INFLUENCE OF ENTREPRENEURIAL DRIVE ON GROWTH OF SELECTED MICRO AND SMALL ENTERPRISES IN NAIROBI COUNTY, KENYA
Abstract
The general objective of the study was to examine the influence of entrepreneurial drive on the growth of selected micro and small enterprises in Nairobi, Kenya. The specific objectives of the study were to: Establish how pro-activeness and innovativeness influence growth of selected micro and small enterprises in Nairobi, Kenya. The study was limited to the 30,000 registered as MSEs in Nairobi County which were expected to give insights on the various growth related problems faced by the enterprises in the region. A sample of 102 respondents was used for the study. The study adopted a descriptive research design to collect primary data. The study involved the use of questionnaire method to collect data. With the help of the statistical package for social sciences (SPSS) regression analysis was done and the results were used at .05 level of significance. It was notable that there existed strong positive relationship between the independent variables and dependent variable. The entrepreneurial drive variables were very significant and they therefore needed to be considered in any effort to boost growth of MSEs. According to the study findings, the study concluded that growth of MSEs in Nairobi, Kenya was affected by pro-activeness and innovativeness as the major factors that mostly affect growth of MSEs in Nairobi, Kenya. Therefore other factors affecting growth of MSEs need to be established. Challenges like the existing legal and policy framework, entrepreneurial and management courses available to the entrepreneurs and their affordability, accessibility and affordability of financial credits in the market and accessibility to market information among others need further investigation. The study confined itself to the MSEs in Nairobi, Kenya. A comparative study should be carried out to compare whether the findings also apply for MSEs in other areas in order to validate whether the findings can be generalized to MSEs in Kenya.
Keywords: Pro-activeness, Innovations, Micro Enterprises, Organization Growth
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DOI: http://dx.doi.org/10.61426/sjbcm.v4i4.584
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