ProjectClue.com We're Ready, Call Us

(+234) 07030248044

Project Topic:

MANAGEMENT CONTROL PRACTICE IN NIGERIAN BREWERIES CASE STUDY OF NIGERIAN BREWERIES PLC. KADUNA

Project Information:

 Format: MS WORD ::   Chapters: 1 - 5  ::   Pages: 58 ::   Attributes: Questionnaire, Data Analysis  ::   783 people found this useful

Project Department:

MANAGEMENT UNDERGRADUATE PROJECT TOPICS, RESEARCH WORKS AND MATERIALS

Project Body:

CHAPTER ONE

INTRODUCTION

BACKGROUND OF THE STUDY

Traditional budgeting has been criticized for a long time now for its inadequacy as a means of management control. Criticisms concerning its inadequate practices in a changing business environment emerged as early as the mid 1980’s with Johnson and Kaplan (1987) seminal book relevance lost?

It called also note from the work of Allen (1998). Who stated that the rapid changes in today’s business environment renders a rigid approach to budgetary control obsolete. It is no longer helpful in his anything up to 15 months previously. He argues that amongst the requirements of a more appropriate system, would be the building in of accountability to explain the differences between actual and planned performance. This demands a more immediate time frame of information reporting. Thus, there is a need to integrate strategic management and budgeting. The works of C. Adams et al (200) called be pointed to this regard. These author, conceptualized that to be effective, budgets must aligned with the organization’s strategies, appropriate strategic planning, and performance management process introduced, and must involve processes that are value based, consequential and continuous.

The work of Tim Blumentritt (2006) called be viewed as further contributions to the above stand point as he recognizes the need for organizations to integrate strategic management and budgeting. What seems rather unfortunate according to Tim Blumetritt (2006) is the fact that most organizations still great the budgeting and strategic management processes separately and also, a significant portion of small and medium sized enterprises do not engage in strategic planning (Tim Blunetritt 2006, p 74).

Hence, the reason for this research work which is to investigate the question; “what is the budgeting practice in Nigerian manufacturing company?” The motivation for this study also comes from the work of Herath and Indrani (2007) who investigated on the “roles of Budgetary Control System (BCS) as a component of the Management Control System (MCS) in creating and sustaining competitive advantage” and came up with a positive conclusion. They concluded that though BCS called play a leading role in establishing an efficient MCS for creating a sustainable competitive advantage, budgeting will not function in isolation (P 79). “Instead, it can be used more effectively oriented knowledge enterprise” (Herath and Indrani; 2007, P179)

The choice of Nigerian Breweries is related to the fact that it is a manufacturing company in a very competitive industry and lots of challenges faces Nigerian manufacturing companies as they struggle with economic depression and high inflation resulting form IMF world bank led structural adjustment plan (SAP) implemented by the Nigerian government. These programs were initiated to promote the liberalization of the domestic economy, operations efficiency, productivity growth, privately owned enterprises development, economic growth, trade and investment. The economic liberalization policies have nurtured on upon economy and have minimized the hurdles that the manufacturing companies need to clear in order to obtain raw materials and inputs, and other resources for productive activities. However, it has created an unprecedented change in their business environment through increased competition both in the domestic market and from need to development and implement a well conceived strategic plan is order to be competitive in the business environment.

Statement of the Problem

No matter ho well a plan is organized, it cannot produce results on its own, thereby the need for control strategy through budgeting practices to check compliance and excesses in the manufacturing industry with particular reference to Nigerian Breweries. What is the budgeting practice in the Nigerian manufacturing companies?

Objectives of the Study

The aim of this study is to investigate the management control practice (budget being the tool for management control) in Nigerian breweries. The objectives of this study include the following:

  1. To examine the present system of budgeting being practiced in Nigerian Breweries.
  2. To examine how budgeting and control system effectively put to use in order to enhance the accomplishment of the organizational set goals and objectives.
  3. To highlight some of the problems that militates against better performance.

Research Questions

  1. What is the present system of budgeting being practiced in Nigerian Breweries.
  2. How is budgeting and control system effectively used in order to enhance the accomplishment of organization goal and objectives.
  3. What are the problems that militate against better performance.

