| dc.creator | McCormick, Dorothy | |
| dc.date | 2011-05-03T13:41:04Z | |
| dc.date | 2011-05-03T13:41:04Z | |
| dc.date | 1993-01 | |
| dc.date.accessioned | 2012-11-10T13:19:49Z | |
| dc.date.available | 2012-11-10T13:19:49Z | |
| dc.date.issued | 10-11-12 | |
| dc.identifier | McCormick, Dorothy. (1993) Risk and firm growth: the dilemma of Nairobi's small - scale manufacturers. Discussion Paper 291, Nairobi: Institute for Development Studies, University of Nairobi | |
| dc.identifier | http://opendocs.ids.ac.uk/opendocs/handle/123456789/770 | |
| dc.identifier | 121159 | |
| dc.identifier.uri | http://erepository.uonbi.ac.ke:8080/handle/123456789/1992 | |
| dc.description | In Nairobi, where the economic and social consequences of business
failure are high, entrepreneurs' risk-management strategies work separately
and together to discourage firm growth. Many manage risk through
flexibility. By working in rent-free quarters, using family labour and
little capital, they minimise fixed costs and increase opportunities for
additional income. Business owners also avoid risk by manufacturing
standard products for a known market. Successful entrepreneurs diversify
their income and assets rather than expanding one enterprise. Finally, most
prefer to preserve land and other assets unencumbered by debt. These
rational responses to a risky business environment inhibit formation of a
dynamic manufacturing sector. Policymakers, NGOs, and the private sector
can help by creating broad policies and targeting specific programmes to
remove or reduce risk. | |
| dc.language | en | |
| dc.publisher | Institute for Development Studies, University of Nairobi | |
| dc.relation | Discussion Papers;291 | |
| dc.rights | http://creativecommons.org/licenses/by-nc-nd/3.0/ | |
| dc.rights | Institute for Development Studies, University of Nairobi | |
| dc.subject | Economic Development | |
| dc.title | Risk and firm growth: the dilemma of Nairobi's small - scale manufacturers | |
| dc.type | Series paper (non-IDS) | |
