Author: Anne GitongaPublisher:
ISBN: 9789966777362
Category : Small business
Languages : en
Pages : 42
Book Description
Factors Affecting Growth of Micro and Small Enterprises in Kenya
Author: Anne GitongaPublisher:
ISBN: 9789966777362
Category : Small business
Languages : en
Pages : 42
Book Description
Factors Affecting Growth of SMEs in Gatundu Region North Sub-county
Author: Mary JokorvicPublisher: GRIN Verlag
ISBN: 3656639027
Category : Business & Economics
Languages : en
Pages : 16
Book Description
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).
Factors Influencing Slow Growth of Small and Micro Enterprises:
Author: Bilha Sesia LudekiPublisher: LAP Lambert Academic Publishing
ISBN: 9783848413553
Category :
Languages : en
Pages : 68
Book Description
This study sought to determine factors influencing the growth of small and micro enterprises (SMEs) in Kisumu city of Kenya. The case study was beauty salons. Salons provide employment, contribute to entrepreneurship and innovation, and foster competitiveness. However, they have continually faced difficulties resulting in slowed growth of the sector. Some of the difficulties they face are high taxation, lack of credits, inadequate capital and poor book keeping, stiff competition, poor policies, bad politics, lack of adequate infrastructure, insecurity, bad management, in appropriate personal factors and superstitious beliefs. To this end the study summarizes these factors as monetary, environmental and internal. The study concludes that monetary factors are most critical to the growth of the salons. Finally the study recommends that the government of Kenya should create an enabling financial environment for salons as well courses on business management particularly in book keeping.
An investigation into the factors influencing the graduation of women-owned micro-enterprises
Author: Tabitha KaranjaPublisher: GRIN Verlag
ISBN: 3656176965
Category : Business & Economics
Languages : en
Pages : 81
Book Description
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.
Factors Affecting Growth and Expansion of Small And Medium Enterprises
Author: Samson AdadaPublisher: LAP Lambert Academic Publishing
ISBN: 9783847344254
Category :
Languages : en
Pages : 76
Book Description
Understanding SME's growth is critical to economic development. It is expected that SMEs exhibit faster growth rates than larger counterparts. It is therefore important to gain a greater understanding as to what shapes growth and expansion especially in Small and Medium-size Enterprises. This Study examines the internal factors affecting growth and expansion of SMEs in Kibera Slum, Nairobi. Specifically the study sought to ascertain the factors that contribute to growth and expansion of SMEs in Kibera Slum, establish relationships between form of ownership and growth and expansion of SMEs in Kibera slum and determine the effect of level of education and managerial skills on growth and expansion of SMEs in Kibera Slum. The study established that form of ownership, educational and managerial skills of the owners and employees, location of the SME and access to financial resources are some of the internal factors that that affected growth and expansion of SMEs. The study findings will be of value to relevant managers of SMEs in Kibera, Policy makers, Scholars and financial advisers.
An Investigation Into the Factors Influencing the Graduation of Women-Owned Micro-Enterprises
Author: Tabitha KaranjaPublisher: GRIN Verlag
ISBN: 3656178291
Category : Business & Economics
Languages : en
Pages : 85
Book Description
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 dat
A Study of Factors that Influence Sustainable Growth of Micro, Small and Medium Enterprises (MSMEs) in Export Business in Kenya [MBA Thesis]
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Author: Factors That Determine Entrepreneurial Behaviour in Micro and Small Enterprises in Kenya
Author: Isaac Mokaya MaragiaPublisher:
ISBN: 9781926906355
Category : Business & Economics
Languages : en
Pages : 146
Book Description
Entrepreneurship is critical to economic development of any nation. Entrepreneurs continually innovate and invent, and as they commercialize the innovations and inventions, they create goods and services. In the process they create new markets, services and products as well as employment. Factors that Determine Entrepreneurial Behaviour in Micro and Small Enterprises in Kenya provides insights into entrepreneurship in Kenya. The book offers practical observations on the state of entrepreneurship in Kenya. It is a good reference for scholars, teachers and students of business and economics, both at undergraduate and post-graduate levels. It is a must read for scholars, practitioners and enthusiasts of entrepreneurial education and knowledge. What Others Say "This book makes a very useful contribution to understanding the factors that affect entrepreneurial behaviour. It will add great value in the field of entrepreneurship." - " Henry M Bwisa, Professor of Entrepreneurship, Jomo Kenyatta University of Agriculture and Technology. " "The practical approach, based on case study and research results in this book, offers powerful insights into entrepreneurial behaviour in the Kenyan economic landscape. This in invaluable resource for students of entrepreneurship in developing countries." - " Book Editor "
Factors Affecting Growth and Survival Of Small and Micro - Enterprises
Author: Daniel NdunguPublisher:
ISBN: 9783330328419
Category :
Languages : en
Pages : 52
Book Description
Small Enterprises and Economic Development
Author: Carl E. LiedholmPublisher: Routledge
ISBN: 1135118159
Category : Business & Economics
Languages : en
Pages : 146
Book Description
Micro and small enterprises (MSEs) have been recognized as a major contemporary source of employment and income in a growing number of developing countries. Yet, relatively little is known about the characteristics and patterns of change in these enterprises. This volume examines the dynamics of MSEs in the development process. Drawing on a unique set of surveys conducted in twelve countries in Africa and Latin America the authors map the patterns of change in MSEs in the developing world. Subjects covered include: * significance of new start and closure rates of MSEs * factors involved in expansion rates and growth patterns of MSEs * the role of gender in MSEs evolution.