Design and implementation of a computerized procedure for privatization of a corporate enterprise

Thesis Overview

<p> </p><p><strong>INTRODUCTION</strong></p><p><strong>BACKGROUND OF THE STUDY</strong></p><p>Privatization involves redefining the role of the government by having at disengage from those activities which are best handled by the private sector, with the overall objective of achieving economic efficiency, conceptually, the commercialization and privatization degree (FRN, 1988) perceive privatization as :-<br>“the transfer of government owned shareholding in designated enterprises to the private shareholders, comprising individuals and corporate bodies”.<br>The success of the program depends on a well-designed privatization strategy, which includes:</p><ol><li>Defining the broad extent of privatization;</li><li>Stating clearly the political, economic and social objective to be achieved;</li><li>Establishing clear guidelines or criteria for evaluations</li><li>Selecting techniques;</li><li>Ensuring transparency and accountability in the privatization process and which competitive bidding to the fullest extent possible;</li><li>Building marketing up frost in each privatization operation in order to stimulate potential interest among investors and their to enhance the value of the public enterprise to be privatized.</li><li>Promoting employee participation in the privatization process through the allocation of a proportion of corporate shares;</li><li>Establishing procedure for monitoring the progress all results of privatization etc;</li></ol><p>The above strategies cannot be achieved manually; many privatization programs have suffered from poor design, in adequate preparation, and weak implementation. This is clearly evidenced by the long average time its complete transaction. It is based on these drawbacks that the need for computerization arise.<br>The study will focus on the application of computerized procedures for privatization of a corporate enterprise using the Nigerian Telecommunications Limited (NITEL LTD) as a case study.</p><p><strong>STATEMENTS OF THE PROBLEMS</strong></p><p><strong>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</strong>Although the problems associated with the creation of corporate enterprise have not always been clearly stated. In spite of the bug’s investment in public enterprise in Nigeria, their senses could not meet the demand aspiration of the populace; the report of Onosode Presidential commission (1984) reveals that corporate enterprises are infested with some problems. In the case of NITEL LTD the following problems were obsessed in relation to the on going privatization exercise in the country.</p><ol><li>Defective capital structure resulting in heavy dependency burden on national treasuring:</li><li>Mismanagement of funds and operations;</li><li>Misuse of monopoly power cumulating in corruption and lack of competition;</li><li>Bureaucratize bottle necks within the organization;</li><li>Lack of transpierce in the on going privatization programme;</li><li>Failure to entrench operational antonomy of the enterprise in such area as authority limit, tariff determination, procurement policy constitutes major areas of concern.</li></ol><p><strong>AIMS AND OBJECTIVES OF THE STUDY</strong>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; The aims and objectives of the project work are:</p><ol><li>To create a database for the storage of all information requirements for the privatization of the enterprise.</li><li>To eliminate all the darn backs of manual techniques of data collection and record keeping into computerized system.</li><li>Assist in the planning, designing and implementation of education and training programs for corporate groups.</li><li>To provide organizational efficiency through computerization.</li></ol><p><strong>SCOPE AND DELIMITATION &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</strong></p><p>The scope of the project emphasizes on the area of computerized procedures for the privatization of a corporate enterprises, computerized procedures in birlt to owning out a single activity at a time, that is the human activity of descending the most viable project among a giving set of attractive.<br>Therefore, the study will focus on the application of computer on the privatization of the Nigerian Telecommunications limited (NITEL LTD).</p><p><strong>PURPOSE OF THE STUDY</strong></p><p>My purpose is to design a database that will computerize the procedures used in privatizing a corporate enterprise. Secondly analyzing the current system to determine the objectives and detect the various impeachments in achieving them.</p><p><strong><em>ASSUMPTION</em></strong>Due to insufficient information the following assumptions were considered:-</p><ol><li>The recording of the procedures for the privatization of NITEL LTD has not been computerized.</li><li>The people that are going to use the software are computer literature.</li><li>The hardware for the installation of the software has been acquired.</li></ol><p><strong>DEFINITION OF TERMS</strong></p><p>This work will attempt to define some basic terminology and also explain various terms that will be used in this study.<br><strong><em>Knowledge Base</em></strong>: &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Is a computer accessible collection of knowledge about a subject in a variety of forms, such as facts and rules of inference, frames and objects……</p> <br><p></p>