Journal of Entrepreneurship & Project Management

Influence of Entrepreneurial Opportunities and the Growth Sustainability of Motorcycle (Boda-Boda) Industry for Economic Development in Murang’a County, Kenya

2024-09-30T12:29:14+00:00

Motorcycle businesses play a key role in poverty alleviation when run based on entrepreneurial opportunities. This research study was carried out in rural population of Murang’a County, Kenya. The study aimed to provide relevant insights into how the boda-boda service business has influenced growth sustainability towards the economic development of Murang’a County. The research investigates the entrepreneurial opportunities and the growth sustainability of motorcycle industry for economic development in Murang’a County. The study aims to examine the influence of an entrepreneurial mindset and the growth of motorcycle industry on economic development in Murang’a County. The study is supported by dynamic capabilities theory. A cross-sectional survey methodology was utilized which incorporated qualitative and quantitative research methods. During the selection of the sample, particular attention was paid to age, gender, education, income, household, and community. A stratified sampling technique was employed to obtain 359 motorcycle riders from 3500 licensed riders by the seven selected sub-counties in Murang’a county namely; Mathioya, Kangema, Kiharu, Kandara, Maragua, Gatanga, and Kigumo sub-counties. The study concluded that an entrepreneurial mindset helps motorcycle industry to sustain growth for economic development in Murang’a, Kenya. The study suggested that motorcycle riders should focus more on creativity, entrepreneurial alertness, and propensity for risk-taking respectively.

Effect of Asset Reduction on Growth of Small Enterprises in Busia County, Kenya

2024-10-16T19:24:16+00:00

Purpose: The primary aim of the study was to establish the effect of asset reduction on growth of small enterprises in Busia County, Kenya.

Methodology: Descriptive and explanatory research designs were used in the study. The research targeted 220 management employees of licensed small enterprises operating in Busia County in Kenya. A census was carried out on all management employees in the department because the number was small. Therefore, all 220 management employees of licensed small enterprises operating in Busia County were included in this study. The drop-and-pick method was used by the investigator to manage the surveys. The research collected primary data using a structured questionnaire. The study supervisor reviewed the instrument and suggested any required changes to ensure content validity. Reliability was evaluated using Cronbach alpha, the author evaluated the trustworthiness of the data tools. Descriptive and inferential statistics were generated. Data was captured using tables.

Results: Regression of coefficients showed that there is a positive and significant effect of asset reduction and growth of small enterprises.

Conclusion: The study recommended that small enterprises should do replacement of long-term assets since this will enhance their growth. Further, Small enterprises should ensure they often modernize their assets since this enhances the small enterprises' internal operation efficiency and growth. However, firms should not concentrate on disposal of assets since it plays no role in firm growth.

Project Team Rewards and Performance of Information Technology-Based Projects in Commercial Banks in Kenya

2024-11-07T19:00:09+00:00

Purpose: The expected outcome of projects is to achieve a positive performance consistently. Yet, there is no agreed definition of project performance, which complicates the achievement of the purpose. Projects in Kenya are mostly complex and difficult to manage and project team management practices are mostly used in projects for effective functioning. However, project managers in Kenya have been focusing on technical constraints of projects and neglecting project teams’ related constraints. The objective of the study was to investigate the influence of project team rewards on project performance in commercial banks in Kenya.

Methods: The study adopted a pragmatic research approach. A cross-sectional study design and explanatory research design were adopted in the study. The unit of analysis was 429 projects in the 39 commercial banks operating in Kenya as of close of business on 31st December 2020 categorized into 20 types of Information technology projects. The target population was 195 Information Technology project managers as well as 78 staff working in human resource department, 78 staff working in finance department, and 78 staff working in operations departments in the 39 commercial banks operating in Kenya. The study used stratified random sampling to choose 206 respondents from the study population. Secondary and primary data was employed in this study. Annual reports of commercial banks provided secondary data. In addition, a semi-structured questionnaire was adopted to obtain data. Qualitative data, which was obtained from open-ended questions, was analyzed by use of thematic analysis, and the results were presented in a descriptive form. Inferential and descriptive statistics will be used to analyze quantitative data with the help of Statistical Package for Social Sciences (SPSS version 26). Descriptive statistics included frequency distribution, mean, standard deviation, and percentages. Inferential statistics included univariate regression analysis and Pearson correlation.

Results: The study found that project team rewards had a significant effect on performance of information technology-based projects in commercial banks in Kenya.

Conclusion: The study recommends that commercial banks should also diversify and strengthen their reward structures to better align with team members’ contributions and achievements. They should further strengthen their recognition and promotion programs to ensure that these elements are consistently applied and effectively contribute to team performance.