scholarly journals Challenges and Opportunities of Micro and Small Enterprises Strategy in Ethiopia Urban development, the case of Ambo Town, Oromia, Ethiopia#

2018 ◽  
Vol 9 (2) ◽  
pp. 55
Author(s):  
Yared Teshome Geneti
Keyword(s):  
Social Development ◽  
Good Governance ◽  
Local Governance ◽  
National Development ◽  
Small Enterprise ◽  
Primary Data ◽  
Small Enterprises ◽  
Market Place ◽  
Challenges And Opportunities ◽  
Micro And Small Enterprises

In Ethiopia, Micro and Small Enterprise (MSE) is prioritised as important means of economic diversification, job creation, income generation and equity distribution as indispensable poverty reduction sector since 2006. Despite the great attention given to micro and small enterprises, little research exists that examines challenges and opportunities of the Sector in the implementation trajectory. With the new initiative of National Development Programme to Accelerate Sustainable Development to Eradicate Poverty (PASDEP) in 2006-2010, the government has been commencing a new Micro and Small Enterprises Development Strategy. However, the blue prints strategy would be able to prove in the process to achieve the goals and target through timely evaluation of its implementations. It has been long time and common to listen and observe complains of MSEs on the overall sectoral performance and strategic incompatibility both among the unemployed societies and existing MSEs. Based on this rationale, the study was intended to assess the challenges and opportunities of the existing MSE strategy in Ambo town. In this descriptive research primary data were collected from 135 MSEs in Ambo using stratified and purposive sampling design.<br />MSEs in Ambo town are facing different challenges. These challenges are identified as marketing, financial, good governance, i.e., lack of market place; inadequacy credit facilities and inefficient service delivery. The study shows that the long and delayed procedure to establish MSEs is the most common challenges observed in both the old (2006) and new (2011) strategies. These are mainly as a result of inefficient human resource capacities of the sector and cumbersome procedures of credit and saving institution in the town. Moreover, a little understanding of unemployed society on the strategy is the main gap creating misunderstandings. Findings indicated that, the above challenges are a bottle-neck to the goal set by the strategy to create jobs for unemployment and being urban base of local economic and social development. In prospect wise, the study asserted that, the 2011 strategy has been improving MSEs to have a clear definition, typical set ups and structure arrangements as enterprise. Therefore, the strategy has identified as the means to change the societal structure by creating broad local economic and social development to the extent of medium investors. Finally, promoting awareness to active unemployed citizens by giving continues capacity building for both office staff and members of enterprises, local governance reforms and the rechecking of MSE establishment procedures are important in alleviating the problems at implementation stage.

scholarly journals Determinants of the continuous operations of micro and small enterprises during COVID-19 pandemic in Ethiopia

2021 ◽  
Vol 10 (1) ◽  
Author(s):  
Erstu Tarko Kassa
Keyword(s):  
Regression Analysis ◽  
Sampling Technique ◽  
Small Enterprise ◽  
Primary Data ◽  
Small Enterprises ◽  
Economic Factors ◽  
Cross Sectional ◽  
Correlation And Regression Analysis ◽  
Micro And Small Enterprises ◽  
Cross Sectional Design

AbstractThe main objective of this study is to assess determinant factors for the continuous operations of micro and small enterprises during COVID-19 pandemic. The study adopted a cross-sectional  design, with both descriptive and explanatory research design. To achieve the objectives of the study, 276 respondents were selected from 890 micro and small enterprise owners. The sample of the study was selected through proportional stratified random sampling technique from the business types (manufacturing, construction, urban agriculture, service and trade). To collect the primary data, questionnaires were dispatched to owners/operators of micro and small enterprises. The collected data were analyzed through descriptive, correlation and regression analysis techniques. The finding of the study revealed that people and administrative factors, regulatory factors, economic factors, partnerships, leadership of owner have a positive relationship to micro–small enterprise continuous operations during COVID-19 pandemic with the value of r = 0.457, 0.558, 0.572, 0.519 and 0.654, respectively. The study regression analysis result assured that partnership, economic factors, and leadership of the owner has a positive statistical significant effect on the continuous operations of the micro and small enterprise during COVID-19 pandemic with the value of (p < 0.05). The researcher recommended that strenghtening partnership with stakeloders and excersing best leadership practices are essential to ensure the continuous operations of the micro and small enterpreses.

