|
|
| |
| Mismanagement Challenges Among Manufacturing Firms In South-South Nigeria |
ONORIODE, OMORHO HUMPHREY and AGBELE GEORGE (Ph.D)
|
Abstract:
The study focused its empirical verification on three key areas which are very fundamental to the study, viz: delay in decision making, internal control system and lack of strategy. The population covered 235 selected manufacturers from the registered manufacturing firms in the area. Under the study, we have a sample size of 147 which was determined by Taro Yamene technique. Source of data was through primary and secondary means and the instrument used for the collection was also questionnaire which was administered by the researcher. 130 copies of the questionnaire were returned (88% response rate to the questionnaire). Data were analyzed through chi-square method. The result revealed that there is a positive significant relationship between delay in decision making, internal control system, lack of strategy and mismanagement. The study recommended that delay in decision making should be avoided by manufacturing firms to discourage manipulation and favoritism that promotes mismanagement. Again, corporate strategic planning that make provision for participation in the management decision making that will give a managerial vision is also advised.
|
|
|
| | |