques. .................................26

  8. 2.19  Definition Of Terms Related To Safety Implementation Programmes ...................................26

Chapter Three

  1. 3.0  Research Methodology ....................................................28

  2. 3.1  Data Collection ..........................................................28

3.1.1 Analysis of Questionnaire ...........................................28

3.5 Data Analysis Technique ...........................................32

Chapter Four
Results and Discussions
4.0 Nigerian Bottling Company ...........................................34

  1. 4.1  Raw Material Intake

  2. 4.2  Production Section

  3. 4.3  Packaging Section

  4. 4.4  Utility Section

Summary of Ratings for Nigerian Bottling Company ...........46

Nigerian Bottling Company Multiple Bar Chart ..................47

Summary of accident cost and percentage impact on Profitability in Nigerian Bottling Company ..........................58

Nigerian Breweries Plc .................................................60

  1. 4.5  Raw Material Section ................................................60

  2. 4.6  Brewing Section .........................................................63

  3. 4.7  Fermentation Section ................................................66 vii

  1. 4.8  Packaging Section ......................................................69

  2. 4.9  Utility Section .........................................................72

    Summary of Ratings for Nigerian Breweries ..................75

    Nigerian Breweries Multiple Bar Chart ...........................76

    Summary of accident cost and percentage impact on
    Profitability in Nigerian Breweries ....................................87

Chapter Five

5.0 Conclusion and Recommendations ....................................92

  1. 5.1  Conclusion ...........................................................92

  2. 5.2  Recommendations ...........................................................94

    Références ...........................................................95

    Questionnaire ...........................................................98 

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APA

The MasterMind, P (2021). Appraisal of Industrial Accidents and Their Effects on Profitability (A Case Study of Two Manufacturing Companies). Afribary.com: Retrieved March 09, 2021, from https://afribary.com/works/appraisal-of-industrial-accidents-and-their-effects-on-profitability-a-case-study-of-two-manufacturing-companies

MLA 8th

Project, The MasterMind. "Appraisal of Industrial Accidents and Their Effects on Profitability (A Case Study of Two Manufacturing Companies)" Afribary.com. Afribary.com, 22 Feb. 2021, https://afribary.com/works/appraisal-of-industrial-accidents-and-their-effects-on-profitability-a-case-study-of-two-manufacturing-companies . Accessed 09 Mar. 2021.

MLA7

Project, The MasterMind. "Appraisal of Industrial Accidents and Their Effects on Profitability (A Case Study of Two Manufacturing Companies)". Afribary.com, Afribary.com, 22 Feb. 2021. Web. 09 Mar. 2021. < https://afribary.com/works/appraisal-of-industrial-accidents-and-their-effects-on-profitability-a-case-study-of-two-manufacturing-companies >.

Chicago

Project, The MasterMind. "Appraisal of Industrial Accidents and Their Effects on Profitability (A Case Study of Two Manufacturing Companies)" Afribary.com (2021). Accessed March 09, 2021. https://afribary.com/works/appraisal-of-industrial-accidents-and-their-effects-on-profitability-a-case-study-of-two-manufacturing-companies