Government Regulation And Control Of Business In A Developing Economy

Government Regulation And Control Of Business In A Developing Economy.(A Case Study Of Nigeria Breweries Enugu)

Abstract

        The significance of government regulation and control of business in a developing economy lies in the fact that with laid down rules (laws) guiding the operation of business organization particularly in developing economy, their would be all sort of business malpractices that will not hinder the growth and development but also drawn the economy.

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The task of the research work is to investigate and examine government regulation and control of business in developing economy using Nigeria breweries plc as a case study with the view to establish why government regulates and control business is to identity general acceptable solution to their problems.

In this course of research, primary and secondary source were used to obtain information. Having analyzed the data tested, the researcher discovered the following:

  • That government regulation and control of business in developing economy has not really done much in the area of found development.
  • That there is insatiability in government policy which leads to the various abandonment of many plans are programmes scheduled to regulate and control the business organization.
  • That government is liable to meeting up with the demand of regulating business organization on developing economy.
  • That over-regulation of business activities mostly responsible for the ear performance of business organization.
  • That all system of regulation and control of business in developing economy is uncoordinated etc.

CHAPTER ONE

  • Background Of The Study

This could be traced back before, the independence of Nigeria; the, there was little or no manufacturing taking place. The role envisaged for the colonies by our colonial masters was that of producers of raw materials and consumers of finished products. Planned industrial development did not really commence until after Nigeria gained her sovereignty, there was change in economic activity due to the power shift from the colonial masters to the Nigerians. (INDIGENIZATION POLICY OF 1972).

In order to consolidate her political positions, Nigerian government started to encourage individuals to establish industries mainly for import substitutions. Manufacturing firms were set-up by private individuals for production of goods and services such as food processing, agro-allied industry, chemical, pharmaceutical industry etc.

Owing to the government encouragement on indigenization programmes in 1972 more business were established (as mentioned above). Also because of the vital roles business play in the economy, more manufacturing/multinational companies were established so as to stimulate economic activities and a means to develop the economy as a whole. Although, ever before the independence, most manufacturing sector that were operating in Nigeria economy were largely owned by foreigners and due to the indigenization programme that encouraged private owned business, Nigeria took interest in the operation and establishment. Most of the business owners or manufacturers were profit conscious of the consumer protection. In fact, almost everybody wants to make, it fast, and become a millionaires overnight. This ambition is what made most manufacturers to be producing low standard product which are detrimental to the health of the general public. Most products are below standard and do not at times achieve the objectives of the production. (Nnenna. B. Ani, 199:9) because of the average Nigerians attached to money (wealth), no matter how the wealth is a acquired, they dupe unsuspected business men or innocent member of the public.

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Instead of causing more harm to the Nigeria economy, hey should have gone into good ad services productions in order to improve on the economy. (Nnenna. B. Ani, 199:9) thus conserving our dwindling foreign exchange earnings and generating employment opportunities for and earns leaves and university graduates and earns some foreign exchange foe the economy just as there was a tendency that manufacturing system/ multinational companies will be of great help to the whole economy. (Ojemba .G. Agbo. 199:67). They are a few things a developing country needs as much a multinational companies. These are few contributions from which it can benefit so much as from the multinational corporation can make. In the economy of developing or less developed countries in which Nigerian in one, the impact of multinational corporation may be described as follows: health, employment, education, creation of industries, skills development, social responsibility etc.  So the companies like GAC foods, plc gumess smith laline beedan, M&B etc have through these provisions really created a great development to our economy. On the other hand, many harm have been done the development of the Nigeria economy, there are loops holes on the total development. They have not been performing as expected. Nigeria breweries plc in Enugu state have not found to be different in the case of ignorance and mismanagement of resourced.

Because of the damages caused by most business to the economy as a developing one, government therefore embark on regulation and control of business to ignorance this level of productivity and also to make positive impact on the economy.

  • Statement Of The Problem

The performance of business organization in Enugu state is major source of concern and worry to all well meaningful citizen of the state, even the state government. Most of the business organizations in Enugu State are equipped with numerous men, materials and other resources to manage.

Inspite of government regulation and control aimed at setting these business on a sound fooling, the management of these business organizations have proved to be inefficient, ineffective and non-result oriented. Even the government-owned industry  performed woefully.

Looking  intently at this statement, we can deduce  that Nigeria is endowed with many natural resources, numerous to mention, inspite of the level of natural resources that Nigeria has, mismanagement, lack of direction and misappropriation among other are the factors that are militating against the development of the Nigeria economy.

