Influence of Human Capital Ecosystem on Growth of Leather Manufacturing Small and Medium Enterprises in Kenya
DOI:
https://doi.org/10.47604/ijepm.2365Keywords:
Human Capital Ecosystem, Entrepreneurial GrowthAbstract
Purpose: The purpose of this study is to investigate the influence of the human capital ecosystem on the growth of leather manufacturing small and medium enterprises in Kenya.
Methodology: The study used a mixed research design that is both qualitative and quantitative. Data was collected using questionnaires and secondary data collection sheet. The collected data was analysed by use of SPSS software program version 23. The quantitative data in this research was analysed by descriptive statistics using the mean and standard deviation. A regression model was adopted to test the relationship between the variables.
Findings: The findings show there is a strong relationship between Human capital ecosystem and growth of SMEs in leather manufacturing in Kenya.
Unique Contribution to Theory, Practice and Policy: SMEs should invest in capacity building of their staff through short and long-term programmes so as to make them experts and competent in their various fields of specialization.
Downloads
References
Abbas, J., Raza, S., Nurunnabi, M., Minai, M. S., & Bano, S. (2019). The Impact of Entrepreneurial Business Networks on Firms' Performance Through a Mediating Role of Dynamic Capabilities. Sustainability, 11(11), 3006. https://doi.org/10.3390/su11113006
Agustina, T. S., & Fauzia, D. S. (2021). The Need For Achievement, Risk-Taking Propensity, And Entrepreneurial Intention Of The Generation Z. Risenologi, 6(1), 96-106. https://doi.org/10.47028/j.risenologi.2021.61.161
Agwu, M. E., & Onwuegbuzie, H. N. (2018). Effects of international marketing environments on entrepreneurship development. Journal of Innovation and Entrepreneurship, 7(1). https://doi.org/10.1186/s13731-018-0093-4
Agyapong, G. T., Mmieh, F., & Mordi, C. (2018). Factors influencing the growth of SMEs : the case of Ghana. Thunderbird International Business Review, 60(4). https://www.econbiz.de/Record/factors-influencing-the-growth-of-smes-the-case-of-ghana-agyapong-guy-thompson/10011952306
Antonites, A., & Van Vuuren, J. (2014). Inducing entrepreneurial creativity, innovation and opportunity-finding skills. South African Journal of Economic and Management Sciences, 8(3), 255-271. https://doi.org/10.4102/sajems.v8i3.1197
Atiase, V. Y., Mahmood, S., Wang, Y., & Botchie, D. (2018). Developing entrepreneurship in Africa: investigating critical resource challenges. Journal of Small Business and Enterprise Development, 25(4), 644-666. https://doi.org/10.1108/jsbed-03-2017-0084
Atsan, N. (2016). Failure Experiences of Entrepreneurs: Causes and Learning Outcomes. Procedia - Social and Behavioral Sciences, 235, 435-442. https://doi.org/10.1016/j.sbspro.2016.11.054
Banham, H. C. (2018). External Environmental Analysis For Small And Medium Enterprises (SMEs). Journal of Business & Economics Research (JBER), 8(10). https://doi.org/10.19030/jber.v8i10.770
Barosz, P., Gołda, G., & Kampa, A. (2020). Efficiency Analysis of Manufacturing Line with Industrial Robots and Human Operators. Applied Sciences, 10(8), 2862. https://doi.org/10.3390/app10082862
Beckert, J. (2010). How Do Fields Change? The Interrelations of Institutions, Networks, and Cognition in the Dynamics of Markets. Journal of organizational Studies, 3(5), 605-627.
BelaÌs, J., BartosÌŒ, P., HabaÌnik, J., & NovaÌk, P. (September 20, 2014). Significant Attributes of the Business Environment in Small and Meduim-Sized Enterprises. Economics & Sociology, 7, 3, 22-39.
Bosma, N., Content, J., Sanders, M., & Stam, E. (2018). Institutions, entrepreneurship, and economic growth in Europe. Small Business Economics, 51(2), 483-499. https://www.jstor.org/stable/45107029
Bosma, N., Praag, M., & de Wit, G. (2000). Determinants of Successful Entrepreneurship. RePEc - Econpapers. https://econpapers.repec.org/paper/fthmiklrr/0002_2fe.htm
Brenda, G.H., & Heiko, H. (2011). Global market conditions and systemic risk. Journal of Emerging Market Finance, 10(2), 227-252.
