Submit your papersSubmit Now
For Enquiries: [email protected]
IIARD LogoIIARD

Effect of Monitoring and Evaluation Strategies on Project Completion in Cross River University of Technology (Crutech), Cross River State, Nigeria

Catherine I. A. Awah , Obo Ekpenyong Bassey, Eteng, Joy Umuolo, & Eni, Naomi Isang & Samuel Manyo Takon, Emefiele, Charles C, & Stephen Ekpo Nkamare & Mbaze-Ebock Vivian Arrey

Abstract

This study analyzed financial management approach in the success of small scale business. The purpose of this study is to carry a study on a financial management system and the survival of small scale industries in Nigeria with particular reference to one among the leading printing press situated in north eastern part of Nigeria known as Ramadan Printing Press, Bauchi State. The survey research design was adopted and Instrument of data collection are questionnaire and personal interview which formed the source of primary data and secondary sources of data were also used. 40 questionnaires were distributed to the staff of the company and only 35 were filled and returned. Tables and simple percentages were used to analyze the data. The statistical tool used to test hypotheses was chi-square (X2). The major finding of the research is that the use of poor accounting and internal control system has negative impact on the survival of small scale industries in Nigeria. Based on the finding, the study concludes that it is clear that financial management approaches is the main factor in the success of small scale business. , Based on the conclusion the study recommends that there should be proper financial management concerned with planning and controlling of the firm’s financial resources and there is no way a business can succeed without planning and controlling its financial resources.

References

AAS. (2011). Program proposal. CGIAR Research Program on Aquatic Agricultural Systems. Lagos: Global Publications. Agumena, D. (2013). Projects and principles of management forum for environmental in Ethiopia .Retrieved from www.ffe-ethiopia-org/ethiopia-environmentalreviewpdf Barry, B. W. (2007). Strategic planning work book for non-profit organizations. Revised edition. London: Wilder Foundations. Best, J. W. & Khan, J. V. (2003). Research in education. (7th ed.). New Delhi: Prentice Hall. Biggs, S. & Smith, S. (2003). A paradox of learning in project cycle management and the role of organizational culture. World Development, 31(10), 1743–1757. Bryson, J. & Farunmi, K. A. (2005). Creating and implementing your strategic plan. A work book for public and non-profit making organizations. Jossey: Bass Publishers. Chelimsky, E. (1997). The coming transformation in evaluation. Oaks: Sage Publication. Conservation Measures Partnership (2003). Conservation Partnership: Washington DC. Cray, A. (2001). From stakeholder management to stakeholder accountability. Retrieved from: www.researchgate.net/profile/Andreas-Rasche/publication/... Dugan, P., Apgar, M. & Douthwaite, B. (2013). Research in development: The approach of AAS.AAS Working Paper. London: Ivan Publications Fonseca, J. (2002). Complexity and innovation in organizations. London and New York: Routledge. Gok, (2009) Kenya National Bureau Statistics (KNBS). Hockings, M., Stolton, S. & Dudley, N. (2000). Evaluating effectiveness: A framework for assessing management of protected areas. UK: IUCN. Kantor, P. &Apgar, M. I. (2013). Transformative change in AAS. Penang: World Fish. Lennie, J. (2006). Increasing the rigour and trustworthiness of participatory evaluations. Valuation Journal of Australasia, 6(1), 27–35. Mark, M. M. (2000). An integrated framework for understanding, guiding and improving policies and programmes. Francisco: Jossey-Bass. Mayne, J., Douthwaite, B. & Stern, E. (2013). Evaluating natural resource management programs. Penang, Malaysia: CGIAR Research Program on Aquatic Agricultural Systems. Practice Brief: AAS, 2013-23. Milka, W. (2011). Guide to the logical framework approach republic of Serbia. Retrieved from: www.naturaltherapypage.com. Moi, D. T. (2006). Kenya African nationalism: Nyayo philosophy and principles. London: Published by Macmillan Publishers Ltd. Mulwa, F. W. (2010). Demystifying participatory community development beginning from the people ending at the people Patton, M. Q. (2011). Developmental evaluation. New York: The Guilford Press. Paul, M. (2005). Principles of project monitoring and evaluation. www.plantscience.paulinepublications.African daughters of St. Paul 00100 Nairobi G.P.O. Kenya. www.plantscience. Accessed February, 2014. Simon, F. (1986). Monitoring and evaluation massachuse its institute of technology. Retrieved from: Webmitedu../issues-tools/monitoring Whitty, B. (2008). Accountability principles for research organizations. London: One World Trust

More Articles from IIARD INTERNATIONAL JOURNAL OF ECONOMICS AND BUSINESS MANAGEMENT