Strategy Implementation and Growth of Small and Medium Enterprises in Garissa County, Kenya
Abstract
Small and Medium Enterprises (SMEs) play an indispensable role in achieving and sustaining economic growth of countries across the world. However, SMEs face enormous challenges which inhibit their growth. Effective strategy implementation is crucial for the realization of growth targets by SMEs. This study sought to establish the effect of strategy implementation on the growth of SMEs in the Garissa County of Kenya. An exploratory and descriptive research design was employed with respondents being drawn from 294 SMEs that were obtained through a stratified sampling technique. Data was analysed using descriptive and
regression statistics. The study results reveal a positive and statistically significant relationship between the Growth of SMEs and the components of strategy implementation namely resource allocation, leadership, enterprise culture and communication individually and collectively. The study offers valuable recommendations to SMEs proprietors on the enhancement of strategy implementation to attain sustainable growth of their enterprises.
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