scholarly journals Determinants of Financial Management Practice: The Case of Micro and Small Enterprises in East Gojjam Zone, Ethiopia

2020 ◽  
Author(s):  
Gedefaw Asres ◽  
Beza Muche Teka
Keyword(s):  
Financial Management ◽  
Management Practice ◽  
Multiple Linear Regression Model ◽  
Management Training ◽  
Small Enterprise ◽  
Primary Data ◽  
Systematic Sampling ◽  
Small Enterprises ◽  
The Status ◽  
Micro And Small Enterprises

Abstract PurposeFinancial management is defined as the overall arrangement for planning, directing, monitoring, organizing, and controlling of the economic resources of an organization, with a view to efficient accomplishment of the enterprise objectives. It is well recognized that financial management practice has a key reason for the success of those enterprises and it is the main issue for any business type. However, the status of effective financial management practice in developing countries especially in Ethiopia is at its infant stage. Thus, the main objective of the study is to investigate the determinants of financial management practice of micro and small enterprises in East Gojjam Zone. MethodThe type of research applied in this study is explanatory/causal/ in nature. Questionnaires were used to collect primary data. The combination of purposive stratified and systematic sampling techniques were applied to select respondents. A multiple linear regression model was used to test the casual relationship between the study variables.FindingsThe findings indicated that financial management knowledge, financial management attitude, size of enterprise, locus of control, and use of information technology have positive and significant effect on financial management practice. However, gender, owner’s age, and enterprise age have no statistically significant effect on financial management practice of micro and small enterprises.SuggestionThe study suggested that financial management experts should provide financial management training for micro and small enterprise owners/managers.

DATABASE DESIGN FOR E-GOVERNANCE APPLICATION: A FRAMEWORK FOR THE MANAGEMENT INFORMATION SYSTEMS OF THE VIETNAM COMMITTEE FOR ETHNIC MINORITY AFFAIRS

2017 ◽  
Author(s):  
Nguyen Viet Hung ◽  
Phan Van Hung ◽  
Be Trung Anh
Keyword(s):  
Decision Making ◽  
Information System ◽  
Ethnic Minority ◽  
Ethnic Minorities ◽  
Good Governance ◽  
Local Governance ◽  
Geographical Information ◽  
Base System ◽  
Challenges And Opportunities ◽  
Competency Based

Data mode “good governance” developed in the last century for process of sustainable base system, providing basic information and on-line services, supports the development, challenges and opportunities in the context of globalization and integration. In this paper I discuss a framework for the design of e-Local Governance (eLG) that integrates Information System (IS), Geographical Information System (GIS) and Atlas with focus on ethnic minorities in Vietnam. The design framework is based on various classifications such categories as sex, age, ethnic group, education background and income. The database system is built to enhance the Committee for Ethnic Minority Affairs (CEMA) capabilities in the planning and decision making process by providing the authorities with data, internet GIS, internet communication and some ecological economic models to disseminate results to the ethnic minorities. The unique feature of the CEMADATA using GIS is that it helps users not only to improve the public services and to provide information and encourage ethnic minorities to participate in decision making processes, but also to support the competency-based training for IT staff

scholarly journals TO ASSESS THE POSITION OF SMALL MANUFACTURING ENTERPRISES IN ECONOMIC DEVELOPMENT IN ETHOPIA

2019 ◽  
Vol 7 (8) ◽  
pp. 478-488
Author(s):  
Shefali Gupta
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Informal Economy ◽  
Poverty Alleviation ◽  
Small Enterprise ◽  
Tax Revenue ◽  
Small Enterprises ◽  
Corporate Sector ◽  
Manufacturing Enterprises ◽  
Micro And Small Enterprises

