IMPETUS OF ENTERPRENEURSHIP AND BUSINESS GROWTH OF MICRO AND SMALL ENTERPRISES IN THE FURNITURE MANUFACTURING SECTOR IN KENYA

Abstract

The purpose of the study was to establish the key drivers that can propel one to venture into the furniture manufacturing sector and eventually contribute to the growth of MSEs in this sector. This research adopted a research design that was descriptive, and the targeted population was drawn from entrepreneurs operating MSEs in the furniture manufacturing sector within Nairobi County, from which a sample size of respondents was selected. Respondents for this research were identified using random sampling technique. Gathering of data was done using questionnaires; thereafter the data was analysed using descriptive statistics so as to draw conclusions from the findings. The research begun with a pilot survey which helped in identifying the suitability of the questionnaires in terms of the ability to answer the questions provided and whether the questions meet study’s overall objective. Any adjustments and recommendations from the pilot survey were integrated to develop the final questionnaire. Data collection process was increased by using research assistants (RAs) who are trained on the use of research analytical tools. The first process involved data coding and later analysis of the data SPSS software and finally data presentation using tables and figures. The study found that an entrepreneur's personal characteristics had a positive impetus to entrepreneurship and growth of MSEs in the furniture manufacturing sector; social characteristics had a positive impetus to entrepreneurship and growth of MSEs in the furniture manufacturing sector, entrepreneurial competencies had a positive impetus to entrepreneurship and growth of MSEs in the furniture manufacturing sector and firm characteristics had a positive impetus to entrepreneurship and growth of MSEs in the furniture manufacturing sector. The study recommends management of SMEs to develop ways of encouraging retention of experience employees; this will contribute towards enhanced organizational performance which is critical for the firm's growth. It is also important to share information with employees and clients within an organization this will enable the company to deal with challenges effectively.

Key Words: Impetus of Entrepreneurship, Entrepreneurship, Personal Characteristics, Social Characteristics, Entrepreneurial Competencies, Firm Specific Characteristics, Furniture Manufacturing Enterprises, Micro, Small and Medium Enterprises, Business Growth, Sales Turnover.