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Factors Influencing the Growth of Women Led Small and Medium Enterprises in Kenya

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dc.contributor.author Mumbi, Taddy Wanjiku
dc.date.accessioned 2016-07-12T12:18:04Z
dc.date.available 2016-07-12T12:18:04Z
dc.date.issued 2016
dc.identifier.uri http://erepo.usiu.ac.ke/11732/2589
dc.description A Project Report Submitted to Chandaria School of Business in partial Fulfilment of the Requirement for the Degree in Masters in Business Administration (MBA) en_US
dc.description.abstract The purpose of this study was to investigate factors that influence the growth of Women led Small and Medium enterprises in Kenya. The study was guided by the following research questions: What are the key economic factors influencing the growth of Women led Small and Medium enterprises in Kenya? How does management skills influence the growth of Women led Small and Medium enterprises in Kenya? How does government policy influence the growth of Women led Small and Medium enterprises in Kenya? The research adopted a descriptive design with a target population of 290 SMEs from which a sample size of 90 respondents was selected. The respondents were identified through non-probability sampling in the form of random sampling. The collection of data was conducted through the use of questionnaires and thereafter analyzed through descriptive statistics so as to be able to draw conclusions. The research procedure begun with a pilot survey, this helped to identify the questionnaire’s suitability in terms of ability to answer the questions at hand and meet my overall objective. Adjustments and recommendations from the pilot survey were then incorporated to come up with a final questionnaire. The process of data collection was enhanced by the use of research assistants (RAs) drawn from business class and trained on the use of the research tools. Data coding was first done then followed by data presentation via tables and figures. Primary data was collected by means of a questionnaire and tabulated appropriately for ease of further extraction and analyses. Data coding was done to enable the use of statistical analysis tools. Since this research was essentially descriptive, appropriate descriptive statistics like percentages and frequency distribution were employed in analyzing primary data. Regression analysis was also used to establish the relationship between market access and growth of SMEs. Presentations of findings were mainly in tables, charts and graphs. The study revealed that majority of the respondents agreed that borrowers in women led SMEs have been unable to manage their finances, inflation affect women led SMEs, foreign exchange rate fluctuations expose majority of the SMEs to foreign exchange risk, access to credit resources affect women led SMEs, interest rates affect women led SMEs, market access is essential to the success of women led SMEs. The study further revealed that majority of the respondents agreed that managerial competency affect women led SMEs, creativity is key to the success of women led SMEs, innovation affect women led SMEs, strategic decision-making techniques is key to the success of women led SMEs, human resource management Skills is key to the success of women led SMEs and finally strategic thinking affect women led SMEs. Finally the study revealed that majority of the respondents agreed that government SMEs Policy affect women led SMEs, taxation policy affect women led SMEs, government trade policy affect women led SMEs, county regulatory frameworks affect women led SMEs, subsidy policy affect women led SMEs and finally government legal framework affect women led SMEs. The study concludes that economic factors affect the growth of women led SMEs. Additionally the study concludes that borrowers in women led SMEs have been unable to manage their finances, inflation affect women led SMEs, foreign exchange rate fluctuations expose majority of the SMEs to foreign exchange risk, access to credit resources affect women led SMEs, interest rates affect women led SMEs, market access is essential to the success of women led SMEs. The study concludes that management skills affect growth of women led SMEs. The study further concludes that managerial competency affect women led SMEs, creativity is key to the success of women led SMEs, innovation affect women led SMEs, strategic decision-making techniques is key to the success of women led SMEs, human resource management Skills is key to the success of women led SMEs and finally strategic thinking affect women led SMEs. The study concludes that government policies affect policy and growth of SMEs. The study further concludes that government SMEs Policy affect women led SMEs, taxation policy affect women led SMEs, government trade policy affect women led SMEs, county regulatory frameworks affect women led SMEs, subsidy policy affect women led SMEs and finally government legal framework affect women led SMEs. The study recommends that women led SMEs need to consider the various economic factors that influence growth such as interest rates, inflation as well as exchange rates. In this regard they need to develop strategies that will enable them to thrive in different economic environments. This will enable them to remain steadfast even in the event of changes in the economic conditions. The study also recommends the need for SMEs to invest more in human capital in terms of training and capacity building. This will go a long way in enhancing their competencies and thus improve on the performance of SMEs which will go a long way in enhancing growth of SMEs. The study further recommends the need for government ministries to come up with easier ways of doing business in the country and especially so for SMEs. This includes loosening the requirements for certain policy requirements in order to facilitate growth of SMEs in Kenya. en_US
dc.publisher United States International University - Africa en_US
dc.subject Factors Influencing the Growth of Women Led Small and Medium Enterprises in Kenya en_US
dc.subject Small and Medium Enterprises en_US
dc.title Factors Influencing the Growth of Women Led Small and Medium Enterprises in Kenya en_US
dc.type Thesis en_US


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