Development of micro and small enterprises holds the attraction of being the most important component of broader economic development and poverty alleviation. They are seen as a key and sustainable generator of employment and income for citizens and tax revenue for the state. They also serve as a bridge between informal economy and the formalized corporate sector in developing countries. Likewise, if they are able to meet the required export quality and standards, for some countries they are a source of foreign exchange earnings. It is also believed that a variant micro and small enterprise sector helps to encourage competition since they are favorable to bring about economic growth.

scholarly journals Socio-Cultural Factors and Growth of Women-Owned Micro and Small Enterprises in Likuyani Sub County, Kakamega County

2020 ◽  
Vol 5 (1) ◽  
pp. 44-58
Author(s):  
Dorothy Sikolia ◽  
Rev. Dr. Paul . Mathenge ◽  
Dr. Joseph Ntale
Keyword(s):  
Social Networking ◽  
Gender Equity ◽  
Division Of Labour ◽  
Positive Influence ◽  
Cultural Factors ◽  
Primary Data ◽  
Small Enterprises ◽  
Validity And Reliability ◽  
The Social ◽  
Micro And Small Enterprises

Purpose: This study focused on the social- cultural factors and growth of Micro and Small enterprises owned by women in Likuyani Sub County, Kakamega County, Kenya. The study sought to investigate the social –cultural factors that influence the growth of women-owned MSE enterprises in Likuyani sub County, Kakamega County, Kenya. The specific objectives for the study were :-To determine the influence of literacy on the Growth of women-owned MSEs in Likuyani Sub County, Kakamega County, determine the influence of discrimination on the Growth of women-owned MSEs in Likuyani Sub County, Kakamega County, find out the effects of domestic commitments on the Growth of women-owned MSEs in Likuyani Sub County, Kakamega County and to establish the influence of social networking on the Growth of women-owned MSEs in Likuyani Sub County, Kakamega County.Methodology: The study adopted a descriptive research design. The study targeted a population of 729 women-owned MSEs in Likuyani Sub County who were sampled using Stratified sampling to arrive at an adequate sample of 252 respondents. A structured questionnaire was used as a tool to collect primary data. Validity and reliability tests were done on the research tool through piloting before administration. The data collected was analyzed using quantitative analysis to produce descriptive statistics and inferential analysis to predict a study model.Findings: The study findings showed that; literacy, discrimination, domestic commitments and social networking, had a significant positive influence on the Growth of women-owned MSEs in Likuyani Sub County. In conclusion, the study revealed at 5% level of significance, 67.7% of variation in Growth of women-owned MSEs in Likuyani Sub County being explained by literacy levels, discrimination, domestic commitments, and social networking.Unique contribution to theory, practice and policy: The study recommended that; women in Kakamega County should seek to access basic secondary school education at minimum to  attain some basic entrepreneurial skill and business skills access; the county government of Kakamega should take stringent measures for ensuring that section of the constitution of Kenya relating to gender equity and rights of women are keenly observed for eliminating discrimination; there should  be equal sharing of domestic commitments and promotion of women rights through equal gender division of labour between husband and wife or within the family, women within the county should build strong social networking

scholarly journals THE EFFECT OF SUPPLY CHAIN LINKAGE ON MICRO AND SMALL ENTERPRISES’ PERFORMANCE

2017 ◽  
Vol 17 (1) ◽  
Author(s):  
Siti Aisyah Ya’kob ◽  
Wan Jamaliah Wan Jusoh
Keyword(s):  
Supply Chain ◽  
Information Sharing ◽  
Business Performance ◽  
Positive Relationship ◽  
Development Programme ◽  
Small Enterprise ◽  
Small Enterprises ◽  
Industrial Sectors ◽  
Micro And Small Enterprises ◽  
The Relationship

