The manufacturing industry is a vast industry that undertakes series of jobs, which include the production of different items, machines, equipment etc. There are a lot of sections of the manufacturing industry some of which range from the managerial section down to production, maintenance and even inspection department. The manufacturing industry encompasses a whole lot of subsets. Taking a cue from the role of banks in the development of the manufacturing industries, the investment of the funds in time past for the rehabilitation of the manufacturing industry has not added much to the nation’s GDP. The banks lend little to the agricultural sector compared to how much they lend to manufacturing industry. There is also need for measuring knowledge intensities in the manufacturing industry. The growth of employment also noted to be a factor of employment rate is dependent on numerous factors. One of the major and perhaps the most striking of these factors to consider is the start-up of a new business. Formation of new businesses affect the growth of employment in a different way than one can imagine. The manufacturing industry is ever changing and due to the competition between corporations, industries, businesses, firms and organisations there is always the desiring need for something new. Every industry or firm must have some sort of leadership to ensure that they are always on the right part. This leadership could be transformational in nature. While there may be people occupying leadership positions, most of the behaviour they exhibit while in such position has been questioned. There are many questions about the effectiveness of a supply chain, hence the resolve to carry out a research to ascertain the degree of effectiveness of the automobile supply chain. In other for manufacturing industries to compete favourably with one another, they must be innovative.