CHAPTER ONE
1.0 INTRODUCTION
Management has been described as a process by which systems are administered Igbochi (1990) stated the transformation of resource inputs to produce output give more logical reason for the existence of the management. On the other hand, management can be looked upon as a body of knowledge representing what managers do.
Management generally is a process composed of functions that are inter related and inter dependent. Administratively, the managerial functions involves planning, and controlling, staffing and motivating under planning.
The management of every business organization has two major objectives to pursue in order to ensure the continued existence of the business. The first is to maximize profit, and the other is to maximize wealth that is to stay solvent, or to have sufficient cash to settle debts as they fall due.
The management accounting sees that all the necessary information required by the manager for decision making is supplied.
Decision making has been described as a purposeful choosing from a number of alternative courses of action. In deciding which alternative to choose, the manager will desire all the information which is relevant to the decision and then have some criterion on the basis of which he can choose the best alternative. Although, the information needed by the manager is being supplied, its has been less enthusiastic, and hence this research is aimed at findings information under utilization.
1.1 BACKGROUND OF THE STUDY
From the beginning in 1992 Dauphin Nigerian limited has establish into a successful manufacturing concerned, special thanks to Sir Chima Emeyeonu, who had the incited to foresee the potential of a vast market for locally produced leader products such as ladies hand bags, all kind of suitcases, leader sandals, both in Nigeria and sub region.
Over the years, the company has diversified and expanded its operation to include the production of gum adhesive polythene and synthetic products. It is also involves in a hotel business.
The company has some factories in Lagos. However the manufacturing of its products are carried out. The company has its administrative head office situated at no 83 Hire, Road Surulere, Lagos State.
The company also has over two hundred employees in its manufacturing sites in addition to about twenty staffs at its head office. Dauphin Nigeria Limited is a very typical example of a modern manufacturing concern, hence is selected as a case study of this research.
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