Brodack, F., & Sinell, A. (2017). Promoting entrepreneurial commitment: The benefits of interdisciplinarity. Technology Innovation Management Review, 7(12), 6-13.
Brooks, C., Vorley, T. and Gherhes, C. (2019), "Entrepreneurial ecosystems in Poland: panacea, paper tiger or Pandora's Box?" Journal of Entrepreneurship and Public Policy, 8(3), 319-338. https://doi.org/10.1108/JEPP-04-2019-0036
Chakraborty, S., Thompson, J. C., & Yehoue, E. B. (2016). The culture of entrepreneurship. Journal of Economic Theory, 163(C), 288-317. https://econpapers.repec.org/article/eeejetheo/v_3a163_3ay_3a2016_3ai_3ac_3ap_3a288-317.htm
Chell E and Baines S (2000) Networking, entrepreneurship and micro business behaviour. Entrepreneurship and Regional Development 12: 195-215.
Chen, X., Zou, H., & Wang, D. (2009). How do New Ventures Grow? Firm Capabilities, Growth Strategies and Performance. International Journal of Research in Marketing, 26, (4), 294-303.
Cicchiello, A.F. (2019). Building an entrepreneurial ecosystem based on crowdfunding in Europe: the role of public policy. Journal of Entrepreneurship and Public Policy, 8(3), 297-318. https://doi.org/10.1108/JEPP-05-2019-0037
Cooper, D. and Schindler, P. (2011) Business Research Methods. 11th Edition, McGraw Hill, Boston. - References - Scientific Research Publishing. (n.d.). Www.scirp.org. https://www.scirp.org/(S(351jmbntvnsjt1aadkposzje))/reference/ReferencesPapers.aspx?ReferenceID=1288904Cristovao, M. (2015). Antecedents of career commitment in entrepreneurs. Honors projects review, 106, Rhode Island College.
Danish, R. Q., Asghar, J., Ahmad, Z., & Ali, H. F. (2019). Factors affecting "entrepreneurial culture": the mediating role of creativity. Journal of Innovation and Entrepreneurship, 8(1). https://doi.org/10.1186/s13731-019-0108-9Delmar, F. (1997). Measuring Growth: Methodological Considerations and Empirical Results. Entrepreneurship and SME Research: On its Way to the Next Millennium, 199-216.
Deliotte. (2019). International Tax Korea Highlight 2019. Retrieved from https://www2.deloitte.com/content/dam/Deloitte/global/Documents/Tax/dttl-taxkoreahighlights-2019.pdf
Desai, S. (2016). Measuring entrepreneurship: Type, motivation, and growth. IZA World of Labor, 327-327. https://ideas.repec.org/a/iza/izawol/journly2016n327.htmlDoepke,
Dirksen, D. (2019). The power of entrepreneurship. New York: Nova Science Publishers.
E.R. Hansen, Y. Moon, M.P. Mogollon, Kenya - Leather Industry: Diagnosis, Strategy, and Action Plan, World Bank Group, Washington, D.C, 2015 http://documents.worldbank.org/curated/en/397331468001167011/Kenya-Leather-industry- diagnosis-strategy-and- action- plan.
Elia, G., Margherita, A., & Passiante, G. (2020). Digital entrepreneurship ecosystem: How digital technologies and collective intelligence are reshaping the entrepreneurial process. Technological Forecasting and Social Change, 150, 119791. https://doi.org/10.1016/j.techfore.2019.119791Gitonga, A. (2008). Factors Affecting Growth of Micro and Small Enterprises in Kenya. KIPPRA Discussion Paper No. 88, 23-45.
Entrepreneurial Ecosystems | Wiley. (n.d.). Wiley.com. Retrieved March 13, 2023, from https://www.wiley.com/en-ie/Entrepreneurial+Ecosystems-p-9781848218758
Eze, S. (2015, March 28). FIRM RESOURCES AS DETERMINANTS OF INTERNATIONALIZATION OF MEDIUM SIZED FIRMS; EVIDENCE FRAOM KENYA.Https://Www.eajournals.org/. https://www.eajournals.org/journals/international-journal-of-small-business-and-entrepreneurship-research-ijsber/vol-3issue-2march-2015/firm-resources-as-determinants-of-interna
Freytag, A., & Thurik, R. (2010). Entrepreneurship and culture. Heidelberg: Springer Publishing.
