Government Policies and Strategies in Dealing with Challenges Confronting Small and Medium Enterprises : a Case of Harare, Zimbabwe

Government Policies and Strategies in Dealing with Challenges Confronting Small and Medium Enterprises : a Case of Harare, Zimbabwe PDF Author: Mapeto Bomani
Publisher:
ISBN:
Category : Business incubators
Languages : en
Pages : 0

Book Description


Strategic Management Practices and Challenges. The Case of Small and Medium Scale Enterprises in Harare

Strategic Management Practices and Challenges. The Case of Small and Medium Scale Enterprises in Harare PDF Author: Alick Mhizha
Publisher: GRIN Verlag
ISBN: 3656949808
Category : Business & Economics
Languages : en
Pages : 232

Book Description
Doctoral Thesis / Dissertation from the year 2014 in the subject Business economics - Operations Research, , course: PhD Commerce, language: English, abstract: This research was carried out with the objective of establishing the challenges faced by small and medium scale entrepreneurs in their efforts to adopt strategic management in their value chains. A review of relevant literature revealed that strategic management is a very important approach that all businesses need, no matter their size, in order to enhance effectiveness. It is known to support professionalism, profitability and sustainable value addition when applied according to best practice. Quantitative and qualitative approaches to data gathering were applied to enable the researcher to establish a richer picture of the exact situation on the ground. Quantitative data were collected from a sample of 292 respondents while qualitative data were obtained from a sample of 127 key informants and stakeholders. Drawing inspiration from the survival strategies of the chameleon, the researcher postulated the Chameleon Survival Strategy Model for small and medium-scale enterprises. The model was then used as a benchmark in the analysis of quantitative data, which were treated using the statistical package for the social sciences (SPSS) and qualitative data, which were content analysed. The chameleon survival strategy was used as the standard to assess the extent to which small and medium scale enterprises were compliant with the fundamentals of strategic management as exhibited by the chameleon in its environment. The key findings were that SMEs failed the Chameleon Survival Strategy Model test, based on the overall value of the model’s index obtained after data analysis. It was observed that SMEs did not practice strategic management and were therefore not consistent with the chameleon survival strategies, outlined in the model’s seven attributes. The conclusions drawn, recommendations and implications of the study on Government policy, the work of stakeholders and entrepreneurs, are presented in this document. The conclusions point to the need for Government and stakeholders to revisit their interventions and support programmes targeting entrepreneurs, to include strategic management capacity development. The lack of knowledge and exposure was found to be the key reason for entrepreneurs’ failure to embrace strategic management in their operations. It is also recommended that Government and stakeholders carry out constant needs assessment to establish the exact needs of entrepreneurs, which tend to be quite dynamic.

Agents of Change

Agents of Change PDF Author: International Development Research Centre (Canada)
Publisher: IDRC
ISBN: 0889367264
Category : Electronic books
Languages : en
Pages : 374

Book Description
Discusses the process of designing and implementing national policies that give priority to small enterprise development. Deals with regulatory reforms, agents of change in financial services, and innovations to improve the competitive potential of small enterprises.

Strategic Management in Small and Medium Enterprises

Strategic Management in Small and Medium Enterprises PDF Author: Kudakwashe Gutu
Publisher:
ISBN:
Category : Balanced scorecard (Management)
Languages : en
Pages : 682

Book Description


Empowering Small Enterprises in Zimbabwe

Empowering Small Enterprises in Zimbabwe PDF Author: Kapil Kapoor
Publisher: World Bank Publications
ISBN:
Category : Business & Economics
Languages : en
Pages : 60

Book Description
IFC Lessons of Experience Series No. 5. The project experience accumulated by the International Finance Corporation (IFC) provides a basis for analyzing the way in which the investment framework has changed over time in developing countries and the implications for the success and efficiency of foreign direct investment (FDI) ventures. This report discusses the growth of FDI in the world economy and its role in emerging markets, describes the role of IFC in providing policy advice related to FDI (and the IFC's experience as an investor alongside FDI in developing countries), and draws lessons for how to structure FDI projects and policies to attract such investments. Annexes present and describe global FDI flows, FDI projects involving IFC investment and FIAS advisory assignments, and FDI projects examined in preparing this study. Also available: French (0-8213-4212-6) Stock No. 14212; Spanish (0-8213-4213-4) Stock No. 14213.

The Impact of Small to Medium Enterprises to the Zimbabwean Economy and the Challenges They Face. A Case Study on Small and Medium Enterprises Association of Zimbabwe

The Impact of Small to Medium Enterprises to the Zimbabwean Economy and the Challenges They Face. A Case Study on Small and Medium Enterprises Association of Zimbabwe PDF Author: Anthony Tapiwa Mazikana
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Book Description
The discussion of the contribution of SMEs businesses to the Zimbabwean economy has been subject of debate over recent decades. This study examines the impact of small to medium enterprises to the Zimbabwean economy and the challenges they face. This study also aimed at critically assessing the roles of Small and Medium Enterprises in the Zimbabwean Economy, establishing the major challenges or constraints which are being faced by the SMEs and how affect the Zimbabwean economy, to suggest how the challenges faced by SMEs be addressed and to assess how managers of manufacturing SMEs apply principled management. A comprehensive international literature study was undertaken. The data were collected from the 300 owners/managers and employees of the SMEs of using five-point Likert scale through the survey of 30 small and medium-sized units. The data were analysed by using descriptive statistics. The results of this study revealed that SMEs are playing a positive and significant role for the economic progress of Zimbabwe, fundamental role in foreign exchange earnings and GDP of Zimbabwe. The present study further suggested that SMEs are also providing job opportunities in the country and have a major contribution in export sub-sector of Zimbabwe.