Significance of the Study

The target groups of this study are managers, business practionners and scholars in the field of business management. This will enhance a deeper knowledge about how better a management control would be if its essential tools are well integrated.

Scope and Limitation of the Study

The scope of this study is limited to the 2005 – 2010 budgeting periods of Nigerian Breweries Plc. The estimates of both revenue and expenditure of the above years will be examined. The process of budget preparation, control, management control, implementation and review will be covered by the study.

Limitation of the Study

The study is limited to Nigerian Breweries Plc. Kaduna and if they are applying the concepts of budgeting in their operations and how well. As the organization under consideration is a manufacturing firm having to contend with competition, we cannot justify the credibility of all information to be used for the study.

 

Get the complete project »

Instant Share On Social Media:

OTHER SIMILAR MANAGEMENT PROJECTS AND MATERIALS

IMPACT OF SOCIAL RESPONSIBILITY ON THE PERFORMANCE OF ORGANIZATIONS IN NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 67 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   4607 engagements

The article on this topic (impact of social responsibility on the performance of organizations in Nigeria) is an extract from literature review of the project material. The complete project work would...Continue reading »

EFFECTS OF EMPLOYEES’ COMMITMENT ON ORGANIZATIONAL PERFORMANCE

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 78 ::   Attributes: Questionnaire, Data Analysis,Abstract

CHAPTER ONE 1.1 INTRODUCTION In an era of limited resources, governments at all levels are pressured to produce maximum output with the least input. A great deal of attention has been given to a va...Continue reading »

MANPOWER PLANNING AND DEVELOPMENT AS AN EFFECTIVE TOOL FOR ACHIEVING ORGANIZATIONAL GOALS

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 85 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   7003 engagements

CHAPTER ONE INTRODUCTION: 1.1.BACKGROUND OF THE STUDY: Manpower planning and development is the first and the most important function of management. The essence of manpower planning and development...Continue reading »

IMPACT OF REWARD SYSTEM, EMPLOYEE TURNOVER AND PRODUCTIVITY IN NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: N/A ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   3090 engagements

ABSTRACT This project is mainly concerned with the relationship of wage policy, employee turnover and productivity. It’s generally agreed that human resources are very vital to the success or o...Continue reading »

ROLE OF MANAGEMENT IN MOTIVATING WORKERS IN THE BANKING SECTOR (A CASE STUDY OF FIRST BANK NIG. PLC. ENUGU)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 100 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   3544 engagements

ABSTRACT This project work was carried out to determine the role of management in motivating workers in banking sector, using first Bank Nig. Plc, Okpara Avenue, Enugu State as a case study. The purp...Continue reading »

SALARIES AND WAGES ADMINISTRATION AS A TOOL FOR IMPROVING EMPLOYEE’S PERFORMANCE IN AN ORGANISATION. (A CASE STUDY OF OLAMABORO LOCAL GOVERNMENT AREA OF KOGI STATE)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 85 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   4950 engagements

ABSTRACT This work is concerned with salaries and wages administration in Nigeria public sector, a case study of Olamaboro Local Government Area of Kogi State. It is on this premise that the study is...Continue reading »

What are looking for today?

WHAT OUR CUSTOMERS ARE SAYING:
  • 1. Abubakar Khalifah @Pkhal_Official from Bayero university kano (BUK) said "Indeed very knowledgeable and helpful. EXCELLENT!!!".
    Rating: Excellent
  • 2. Rabi At Babandi Ibrahim from Federal University gwagwalada said "Thanks very much for your wonderful and amazing solution may the almighty god help you ameen ".
    Rating: Very Good
  • 3. Rabi At Babandi Ibrahim from Federal University gwagwalada said "Thanks very much for your wonderful and amazing solution may the almighty god help you ameen ".
    Rating: Very Good
  • 4. Harry Harris Haniel from Ahmadu Bello University said "Good content ".
    Rating: Very Good
  • 5. Abdulrah-man Abdullahi from University of Benin said "A big thanks to the team for the effort exerted towards the completion of this academic piece. Projectclue shall always be referred to those seeking academic assistance.".
    Rating: Excellent
  • 6. Archit from Vips said "Great work and very value for money, i would recommend this for any project work ".
    Rating: Excellent

Leave a comment: