EFFECTIVENESS OF FINANCIAL CONTROL IN PUBLIC SECTOR
ABSTRACT
The focus of this study is the effectiveness of financial control in the public sector. This stud adopted survey design method of research. A population of 500 workers where their, a sample of 150 were selected randomly, among the three categories of workers i.e. higher staff, middle and lower staff. A structure of 22 questions questionnaire was administered to the selected sample. The questionnaire was given to two senior officers of the ministry and an others to the project supervisor to validate the question. Out of the 150 were returned. Statistical tools like tables percentages were used to analyze the responses from the sample. After the analysis and finding recommendations were equally made to have effectiveness of financial control in the ministry which can be extended to other ministries as well to enhance good financial control.
CHAPTER ONE
Introduction
1.1 Background Of The Study
Every organization has the need to increase sales volume in order to yield maximum profit to the organization; at the same time to create awareness of the products of the organization and finally convince customers to make purchases commitment to the organizations brand of products.
Advertising basically as an integral part of the marketing program, has long been recognized as a means of spreading information to the various sectors of the economy for accomplishing various marketing goals.
It is a means by which an organization makes known to the public what it wants to sell or buy. Advertising messages also enlighten the consumes on the usefulness of a product, services or idea and consequently create in the consumer a desire to procure such product or act favorably towards such services or idea.
By itself, advertising is a vital marketing tool that helps to sell goods services, images and ideas through information and persuasion (Ebue, 1995:53) he also maintained that many firms allocate the largest share of the promotional budget to advertising as an indication of its vital role in the sale of products. Basically, the aim of advertising is to stimulate the need awareness of a product, convince the customer and finally lead them to act, (making purchase) which consequently, increases the sales volume in an organization. Therefore, advertising is a very powerful marketing communication tool for increasing sales in an organization thus, it becomes imperative that every profit or non profit oriented organization needs to advertise in order to achieve the main bottom live of being in business.
This study is an effort to determine the extent in which advertising has contributed to the awareness, persuasiveness of the firms products or brands and in tarn increase sales in John Holt Ventures Ltd Okpara avenue Enugu.
John Holt Ventures as a business outfit at about 1827 in liver pool and later developed into a group of companies. John Holt was incorporated in Nigeria in 1910 as a buying out fit, manufacturers and distributors, sales and services of machninees, industrial equipments and other items like motor cycles, generators, speed engine boats etc.
John Holt Ventures Ltd has branches all over the nation and used advertising in getting them products across to their numerous customers.
1.2 Statement Of Problem
John Holt Ventures Ltd is the leader in the distribution, sales and serving of machineries and industrial equipment in Nigeria and has remained successful in business since its inception.
The organizaì¥Á 7 ð ¿ 3ò
bjbjU U ” 7| 7| .ê ÿÿ ÿÿ ÿÿ l à à à à à à à ô rx rx rx rx 4 ì¥Á 7 ð ¿ 3ò
bjbjU U ” 7| 7| .ê ÿÿ ÿÿ ÿÿ l à à à à à à à ô rx rx rx rx 4 t and effective for increasing sales volume?
Has advertising information led to quick purchase of the organizations offering?
1.3 Objectives Of The Study
The primary aims of the study are as follows
- To ascertain whether advertising by John Holt creates awareness of its products and persuade consumers to buy the products
- To find out of John Holt’s advertising messages / programs provide information needed by the consumers to make purchase decision.
- To know whether John Holt ventures advertising message / programs influence consumers attitudes towards brand patronage of the organization offerings.
- To ascertain whether, advertising actually increases the sales volume in John Holt Ventures
- To ascertain the most efficient and effective media of advertising for the organization
- To make recommendation as to how to improve other media of John Holt Ventures.
1.4 Research Hypotheses
Hypotheses I
- Ho: John Holt Ltd advertising message does not create awareness of its products.
- Hi: John Holt Ltd advertising message creates awareness of its products.
Hypotheses II
- Ho2: The use of advertising message does not increase sales volume of John Holt Ltd.
- Hi2: The use of advertising message increase sales volume of John Holt Ltd.
Hypothesis III
- Ho3: John Holt Ltd’s advertising messages does not influence consumer to continuously patronize its products.
- Hi3: John Holt Ltd’s advertising messages influence consumer to continuously patronize its products.
Hypotheses IV
- Ho4: Advertising does not lead to frequent purchase of the organization’s offerings.
- Hi4: Advertising lead to frequent purchase of the organization’s offerings.
1.5 Significance Of The Study
Business is undertaken to satisfy customer and maximize profit and this will be invariably actualized when the sales volume increases in an organization, which can be achieved through the use of advertising.
This stud will be of immense benefit to John Hold Ventures Ltd in restructuring its advertising messages in a way that will be able to create awareness and influence consumers to make quick purchase decision on the organization’s offerings. It will further help John Holt Ventures Ltd to ascertain and appropriately allocate advertising budge to the media which advertising impacts mostly contribute to the increase in sales and continue using other media so as to maintain the increase in sales.
1.6 Scope Of The Study
This study is a case study in the area of advertising as a tool for increasing sales in an organization (John Holt Ventures, Okpara Avenue Enugu) the researcher carried out the study in Enugu metropolis.
1.7 Definitions Of Terms
Advertising:
Is defined as any paid form of non − personal presentation and promotion of ideas, goods or services by an identified sponsor, “Involves the use of mass media”. Ebue (2000:5)
Advertising:
Is defined as consisting of all the activities involved in presenting to a group a non − personal, oral or visual, openly sponsored message regarding a product services, or idea (Stanton 1981:414)
Advertising Objective:
It is a specific communication task to be accomplished with a specific target audience during a specific period of time. (Kotler and Armstrong 2001: 544).
Advertising Media:
This refers to all communication vehicles responsible for the delivery of promotional message to them target audience (Okafor 1995:211)
Brand Loyalty:
It is the consumer’s conscious or unconscious decision expressed through intention or behaviour to repurchase a brand continually (Bovee and Arens 1992: 140).
Consumer Behaviour:
It is “the behaviour that consumers display in searching for, purchasing, using evaluating and disposing of product, service and ideas which they expect will satisfy them needs” (Schults 1990:77)
Marketing Communication:
Is defined as the efforts by a company to design and disseminate information about its products existence, features and terms and the benefit to the target market using different medium” (Adirika Ebue and Nnolim 1997:87)
Media Selection:
It is the determination of the best medium or vehicles to deliver an advertising message to the prospective customers (Ebue 2000:100)
Target Audience:
This is where any advertising is usually aimed at a particular segment of the population (Bavee and Areas 1992:6).
CHAPTER TWO
2.0 Literature Review
2.1 Introduction
The review of relevant literature is the main topic of this chapter. A literature review covers theoretical and methodological contributions to a certain issue in addition to the state of knowledge at the time of writing. It provides information about the state of the art in relation to the subject you are writing about. It examines the body of work on the chosen subject. The literature evaluation in this study comprises the …
Procedure for Downloading the PDF (Docx) Material
Effectiveness of Financial Control in Public Sector can be downloaded by requesting the full set of materials at the project or seminar cost. The document will be sent via Microsoft Word (MS-Word) format via WhatsApp (e-mail) following payment confirmation.
| Seminar Material Cost ₦3,000 | Project Material Cost ₦5,000 |
Request Complete Material
 | Click here to request the Complete Material via WhatsApp including;
|
TABLE OF CONTENTSPRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
- 1.0 Introduction
- 1.1 Background Of Study
- 1.2 Statement Of Problems
- 1.3 Purpose Of The Study
- 1.4 Research Questions
- 1.5 Scope/Delimitation Of The Study
- 1.6 Significance Of Study
- 1.7 Definitions Of Terms
- 3.0 Review Of Related Literature
- 3.1 The Concept Of Financial Control
- 3.2 Financial Control In The Nigeria Public Sector
- 3.3 Faulty Placement And Frequent Posting
- 3.4 The Objectives Of Financial Control In The Public Sector
- 3.0 Research Methodology
- 3.1 Research Design
- 3.2 Area Of The Study
- 3.3 Population Of Study
- 3.4 Sample And Sampling Technique
- 3.5 Instrument For Data Collection
- 3.6 Validation Of The Instrument
- 3.7 Reliability Of The Instrument
- 3.8 Method For The Data Collection
- 3.9 Method For Data Analysis
- 4.0 Data Presentation And Analysis
- 4.1 Research Question I
- 4.2 Research Question Ii
- 4.3 Research Question Iii
- 4.4 Research Question Iv
- 4.0 Discussion, Conclusions And Results Of The Findings
- 4.1 Discussion Of Results
- 4.2 Conclusion
- 4.3 Recommendation
- 4.4 Implication Of The Findings
- 4.5 Suggestions For Further Study
- 4.6 Limitation Of The Study
- REFERENCES
- APPENDIX
Disclaimer for Complete Material Utilization
The displayed research work titled "Effectiveness of Financial Control in Public Sector" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
PRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
- 1.0 Introduction
- 1.1 Background Of Study
- 1.2 Statement Of Problems
- 1.3 Purpose Of The Study
- 1.4 Research Questions
- 1.5 Scope/Delimitation Of The Study
