Managerial Competences, Access to Finance and SME Business Success in Kampala Metropolitan Region.
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Date
2023
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Abstract
The purpose of the study was to assess the relationship between managerial competencies, access to finance and SME business success. The study was guided by three objectives namely to establish the relationship between access to finance and SME business success. To examine the relationship between managerial competencies and SME business success. To examine the combined effect of Managerial Competencies, and Access to finance on SME business success. A cross sectional design was employed in this study to examine the relationship between financial capital, business regulation, entrepreneur expertise and SME business success. The population for this study comprised of 476 SME managers of registered businesses in Kampala Central Business District under Kampala Capital City Traders Association by December 2020 (KCCA, 2021). The sample was 210 SME managers who were selected based on Krejcie and Morgan (1970) from the total population. Sekaran (2003) recommends that for research activities, the sample size of respondents should be determined using Krejcie and Morgan (1970) tables. Simple random sampling method was used to establish the respondents. According to Katebire (2007), it minimizes bias and every member stands chance of being selected. The findings showed a positive and significant relationship between access to finance and SME business success. The findings mean that when there is an improvement in access to finance, this will improve business success. There was a positive relationship between managerial competencies and SME business success. This implies that Managerial competencies encompass skills and attributes related to innovativeness, attitude, and knowledge. SMEs led by managers with strong competencies in these areas are more likely to make sound decisions, inspire their teams, and navigate challenges effectively. In conclusion, the success of small and medium-sized enterprises (SMEs) is influenced by several factors, including access to finance, and managerial competencies. Access to financing allows SMEs to invest in their businesses and take advantage of new opportunities, while good managerial competencies provides SMEs with the resources and support they need to grow and succeed. Entrepreneurs with good competencies can provide a competitive advantage to the business.
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A Dissertation Submitted to Makerere University Business School (Faculty of Graduate Studies and Research) in Partial Fulfilment of the Requirements for the Award of Degree of Master of Business Administration of Makerere University. (PLAN A).
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Barnabas, B (2023) Managerial Competences, Access to Finance and SME Business Success in Kampala Metropolitan Region. Unpublished Masters Dissertation Makerere University Business School. Kampala, Uganda.