DIVISION OF LABOUR AND SPECIALIZATION, A TOOL OF INDUSTRIAL GROWTH AND DEVELOPMENT (A CASE STUDY OF VITAFOAM INDUSTRY, ENUGU
The research study conducted on this topic “Division of labour and specialization, a tool of industrial growth and development” was extensively done to include all the works and of it that could be sued to achieve industrial growth and development in any industry.
Indeed, for a firm, government establishment to grow, there is need to master the use and application of division of labour and specialization since no man is an Island, there exist division off labour in our homes, offices, firm every schools and other institution of higher learnings.
Despite few disadvantages attributable to this principle, the advantages however, outweighed its demerit for example, increase production scale, economy in the use of machine saving of time, etc are the economic benefit obtained in the application of the principle.
Though the research work reveals that poor application of the theory may not yield fruitful result. Such as lack of motivation to employees, irregular promotion, law salaries etc may hamper the process thereby resulting in inefficiency.
Therefore, this work has been properly administered to provide an enlisting solution to the area of problems and suggest critical ideals that would guild any management to achieve his industrial goal.
The research topic that will be conducted on this topic “Division of labour and specialization; a tool of industrial development and growth tends to point out all the nooks and carry that can be used to achieve industrial growth in any industry.
The research also tends to point out the advantages and disadvantages involved and the poor application that will not yield fruitful result.
The research study also points out the solution to the area of problem and suggest critical ideas that would guild any management to achieve his industrial goal.
TABLE OF CONTENT
Title page II
Approval page III
Table of content X
1.0 Introduction 1
1.1 Statement of study 3
1.2 Objectives of the study 5
1.3 Significance of the study 6
1.4 Formulation of hypothesis 6
1.5 Scope and limitation of the study 9
1.6 Definition of terms 9
2.0 Review of related literature 13
2.1 Meaning of division of labour 15
2.2 General division of work in vitafoam industry 22
2.3 Specialization in vitafoam 26
2.4 Growth and development in vitafoam industry 28
2.5 The company corporate policy statement 30
2.6 Company profile 31
2.7 Report of directors 36
2.8 Report of the auditors 49
2.9 Five year financial statement/summary 51
2.10 Cash flow statement 53
2.11 Statement of value added 55
2.12 Accounting policies 56
2.13 Unclaimed dividend warrants and share certificate 59
3.0 Research design and methodology 63
3.1 Validity and reliability of the measuring instruments. 69
4.1 Presentation, analysis and interpretation of data 71
4.2 Testing of hypothesis 83
5.1 Summary of findings, conclusion and recommendation
5.2 Summary of findings 84
5.3 Recommendation. 86