- 1.6 Significance Of Study
- 1.7 Definitions Of Terms
- 3.0 Review Of Related Literature
- 3.1 The Concept Of Financial Control
- 3.2 Financial Control In The Nigeria Public Sector
- 3.3 Faulty Placement And Frequent Posting
- 3.4 The Objectives Of Financial Control In The Public Sector
- 3.0 Research Methodology
- 3.1 Research Design
- 3.2 Area Of The Study
- 3.3 Population Of Study
- 3.4 Sample And Sampling Technique
- 3.5 Instrument For Data Collection
- 3.6 Validation Of The Instrument
- 3.7 Reliability Of The Instrument
- 3.8 Method For The Data Collection
- 3.9 Method For Data Analysis
- 4.0 Data Presentation And Analysis
- 4.1 Research Question I
- 4.2 Research Question Ii
- 4.3 Research Question Iii
- 4.4 Research Question Iv
- 4.0 Discussion, Conclusions And Results Of The Findings
- 4.1 Discussion Of Results
- 4.2 Conclusion
- 4.3 Recommendation
- 4.4 Implication Of The Findings
- 4.5 Suggestions For Further Study
- 4.6 Limitation Of The Study
- REFERENCES
- APPENDIX
Disclaimer for Complete Material Utilization
The displayed research work titled "Effectiveness of Financial Control in Public Sector" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
Frequently Asked Questions (FAQ)
Can the material for “Effects of School-Based Violence on the Academic Performance of Students” be used as a guide for Education Project?
Yes it can be used — This long-essay discussed the topical issue on the effects of school-based violence on the academic achievements of students. It focused the phenomenon from the national and international perspectives. The theoretical frame work to the problem was provided. The typologies and different forms of school-based violence were identified and succinctly discussed. They include; corporal punishment, sexual violence, bullying, cultism, fighting, arson, neglect and discrimination. The adolescent stage, the home, the school the community and the society at large were highlighted as the major causes of school-based violence. The aftermath and devastating effects of school-based violence which could result into physical injury, life time disability, psychological problems and even death were also discussed. Recommendations on how to keep our school environments safe and …
Can the material for “Motivation and Teachers Job Performance in Public Primary Schools” be used as a guide for Education Project?
Yes it can be used — The study examines the relationship between motivation and teacher’s job performance in Alimosho Local Government Area. The study was guided by four research questions and four hypotheses. Relevant literature on the variables of the study were reviewed. A descriptive research design was adopted for the study. The sample comprises 100 public primary school teachers in Alimosho Local Government Area. A researcher constructed instrument tagged “Motivation and Teachers job performance” questionnaire was used for data collection. Data obtained was analyzed using Pearson Product Moment Correlation Co-efficient to test the stated hypotheses at 0.05 level of significance. The findings showed that motivation is an important role for teachers because it helps to achieve the target in an efficient way. Therefore, teacher motivation is …
Can the material for “The Depreciation of Naira on Nigerian Economy; Causes, Effects and Remedy” be used as a guide for Economics Project?
Yes it can be used — The study investigated the effect of depreciation of naira on Nigeria economy, causes effect and remedy using time series analysis and annual data from 1990 − 2009. The regression analysis model were used to capture both the long-run and short-run dynamics of the variables in the model. The empirical results indicate that depreciation of naira have significant effect on economic growth. There also exists a unique long-run relationship between economic growth and its determinants, including exchange rate, inflation rate and interest rate. It is relevant that Nigeria as a nation should critically look at her economic policies and exchange rate regimes to curb the instability in the naira exchange rate as well as boost her external balance. …
Can the material for “Design and Construction of Digital Incubator” be used as a guide for Electrical / Electronics Engineering (EE) Project?
Yes it can be used — The digital incubator is a microcontroller based temperature control and monitoring system, it is a workable digital incubator expected to keep the se-mounding of chicken at a required temperature by decreasing the resistance on the temperature increases and increasing the resistance when the temperature has falling beyond reference voltage. The study was conducted to design and construct a digital egg incubator that will keep chicken and babies at a required temperature when they are delivered prematurely especially as it applies to babies. It is used to keep them warm. The system is designed to incubate different types of eggs, having a user-friendly interface to set the temperature range for its operation. The temperature is monitored by a digital thermometer DS1820 …
Can the material for “Marketing of Banking Services” be used as a guide for Banking and Finance (BF) Project?