The Impact of Hyperinflation on Small to Medium Enterprises in Harare, Zimbabwe

The Impact of Hyperinflation on Small to Medium Enterprises in Harare, Zimbabwe PDF Author: Tawanda Makusha
Publisher:
ISBN:
Category : Informal sector (Economics)
Languages : en
Pages : 158

Book Description


Innovations in the Micro - Small to Medium Enterprises Sector Towards Economic Development in Zimbabwe

Innovations in the Micro - Small to Medium Enterprises Sector Towards Economic Development in Zimbabwe PDF Author: Mathew Svodziwa
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

Book Description
Innovation has many enablers that are related to both internal and external environments. The internal environment covers the company's operations, market strategy and vision, skills, creativity, and quest for innovation, among others. This paper investigated opportunities and challenges for Micro-Small to Medium Enterprises in Zimbabwe to successfully emerge as agents of economic development through innovation. The analysis includes the personal characteristics that make up MSMEs as well as the contemporary environments in which MSMEs operate. This paper is grounded on Schumpeter's notion that entrepreneurship contributes to economic development through the interplay of new firm creation, innovation and competition. The study adopted a case study research design as Bulawayo was utilized as the case in Zimbabwe. Purposive sampling was utilized in identifying study participants for focus group discussions and random sampling was utilized in identifying 142 respondents for questionnaires. The study's findings revealed that the MSME's sector is motivated to innovate so as to improve the way and speed in products formation. Interactions and multiple social networks are also established in the MSMEs sector in the process of innovation based on kinship, friendship ties and manufacturer- client relationship. The MSMEs studied focused on adapting, imitating and modifying existing innovations rather than pursuing genuine Schumpeterian innovation. The study notes that innovation is happening but it is not a priority for the MSME sector and therefore policies aimed at catching up with modern technology should be the central focus in providing assistance for entrepreneurs and these are suggested in this paper. The results also revealed that while economic profit is a priority for most entrepreneurs, MSMEs exists mainly to alleviate poverty through income generating activities and contribute to economic development by providing employment and income for the poor. The study concludes that innovation is a results of demand driven synergies which are prevalent in the society and the MSMEs' sector skills and knowledge, which therefore means that there are many opportunities to be tapped but however there is lack of investment and robust policy which need to be unlocked. The study recommends that innovations in the MSMES' sector need a holistic attention from stakeholders of the country's industrialization plans not to be merely seen as rhetoric and politicking. Modernization and technology upgrading along with innovative methods of capacity building and marketing of products are necessary. A holistic innovation policy for the MSME sector can also be made to promote innovation. The policy, institutions, and supporting framework have to be improved to remove MSMEs' perception that government is limiting their success. Over time, this can be done with the proactive participation of experts and policy makers to benefit Zimbabwe's MSMEs.

Governing Business Systems

Governing Business Systems PDF Author: Gandolfo Dominici
Publisher: Springer
ISBN: 3319660365
Category : Computers
Languages : en
Pages : 183

Book Description
Based on papers from the 4th Business Systems Laboratory International Symposium (BSLAB) in 2016, this volume contributes to the business management, organizational and innovation literature by providing insights on the antecedents of systems thinking in the business systems domain. The Business Systems Laboratory International Symposium addresses current global economic and social challenges from a systemic perspective, drawing from the domains of management, economics, engineering and sociology. In particular, the 2016 Symposium focuses on the epistemological, theoretical, methodological, technical and practical contributions that represent advancements in the theory and practice of governing business systems to address present and future challenges in the global economy. The contributions explore the application of systems thinking to governance, involving the introduction of new administrative organizational and managerial activities aimed toward organizational innovation and control.

Beyond the Enclave

Beyond the Enclave PDF Author: Godfrey Kanyenze
Publisher: African Books Collective
ISBN: 1779221517
Category : Business & Economics
Languages : en
Pages : 548

Book Description
Beyond the Enclave sets out to unravel the contradiction of a country, Zimbabwe, where a rich, diverse resource base co-exists with endemic poverty. One reason lies in the colonial economy, which was predicated on an ideology of white supremacy, creating an enclave formal economy employing one-fifth of the labour force. Yet over three decades after independence, the non-formal segment has become even more entrenched. This book assesses Zimbabwe's economy through three main phases: 1980- 0 when a strong social policy framework proved difficult to sustain due to erratic growth, and 1991- 6, when "structural adjustment" demanded a market-driven approach to development. The third phase is characterized by crisis-management leading to policy inconsistencies and reversals. Not surprisingly, such incoherence saw the economy descend into hyperinflation and paralysis in 2007- 8, leading to the signing of the Global Political Agreement in September 2008. In the absence of formal dollarization, economic recovery after the adoption of the multi-currency regime has remained fragile, leaving an estimated 70 per cent of the population outside the banking system. This has further entrenched uneven (enclave) growth as the economy remains locked in a low-income poverty trap. There is a need to facilitate transition towards formality to promote decent jobs. Furthermore, a strategic, developmental role for the state in the economy is now widely recognized as vital for development. Beyond the Enclave argues for a new approach to development in Zimbabwe based on pro-poor and inclusive strategies, which will contribute to the well-being of all of its citizens and wise stewardship of its resources. It offers suggestions on policy formulation, implementation, monitoring and evaluation in all sectors, designed to promote inclusive growth and humane development.