STRATEGY IMPLEMENTATION PRACTICES AND THE PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES IN KENYA

ABDULLAHI HAJI ADAN

Abstract


This study sought to explore factors which influence performance of SMEs in Namanga Town, Kajiado County. This study was guided by the following specific objectives: To analyse the effects of market access on performance of small and medium enterprises at Namanga; To assess whether transportation cost has any effects on performance of small and medium enterprise at Namanga; To survey employee capacity on the performance of Small and Medium Enterprise at Namanga; and To find out the effects of financial access on performance of small and medium enterprise at Namanga. The study was reinforced by the following theories; Theory of firm survival and performance. The focus population is on 334 SME situated in Namanga, Kajiado County. The said target population was basic to this study since it gave direct data for analyses. For the reasons of the study stratified sampling testing was utilized to choose the objective gathering. Stratified random sampling was utilized in choosing respondents. The population is isolated into a few fundamentally unrelated sub-populations or strata grouped as business classifications. The sample size was 30% of the target population. The real business examined was picked by utilizing straightforward arbitrary techniques to draw the example from every stratum. This study used a survey to manually gather essential information. The survey outlined in this study will involve two areas. The poll was intended to incorporate both organized and unstructured inquiries. Before preparing the reactions, the finished polls were altered for fulfilment and consistency. Information gathered was quantitative and subjective in nature. The elucidating factual apparatuses helped the researcher to portray the information and decide the degree utilized. Study was done quantitatively and subjectively by utilization of expressive measurements. This included recurrence circulation, tables, rates, mean and standard deviation. Likewise, progress measurable systems (inferential insights) were additionally considered. The study presumes that market got to is decidedly identified with execution. Worker ability and preparation is decidedly identified with performance of small and medium enterprises. Transportation costs influenced performance of small and medium enterprises and money related access is decidedly identified with performance of small and medium enterprises. The study prescribes that to build the market; the legislature should expand its utilization of items from small and medium enterprises from the current 30% to half over every one of its departments and parastatals. The administration ought to enhance its offering framework by making it less demanding for small and medium enterprises to win government tenders.


Full Text:

PDF

References


Aleke, D, (2003). The Nature and Characteristics of Small-Scale Industries in Kenya. Nairobi: K-Rep Report No. 3.

Arbury, L. (2011). The Failure Syndrome. American Journal of Small Business.Vol. 17 No.2, pp.123-42.

Calderon, D. & Serven, P. (2003). Theory and Practice in SME Performance Measurement Systems, International Journal of Operations & Production Management, Vol. 21 No.8, pp.1096-115.

Donzell, L., Mann, J.& Francis, K. (2006). Corporate Finance Provides an introduction to zero coupon bonds and stripping coupon bonds. London: Sage Publications.

Eeden, S. (2004), Knowledge management for sustainable competitiveness in small and medium surveying practices, Structural Survey, Vol. 23 No.1, pp.7-21.

Estache, H, (2006); Supervision, concept and Practices of Management (2nd Edn.) West Chicago: South Western Publishers.

Gathenya, J. (2011). Interaction between Women Entrepreneurs Age and Education on Business Dynamics in Small and Medium Enterprises in Kenya. International Business Journal of Business and Social Science. Vol. 2, No. 15, 265-272.

Gilmore, C. (2011). Training Goes to Market: A Comparative Study of Two Kenyan Training Programs. MBP Publications, Bethesda, Maryland: DAI.

Hornby, A. (2005). Oxford Advanced Learner’s Dictionary of Current English. International Students.7th Edition. India: Oxford University Press. IBM Corporation.

Kiiru, M. &Masaviro, P, (2008). Information Systems Strategy for Small and Medium Sized Enterprises: An Organisational Perspective. The Journal of Strategic Information Systems 9(1), 63–84.

Kinyanjui, M. (2006).Overcoming Barriers to Enterprise Performance: The Experience of Micro and Small Enterprises in Rural Kenya. Nairobi: University of Nairobi Press.

Kiveu, M. (2008).Factors Influencing ICT Adoption by Small and Medium Enterprises: A case of Thika Municipality. Unpublished Thesis, Kenyatta University, Nairobi.

Mahmoud, M. (2011). Market orientation and business performance among SMEs in Ghana. International Business Research, 4(1), 241-251.

Mann, C., Grindle, S. & Parker, J,.(1989). Seeking Solutions: Framework and causes for Small Enterprise Development Programmes. San Francisco: Kumarian Press.

Mazanani, M. &Fatoki, O. (2011). The Effectiveness of Business Development Service Providers in Improving Access to Debt Finance by Start-up SMEs in South Africa. International Journal of Economics and Finance. Vol. 3 (4), 208-216.

McCormick, D. (2012). Why small firms stay small; Risk and Performance in Nairobi’s small scale manufacturing Nairobi. Institute of Development Studies. Unpublished Research Paper. Nairobi: University of Nairobi Press.

Mulinge, D. (2009). A Survey of Marketing Practices Adopted by SMEs Dealing with Clothing and Footwear: A Case of Makueni District. Unpublished MBA Project University of Nairobi. Nairobi: University of Nairobi Press.

Munnell, M., Feather, J., & Matthews, G. (2010). Business Information Provision for Small and Medium Sized Enterprises in China: The Application of Marketing Models, Library Management, Vol. 15 No.8, pp.16-23.

Nganga, S. (2011). Determinants of SME growth (wood enterprises): Infrastructure, technology and collective efficiency. Journal of Geography and Regional Planning. 4(8), pp. 498-504.

Ngechu, M. (2004).Understandng the Research Process and Methods: An Introduction to Research Methods. Nairobi: Acts Press.

Nyambura, N. (1992). The characteristics of small scale manufacturing enterprises of Gikomba market, Unpublished M.Sc. Entrepreneurship Research paper. Nairobi: University of Nairobi Press.

Nzioka, M. (2005).Factors affecting financial performance of private water firms in Kenya. A case study of Nairobi city water and sewerage company Ltd. Nairobi: Unpublished Paper Moi University.

Odero, G. Khayesi, J. &Heda, M, (2003). Causes of Failure of small-scale African Businesses in Machakos District, Unpublished MBA Project Kenyatta University. Nairobi: Kenyatta University Press.

Oshikoya, T. & Hussain, M. (2007).Information technology and the challenge of economic development in Africa, Copenhagen: International Books and the Centre for African Studies.

Price, D. &Boncella, P. (2000). The Policy Environment for Promoting Small and Medium Sized Enterprises in Ghana and Malawi. Institute for Development Studies, University of Manchester, ISBN: 1 902518675

Price, D. (2013). The Relationship between Innovation, Knowledge and Performance in family and non-family firms: An Analysis of SMEs.Journal of Innovation and Entrepreneurship, Vol. 2 (14) 1-20

Scott, M. & R. Bruce, (2006). 5 Stages of Performance in SMEs.Long Range Planning Vol. 20, No. 3. Pp. 45, 22–52.

Wanjohi, A. & Mugure, A. (2008). Factors Affecting the Performance of MSEs in Rural Areas of Kenya: A case of ICT firms in Kiserian Township, Kajiado District of Kenya.Unpublished M.Sc. Entrepreneurship Research paper. Nairobi: UON Press.

Wasonga J, (2008) Challenges Influencing Small and Medium Enterprises (SMES) in Kenya: The Fina Bank Experience. Unpublished MBA Project University of Nairobi. Nairobi: University of Nairobi Press.


Refbacks

  • There are currently no refbacks.