Assessing Performance of Micro and Small Enterprises in Oromia Regional State
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Date
2017-06
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Addis Ababa University
Abstract
This research aimed at assessing the performance of MSEs met merits special consideration of development of small scale Enterprises. It tried to answer three important questions: What are the major internal and external challenges, opportunities and prospects in development of Small Scale to medium scale enterprise? What are the key strategies used to develop MSEs and to solve the challenges faced by the SMEs transitional development of Small Scale to medium scale enterprise? Do all MSEs actors in government sectors play their role according to the MSEs strategy? With the above objectives in mind, data were gathered through Questionnaire, Review of both published and unpublished materials. The information gleaned through questionnaire from a sample of 352 operators in Oromia region of the selected zones and woredas. Eventually, using a mix of qualitative and quantitative tools, the study found out major challenges, which seem to affect development of small scale Enterprises in Oromia regional state that include: implementation problems related to government bodies at each level, inadequate finance. For the above challenges, better the Oromia regional government bodies provide affordable alternative sources of finance and strengthen it’s institutions at different levels, to play a major role in positively influencing the development of MSEs. Hence, there is a need for strengthening the MSEs growth, based on findings, recommendations to government bodies, to operators of MSEs and suggestions for other researchers are forwarded.
KEY WORDS: MSEs, Entrepreneurs, Performance, challenges, Prospects
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Keywords
MSEs, Entrepreneurs, Performance, challenges, Prospects