A Study of Factors that Influence Sustainable Growth of Micro, Small and Medium Enterprises (MSMEs) in Export Business in Kenya [MBA Thesis] PDF Download
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![A Study of Factors that Influence Sustainable Growth of Micro, Small and Medium Enterprises (MSMEs) in Export Business in Kenya [MBA Thesis] PDF](https://books.google.com/books/content/images/frontcover/owzojgEACAAJ?fife=w80-h100)
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![The Effect of External Environmental Factors on the Performance of Small to Medium Enterprises in Kenya [MBA Thesis a Ccompanied by a CD-ROM] PDF](https://books.google.com/books/content/images/frontcover/9EcVjwEACAAJ?fife=w80-h100)
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Languages : en
Pages : 66
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The objective of the study was to analyse the effect of external environmental factors on the performance of small to medium size enterprises. The study was guided by research questions, which sought to find out what effect political, regulatory, market issues and infrastructure had on the performance of small to medium sized enterprises in Kenya. The research adopted a descriptive research design where the population of interest was SMEs in the manufacturing and service industries in Kenya. The design using questionnaires was deemed appropriate because the main objective was to establish the main factors affecting the performance and growth of SMEs in Kenya. The study adopted stratified random sampling, with the strata being the type of business. Proportional allocation was used to determine the number in the sample from each stratum. The study sample was 88 respondents, with proportionately allocated strata of services at 56 and those in manufacturing were 32. The elements in each stratum were obtained using simple random sampling. The researcher used a questionnaire as a primary data collection instrument. The questionnaire was designed in consultation with the research supervisor and other colleagues. The questionnaire was divided into sections, each representing the different variables adopted for study. The analysed findings of the study observe that SMEs in Kenya face external environmental challenges as follows: Political factors affect the performance of small to medium size enterprises. The key factors based on the collected data were extracted and political unrest or demonstrations, stood out as key factors affecting the performance of SMEs. Regulation issues were also found to have a significant effect of the performance of SMEs. The current tax system was viewed as a tedious and complex process presenting compliance challenges to some of the small businesses. Lack of belief in the court system was a factor, and, the underdeveloped regulation policies according to respondents had a direct impact on the state of the underdeveloped infrastructure and low levels of information available to their businesses. In regards to marketing issues the challenge of there being an inadequate market for their products affected business growth. This challenge was further compounded by the fact that respondents found it difficult to search for or access new markets. Infrastructure issues, specifically the unpredictable power availability patterns caused a multiple effect on small to medium sized enterprises. Water interruptions and inefficiencies stood out as key challenges especially for SMEs in manufacturing and catering services. Transport infrastructure and services also provided a glaring challenge to SMEs. The performance of the enterprises was also analysed to help measure the performance and growth of the enterprise. In terms of sales, low growth was recorded, other performance indicators such as growth in number of employees and profit showed similar performance to the previous year and minimal growth respectively. When testing the objective of the study, it was noted that an increase of various factors had a positive effect on the performance of the enterprise with the exception of the extracted political issues which had a negative effect on SMEs as indicated in the survey model. Generally the study looked into a number of challenges facing SMEs in Kenya and found that to surmount the challenges, they would need to be addressed by all stakeholders involved. Academic and research institutions would need to ensure continuous research specifically tailored for SMEs to develop and update best practice standards, and also help develop predictive models that help small businesses avert challenges presented by the unpredictable nature of the external business environment. The study came up with recommendations and among them, a complete review of policies that govern SMEs to ensure regulations assist in their growth. The design of a conceptual model for quality integrated SME management for SMEs in Kenya and Africa as a whole was also recommended as part of the effort to manage the familiar political unrest that follow election periods and also to ensure managerial and financial health of SMEs. Recommendations were also made that SMEs engage actively in building their markets through formation of alliances that would allow them to extend their reach without incurring very high overheads, and to take advantage of business development services from the government to help enhance their institutional capacity, adaptive capacity and also the developmental capacity of the businesses to ensure they can withstand environmental shocks.
