ABSTRACT
Micro and Small businesses are key players in Kenya’s economy. While small businesses have been susceptible to high failure rates, there exists resurgence in the survivability of small businesses. One of the reasons for this paradigm shift can be attributed to the advent of business incubators. In Kenya business incubation is gaining prominence in Government policy, private sector and the academia. This study sought to shed light about the effects of managerial skills offered by incubators on the growth of MSES in Kenya. The research design was descriptive resulting in both qualitative and quantitative data. A sample of 128 incubatee businesses from the target population of 189 governments, private and institutional incubator businesses in Nairobi County was selected using systematic random sampling. Data was tabulated and analyzed using descriptive statistics and multiple regression analysis to show the relationship between the independent variables as well as their effects on the dependent variable. Statistical package for social science (SPSS) version 20 was used in data analysis. The study Recommendations is that many SMEs owners or managers should be given managerial training and experience as the typical owner or managers of small businesses develop their own approach to management, through a process of trial and error. As a result, their management style is likely to be more intuitive than analytical, more concerned with day-to-day operations than long-term issues, and more opportunistic than strategic in its concept. An opportunity to overcome managerial deficiencies is the option of participating in business incubator programs. The study findings show that managerial skills contribute moderately to the growth of MSEs in Kenya.
บทคัดย่อMicro and Small businesses are key players in Kenya’s economy. While small businesses have been susceptible to high failure rates, there exists resurgence in the survivability of small businesses. One of the reasons for this paradigm shift can be attributed to the advent of business incubators. In Kenya business incubation is gaining prominence in Government policy, private sector and the academia. This study sought to shed light about the effects of managerial skills offered by incubators on the growth of MSES in Kenya. The research design was descriptive resulting in both qualitative and quantitative data. A sample of 128 incubatee businesses from the target population of 189 governments, private and institutional incubator businesses in Nairobi County was selected using systematic random sampling. Data was tabulated and analyzed using descriptive statistics and multiple regression analysis to show the relationship between the independent variables as well as their effects on the dependent variable. Statistical package for social science (SPSS) version 20 was used in data analysis. The study Recommendations is that many SMEs owners or managers should be given managerial training and experience as the typical owner or managers of small businesses develop their own approach to management, through a process of trial and error. As a result, their management style is likely to be more intuitive than analytical, more concerned with day-to-day operations than long-term issues, and more opportunistic than strategic in its concept. An opportunity to overcome managerial deficiencies is the option of participating in business incubator programs. The study findings show that managerial skills contribute moderately to the growth of MSEs in Kenya.
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