IMPACT OF PLANNING AND CONTROL AS A MANAGEMENT FUNCTION ON THE SURVIVAL OF SMALL SCALE BUSINESS IN BENIN CITY, EDO STATE

ABSTRACT

This research work is aimed at investigating the impact of planning and control as a management function on the survival of small scale business in Benin City, Edo state.

Descriptive survey was adopted for this research. Primary source of data collection was utilized and a total of 100 questionnaires was sampled and, used for this research. Descriptive statistics using SPSS was used to analyse the data from the questionnaire.

The result from the study showed that proper planning and control is a major problem facing small scale businesses as it can make them thrive even in harsh economic condition and contributes immensely to the economic growth and development of Nigeria. Planning and control also gives focus and direction to small scale business as this is important in driving home the potentials of small scale business in contributing to the development of the nation. It was recommended that symposia and Training with modern training approach should be organised by the government on effective planning and control to increase the management skills of small scale business owners in Nigeria. In designing programmes that are meant to boost small scale business performance in Nigeria, the government should endeavour to include the owners of small scale businesses in formulation of policies and the design of programmes that affect them. Government should empower financial institutions to be able to provide funds and mentorship platforms for small scale business owners in the country.

TABLE OF CONTENTS    PAGES

COVER PAGE--------i

TITLE PAGE--------ii

DECLARATION------- -iii

CERTIFICATION--------iv

DEDICATION-------v

ACKNOWLEDGEMENT------        -vi

TABLE OF CONTENT------viii

LIST OF TABLES-------     -xii

ABSTRACT--------     -xiii

CHAPTER ONE: INTRODUCTION

1.1 Background to the Study------1

1.2 Statement of the problem-------7

1.3 Purpose of the Problem-------8

1.4 Research Questions-------9

1.5 Research hypothesis------10

1.6 Significance of the Study-------10

1.7 Scope of the Study-------12

I.8 Limitation of the Study-------12

CHAPTER TWO: LITERATURE REVIEW

2.0 Conceptual framework-------14

2.1 Concept of Small Scale Business------14

2.2 Small Scale Business in Nigeria------15

2.3 The Importance of a Small Business------18

2.4 The Role of Small Business Enterprises in Nigeria----20

2.5 Concept of Strategic Planning------21

2.5.1 Planning--------24

2.6 Nature or Characteristics of Planning-----27

2.6.1 Classification of the Types of Planning-----30

2.7 Relevance of Planning to Business Organizations----35

2.8 Strategic Planning--------37

2.9 Strategic Planning and Performance of Small Scale Business---38

2.9.1The Role of Strategic Planning on Small Business Enterprises--39

2.10 Concept of Control-------41

2.10.1 Purpose of Control--------43

2.10.2Relevance of Control-------44

2.11 Control Strategy--------45

2.12 The Relationship between Control and Planning---48

2.13 Planning and Control in Guiding an Organization---50

2.14 Significance of Planning and Control----50

2.15 Theoretical Framework-------51

2.16 Empirical Studies-------55

CHAPTER THREE: METHODOLOGY 

3.1 Introduction--------62

3.2 Design of the study--------62

3.3 Population of the study-------62

3.4 Sampling and sampling techniques------62

3.5 Instrument for data collection------63

3.6 Validity of the instrument-------64

3.7 Reliability of the instrument -------64

3.8 Method of data collection-------64

3.9 Method of data analysis-------65

CHAPTER FOUR: DATA ANALYSIS, PRESENTATION OF RESULTS, AND DISCUSSION OF FINDINGS

4.1 Introduction--------66

4.2 Demographic Attributes-------67

4.3 Analysis of Research Questions ------70

4.4 Discussion of Findings-------87

4.5 Test for Hypothesis-------91

CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATION

5.1 Introduction--------98

5.2 Summary of Findings-------98

5.3 Conclusion--------99

5.4 Suggestions/Recommendations------100

5.5 Suggestion for Further Studies------102

References---------103

Appendix---------109