Business in the Third World Countries: A Case of the Dar es Salaam City of Tanzania
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Mzumbe University
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A Dissertation submitted in partial fulfillment of the Requirements for Masters
of Business Administration in Corporate Management (MBA-CM) of
Mzumbe University
Many developed and developing countries of the world such as USA, UK, India, South African and Tanzania have strategies and challenges for implementing different kinds of businesses i.e., Small and Medium Enterprises (SMEs). This provides a real picture of the businesses conducted in both developed and third world countries. Usually developed nations have more business achievements compared to third world countries whereby strong efforts have been implemented to rescue the situation by developed nations leaving less by third world countries including Tanzania. In this study, a purposive sampling method was employed to select respondents. The questionnaires and interview guide questions were used to collect primary data from businessmen in the Dar es Salaam city. In the analysis, the Statistical Package for Social Sciences (SPSS) software version 20 was applied in the analysis. The results revealed that sole proprietorship, general partnership, limited partnership and Business Corporation were the main forms of businesses conducted in Tanzania. Also the dominant factors for development of businesses in Tanzania were such as the staff motivation, unemployment rate, management experience, number of founders, workforce training and management staff training, technological sophistication, market positioning, management styles as well as customer’s concentration. It is concluded that, there is a need for training related to business skills and knowledge to the businessmen, technological sophistication on business activities tax payment and compensation. Also innovation and creativity on business activities, government trade policy should give priorities on business activities. This study provides necessary information that helps Tanzanians to understand the challenges of business, and find ways of addressing them. Besides, it helped policy makers in business sectors to prepare policy that will be used in business as well as help researcher to acquire information that will be used for further research.
Many developed and developing countries of the world such as USA, UK, India, South African and Tanzania have strategies and challenges for implementing different kinds of businesses i.e., Small and Medium Enterprises (SMEs). This provides a real picture of the businesses conducted in both developed and third world countries. Usually developed nations have more business achievements compared to third world countries whereby strong efforts have been implemented to rescue the situation by developed nations leaving less by third world countries including Tanzania. In this study, a purposive sampling method was employed to select respondents. The questionnaires and interview guide questions were used to collect primary data from businessmen in the Dar es Salaam city. In the analysis, the Statistical Package for Social Sciences (SPSS) software version 20 was applied in the analysis. The results revealed that sole proprietorship, general partnership, limited partnership and Business Corporation were the main forms of businesses conducted in Tanzania. Also the dominant factors for development of businesses in Tanzania were such as the staff motivation, unemployment rate, management experience, number of founders, workforce training and management staff training, technological sophistication, market positioning, management styles as well as customer’s concentration. It is concluded that, there is a need for training related to business skills and knowledge to the businessmen, technological sophistication on business activities tax payment and compensation. Also innovation and creativity on business activities, government trade policy should give priorities on business activities. This study provides necessary information that helps Tanzanians to understand the challenges of business, and find ways of addressing them. Besides, it helped policy makers in business sectors to prepare policy that will be used in business as well as help researcher to acquire information that will be used for further research.
Keywords
Developing countries, Small and Medium Enterprises (SMEs), third world countries-Business