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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. |
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