THE ROLE OF MANAGEMENT ON PRODUCTIVITY OF BUSINESS ORGANISATIONS (A CASE STUDY OF TRANSCORP HOTEL) – Complete Project Material


CHAPTER
ONE

INTRODUCTION

1.1.   
Background
of the study

Organizations are as old as the human race. As
years passed, the human beings understood that they could together solve
andmeet their needsin a productive way. This led them to coming together to
satisfy their needs and wants. Individuals who feel they have what it takes (skills,
talents and knowledge) form groups to produce the goods and render services to
people.

Organization is a group of people who work synergistically
to achieve a common goal and to complete certain tasks in an organized manner.
One of the inevitable parts of human life is a business organization.
Organization help to increase specialization and delegation of labour, use
large scale technology, manage the external environment, and also helps to use
resources carefully and to employ power and control. Several challenges and
opportunities for Organizations have been pointed out. It is very important
that the business organizations function effectively and productively. For a
business organization to be effective, they must provide good quality goods and
services at a considerable cost.

The managementis responsible for the proper functioning
and productivity ofa business organization. They get the work done through
people. They delegate the resources, direct the activities of every staff, and
take decisions to achieve organizational goals.

The management offers a business organization the
potential synergy for sustained competitive advantage, when properly deployed,
managed and utilized. For this reason the organization gains long
lastingwinning advantage through the organizations labor force. The winning
advantage gives an organization an edge over the competitors in its market. Employees
provide important condiments in growing a firm’s winning position only when
they are treated nicely by the management, this they accomplish using there
special talents such flexibility, innovation, superior performance, high
productivity and personal customer service and a host of others. There is a
growing consensus that effective management of human capital is critical to an
organization’s success (Barneyet al, 1998). Every period of technological
transformation comes with its high expectations of societal and organizational
restructuring of various processes for the purpose of increasing management
productivity. Increasing the productivity of an organization is one of the most
importantmust haves for socioeconomic development. The management also provides
numerous capabilities for improving productivity of an organization in both
public and private sectors. These benefits from management to productivity can
be divided into tangible and intangible. The tangible benefits comprises;
Reduced cost, Improved productivity,Increased market share, Savings in labor,
Increased consumer surplus,Improved customer service quality, Improved
organizational efficiency, Quicker response to customers, Deeper knowledge and
understanding of customers. While the intangible benefits comprises: Improved
decision-making ability, Superior product quality, Knowledge /information
management and sharing, improved coordination/relationships with partners and
other forms of competitive advantages.

The management plays several duties in a business
organization. They help an organization to reach their desired height. For
instance, organizations welcome technologies in other to solve problems and
reduce uncertainties. The management ensuresthat the organization’s mission is
aligned towards statement of moral principles and policies. In addition to
this, the management is also in charge of nourishing a culture that welcomes
getting the right information across to the right people and at the right time.
Thirdly, creates the “ultimate employee experience” by changing tacit knowledge
into a very clear one, grow and nurture employee skills, competencies and
creating bench strength. The management acquires and accommodates productive
knowledge sharing and usage into everyday life. It also has the ability to
create, measure and reinforce a knowledge-sharing zest.

The management must be able to controland selectively
recognize and reward, instead discouraging. They must take a unique and
strategic method to helping firms manage, organize everything regarding the
uses of technology such that the technology will be fully utilized for the
right purposes by the employees. And above all, the management must champion
the low-tech solutions to knowledge management.

1.2.   
Statement
of the general problem

The poor performance of business organizations in
Nigeria has been a reoccurring problem in most West African countries and
especially in Nigeria. This constant underperformance or poor performance has
led to the liquidation of companies and thus have drawn most of their workers
out of job which has regrettably led to the increase of unemployment in
Nigeria. The increase of unemployment in Nigeria as discussed is a direct
consequence of poor management of organizations thus leading to the increase of
crime wave as a result of joblessness of these able youths.

1.3.   
Aims and
objectives of the study

The main objective of the study is to examine the
role of management on productivity of business organizations in Nigeria. Other
specific objectives of the study are;

1.  To
examine the level of productivity of Nigerian organizations in Nigeria.

2.  To
determine the relation between management and the productivity of organizations
in Nigeria.

3.  To
examine the need for effective management in enhancing the economy.

4.  To know
if effective management of organizations reduces unemployment in Nigeria.

5.  To
recommend ways of improving management in Nigerian organizations.

1.4.   
Research
Questions

1.  What is
the role of management on the productivity of business organizations?

2.  What is
the level of productivity of Nigerian organizations in Nigeria?

3.  What is
the relationship between management and the productivity of organizations in
Nigeria?

4.  What is
the need for effective management in enhancing the economy?

5.  Does
effective management of organizations reduce unemployment in Nigeria?

6.  What are
the ways of improving management in Nigerian organizations?

1.5.   
Research
Hypothesis

H0:
Management
does not influence the productivity of business organizations in Nigeria.

H1:Management
influences the productivity of business organizations in Nigeria.

1.6.   
Significance
of the study

This research will be of much significance to
address the following problem.

Setting up a standard of management system in business
organizations which has really affected the operation of the organizations, and
also lack of effective leadership of the organizational members, which can be
attributed to quality management in the organization.This research work will
also go a long way to help the organization the research work is carried out
for them to compete globally in the market; it will also be of immense
contribution to future researcher the similar study.

1.7.    Scope of
the study

This study is restricted to the role of management
on productivity of business organizations with Transcorp Hilton hotel calabar
serving as the case study.

1.8.   
Limitation
of the study

Financial constraint– Insufficient fund tends to impede the efficiency of the
researcher in sourcing for the relevant materials, literature or information
and in the process of data collection (internet, questionnaire and interview).

Time
constraint
– The
researcher will simultaneously engage in this study with other academic work.
This consequently will cut down on the time devoted for the research work.

1.9.    Operational
Definition of Terms

Management:
The
organization and coordination of the activities of a business in order to
achieve defined objectives.
Management is often included as a factor of production along with machines,
materials, and money.

Productivity:Productivity is an
economic measure of output per unit of input. Inputs include labor and capital,
while output is typically measured in revenues and other gross
domestic product (GDP) components such as business inventories.
Productivity measures may be examined collectively (across the whole economy)
or viewed industry by industry to examine trends in labor growth, wage levels
and technological improvement.

REFERENCES

Akhtar,
S. Ding, D. Z. &Ge, G. (2008).“Strategic HRM practices and their impacts on
company performance in Chinese enterprises”. Human Resource Management, 47(1),
15-

32.

Arthur,
J. B. (1992). The link between business strategy and industrial relations
systems in American steel minimills.Industrial and Labor Relations Review, 45:
488-506.

Barney,
J. B. & Wright, P. M. (1998).“On becoming a strategic partner: The role of
human resources in gaining competitive advantage”. Human Resource Management,
37(1), 31-

46.

Gerhart,
B. &Milkovich, G. T. (1990).Organizational differences in managerial
compensation and firm performance. Academy of Management Journal, 33: 663-691


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