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Critical analysis of causes of business failure on milling organizations in Nigeria

 Department: Business Administration and Management  
 By: usericon uzogood4u  

 Project ID: 5314
   Rating:  (3.2) votes: 11
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The purpose of this study was to ascertain the causes of business failure in milling organizations in Nigeria in order to accomplish this, four research questions were projected. Questionnaire was used to collect data that were designed to produce appropriate responses. Oral interview was also conducted and ten persons were interviewed using structured questions. Simple percentage method was used to analyze the data collected. The study revealed that inappropriate leadership style leads to business failure. It also revealed that subordinates should be made to take part in planning and decision making at all levels. The study further revealed that the business environment plays a vital role in the success and failure of the business and therefore should be considered in business decision. It is well performances of businesses. Nepotism and wrong placement were also revealed by the study as being practiced in Nigeria and that they account for business failures, corruption, inefficiency and inconsistency were also shown as factors influencing business failure. ...
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