The practice of linking the enterprises with their channel members through supply chain activities is meant to achieve better performance and to create a win-win situation for both sides. A study on supply chain linkages is necessary in order to observe the effect of the linkages on firms’ performance. Therefore, this study is conducted to examine the factors of supply chain linkages that affect the business performance among micro and small enterprises. Three factors were proposed, which are information sharing, development programme and outsourcing. A total of 214 sets of questionnaires was completed by owners and firm’s personnel from 13 industrial sectors. The findings from this study revealed that information sharing and development programme have a significant and positive relationship with firms’ performance. Even though outsourcing shows a positive relationship with firms’ performance, but the relationship was not statistically significant. The results provide a better understanding of information sharing, development programme and outsourcing from micro and small enterprise perspective in Sarawak.Keywords: Supply Chain; Information Sharing; Development Programme; Outsourcing; Performance; Micro and Small Enterprise.

Financing preferences of micro and small enterprise owners in Tigray: does POH hold?

2009 ◽  
Vol 16 (2) ◽  
pp. 322-334 ◽  
Author(s):  
Gebregziabher Haileselasie Gebru
Keyword(s):  
Small Enterprise ◽  
Small Enterprises ◽  
Pecking Order ◽  
Ownership Type ◽  
Content Type ◽  
Financing Decisions ◽  
Entrepreneurial Skills ◽  
Regional State ◽  
Micro And Small Enterprises ◽  
Pecking Order Hypothesis

PurposeThis paper aims to investigate the determinants of financing preferences of micro and small enterprises (MSEs) owners in Tigray regional state of Ethiopia in light of the Pecking Order Hypothesis (POH).Design/methodology/approachStructured questionnaires were used to collect data from 120 MSEs in six zonal towns of Tigray regional state. Logistic regression model was used to empirically test the literature‐driven hypotheses.FindingsKey findings include that POH holds true for MSE owners in Tigray regional state as the educational level of owners decreases and there is less intrusion in the form of ownership. On the other hand, MSE owners with a higher degree of entrepreneurial skills are found to conform with the predictions of POH. Furthermore, factors such as ownership type, acquisition type, level of education of the owner/s and reason for business startups are found to be major determinants of MSE owners' financing preferences.Research limitations/implicationsThere are of course elements that could determine MSE owners' financing preferences that require better understanding before a reliable prescriptive position on SME financing can be reached. At the same time, in this paper, data were collected from one regional state of Ethiopia that limits the generalization power of the conclusions reached. A need for more in‐depth qualitative investigation is further pointed out.Originality/valueThe research shows significance of ownership structure, entrepreneurability and MSE owners' education level in financing decisions of MSEs. The paper empirically tests POH in MSEs in Tigray regional state of Ethiopia.

scholarly journals Factors That Determine the Closure or Jeopardize the Continuity of a Micro and Small Enterprise

2019 ◽  
Vol 10 (1) ◽  
pp. 78-91
Author(s):  
Oscar Cuauhtémoc Aguilar Rascón ◽  
Rafael Posada Velázquez
Keyword(s):  
Qualitative Approach ◽  
Small Enterprise ◽  
Small Enterprises ◽  
External Variables ◽  
Micro And Small Enterprises ◽  
The Asymmetry ◽  
The Right

This paper explores the factors that determine the closure or jeopardize the continuity of micro and small enterprises (MSEs). We investigated the determinants of failure from the entrepreneur’s perspective using a qualitative approach, and five variables emerged. We discovered that there are internal and external variables that impact on an enterprise’s continuity, which are themselves correlated. We applied a formula to determine which variable had a higher weight, considering values ranging from 0 to 1, and the asymmetry is to the right. The instrument was applied to 35,571 MSEs, 26,720 of which were open and 8,851 were closed. 33,576 are Mexican and 1,995 Colombian enterprises.

scholarly journals Estudio de la correlación de la variable imagen pública midiendo la percepción de ventaja competitiva en directores de micro y pequeñas empresas de Bácum y San Ignacio Río Muerto, Sonora

