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Waswa Balunywa Director Makerere University Business School Kampala Uganda Tagged Articles



9.0 Conclusions: Entrepreneurship and Small Business Enterprise Growth in Uganda
As the world turns global, many countries are emerging out of the abject poverty into wealth. South Korea and Singapore are classical examples. In the 1960's, South Korea's per capital GDP was similar to that of Uganda. South Korea is now among the developed countries. Uganda is still characterised by massive poverty. The only way to transform Uganda and many African countries is to fuel growth through business development. Given the global competition, Africa may not be able to position herself competitively as a world class competition but must foster the growth of businesses through micro and small enterprises. Many donor funding agencies have identified this and have focused their attention to this sector.
8.0 Culture and Small Business Success: Entrepreneurship and Small Business Enterprise Growth in Uganda
It is possible that in the study of business, especially small business, there has been no attention to the subject of culture and its impact on business success. We appear to be taken for granted that the concept of business, which is a cultural pattern in different societies, is understood the same way everywhere. Discussing entrepreneurship we conclude that successful entrepreneurship entails certain behavioural patterns. That behaviour is shaped in a cultural setting. We also appear to take it for granted that the concept of profit, the end result of a business activity, as a common meaning in different cultures.
7.0 Entrepreneurship and Small Business Success: Entrepreneurship and Small Business Enterprise Growth in Uganda
Common day definition of entrepreneurs tend to equate it with those who start small business (Drucker, 1993). This is a fallacy. Entrepreneurship is a dynamic process of creating wealth whether in small organisations or large organisations. Entrepreneurship is a continuous search for change, responding to it and exploiting it as an opportunity (Drucker, 1993). Most successful organisations are successful because of the entrepreneurial behaviour of their leaders and the entrepreneurial culture prevalent in the organisation. The key entrepreneurial behaviours include the following :
3.0 The Growth of Small Enterprises - the Problem: Entrepreneurship and Small Business Enterprise Growth in Uganda
Because of the importance that has been attached to these enterprises, there has been a lot of effort directed towards promoting these units. In many countries especially India, there has been affirmative and positive action towards promoting SSEs. A lot of literature is available on the success and failures of these enterprises. Many countries and indeed multilateral institutions have set up agendas and strategies for the development of these units. In Kenya, for instance, the Jua Kalis have been supported by the Kenyan government (Alila and McCormick, 1994) as avenues of industrialising and developing the country.

Other Waswa Balunywa Director Makerere University Business School Kampala Uganda Related Articles

Ten Questions with Jeffrey Pfeffer
Jeffrey Pfeffer is the Thomas D. Dee II Professor of Organizational Behavior at the Graduate School of Business, Stanford University. He is the author or co-author of twelve books.Dr. Pfeffer received his B.S. and M.S. degrees from Carnegie-Mellon University and his Ph.D. from Stanford.
9.0 Conclusions: Entrepreneurship and Small Business Enterprise Growth in Uganda
As the world turns global, many countries are emerging out of the abject poverty into wealth. South Korea and Singapore are classical examples. In the 1960's, South Korea's per capital GDP was similar to that of Uganda. South Korea is now among the developed countries. Uganda is still characterised by massive poverty. The only way to transform Uganda and many African countries is to fuel growth through business development. Given the global competition, Africa may not be able to position herself competitively as a world class competition but must foster the growth of businesses through micro and small enterprises. Many donor funding agencies have identified this and have focused their attention to this sector.
Not Just Treasure in Heaven Alliance for Christians in Development ACID to Grant Micro Loans to Benefit Ugandan Schoolchildren
The Alliance for Christians in Development (ACID) Trust, a non-governmental development organization based in Uganda which, among other projects, provides microfinance services to rural women and youth, will be extending micro loans to parents who cannot afford to pay their children’s school fees. Typically, fees cost about USD 35 per term. A September 2006 report (pg 4) by Save the Children indicated that 1.1 million primary-aged children in Uganda are out of school, the majority because they cannot afford uniforms, books, and basic supplies. Under ACID Trust’s program, the plan is that parents will borrow from the trust interest-free, invest the money to make a profit, pay back the loan and save the remainder to put toward their children’s education.

