Influence Of Risk Management Practices On The Performance Of Small Micro Enterprises In Eldoret Town Kenya
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| Author | : Judith Jebichii Tuwei |
| Publisher | : GRIN Verlag |
| Total Pages | : 19 |
| Release | : 2018-09-03 |
| Genre | : Business & Economics |
| ISBN | : 3668789339 |
Research Paper (postgraduate) from the year 2018 in the subject Business economics - Miscellaneous, , language: English, abstract: Risk management focuses on adopting a systematic and consistent approach to manage all of the risks confronting organization. Risks distinctiveness applicable to SMEs in Kenya include: uncertain risk, a chance of loss, normally accidental, sudden and unforeseen. This uniqueness makes entrepreneurs to seriously think about risk, its impact on their businesses and how risk can be managed. It is therefore important to investigate the influence of risk management practices on performance of small micro enterprises. Five specific research objectives guided the study i.e. to identified the Components of risk in small and medium enterprises (SMEs, to examine the various kind of risk connected with SMEs, to identified risk management methods and techniques used to determine and monitor risks within SMEs, to determine the effect of risk management practices on SMEs performance and to identify impediment associated with risk management of SMEs in Eldoret. The descriptive research was employed in the study. The target population comprises of SME operators mainly drawn manufacturing, services and processing within Eldoret CBD. The sample for the study was selected using stratified random and simple random sampling methods. The research instruments were questionnaire, observation and interview. The data was analyzed using descriptive statistics (frequency tables), while correlation and regression analysis were used to test the hypotheses. The finding of the showed that very few SME owners, managers, entrepreneurs or key designated employees make use of risk management tools and techniques within their businesses, to achieve growth and sustainability. However, the majority agreed to the high importance of risk management in the success of a business enterprise. The findings of the study furthered revealed that leverage on financial structure, issue of collateral security, incapacity to go for technological advancement; tough competition and inadequate margin are among the risk associated with SMEs. The findings of the study furthered suggest that the risk management practice has a lot of effect on SMES performance. This study is significant since it is hoped the findings and recommendations of the study will assist the policy makers in the Ministry of Trade and Industry in making appropriate decisions.
| Author | : Chris Guilding |
| Publisher | : Routledge |
| Total Pages | : 252 |
| Release | : 2007-08-22 |
| Genre | : Business & Economics |
| ISBN | : 1136403183 |
Financial Management for Hospitality Decision Makers is written specifically for those 'decision makers' in the industry who need to be able to decipher accountant 'speak' and reports in order to use this information to its best advantage and achieve maximum profits. The area of accounting and finance is a vital but often inaccessible part of the hospitality business. However, having the knowledge and the ability to use it properly makes all the difference to the turnover and success of a business. Financial Management for Hospitality Decision Makers is written specifically for those industry executives who need to be able to decipher, appreciate and utilise valuable financial management tools and techniques in order to realise maximum profits. Highly practical in its scope and approach, this book: · Outlines the procedure and purpose behind various financial activities - including budgeting, year-end financial statement analysis, double-entry accounting, managing and analysing costs, working capital management, and investment decision making · Demonstrates how an appropriate analysis of financial reports can drive your business strategy forward from a well-informed base · Clearly highlights the key financial issues you need to consider in a host of decision making situations · Includes a range of problems to help readers appraise their understanding of concepts - with solutions provided for lecturers at http://textbooks.elsevier.com. At all times, the book rigorously applies itself to the specific needs of the hospitality decision-maker, contextualising and explaining financial decision making and control in this light. Combining a user-friendly structure with frequent international cases, worked examples and sample reports to illuminate the theory, Financial Management for Hospitality Decision Makers is ideal for all students of hospitality, as well as being a vital source of information for practitioners already in the industry.
| Author | : John Watson |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 167 |
| Release | : 2010-01-01 |
| Genre | : Business & Economics |
| ISBN | : 1849805644 |
Watson addresses some of the most pervasive myths related to small business performance in an engaging manner, capturing the nuances of these important issues. His review of the definitions of business failure and study of the differences those definitions make for research outcomes is particularly striking and useful for policy makers, researchers, and educators. This book helps us think more deeply about the variety of motivations, approaches, and outcomes that make up the world of small business. Patricia Greene, Babson College, US John Watson is my type of researcher. His scholarly career has been devoted to finding out what actually happens to small businesses, based on looking in detail at their performance and the factors influencing their performance. This frequently means that sacred cows have been sent to abattoir. The most notable of these is that most small business closures are failures . They are not, and Watson makes this point with clarity. This book further develops this insight. It then moves on to derive a better understanding of important policy issues such as the extent and relevance of financial constraints in small firms, and the role that governments might play in relaxing such constraints. Policy makers take note. David Storey, University of Sussex, UK The performance of Small and Medium-sized Enterprises (SMEs) has been a subject of continual interest to both researchers and practitioners. This enlightening book investigates the pitfalls which have affected the assessment of SME performance in much of the past research. In this book, John Watson dispels a number of myths that have become part of the SME landscape including that SMEs suffer from excessively high failure rates; that female-owned SMEs under-perform male-owned SMEs; and that SME growth (particularly for female-controlled SMEs) is severely limited by a lack of external funding. Making extensive use of both cross-sectional and longitudinal data, this book will appeal to research students interested in entrepreneurship and SMEs, teachers of entrepreneurship courses and policymakers. Advisors to the SME sector will also find that the material presented provides them with a good background understanding of performance in this sector.
