The Factors That Have Hindered the Rapid Growth and Development of Small Scale Enterprises. A Case Study of Namaingo Town Council in Namaingo District
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Date
2018-07
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Publisher
Kampala International University, school of Arts with education
Abstract
This study assessed the factors that have hindered the rapid growth and development of small
scale enterprises in Namaingo town council, to identify the causes of slow growth and
development of small scale enterprise and to examine possible solutions to the slow growth and
development of small scale enterprise ofNamaingo town council in Namaingo district.
The study took across sectional design where both qualitative and quantitative approaches were
used in the study. The study used the qualitative data basing on facts that provided wide range of
valid responses, no limits were put to respondents, many respondents participated at the same
time and also enabled the researcher to understand first, and analyze and reveal data in a more
meaningful way however, quantitative data was used to provide numerical analysis in terms of
frequencies and percentage composition as way of measuring incidental effects or influences
between different variables. A sample size of 50 respondents was used who were expected to
provide reliable findings to the study questions administered to them. The study examined the
cause of slow growth and development of small scale enterprise in Namaingo town council in
Namaingo district and findings revealed that inadequate industrial education raining by the
business owners to their employees, poor management and accounting practices. Higher
transaction costs, lack of market opportunity, stiff competition among SMEs owners, lack of
enabling environment like competition, inadequate management, like business knowledge, poor
management, low level of technology, unfavorable government policies in form of heavy taxes,
inadequate land for expansion, lack of improved infrastructure in form of roads and lack of
market opportunity was also revealed among the contributing factors to the slow growth and
development of SMEs. The study went ahead to assess the possible solutions that can aid in
reducing slow growth and development of SMEs in Namaingo town council in Namaingo
district. The findings and revealed the necessity of equitable allocation of raw-materials,
improvement in techniques of production, Adequate funding through bank loans and subsidies.
Government to emphasis export strategy to widen the market, improving the methods and
techniques of production to rep-lace automated equipment, improving on government policies
like imposing appropriate taxes giving subsidies and ensuring customer retention through
building customer loyalty
Description
A Research Report to Be Submitted to the College of Education, Open and Distance Learning in Partial Fulfillment of the Requirement for the Award of a Bachelor’s Degree in Education with Arts at Kampala International University
Keywords
Factors That Have Hindered the Rapid Growth and Development of Small Scale Enterprises, Namaingo District