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The study aimed at assessing the factors impeding growth of local firms in Tanzania, with reference to Urafiki Textile Mills based in Dar es Salaam. This study was guided by the theory of the growth of the firm. Data were collected through questionnaires from 150 employees of URAFIKI Textile Mill and through the interview from 3 members of the management from the same firm, 1 member from TIC and another 1 member from TCB and analyzed through descriptive statistics, logistic regression analysis and qualitative analysis for last objective.
It was established that human resources capacity, managerial capacity, marketing capability, technological capacity, policy and legal framework, competitiveness and access to finance are the dominant factors impeding firm’s growth. When firm growth measured in terms of value and number of assets indicator, it was established that technological capacity and access to finance increases the odds of firm growth while, human resources capacity, policy and legal framework decreases the odds of firm growth.
For profit indicator as indicator of growth, it was found that managerial capacity, marketing capability, and technological capacity increase the odds of firm growth while, policy and legal framework and competitiveness decrease the odds of firm growth and for capital size indicator, it was revealed that managerial capacity and technological capacity increases the odds of firm growth while human resources capacity and policy and legal framework decrease the odds of firm growth.
For sales revenues as an indicator of growth, it was found that managerial capacity, technological capacity and access to finance increase the odds of firm growth while human resources capacity decreases the odds of firm growth and also it was revealed that the firm is generally not performing well. |
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