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The Influence of Experience and Owner-Managers Education on SME Performance: Case of Motor Spares Enterprises at Kelvin Light Industries in Bulawayo

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  • Ndlovu N
  • Shumba V
  • Vakira E

Abstract

The continued failure of small to medium enterprises and lack of growth of those that survive, continue to pose some challenges to the Zimbabwean economy. Lack of experience and education by ownermanagers of SMEs, is one of the major challenges impeding their survival and growth. The study sought to establish the influence of experience and owner-managers education on SME performance specifically focusing on motor spares SMEs at Kelvin Light Industries in Bulawayo. The objective of this study, therefore, was to analyse the relationship between experience and owner-managers education and the performance of SMEs. The descriptive research design was employed in this study. The researcher adopted stratified sampling technique supported by simple random technique to select participants from the population. Closed-ended questionnaires were used to collect data from owner-managers operating at Kelvin Light Industries. SPSS version 20 was used to analyse and present the data. The results of the study showed that there was a strong relationship between both education and experience of owner-managers on SME performance. The researcher recommends that owner-managers should continuously receive training on how to run and manage their SMEs. Owner-managers should employ human capital on merit which would give them a competitive advantage in business.

Suggested Citation

  • Ndlovu N & Shumba V & Vakira E, 2018. "The Influence of Experience and Owner-Managers Education on SME Performance: Case of Motor Spares Enterprises at Kelvin Light Industries in Bulawayo," Journal of Economics and Behavioral Studies, AMH International, vol. 10(4), pages 22-31.
    • Handle: RePEc:rnd:arjebs:v:10:y:2018:i:4:p:22-31
    DOI: 10.22610/jebs.v10i4(J).2403
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    References listed on IDEAS

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    2. Maximilian ROBU, 2013. "The Dynamic And Importance Of Smes In Economy," The USV Annals of Economics and Public Administration, Stefan cel Mare University of Suceava, Romania, Faculty of Economics and Public Administration, vol. 13(1(17)), pages 84-89, June.
    3. Domingo Soriano & Gary Castrogiovanni, 2012. "The impact of education, experience and inner circle advisors on SME performance: insights from a study of public development centers," Small Business Economics, Springer, vol. 38(3), pages 333-349, April.
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