An Assessment of the Performance of Small and Medium Textile Enterprises in Ghana (Published)
In the wake of unemployment and economic hardship in Ghana, the study sought to assess the financial, social and environmental performance of Small and Medium Textile Enterprises (SMTEs) as they are a major driver of employment generation and other opportunities in the textile sector in Ghana. The study is quantitative research. A multi-stage sampling procedure involving convenient, purposive and stratified sampling techniques was employed in this study. A sample size of 300 was drawn from the 80 SMTEs. The study established that Ghana’s small and medium textile enterprises have not performed exceptionally well generally over the past five years. However, the study observed a relatively good performance in terms of their financial performance. Similarly, the social and environmental performances of the textile enterprises have also been found to be good. To make the most of using advanced technologies to enhance their performances, SMTEs must follow market dynamics, pay more attention to customer interaction and establish interdependent relationships in the industry.
Citation: Isaac Abraham and Ebenezer Kofi Howard (2022) An Assessment of the Performance of Small and Medium Textile Enterprises in Ghana, International Journal of Small Business and Entrepreneurship Research, Vol.10, No.2, pp.,1-14
Keywords: Economic, Enterprise, Performance, social and environmental
Analytical Review of Small and Medium Scale Enterprises in Nigeria (Published)
The primary purpose of business is the supply of goods and services to satisfy the societal needs. Wherever people live in conurbations, there is always the need for goods and services. These goods and services are supplied by institutions such as the family, the voluntary organization, the business firms, local, state and federal government. Also, the importance of credit facilities from both the bank and non-bank financial institutions cannot be overemphasized in enhancing the development of SMEs in the country. However, only the effect of initial capital (CAP) and non bank credit facilities (NBK) is significant and responsive towards the enhancement of performance of SMEs while credit facilities from banks are insignificant with respect to SMEs development. Lastly it concluded that government agencies such as the National Directorate of Employment should intensify efforts geared towards training programmes for SMEs.
Keywords: Enterprise, Entrepreneurship, Environment, Growth, SMEs