Yes it can be used — This study − investigated the marketing of banking services with it problems and prospects within the socio-economic environment Bank of Nigeria (Plc) as a case study. The main purpose was to find out the effectiveness of the marketing of banking services as it affects the bank itself and the banking industry, the customers welfare and profitability of the bank and national economy in general. There is however a rapid increase in the number of banks and this led to number of banks and this led to competition among banks. This competition became so fierce that banks began to seek means of survival. In the course of achieving the above objectives both primary and secondary data were used to gather information. For the …
Can the material for “Solid-Phase Extraction of Nickel (II) Ion by Studying the Effects of Sample Volume on Coated Silica Gel and Production of Schiff’s Base (BHPDE)” be used as a guide for Science Laboratory Technology (SLT) Project?
Yes it can be used — Bis-(4-hydroxypent-2-ylidene)-diaminoethane(BHPDE) is a Schiff base resulting from the condensation of pentane-2-,4 dione and 1,2-diaminoethane.Solid-phase Extraction of Ni (II) ion by column method in the pH range 1- 12 have been studied in trichloromethane using bis-(4-hydroxypent-2-ylidene)-diaminoethane(BHPDE). Ni (II) ion extraction using 2% BHPDE in CHCl3 is sufficient or abundant in the pH of 4.0. The aqueous BHPDE shows a maximum absorption at 320nm. The Ni (II) ion complex has maximum absorption at 375nm. The acid dissociation constants of H2B (BHPDE) are obtained by titrating with 0.179 M NaOH and are found to be pka1D = 11.55 and pka2D = 11.5 corresponding to the formation of HB- and B2 respectively. Pka1D and pka2D share the same value since H2B (BHPDE) has two protons …
Can this topic “Problems of Debt Recovery in Public Enterprises” be used for Banking and Finance (BF) Project?
Yes it can be utilized for research — Debt recovery is a major problem in our public Enterprises, most especially the National Electric power Authority (NEPA). A lot of consumers ranging from the residential to the industrial/ maximum status, owed billions of Naria belonging to the authority through the consumption of electricity supply. The product ‘electricity’ is consumed before payment, so every electricity consumer is a debtor to the authority until her or she stop using the potential. One may ask, can NEPA ever meet the demand of the present society? What about the increasing nature of the uncorrectable and bad debts? We found that majority of the customers do not receive their bills timely and so could not settle them at the appropriate time. Due to late wills many …
Can the material for “Design and Implementation of Computerized Diagnosis System” be used as a guide for Computer Science (CS) Project?
Yes it can be used — This project, electronic diagnosis system, is a software system tailored for use in the diagnosis and analysis of diseases. The software is an expert system with a database containing an expert knowledge. The user only uses it to determine whether he or she has any of the diseases within its domain. The software has been designed to be interactive with audio capability eliciting from the user if they have symptoms of the diseases. The user response helps the expert system to determine the level at which the disease is present. The user is further advised on what next to do. This software is implemented in visual basic programming environment, Health care facility should be accessible by all at all time. …
Can the material for “The Impact of Development Banking in Nigeria” be used as a guide for Banking and Finance (BF) Project?
Yes it can be used — This project is aimed at showing vividly the impact of development banking in Nigeria using federal mortgage bank (FMBN) as a case study. It is the purpose of this research to found out if there is any problem facing theses banks in Nigeria that leads to show development in Nigeria also the view of other researcher on this topic of study. Finally to know how these developments banking has contributed in economic development and growth of the economic funds. …
Can the material for “Accounting in the Nigeria Public Sector, Issues, Problems and Prospects” be used as a guide for Banking and Finance (BF) Project?
Yes it can be used — In order to successfully accomplish the purpose for this research study, on the role of the Nigeria accountant question were formulated and a questionnaire comprising statement drawn from the research questions were prepared as well from the following problems are be setting public sector. Appointment of unqualified accountants to act as account supervisor, negative attitude of most accountants to wards account ability resulting to inadequate keeping of financial and accounting records are stipulated by the financial regulations and treasuring circulars. Accounting in the Nigeria public sector, problem and prospects is the project topic and a case study of selected government establishment in PHCN, the research involve five (5) chapters. In chapter, it entails the introduction/ background of study, statement of problem, purpose …