Author: Baporikar, Neeta
Publisher: IGI Global
ISBN: 1799866343
Category : Business & Economics
Languages : en
Pages : 676
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A multidimensional approach to entrepreneurship, especially in the post-COVID-19 era, will have an important influence on the state of business and government, especially when considering the effects of technological development, innovation, glocalization, and nationalization policies that need to be adopted for inclusive sustainable growth, as well as the enhanced and efficient utilization of global resources. That means there is likely to be a shift in how entrepreneurship development and entrepreneurial opportunities will be perceived, developed, and resourced. The question is how to sustain SMEs and entrepreneurial innovation in the post-COVID-19 era. Thus, comprehensive research and knowledge on designing policies and approaches to ensure the sustainability of SMEs and entrepreneurial innovation in post-pandemic times are essential to sustain, stimulate, and foster SMEs, entrepreneurship, and entrepreneurial innovations. The Handbook of Research on Sustaining SMEs and Entrepreneurial Innovation in the Post-COVID-19 Era provides research dedicated to entrepreneurship with a special emphasis on the sustainability of SMEs and entrepreneurial innovations in the post-COVID-19 era. It provides discussion and the exchange of information on principles, strategies, models, techniques, methodologies, and applications of entrepreneurship in the post-COVID-19 era in the field of public and private organizations. The chapters communicate the latest developments and thinking on the entrepreneurship subject worldwide by drawing on the latest developments, ideas, research, and best practice to examine the implications of the changes taking place due to COVID-19. This book is ideally intended for entrepreneurs, global organizations, small and medium-sized enterprises, managers, executives, government officials, policymakers, researchers, academicians, and students who are interested in learning about, designing, or implementing policies that are more effective in the post-pandemic era.
Author: Tulus T.H. Tambunan
Publisher: AkiNik Publications
ISBN: 9353354234
Category : Antiques & Collectibles
Languages : en
Pages : 283
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Book Description
Development of MSMEs in Developing Countries Stories from Asia, Africa and Latin Americas an excellent reference book of Economics and Business Study. It is a best book for researchers and person, who belongs to Economics and Business Study.
Author: Himachalam Dasaraju
Publisher: Springer Nature
ISBN: 9819948290
Category : Business & Economics
Languages : en
Pages : 381
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Book Description
This book discusses and provides empirical evidence of the importance of Micro, Small and Medium Enterprises (MSMEs) in achieving Sustainable Development Goals (SDGs) in a number of developing countries. In doing so, the book focuses on the contributions of MSMEs to national efforts, directly or indirectly, to achieve poverty reduction (Goal 1), zero hunger (Goal 2), good health and wellbeing (Goal 3), quality education (Goal 4), gender equality (Goal 5), clean water & sanitation (Goal 6), income distribution (Goal 10), and sustainable cities & communities (Goal 11). The book consists of chapters discussing evidence on these particular topics based on research from various countries including Indonesia, India, Sri Lanka, Nepal and Malaysia.
Author: Tabitha Karanja
Publisher: GRIN Verlag
ISBN: 3656176965
Category : Business & Economics
Languages : en
Pages : 81
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Master's Thesis from the year 2011 in the subject Business economics - Business Management, Corporate Governance, grade: -pass, , course: Enterprenuership, language: English, abstract: The importance of Micro and Small Enterprises (MSEs) in contributing to job creation and output growth is widely accepted in both developed and developing countries, of particular interest is the process of expansion from micro to small that growth oriented make their most tangible contribution to economic growth and job creation. .Women-Owned micro enterprises are a powerful force for growth and development thus making important contributions to the economy as workers and as entrepreneurs to the welfare of their families. The researcher investigated why Women-owned enterprises remain the same way year in year out without, an increase in number of employees or any other sign to indicate graduation from one level to another. The researcher wanted to find out why enterprises owned by women operate under significant constraints which greatly inhibit realization of their full potential. Many developing countries have attempted to put in place various intervention programmes to address factors that affect the graduation of women owned micro-enterprises; unfortunately many of them are policies yet to be implemented. Through the assistance from Nyeri municipal-council, the researcher acquired the target population of Micro-Enterprises within Nyeri town which was the survey under study. The research design that the researcher used was the descriptive survey research design. Variables, for instance financial accessibility was looked at among others and their influence on graduation of micro-enterprises. The instruments that the researcher used was the Questionnaire and Interviews. The researcher came up with comprehensive results that can be useful to women in micro-enterprises and the Government at large. Pre-testing procedure was carried out to ensure the validity and reliability of the data to be collected. A descriptive statistic procedure was used to carry out the data analysis. Bar-charts, tables and pie-charts are used for data presentation. Some of the major findings in this research include the fact that many women operating micro-enterprises started their enterprises with personal savings as they could not access loans from formal institutions due to lack of collateral- Due to their low level of education, majority of them exhibited challenges in record keeping as well as marketing which are very essential for graduation of an enterprise from micro to small.
