The SMEs are spread across the country and their
social-economic contributions to the communities in which they are found cannot
be ignored. Mwaiteka Investment, an enterprise where the study was carried out,
is one of these SMEs that are found in Kabwe, Zambia. This enterprise has been in
business for over 18 years and has not grown, a situation which has brought a lot
of concerns and hence the need for this study to find out why the enterprise has
not achieved any growth.
The stagnation in growth of the enterprise is
a big challenge which needs to be addressed because of the enterprise’s contribution
to the national development. If this challenge is addressed the enterprise will
reduce the unemployment and poverty levels further in the country and also contribute
more to the national treasury.
The study collected data using research tools
such as interviews, observations and data from enterprise’s records. The data was
analysed using descriptive analysis and the study then came up with findings, and
conclusions. Some of the findings from the study indicated that poor entrepreneurial
and enterprise culture, inadequate resources, lack of credit facilities, lack of
skilled and experienced manpower, Business Development Services (BDS) programmes
too expensive were some of the factors which could have contributed to challenges
the enterprise was facing.
Keywords: SMEs, Innovation, Growth, Culture.
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