The problem statement of the research topic, the effects of small business perfomance in Morogoro region with refferences and citations
Problem Statement:
The performance of small businesses plays a crucial role in the economic growth and development of a region. In Morogoro region, Tanzania, small businesses are vital for employment generation, poverty alleviation, and improvement in the well-being of the local communities. However, various factors influence the performance of small businesses in this region, resulting in a disparity in their success rates. This research aims to investigate the determining factors influencing the performance of small businesses in Morogoro region to identify the challenges they face and provide recommendations to stakeholders for improving the situation.
The following are some references and citations related to the research topic:
1. Karanja, E., & Muturi, W. (2016). Factors Affecting the Performance of Small and Medium Enterprises in the Jua Kali Sector in Nakuru Town, Kenya. Asian Journal of Business and Management Sciences, 1(2).
This study explores the factors affecting the performance of SMEs in the Jua Kali sector in Kenya. It found that access to finance, inadequate management skills, technology adoption, and poor infrastructure significantly affect the performance of small businesses.
2. Isaga, N. (2012). The impact of access to finance on the performance of small and medium enterprises in Tanzania. Investment Climate and Business Environment Research Fund (ICBE).
This study examined the impact of access to finance on the performance of small and medium enterprises in Tanzania. The findings revealed that limited access to finance led to insufficient capital, limiting the growth and performance of these businesses.
3. Olomi, D., & Urassa, G. (2008). The performance of small and medium enterprises in Tanzania: A review. Tanzania Journal of Development Studies, 8(1), 76-94.
This article reviews the performance of SMEs in Tanzania and identifies the critical determinants of their performance, which include managerial skills, access to finance, and regulatory frameworks.
4. Ndunguru, J. (2016). External Factors affecting the Growth of Micro and Small Enterprises in Tanzania: A Case of Dares Salaam Region. International Journal of Arts and Commerce, 5(8).
This study investigated the external factors that impact the growth of micro and small enterprises in Tanzania. It highlighted the critical role of financial institutions, government policies, and infrastructure in shaping the performance of small businesses.
5. Kundos, S. S., & Kessy, S. A. (2016). Strategies used by Small and Medium Enterprises in Tanzania for coping with business environment changes. Journal of Business and Economic Perspectives, 43(1).
This article analyzed the strategies employed by SMEs in Tanzania to cope with changes in the business environment. Findings indicate that these strategies include diversification, innovation, and networking, which significantly impact their performance.
In conclusion, the performance of small businesses in Morogoro region is essential for the overall development and prosperity of the area. However, various factors hinder their success. Identifying these factors and providing solutions would be vital for improving their performance and enhancing the economic growth of the region.