Fisheries Business Management and Economics
LECTURE NOTE
ON
FISHERIES BUSINESS MANAGEMENT AND
ECONOMICS (3 UNITS)
FIS 510
PREPARED BY
DR. IDOWU ADEKUNLE ADEDOYIN
DEPARTMENT OF AQUACULTURE AND
FISHERIES MANAGEMENT
Contents
Fish farm planning and organisation, Managing fish farms under commercial and peasant systems
Fish farm planning and organisation
Fish farm planning starts with an assessment of the natural conditions and other things that may support the fish farm venture, with a look at market situation of product in mind and if initial data found are promising a feasibility report is carried out.
During Planning process a constant evaluation of ideas and a revision of goals and methods in accordance and a revision of goals and methods in accordance with new information and changing circumstances are necessary if an is to be a useful tool to forecast the results of business operations.
•
Feasibility
•
Natural Environment
•
Infrastructure
Feasibility Study/Repots
•
Variable cost
•
Fixed cost
•
Contribution margin
•
Variable unit cost and
•
break – even point
Definition of Management: is the active process of making decisions so that use of the available human and material resources of the organization is planed and controlled to achieve its long-and short-term aims most efficiently. It is neither art nor science; it is both. Management in fisheries therefore begins with:
1. Planning what to do.
2. Organize who should do it and how it should be done
3. Coordinate and motivate subordinates to operate the plan.
4. Control the achievement of the plan. planning process
Feasibility report writing as part of
The procedures involved in writing feasibility for a fish farm include:
1. Background and study term of reference: This procedure covers the management name of the client that is specified with the site of the project and commissioned by the consultant name to prepare feasibility report for a
specified
ON
FISHERIES BUSINESS MANAGEMENT AND
ECONOMICS (3 UNITS)
FIS 510
PREPARED BY
DR. IDOWU ADEKUNLE ADEDOYIN
DEPARTMENT OF AQUACULTURE AND
FISHERIES MANAGEMENT
Contents
Fish farm planning and organisation, Managing fish farms under commercial and peasant systems
Fish farm planning and organisation
Fish farm planning starts with an assessment of the natural conditions and other things that may support the fish farm venture, with a look at market situation of product in mind and if initial data found are promising a feasibility report is carried out.
During Planning process a constant evaluation of ideas and a revision of goals and methods in accordance and a revision of goals and methods in accordance with new information and changing circumstances are necessary if an is to be a useful tool to forecast the results of business operations.
•
Feasibility
•
Natural Environment
•
Infrastructure
Feasibility Study/Repots
•
Variable cost
•
Fixed cost
•
Contribution margin
•
Variable unit cost and
•
break – even point
Definition of Management: is the active process of making decisions so that use of the available human and material resources of the organization is planed and controlled to achieve its long-and short-term aims most efficiently. It is neither art nor science; it is both. Management in fisheries therefore begins with:
1. Planning what to do.
2. Organize who should do it and how it should be done
3. Coordinate and motivate subordinates to operate the plan.
4. Control the achievement of the plan. planning process
Feasibility report writing as part of
The procedures involved in writing feasibility for a fish farm include:
1. Background and study term of reference: This procedure covers the management name of the client that is specified with the site of the project and commissioned by the consultant name to prepare feasibility report for a
specified