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lack of personal development

lack of passion

lack of continous training

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Q: Causes of failure of small scale business organisation in nigeria?
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What are the causes of business combination?

1.Wasteful competion


What is one of the largest causes of fire in the business environment?

Arson


Factors a business has to consider when doing business internationally which are not causes for concern in domestic business?

Currency conversionCurrency transferLanguageDifferences in commercial lawIntellectual property protectionDifferences in business cultureExport laws, procedures and documentationTax code differences


What industry forces might cause a propitious niche to disappear?

Propitious niches can disappear if the external environment and the industry changes. This happens when the market gets smaller because of factors beyond the control of the company and strategic business unit. A smaller market for products and services causes services to be too narrowly demanded. Broader markets with high demands do will cause market niches. The strategic business unit through its own efforts, not only fills the demand, but actually causes the market to expand. The company and Strategic business unit changes due to demands for resources elsewhere in the corporation. This happens when the company is forced to hire and train more qualified workers for the production of current products. Another example would be when the company is forced to market penetrate. This happens when the companys sales need to grow to compensate demand in an existing market with a current product. Market development can also force a business strategic unit to ignore a niche, when the demand of a product is high in market where supply is low. The companies strategic business unit may be forced to cut back on its activities. Its own success in the niche may cause the company to move into nearby niches.


What is the term used when a public sector business is bought by a private individual?

When a Public Sector Enterprise (majority share owned by government) is taken over by a private individual or private organization, it is called 'Divestment'. In fact, Private Companies do not 'buy out' public sector companies. They can do so only if a government decides to 'divest' its stake and raise some funds out of it. Generally, governments decide to divest if: a) It cannot run a business successfully, b) It needs to generate funds for other social causes.