Browsing by Author "Owino, Phynlee Otieno"

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    Entrepreneurial Competencies and Growth of Micro and Small Enterprises in Nairobi City County, Kenya
    (Kenyatta University, 2023-10) Owino, Phynlee Otieno
    Rapid technological advances have resulted in a complex and competitive environment in which micro and small businesses (MSEs) must constantly adapt and grow. To ensure their survival and growth, MSE managers must deal with environmental pressures that necessitate a high level of entrepreneurial competence in a variety of areas. The research sought to investigate the influence of Entrepreneurial competencies on growth of micro and small enterprises in Nairobi City County, Kenya. The specific objectives are to examine the effect of Risk-Taking, Leadership, Innovation and Networking on growth of micro and Small Enterprises. The study employed four theories: Profit maximization theory, Schumpeter Innovation theory of profit, and Social networking theory. The study employed a descriptive research design and relied on primary data collected through the use of questionnaires that were closed-ended. The target population was 1552 micro and small enterprises in Nairobi City County. The study sample consisted of 318 Owner manages of MSEs which was arrived at through stratified sampling. The opinion of experts was used to ensure the validity of the questionnaire while reliability was conducted by use of Cronbach Alpha coefficients at 07 threshold. Descriptive statistics were analyzed using frequencies, percentages, means, and standard deviations. To confirm the existence of a relationship between the research variables, inferential statistics were analyzed using bivariate correlation analysis and multiple linear regression analysis. The results showed that entrepreneurial competencies of (risk-taking, leadership, innovation and networking) have a significant and positive influence on the growth of MSEs in Nairobi City County thus improving their probabilities of growth. The research recommends the MSEs should strategically revamp the four entrepreneurial competencies of risk-taking, leadership, innovation and networking to further enhance business growth and gain a competitive edge.
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    Risk-taking, Leadership, Innovation and Networking as Entrepreneurial Competencies of Growth of Micro and Small Enterprises in Nairobi City County in Kenya
    (IOSR, 2023-11) Owino, Phynlee Otieno; Namusonge, Mary
    Micro and small enterprises play a crucial role in the economies of various nations around the world. However, they are constantly threatened by failure and the vast majority do not grow into large corporations. As a result, entrepreneurs are constantly challenged to use assets of skills to succeed in their entrepreneurs' ventures. The research sought to examine the effect of Risk-Taking, Leadership, Innovation and Networking on the growth of micro and Small Enterprises in Nairobi City County. Profit maximization theory, Schumpeter Innovation theory of profit, and Social networking theory served as the foundation for the study. The study employed a descriptive research design on a population of 1552 micro and small enterprises in Nairobi City County, with 318 respondents serving as the sample. Closed-ended, standardized questionnaires were used to collect the data, and descriptive and inferential statistics were used to analyze the data collected. The results showed that entrepreneurial competencies (risk-taking, leadership, innovation and networking) of the MSEs/managers (entrepreneurs) have a significant and positive influence on the growth of MSEs in Nairobi City County, thus improving their probabilities of growth. The research thus recommends the MSEs, through their strategic management, to embrace the four entrepreneurial competencies (risk-taking, leadership, innovation and networking) to enhance their growth and gain a competitive edge.