Mapping of Risks and Firm Performance: Insights from Small Scale Garment Enterprises in Eldoret Town, Uasin Gishu County, Kenya
Abstract
Small-scale garment enterprise projects are pivotal in Kenya’s economic development, contributing significantly to employment and poverty alleviation. These projects often face challenges that impede their growth and performance. The paper seeks to establish the effect of mapping risks on the performance of small-scale garment enterprise projects in Eldoret town. An explanatory research design was used and the target population consisted of 386 small-scale garment enterprise owners. A sample size of 196 small-scale garment enterprise projects in Eldoret town was selected using Yarmane formula. The respondents were selected using stratified sampling method and data was collected using questionnaires. The analysis was done using both descriptive and inferential statistics. Result showed that scheduling milestones had statistically positive effect on the performance of garment enterprise projects (β 0.947, p<0.05). The paper concludes that mapping of risks is critical processes of ensuring that garment enterprises attain performance targets. It is therefore recommended that comprehensive risk mapping practices need to be regularly undertaken by SMEs in the garment sector in Eldoret town
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