Advantages And Roles Of Micro-Enterprises In Tanzania

Although assistance has been given to SMEs in Ghana, the sector has made relatively low contribution to the economic development of the Country, though some have made immerse contribution to the economy. According to Hug (1989) SMEs provide the bulk of the people employed in manufacturing in developing Countries. In Ghana about 70% of the total manufacturing employment is provided by the SMEs. A recent nation-wide survey of all industrial establishments by the statistical Service in (2003) reveals that the SMEs contribute about 97% and employ 46% of the total industrial labour

In this document the researcher will present a detailed historical background of manufacturing SMEs in Zimbabwe. The other issues to be highlighted and discussed include problem statement, purpose or justification of the study, objectives of the study, research questions, research hypothesis, significance of the study, research assumptions, scope or delimitations of the study, ethical considerations and a summary.

According to Moravec et al. (1997), SMTs increase flexibility, speed up decision-making, reduce costs and cycle time, and especially, increase innovation. SMTs fit perfectly with downsizing, in that they push responsibility down to the lowest levels possible.

Microeconomic study deals with what choices people make, what factors influence their choices and how their decisions affect the goods markets by affecting the price, the supply and demand.

Small businesses are mighty minnows, reflecting the competitive spirit that a market economy needs for efficiency; they provide an outlet for entrepreneurial talents, a wider range of consumer goods and services, a check to monopoly inefficiency a source of innovation, and a seedbed for new industries; they allow an economy to be more adaptable to structural change through continuous initiatives embodying new technologies, skills, processes, or products (Ibielski 1997, p. 1).

Regardless of these confinements, the Small and Medium Firms have accomplished impressive inclusion towards the development in innovation and fares in nation. Small and Medium Firms have been touched base in the vast majority of the significant zones in the business of India for instance:

Business in a Changing World provides an excellent overall introduction into the world of business. While studying this textbook, five areas stood out to me as being particularly important and essential in creating and maintaining a small business. These areas include the following: small business advantages, using digital media for marketing and advertising, identifying products, abusive and intimidating behavior and the importance of good communication and organizational skills.

Colonialism made a profound impact on the economic development in Tanzania. The general motive behind colonization was the acquisition of raw materials for economic development in Germany. Tanzania was a supplier of raw materials like minerals and agricultural commodities and a buyer of processed manufactured goods. These economic structures established by the colonial powers had lasting implications which affected the independent government’s economic performance. Initially, and similar to the USSR after becoming a communist state, Tanzania introduced a five-year economic plan. However, unlike the Soviet Union, the first five-year plan was made to implement a programme which depended on foreign investment to support massive, capital-intensive industrialization and agricultural development projects. Consequently, this economic policy upheld colonial ideals. Later, in attempt to reconstruct Tanzania’s national identity and off the benefits of capitalism, the Arusha Declaration was avowed. This was a blueprint that declared the implementation of African socialism under the name Arusha. After the Arusha declaration, the

Now, it is the right time for you to seize immense business opportunities your country, Kenya, is offering to you. Do not let foreign investors take advantages on you...

Tanzania and CAR has a lot of potential but this is not being utilized because of:

According to the Government spending with small and medium-sized enterprises report (referenced below) by House of Commons Committee of Public Accounts, the United Kingdom government is putting conscious efforts to make the public-sector marketplace more accessible for SME’s.

This is great information, what caught my attention was the fact that small business gives equal opportunity to women and minorities. That is an important factor and that is also one thing that I feel is key in why small businesses are so important. Upon doing research I learned that small businesses paid almost fifty percent of the U.S. payroll and this payroll was towards individuals who may not have been qualified for jobs at larger corporation. The US economy is made up of various types of people from different walks of life and I feel it is important that all individuals should have an opportunity for employment so that we can provide for our families and small business help this become possible.

In India, these entrepreneurs are part of the larger sustainable development strategy employed by the policymakers. Evidence shows that Women entrepreneurship has already contributed to the economic growth across the world and women led enterprises are increasing in every country.. These enterprises also created a large number of job opportunities in their respective economies. Apart from this, these enterprises also created new business solutions for the pressing social problems.Further in whole enterprises scenario, number of enterprises owned by women is very less compared to men. Government of India has implemented various schemes for development of such enterprises but impact is yet to be seen.

Promoting positive account towards the existing Sino- Tanzania Economic Engagement requires efforts from each side, in that regard, the area will show propositions suitable for each side. The area will start with proposition suitable for Tanzanian side; the following propositions were presented by respondents, while answering qn 39 that required respondents to propose measures Tanzania Government should undertake to improve her engagement with China so as to ensure maximum positive benefits. The statistical data presented in table number 7 indicate that among the 97 respondents who responded to the question, about 25 respondents which is equivalent to 10.3 percent favored technology transfer, whereas about 21 respondents which is

In India, these entrepreneurs are part of the larger sustainable development strategy employed by the policymakers. Evidence shows that Women entrepreneurship has already contributed to the economic growth across the world and women led enterprises are increasing in every country. These enterprises also created a large number of job opportunities in their respective economies. Apart from this, these enterprises also created new business solutions for the pressing social problems.Further in whole enterprises scenario, number of enterprises owned by women is very less compared to men. Government of India has implemented various schemes for development of such enterprises but impact is yet to be