Institutional Support in Managerial Capacity Building and SMEs Growth
Institutional Support in Managerial Capacity Building and SMEs Growth
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Date
2016-04
Authors
Forkuoh, Solomon Kwarteng
Li, Yao
Ampadu, Mavis Boatemaa
Aboagye, Michael Osei
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Publisher
Scietific Research Publishing
Abstract
Quality managerial skills have been cited as very crucial and important ingredient in the success
of enterprise and it is ranked high among other success factors of enterprises in Ireland. As many
of the traditional sources of competitive advantage (technology, economies of scale, patents etc.)
diminishes in value, the role of a skilled motivated and flexible workforce has become more
prominent. In contrast, most SMEs do not have access to quality labor force, which normally
translates to l productivity and uncompetitive, and in the long run affects the national growth and
development. It is therefore not an act of accident to see several government and other institu-
tions support SMEs train and maintain quality workforce. The task before this researcher is to as-
sess the impact of institutional support in the provision of managerial capacity building on the
growth of selected SMEs in Ghana. Using firm level data from 500 SMEs from the ten regional capi-
tals of Ghana, the results indicated that the provision of institutional support in the training of
procurement personnel, bookkeeping and accounting and business plan preparation experts had
positive impact on the growth and development of the SMEs.
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Citation
Forkuoh, S. K., Li, Y., Ampadu, M. B., & Osei, M. A. (2016). Institutional support in managerial capacity building and SMEs growth. Open Journal of Business and Management, 4(2), 188-205.