2021 ◽  
Vol 5 (3) ◽  
pp. 268-292
Author(s):  
Rocio Arvayo Castro ◽  
Mayra Gisela Islas Cruz ◽  
Guadalupe Barreras Ye ◽  
Alejandra Paola Bórquez López
Keyword(s):  
Competitive Advantage ◽  
Corporate Image ◽  
Southern Region ◽  
Small Enterprise ◽  
Small Enterprises ◽  
Systematic Analysis ◽  
Service Sectors ◽  
Micro And Small Enterprises

La intención del presente estudio es  analizar la medida en que las empresas de la región sur de Sonora, específicamente las micro y pequeñas empresas, consideran relevante los aspectos de imagen como parte de su ventaja competitiva para desatacar en el ámbito comercial y de servicios. Se emplea un instrumento tipo cuestionario compuesto por una sección sociodemográfica del director, otra sección de la empresa, una sección de análisis sistémico y dos secciones que abordan la mype 4.0 y una cédula de observación de la imagen pública de la empresa. (Peña, Posada & Aguilar, 2020). La cédula de observación consta de seis reactivos que abordan la imagen pública de la mype según la percibe el encuestador, son de tipo Likert con opciones de respuesta. La aportación principal de este documento al campo: proponer evidencia de la correlación de la variable imagen, con la percepción de ventaja competitiva de los dueños de las micro y pequeñas empresas. AbstractThe intention of this study is to analyze the extent that enterprises in the southern region of Sonora; specifically, micro and small enterprises which consider aspects of corporate image relevant, as part of their competitive advantage to stand out in commerce and service sectors. A questionnaire type instrument was used which consisted of a sociodemographic section of the director, another section focusing on the company, a section which consisted of a systematic analysis and two sections that addressed MSE 4.0 as well as a public corporate image observation card of the company (Peña, Posada & Aguilar, 2020). The latter mentioned consists of six Likert type questions that addressed an MSE’s public corporate image perceived by the interviewee with answer options. This document’s main contribution to this field is to set forth evidence of the correlation between the corporate image variable and the perception of competitive advantage micro and small enterprise owners have.

scholarly journals FINANCIAL MANAGEMENT AND ACCOUNTING PRACTICES OF MICRO AND SMALL ENTERPRISES (MSEs) IN MANIPUR

2021 ◽  
pp. 10-18
Author(s):  
Jangkholam ◽  
A. Rajmani Singh
Keyword(s):  
State Government ◽  
Financial Management ◽  
Management Practices ◽  
Annual Report ◽  
Secondary Data ◽  
The State ◽  
Primary Data ◽  
Small Enterprises ◽  
Efficient Management ◽  
Micro And Small Enterprises

Micro and Small Enterprises are a very important sector that continues to contribute enormously for the economic development of the country and to the state of Manipur in particular. The success and failure of these enterprises depends a lot on the efficient management of its financial resources. This paper therefore attempts to study the accounting and financial management practices followed by the Micro and Small Enterprises (MSEs) in Manipur and to make an awareness about the importance of accounting and financial management practices in their business conduct. For the purpose of the study both primary and secondary data are used. Secondary data were collected from the related available literature like books, articles, magazines, MSME annual report, directory of MSME Manipur, etc. Primary data is obtained by distributing questionnaire to 100 respondents who are owner/manager of the MSEs. The collected data were analysed using various statistical tools to get meaningful conclusion. The results of the study revealed that majority of the MSEs do not maintain proper accounting records of their business which made it difficult for the owner-manager to measure the performance of their business. The main reason for the failure of the enterprises to keep proper accounting records is their lack of knowledge in accounting. The financial management practices followed by the MSEs in Manipur are only fire-fighting in nature and no standard rules or procedures are followed for managing their finance. Finally, the study suggested that both the Central and the State Government should make strict rules and regulations to adopt accounting and financial management practices to each and every MSEs operating in the state. KEYWORDS: Accounting practices, Accounting records, Financial management, Micro and Small Enterprises (MSEs), Manipur

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