Fritsch, M. (2011). The effect of new business formation on regional development: Interpretation, and avenues for further research. Jena, Germany: Friedrich Schiller University
Global Market Conditions and Systemic Risk. (n.d.). IMF. Retrieved March 13, 2023, from https://www.imf.org/en/Publications/WP/Issues/2016/12/31/Global-Market-Conditions-and-Systemic-Risk-23358
Guiso, L., Sapienza, P., & Zingales, L. (2006). Does Culture Affect Economic Outcomes? Journal of Economic Perspectives, 20(2), 23-48. https://doi.org/10.1257/jep.20.2.23
Hafizah Mat Nawi. (2018). Measuring Capital Structure Determinants of Small and Medium Enterprises (SMEs): An Assessment of Construct Reliability and Validity of a Proposed Questionnaire. Canadian Social Science, 14(2), 44-58. https://doi.org/10.3968/10138
Han, J.-w. (2019). Promotion of Technology-based Start-ups: TIPS Policy of Korea. Asian Journal of Innovation and Policy, 8(3). Retrieved from https://web.a.ebscohost.com/abstract?direct=true&profile=ehost&scope=site&a uthtype=crawler&jrnl=22871608&AN=140969240&h=eEndMxkrYnGBTDTXeLa 0xwl924SCihSbVWxw97uMSrGgZGtOuCqKZl0WDYfSFnXCLUtsHBF8oRKXJK SOaDuikQ%3d%3d&crl=c&resultNs=AdminWebAuth&resultLocal=ErrCrlNotAut h&crlhashurl=login.aspx%3fdirect%3dtrue%26profile%3dehost%26scope%3dsit e%26authtype%3dcrawler%26jrnl%3d22871608%26AN%3d140969240.
Hanushek, E. and Woessmann, L. (2008) "˜The role of cognitive skills in economic development', Journal of Economic Literature, Vol. 46, No. 3, pp.607-668
Isachi, S. (2016). Entrepreneurship implications on marketing function. Social Economic Debates, 5, (1), 23-29.
Jack S, Dodd SD, and Anderson A (2008) Change and the development of entrepreneurial networks over time: A processual perspective. Entrepreneurship and Regional Development 20(2): 125-159.
Janeska-Iliev, A., & Debarliev, S.D. (2015). Factors affecting growth of small business: The case of a developing country having experienced transition. European Scientific Journal, 11(28), 1-28.
Kabuoh, M.N., Ogbuanu, B.K., Chieze, A.I., & 4Adeoye, I. (2017) Entrepreneurial Culture and Performance of Small and Medium Enterprises (SMEs) in Nigeria. International Journal of Operational Research in Management, Social Sciences & Education, 3(1), 1-10.
Kamau, M. (2021, September 9). ECONOMIC SURVEY 2021. Kenya National Bureau of Statistics. https://www.knbs.or.ke/economic-survey-2021/
Kansheba, J.M. (2020). Small business and entrepreneurship in Africa: The nexus of entrepreneurial ecosystems and productive entrepreneurship. Small Enterprise Research, 27, 110 - 124.
Katialem, I.R., Muhanji, S., & Otuya, R. (2018). Entrepreneurial orientation and small and medium enterprises growth: empirical evidence from SMES in the manufacturing sector of Nairobi County, Kenya. International Journal of Entrepreneurship and Project Management, 3(2), 38 - 53.
Khan, S. J., & Anuar, A. R. (2018). Access to Finance: Exploring Barriers to Entrepreneurship Development in SMEs. In Zakaria, N., & Kaushal, L. A. (Ed.), Global Entrepreneurship and New Venture Creation in the Sharing Economy (pp. 92-111). IGI Global. http://doi:10.4018/978-1-5225-2835-7.ch006
RePEc - Econpapers. https://econpapers.repec.org/paper/fthmiklrr/0002_2fe.htm
United Nations Industrial Development Organization (UNIDO] (2010). Future Trends in the World Leather and Leather Products Industry and Trade. Vienna: UNIDO. http://leatherpanel.org/sites/default/files/publications attachments/future_trends_in_the_world_leather_and_leather_products_industry_and_trade.pdf
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Kunusia Lilian Khalayi, Prof. Gregory Simiyu Namusonge, Dr. Susan Naikuru
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution (CC-BY) 4.0 License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