Police in Uganda Investigate Front Page Micro Finance and Three Other Microfinance Firms
Ugandan Police are investigating four savings and co-operative credit organisations (SACCOs) suspected of fraud. They are alleged to be cheating their clients and making withdrawal of deposit money very difficult. The organisations are Front Page Micro Finance, Faster Micro Finance, Savings and Credit Cooperative Society Support Uganda Finance Limited and Stade Rugando Finance, all based in Kampala. According to the police up to 50 people have made complaints against the firms, accusing them of refusing to fulfill withdrawal requests completely and offering high-value loans against low-value collateral.
Management Courses
It’s a big, scary world out there, especially for the entrepreneur wanna be who has had little to no business experience or training. Entrepreneurs are known for their willingness to take risks, for their innovation, and not necessarily for their academic record. Indeed, many of the most successful CEOs in the world are those who dropped out of university or even high school in order to follow their dreams. But for those of you who aren’t sure you are the next Richard Branson, a high school dropout so determined to be his own boss that he is now a billionaire, there are other options. One of those options is to take management courses.

Can Emerging Markets Follow China's FDI Growth Recipe?
China's ability to attract massive amounts of foreign investment does not derive entirely from its economic growth rate or the size of its population, observed Stephen J. Kobrin, Professor of Multinational Management, The Wharton School, University of Pennsylvania, USA. Rather, China leads the developing world in liberalizing its foreign investment policies, he noted. Felipe Larra Bascu Professor of Economics, Catholic University of Chile, Chile, challenged this view, saying he believed that it was China's large marketplace, high growth rate and low costs rather than its investment policies driving FDI. Between these extremes, Paul A. Laudicina, Managing Director, A.T. Kearney, USA, said that interviews with his firm's clients revealed that it was both the size of China's marketplace and its policies that were luring investment.

Ugandan Government to Set up Laws for Regulating its Microfinance Sector
During the 2007 Citigroup Micro-entrepreneurship awards ceremony in Kampala on January 10, 2008, State Minister for Microfinance, Caleb Akandwanaho announced that a new law regulating the activities of microfinance institutions will take effect in June 2008. The law is meant to bring an end to corruption in Uganda’s savings and co-operative organizations (SACCOs) following dozens of complaints from customers claiming to have been fleeced of their savings, and police investigations in September 2007 of four savings and co-operative organizations (SACCOs) suspected of fraud, including the suspension of The Support Uganda Savings and Cooperative Society, and arrests of SACCO heads.
Are You Limiting Your Thinking
The more interesting and enlightening you are, the more people will welcome you into their lives and the more opportunity will abound. Learning is not limited to going to school or getting a degree. It's surprising that many people stop feeding their minds after a certain point. For some, that point is high school graduation; for others, it's graduating from college. A large university once took a survey of its recent graduates and found that 90 percent hadn't read a single book since they'd left the university.
Hmmm!
The Sunday New York Times had a special section called "Education Life." One article, "Career U.," describes some of the changes we might expect in university education. For example, the president of the University of Michigan was surprised (to put it mildly) when she learned five years ago that 10% of incoming freshmen, some 600, had started their own businesses while in high school. She and her colleagues responded by creating about 100 entrepreneurship courses. The article tickles our imagination by describing a few of the more inventive new master's programs:

Thought leadership insights from global expert
Fiona Czerniawska, is one of the foremost global authorities on thought leadership, particularly in the management consultancy space. There are few people who understand as much about thought leadership. She is the founder and managing director of Arkimeda and one of the world's leading authorities on the consulting industry. She has authored numerous management reports, books and articles. She is also the Director of the Management Consultancies Association's Think Tank, she is a Programme Director for the Centre of Management Development at London Business School, and also lectures at Kingston Business School in London and Haarlem School of Advanced Management Studies in Holland.

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