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ENTREPRENEURIAL CHARACTERISTICS AND GROWTH OF SMALL AND MEDIUM ENTERPRISES (SMES) IN KAJIADO COUNTY, KENYA

 

Felix Kipkosgei Saina

Jomo Kenyatta University of Agriculture and Technology, Kenya

 

Dr. John Karanja Ngugi

Kenyatta University, Kenya

 

CITATION: Saina, F.K., & Karanja, J.N. (2018). Entrepreneurial Characteristics and Growth of SMEs in Kajiado County, Kenya. International Journal of Arts and Entrepreneurship. Vol. 7 (7) pp 26 – 42.

ABSTRACT

 

In Kenya SMEs contribute about 70% to GDP. They are a key pillar to the country’s economic undertakings due to their central role. Notwithstanding the role the SMEs play in the economic development, Kajiado County has continually faced a challenge in the growth of its small and medium enterprises. The main objective of this study was be to examine entrepreneurial characteristics and growth of SMEs in Kajiado County, Kenya. The target population comprised 1203 SMEs in Kajiado County stratified into manufacturing, trade and services sectors where proportionate samples of 10% were used to give sample size of 92 SMEs. A regression model was applied to determine the relationship between each of the four variables with respect to growth of SMEs. Data was collected using a semi structured questionnaire which was pilot tested for reliability and validity. Correlation analysis was used to test the direction of relationship between the independent variables and dependent variable. Qualitative data was analyzed using content analysis. Descriptive statistics were analyzed using measures of central tendencies and t-tests. Inferential statistical analysis was done using simple linear regression and multiple regressions using SPSS Version 22 software. The study had a 91% response rate. The four independent variables that were studied explained 94.6% of the growth of SMEs in Kajiado County, Kenya as represented by the R2. The data findings showed that demographic characteristics had a positive influence on growth of SMEs with a Beta coefficient of 0.248 where a unit improvement in demographic characteristics lead to a 0.877 increase in growth of SMEs. Entrepreneurial competencies had a positive influence on growth of SMEs with a Beta coefficient of 0.467 where a unit increase in entrepreneurial competencies lead to a 0.588 increase in growth of SMEs. Entrepreneurial experience had a positive influence on growth of SMEs with a Beta coefficient of .082 where a unit increase in entrepreneurial experience lead to a 0.705 increase in growth of SMEs. Entrepreneur personal traits had a significant influence on growth of SMEs with a Beta coefficient of 0.216 where a unit increase in entrepreneur personal traits lead to a 0.299 increase in growth of SMEs. On demographic characteristics, the study concluded that demographic characteristics is significant and has a positive relationship with growth of SMEs where education, age, family background and entrepreneurial knowledge were found to be major demographic characteristics and they influenced growth of SMEs. The study concluded that entrepreneurial competencies was positively correlated with growth of SMEs where perseverance, locus of control, self-efficacy and goal setting were found to be critical entrepreneurial competencies and they influenced growth of SMEs. The study also concluded that entrepreneur personal traits was significant and had a positive relationship with growth of SMEs.

 

 

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