The researcher will however go further to add other factors as government regulation and control imposed on the business organization which have proved to be impediment to the profitability of these business. These regulation and control include appointment to this business of unskilled or un-rained staff.

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1.3        Objective Of The Study

The broad objective of the research is to study government regulation and control of business in a developing economy. The specific objectives are to kind out.

  1. The reason why government regulates and control business organization in a developing economy.
  2. The tools used by government for effective and efficient regulation and control.

iii.        And how government regulates Nigeria breweries  Plc.

1.4        Research Questions

This project will address the under listed issues which are:

  1. what are the effects of government regulation and control on the Nigerian breweries Plc?
  2. What are the factors responsible for the poor performance of the industry?

iii.        Does the industry have performance rating?

  1. How has fixation subsidies and subversions from the government attended the industry and economy in general?

1.5        Scope Of The Study

The research is base on the effect of government regulation and control of the business enterprises in the developing economy as regards to taxation and subversions imposed and granted to Nigerian breweries plc Enugu State. And how it affects the efficiency effectiveness, and the productivity of the industry.

1.6        Significance Of The Study

It is worthy to note that today is a review of yesterday and the basis for future plans of action.  That Nigeria economy is in stage of development today is evidence that, the economy will develop and appreciate to the benefit of all. This research study is therefore relevant first to various sector of the economy. It is equally relevant to policy making bodies of government as tasks participation in some business in the economy as concerned.

It is hoped that this study. Will benefits top management of the business organization’s whole operations and providing a kind of check-up list for efficient business management for the academic and Nigeria society. They research study will serve the objective of arising deeper and genuine  interest on the subject matter for further research aimed at eliminating theses terrible situation from our system. It is deliberate action that the intention of this study is to contribute towards improving the quality of business administration and management in Nigeria and the particular case in Enugu State.

Theoretical Rational

        Theories like Trederic .W. Taylon (1856-1915) max whether (1864-1920) Kari Marx (1818-1883) Roberto Michaels (1876-1936) Frederic. W. Taylor, an engineer dellentesiuely on the scientific management of human and material resources of any formal organization. Tailors and unit of analysis is not the society as a whole, but the individuals at the work place.

Simply put taylor is concerned more with the individual is an isolated unit an organization member. Max Weber-a German sociologist  used the concept of bureaucracy in his theories of modern society describing such organization with highly division of power authority structure, define position and the type of rules and regulation that guide the organizational members scientific management  refers to that approach to problems of rationality, predictability,

Frederic Winslow specialization and technical competence. It focus was on the designs are operation of production process on the design and operation of production process on the ‘shop” level of organization.

The first coherent theory of organization is referred to as scientific management, which come to be formulated in the beginning of the  wereith  century . At that time, the conditions in the factories were rather unplanned. There was complete absence of standardization of methods of work. Where that these methods were the efficient ones and whether the tools were the right and, were none of the responsibilities of management.

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Fayol Moade notable contribution to the study and practice of management. Which is below;

  1. Technical dealing with production of good and services. The method could be through production, manufacturing, fabrication, adaptation, extraction (Ile, 1999).
  2. Commercial dealing with buying and selling exchanging of words and money.
  3. Security insuring protection of man and material resources from danger.
  4. Accounting proper record-keeping of inventory activities, money, equipment and statically analysis of operation.

1.7        Limitation Of The Study

                The actual limitation of the study was the differently and unwillingness of both the government agencies and the business organization being studied to release needed information records and some documents.

The documents, they said are not for public consumptions original reports and financial statements were not released, funding, interference were based on aggregate (final) figure which are difficult to  dismantle, for the objective of time analysis and comparison. Nevertheless, responses were got through personal interviews and questionnaires.

The researcher was also constrained by time factor. Through a research of this sort is combined with a classroom work within a short time. However, these limitations were gotten over and the study conclusively carried out hundred percent-errors free. However, I hope the recorder of this work would find it interesting and useful even though it may not meet their expectations.

1.8        Definition Of Terms

Government:This refers to the body of person governing a state.

Regulation: This refers to the prescribed rules authoritative direction correct pattern used to moderate business activities in order to benefit both the government and the citizen at such nation.

Business:This is an economic activity in production of goods and services for the satisfaction of mankind.

Government Regulation And Control Of Business In A Developing Economy.(A Case Study Of Nigeria Breweries Enugu)

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