Key Features:
- No of Pages: 95
- No of Chapters: 05
Introduction:
Abstract
This study was motivated by the unstable economic climate pervading the country presently, its our belief that no meaningful result can be expected in terms of survival in any organization, establish strategy for coping with the dynamic trend of the economy and the periodic appraisal of such strategy for update purpose.
This project shall in summary attempt to look at Eleganza from within and try to see what system operates there that is still keeping them in business and how such business could be improved upon if the need arise. We shall highlight some of the defects inherent in the present system. Attempt shall be made to recommend alternative to such defects.
The project was given a broad introduction and some limitations were encountered which did not in any way, deter us from getting to the end of this project/study. We looked into necessary texts to see “what ought to be against what is”.
We appraised some of the relevant sections of such texts by citing them in the project.
We equally gave a brief but clear history of origin and operations of Eleganza. There we found out “what is” in reality
We also analyzed as much as possible all our findings at the company in attempt to recommend for the company.
The implications of our result findings were given and recommendations made as per what we judged appropriate strategies.
Suggestion from further research was also made.
Table of Content
CHAPTER ONE
INTRODUCTION
1.1 Background of the study
12. Statement of the problem
1.3 Purpose of the study:
1.4 Scope of the study:
1.5 Research question:
1.6 Research hypothesis:
1.7 Significance of the study:
1.8 Limitations of the study:
1.9 Definition of terms:
References:
CHAPTER TWO
LITERATURE REVIEW
2.1 The problems of organizational change:
2.2 Forces causing change:
2.3 Purpose and objectives of Management change
2.3.1 What should be changed:
2.3.2 The processes of managing change:
2.4 Advantages of managing change:
2.5 The new economic policy:
2.6 Selecting and developing appropriate strategies:
2.7 Specifications of objectives:
2.8 Brief history of Eleganza industries (Nig) Ltd:
2.8.1 Growth and Expression of its business activities:
2.8.2 Extent of business activities
2.8.3 Distribution Network
References:
CHAPTER THREE
3.1 Research design:
3.2 Areas of the study:
3.3 Population of the study
3.4 Sample and sampling procedure/technique:
3.5 Instrument for data collection:
3.6 Validity of the instrument:
3.7 Reliability of the instrument
3.8 Method of data collection:
3.9 Method of data analysis:
References:
CHAPTER FOUR
4.1 Presentation and analysis of data:
4.2 Test of hypothesis
4.3 Summary of result
References
CHAPTER FIVE
5.1 Discussion of result findings
5.2 Conclusions
5.3 Implications of research findings
5.4 Recommendation
5.5 Suggestion for further research:
BIBLIOGRAPHY.
APPENDIX
Introduction
1.1 BACKGROUND OF THE STUDY
According to Edward. H. (1976: p.146) he said that “the wind of the scientific management advocated by the Pioneers F.N. Taylor and his followers did not end at the factory where most of them were concerned mainly with the ultimate increase in productivity to the shared advantages of both the management and the workers”. He maintained that these early theories of scientific management were, however, influenced by the demand of the business environment as at that time: (a period of product scarcity)
However, Taylor and his men realized that the era of product scarcity should one-day end, a new era of product saturation and abundance would open up. This phenomenon because evident in the 1950’s and early 1960’s when most countries of the world experienced industrial revolution which brought about change in the world of industries. A change that had to be skillfully managed for industrial survival.
Although, this engendered more complex problems and challenges to the business enterprises and required the employment of more sophisticated approaches for solution, consequently, firms under one industry searched for all available innovative means to discharge the best in terms of services and production to their customers and to control a large portion of the market share. One of the strategies used to achieve this was the introduction of concept of “buy now pay later” which is technically known as credit grant.
Just like every stimulus exerts certain reactions, the result of management’s action sets forth a chain of “changes” in style. It is therefore the management of these changes that this study attempts to examine analyze and make some recommendations within the cost thirty-six months, a number of measures introduced by the government to bring the national economy back to its proper alignment have now become history, and there is no doubt that most of these measures have in one way or the other brought about change to the economic misfortunes of some companies as the case may be.
Prior to 1986, most manufacturing companies depended mostly on raw materials derived from foreign countries which were being purchased with the impart licensing system and the operation of L.C (letter of credit). This system was changed in 1986 with the introduction of second-tier foreign exchange market (SFEM) which definitely gave way to the single foreign exchange market which now makes it possible for individual and corporate bodies to purchase their foreign exchange directly, subject to the federal government stipulated conditions. One of the objectives of foreign exchange market is to establish a more realistic exchange rate for Naira. This was also a change.
There was also a change decreed by the federal military government in its 1987 budget speech, among others, aimed at making the economy self-reliant, and ensuring the abolition of the impart licensing system, the customers and exercise tariff with expert promotions and deregulation of the economy in other to uplift manufacturing capacity utilization.
In 1998 fiscal year, the foreign trade and exchange policy measures provided that the policy of guided deregulation introduced in 1995 be continued in 1998. in this regard, it is necessary to emphasis that with the abrogation of foreign exchange control act 0f 1962, all exchange restriction shall contain subject to minimum transaction shall continue while available foreign exchange is expected to be channeled to the productive sector. The implementation of this change brought about cost escalation without a corresponding increase in the purchasing power of the consumer. The income level remained stagnant. Competition for sell became more intensive. It seem reasonable at this time to assert that the economy become one where the consumer is “king.” In other wards, he has the final decision utilize his money where he believes that the value of the product is the optimal value of his money.
The introduction of second-tier foreign exchange market in the last quarter of 1986 as part of the on-going adjustment programmes (SAP) by the federal government appeared to be a silver lining in the sky, was however, to present its cloud. First was that it took a long time for its modalities to be understood by the whole people concerned including the Nigeria Banking System? The same problem was also encountered when the autonomous foreign exchange market (AFEM) was introduced in 1989. Consequently, it still took a long time for goods to arrive after the foreign exchange has been purchased from the market. This again was another change that needed to be managed using appropriate strategy for the survival of the industries.
The rumbles that rocked the financial institutions in 1994 head to the promulgation of failed band and other financial institutions tribunal in 1996 again brought about another changes that affected the industries. Again, the rate at which foreign exchange was being procured at the autonomous foreign exchange market brought about an inevitable rise in the prices of raw materials and consumer goods. With the purchasing power of consumers limited due to the wage freeze and strategy aimed at curbing inflation, manufacturers were faced with low demand for their products. This has meant the on-going low capacity utilization and subsequent pressure on the industrial relation. This also was a change that needed to be managed by the use of appropriate strategies like control on operating cost, improved productivity optimal efficiency and most importantly, planning operation generally.
Furthermore, local sourcing of raw material as a step towards reliant economy has also being part of changes that had affected industries and the economy at large. The future of most industries lie in their ability to source for their raw materials locally. A good example is brewing industries, which the government decreed that from 1988 purchase raw materials from foreign countries. This was also another change.
Finally, the introduction of computer in most companies in Nigeria in the mid. 1990s, which affected the industries in the areas; its relationship with its employees, productivities, services etc was equally a change. All these change, which must be managed effectively in order to survive, have instigated and aroused my interest to carrying out this research.
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