| Author | : Hulme David |
| Publisher | : Routledge |
| Total Pages | : 244 |
| Release | : 2005-08-12 |
| Genre | : Business & Economics |
| ISBN | : 1134803842 |
In two volumes these books review and expand the theory that poverty in the world's poorest regions could be alleviated by providing small loans to micro-entrepreneurs. Volume 1 provides detailed analysis of this theory and offers policy recommendations for practitioners in this field. Volume 2 presents empirical evidence drawn from comparative experiences in seven developing countries. The work assesses the success of this policy and provides some startling conclusions. This is essential reading for all those interested in development, poverty-reduction, social welfare and finance.
| Author | : Andrew C. Corbett |
| Publisher | : Emerald Group Publishing |
| Total Pages | : 284 |
| Release | : 2021-01-12 |
| Genre | : Business & Economics |
| ISBN | : 1838675736 |
In a world defined by increasing uncertainty and complexity, understanding the concept of Entrepreneurial Orientation (EO) is of critical importance. This volume convenes some of the world’s leading experts on EO to provide readers with an overview of the current state of EO research and set a compelling agenda for its future.
| Author | : Alex Coad |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 209 |
| Release | : 2009-01-01 |
| Genre | : Business & Economics |
| ISBN | : 1848449100 |
Research into firm growth has been accumulating at a terrific pace, and Alex Coad s survey of this multifaceted field provides a detailed, comprehensive overview of the latest developments. Much progress has been made in empirical research into firm growth in recent decades due to factors such as the availability of detailed longitudinal datasets, more powerful computers and new econometric techniques. This book provides an up-to-date catalogue of empirical work, as well as a coherent theoretical structure within which these new results can be interpreted and understood. It brings together a large body of recent research on firm growth from a multidisciplinary perspective, providing an up-to-date synthesis of stylized facts and empirical regularities. Numerous empirical findings and theories of firm growth are also surveyed and compared in order to evaluate their validity. Drawing on a vast and diverse body of research, this book will prove invaluable to students, academics, policy makers and practitioners with a need to keep abreast of studies in industrial organization, firm growth and management.
| Author | : Adrian Tamayo |
| Publisher | : |
| Total Pages | : 46 |
| Release | : 2018-05-22 |
| Genre | : |
| ISBN | : 9783668717466 |
Seminar paper from the year 2018 in the subject Business economics - Business Management, Corporate Governance, University of Mindanao (Research Center), language: English, abstract: This study was conducted to identify the risk constructs and to determine the level of extracted risks in operating a micro enterprise in Davao City. A modified survey questionnaire was distributed to 104 respondents. The respondents of the study were the micro entrepreneurs who are in the business for the last three years operating within the area of Davao City. The study used quantitative exploratory research using exploratory factor analysis and Kaiser-meyer-olkin to determine the factors and the level of per extracted risks that were critical to the micro entrepreneurs in operating a micro enterprise. The results revealed that among the four risk factors perceived by micro entrepreneurs, only financial risk was considered the factor that greatly affect the operation of a micro enterprise. Furthermore, the study revealed that variables such as income, business type and type of business ownership were considered sensitive in operating a micro enterprise. The study is beneficial to the micro enterprise owners since it would give them a better understanding as to which factors are more significant to them. This would also enable them to prepare and protect their businesses from risks in order to survive the industry.
| Author | : Inessa Love |
| Publisher | : World Bank Publications |
| Total Pages | : 34 |
| Release | : 2005 |
| Genre | : Bank loans |
| ISBN | : |
"The authors study the effect of financial crises on trade credit in a sample of 890 firms in six emerging economies. They find that although provision of trade credit increases right after the crisis, it consequently collapses in the following months and years. The authors observe that firms with weaker financial position (for example, high pre-crisis level of short-term debt and low cash stocks and cash flows) are more likely to reduce trade credit provided to their customers. This suggests that the decline in aggregate credit provision is driven by the reduction in the supply of trade credit, which follows the bank credit crunch. The results are consistent with the "redistribution view" of trade credit provision, in which bank credit is redistributed by way of trade credit by the firms with stronger financial position to the firms with weaker financial stand "--World Bank web site.
| Author | : Nteranya Sanginga |
| Publisher | : CIAT |
| Total Pages | : 270 |
| Release | : 2009 |
| Genre | : Soil fertility |
| ISBN | : 9290592613 |
Forward. A call for integrated soil fertility management in Africa. Introduction. ISFM and the African farmer. Part I. The principles of ISFM: ISFM as a strategic goal, Fertilizer management within ISFM, Agro-minerals in ISFM, Organic resource management, ISFM, soil biota and soil health. Part II. ISFM practices: ISFM products and fields practices, ISFM practice in drylands, ISFM practice in savannas and woodlands, ISFM practice in the humid forest zone, Conservation Agriculture. Part III. The process of implementing ISFM: soil fertility diagnosis, soil fertility management advice, Dissemination of ISFM technologies, Designing an ISFM adoption project, ISFM at farm and landscape scales. Part IV. The social dimensions of ISFM: The role of ISFM in gender empowerment, ISFM and household nutrition, Capacity building in ISFM, ISFM in the policy arena, Marketing support for ISFM, Advancing ISFM in Africa. Appendices: Mineral nutrient contents of some common organic resources.
| Author | : Carl E. Liedholm |
| Publisher | : Routledge |
| Total Pages | : 146 |
| Release | : 2013-05-13 |
| Genre | : Business & Economics |
| ISBN | : 1135118159 |
Micro and small enterprises (MSEs) have been recognized as a major contemporary source of employment and income in a growing number of developing countries. Yet, relatively little is known about the characteristics and patterns of change in these enterprises. This volume examines the dynamics of MSEs in the development process. Drawing on a unique set of surveys conducted in twelve countries in Africa and Latin America the authors map the patterns of change in MSEs in the developing world. Subjects covered include: * significance of new start and closure rates of MSEs * factors involved in expansion rates and growth patterns of MSEs * the role of gender in MSEs evolution.