Author: Ahmed Sadek, Elnorah Maghanga, Phillip Kinuthia, Dr. Bruno Mugambi Linyiru, Wachira P. Muruga, Sammy Mwatha Njoroge
Publisher: Cari Journals USA LLC
ISBN: 9914746802
Category : Business & Economics
Languages : en
Pages : 156
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Book Description
TOPICS IN THE BOOK Cost Risk’s Reliability and Validity of Residential Building Project’s Whole Life Cycle in the United Arab Emirates Challenges Affecting Use of ICT by Small & Medium Sized Enterprises (SMEs) in Kenya: A Case Study of Tsavo Securities Ltd Factors Contributing to Declination of Women Projects Funded by Local MFIs Influence of Innovativeness on Performance of State Corporations in Kenya Influence of Microfinance Lending on the Performance of Small and Medium Enterprises in Gatanga Sub County of Murang’a County in Kenya Influence of Saccos in Entrepreneurial Capacity Development in Dagoretti South Constituency, Kenya
Author: Mary Jokorvic
Publisher: GRIN Verlag
ISBN: 3656639027
Category : Business & Economics
Languages : en
Pages : 16
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Research Paper (undergraduate) from the year 2012 in the subject Economics - Micro-economics, grade: B, The University of Chicago, language: English, abstract: About 99% of all the enterprises in the world are small or medium enterprises characterized of start up firms at the infant stage or well established SMEs. SMEs are essential in all economies especially to the developing countries characterized by major unemployment and income distribution challenges. In Kenya, SMEs are essential to the economy for which they are considered the main drivers. There are about 7.5 million SMEs in Kenya providing employment and income generating opportunities to low income sectors of the economy. The official policy framework of SMEs in Kenya is contained in the Sessional Paper No 2 of 2005: Development of Micro and Small Enterprises for Wealth and Employment Creation for Poverty Reduction. The policy forms the basis for enacting the SME Act which institutionalizes SME policy in Kenya (Syekei & Opijah, 2012). The contribution of the SMEs sector to the Gross Domestic Product (GDP) in Kenya increased from 13.8 percent in 1993 to about 40 percent by 2008. The sector further provides approximately 80% of the total employment and contributes about 92% of the new jobs created within the economy. The sector serves as the bedrock for industrializing the country in the future (Capital Markets Authority, 2010). In the developing countries such as Kenya, with large informal or micro enterprise sectors, SMEs constitute the middle of the size range, hence their strategic importance. SMEs are considerably more complicated in terms of the organizational structure as opposed to microenterprises but less complicated as opposed to large corporations with layers of management and high division of labor among other characteristics. In terms of technology SMEs are intermediate between high labor intensive technologies and high capital intensive technologies providing SMEs with a special role in generation of adequate or decent employment (Palma, 2005). Due to these characteristics various constraints lower SMEs resilience to risk and prevent them from growing and attaining economies of scale. The challenges faced by SMEs in Kenya are not limited to the areas of financing investments and working capital but also include human resource development, market access and access to modern technology and information. Consequently, there are various factors that have supported SMEs growth since the 1990s (Capital Markets Authority, 2010).
Author: Baporikar, Neeta
Publisher: IGI Global
ISBN: 1799874370
Category : Business & Economics
Languages : en
Pages : 628
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Book Description
The COVID-19 pandemic has affected every aspect of the modern world, and its impact is felt by all. The pandemic particularly has had a large impact on businesses as they were forced to close, supply chains were disrupted, and new health and safety precautions were adopted. As such, many businesses, especially small businesses, were faced with losses they could not afford. Governments and stakeholders across the world have thus needed to formulate various strategies and interventions to mitigate the negative consequences of the COVID-19 pandemic, particularly as they relate to small- and medium-sized enterprises (SMEs). The Handbook of Research on Strategies and Interventions to Mitigate COVID-19 Impact on SMEs is a comprehensive reference source that encapsulates the overall effect of COVID-19 on SMEs and a variety of strategies to overcome the negative effects and create more sustainable policies and organizations moving forward. The book offers a thorough overview of interventions and tactics to help organizations, entrepreneurs, and institutions of higher learning overcome the negative impact of COVID-19 while preparing policies for a more effective post-pandemic world. Covering topics that include sustainable practices for development, interventions to lessen the impact of COVID-19, and psychological resilience for SME employees, this book is Ideal for entrepreneurs, managers, executives, small businesses, family firms, academicians, scholar-practitioners, policymakers, researchers, and students.
Author: Perez-Uribe, Rafael
Publisher: IGI Global
ISBN: 1522594264
Category : Business & Economics
Languages : en
Pages : 712
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Book Description
Countries have been competing against each other in order to attract financial investment and human capital for decades. However, emerging economies have a long way to go before they achieve the same levels of competitiveness as a developed economy. Lack of firm institutions, inadequate infrastructure, and a lack of trust in the legal system are urgent and unavoidable factors that emerging economies must address. The Handbook of Research on Increasing the Competitiveness of SMEs provides innovative insights on integrating, adapting, and building models and strategies compatible with the development of competitiveness in small and medium enterprises in emerging countries. The content within this publication examines quality management, organizational leadership, and digital security. It is designed for policymakers, entrepreneurs, managers, executives, business professionals, academicians, researchers, and students.
