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Determinants of Growth for Small and Medium Enterprises in Namibia

Author: David Mpunwa

Publisher: GRIN Verlag

Published: 2020-03-31

Total Pages: 75

ISBN-13: 3346139980

Academic Paper from the year 2020 in the subject Business economics - Business Management, Corporate Governance, , language: English, abstract: SMEs are still incertitude in their quest to run their business effectively. These compunctions are lack of access to finance, lack of access to market, lack of growth, poor education, lack of family support and poor business skills. All these determinants hamper the SMEs, which ultimately leads to their failure. Globally, SMEs are engines of expansion because they play a strategic role in poverty alleviation, job creation and wealth provision of regional equilibrium through industrial dispersal and reduction of rural-urban migration. We argue that if much had been done by State to promote SMEs, then the rate of unemployment would be one digit, not two digits in Namibia. The ease of making business in Namibia is appalling rated by WHO as an environment which does not promote and not easy to enhance SMEs growth. The regulatory environment for SMEs is very challenging. There are so many prohibiting procedures for starting a business as a local and foreigner. The overall research design of this rubric entailed a survey research method and drew from the procedures for researching small tourism businesses in Katima Mulilo. We made cross-sectional study and involved a sample of 14 entrepreneurs that was got between March 2017 and August 2018. Status of growth for Katima Mulilo shows that 0-2% have 10% growth, while 20% had 3-4% growth, 60% of the SMEs had average growth 5-9%. The remaining 20% had high growth of 10-25% status of growth in the company. The component score coefficient matrix shows factor component loadings using the principal component analysis. The factor loadings for individual characteristics, social determinants, poor business location and poor financial management, are very low symbolising that they are poor while human capital and planning and ordaining are higher than 0.40. They are symbolising that they are moderately below par. The principal component analysis is a variable reduction analysis and vital for checking redundancy for the figures. Factor analysis in this study assumes that covariation among the observed variable is due to the presence of one or more latent variables which exert directional influenced observed variables. We recommend that the government should have a National Entrepreneurship Policy Framework and Implementation Guideline and put in place an Entrepreneurial Act to promote Entrepreneurs in the Country.

Handbook of Research on Strategies and Interventions to Mitigate COVID-19 Impact on SMEs

Author: Baporikar, Neeta

Publisher: IGI Global

Published: 2021-06-25

Total Pages: 628

ISBN-13: 1799874370

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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.

Handbook of Research on Sustaining SMEs and Entrepreneurial Innovation in the Post-COVID-19 Era

Author: Baporikar, Neeta

Publisher: IGI Global

Published: 2021-02-05

Total Pages: 676

ISBN-13: 1799866343

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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.

OECD Studies on SMEs and Entrepreneurship High-Growth Enterprises What Governments Can Do to Make a Difference

Author: OECD

Publisher: OECD Publishing

Published: 2010-11-03

Total Pages: 236

ISBN-13: 9264048782

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This report presents reports from 15 countries that provide interesting insights into the operations of and challenges faced by high-growth enterprises as well as a policy survey of 340 programmes in 24 countries.

Factors Affecting Growth of SMEs in Gatundu Region North Sub-county

Author: Mary Jokorvic

Publisher:

Published: 2014-04-17

Total Pages: 20

ISBN-13: 9783656639015

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Scholarly Research Paper 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 generatio

Small Business, Entrepreneurship and Enterprise Development

Author: Graham Beaver

Publisher: Pearson Education

Published: 2002

Total Pages: 234

ISBN-13: 9780273651055

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Providing an introduction to the establishment, development and managerial issues confronting the smaller enterprise, this text is particularly concerned with the kinds of action and behaviour that seem to characterise successful new business ventures.

Namibia

Author: International Monetary Fund. African Dept.

Publisher: International Monetary Fund

Published: 2019-09-13

Total Pages: 106

ISBN-13: 1513513907

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This 2019 Article IV Consultation with Namibia discusses that with the temporary stimuli now ended, the economy is rebalancing while the government is implementing a significant fiscal consolidation. A likely slow recovery, the need for further fiscal adjustment to bring public debt to a sustainable path, persistent inequalities and structural impediments to growth, point to a challenging outlook. Immediate measures are needed to deliver the authorities’ fiscal adjustment plans and bring public debt to a sustainable path. Policies should combine spending reductions and revenue increases that support long-term growth. Better targeting of cash transfers would protect the poor. Structural reforms are urgently needed to strengthen productivity and external competitiveness and boost long-term growth. Reforms should streamline business regulations, contain public sector wage dynamics, and reduce costs of key production inputs. Over time, it is important to remove non-tariff barriers to exports, foster the adoption of new technologies, and address shortages of skilled workers.

Handbook of Research on Entrepreneurship Development and Opportunities in Circular Economy

Author: Baporikar, Neeta

Publisher: IGI Global

Published: 2020-06-26

Total Pages: 696

ISBN-13: 1799851176

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With the need for sustainability, a focus on developing an economic system that aims at minimizing waste, commonly referred to as the circular economy, is emerging. Circular economy and studies related to it have gained worldwide attention, as it seems to be an effective alternative economic system. Naturally, the circular economy will impact enterprises and will shift how entrepreneurship development and entrepreneurial opportunities are perceived, developed, and resourced. The Handbook of Research on Entrepreneurship Development and Opportunities in Circular Economy is a collection of pioneering research that advances the understanding of entrepreneurship development, identifies the opportunities, and manages the entrepreneurship development, policies, and programs in order to further a circular economy. In addition to entrepreneurship development and entrepreneurial opportunities, the book will cover and discuss a number of other factors necessary for a successful transformation, such as entrepreneurship and innovation, entrepreneurship and change, and entrepreneurship education. While highlighting topics including consumer consumption, knowledge management, and linear economics, this book is ideally designed for entrepreneurs, small business owners, managers, consultants, organization development specialists, policymakers, researchers, industry experts, academicians, and students.

Government Policy and Critical Success Factors of Small Businesses in Singapore

Author: Harold Siow Song Teng

Publisher: Cambridge Scholars Publishing

Published: 2011-09-22

Total Pages: 230

ISBN-13: 1443833940

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One of the main economic players responsible for Singapore’s economic success is its small and medium-sized enterprises or SMEs. Their overall success has helped propel the country and its people forward. From economic policies to politics, Singapore is a planned and regulated economy. Singapore’s economic success story is actually the result of a form of capitalism carefully calibrated and controlled by the government. An important element or aspect of good critical success factors (CSFs) emerges from the role being played by the government. The existence of good government or public policies that are pro-business is vital for the success of firms. Despite the fact that government policies and CSFs are widely studied in areas around the world including in Singapore, there is no comprehensive prediction model available to test if firms have potential to be successful or are more prone to failures. Much research investigates the non-financial factors contributing to success versus failure of small firms, but empirical tests of the predictability of these factors are less common. This book, which is primarily quantitative/ positivist in nature will attempt to fill this gap.

OECD SME and Entrepreneurship Outlook 2021

Author: OECD

Publisher: OECD Publishing

Published: 2021-06-28

Total Pages: 294

ISBN-13: 9264579311

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Small and medium-sized enterprises (SMEs) and entrepreneurs have been hit hard during the COVID-19 crisis. Policy responses were quick and unprecedented, helping cushion the blow and maintain most SMEs and entrepreneurs afloat. Despite the magnitude of the shock, available data so far point to sustained start-ups creation, no wave of bankruptcies, and an impulse to innovation in most OECD countries.