TITLE:
Institutional Support in Managerial Capacity Building and SMEs Growth
AUTHORS:
Solomon Kwarteng Forkuoh, Yao Li, Mavis Boatemaa Ampadu, Michael Aboagye Osei
KEYWORDS:
Managerial Capacity Building, SMEs Growth, Institutional Support, SMEs Challenges
JOURNAL NAME:
Open Journal of Business and Management,
Vol.4 No.2,
April
6,
2016
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 institutions
support SMEs train and maintain quality workforce. The task before this researcher is to assess
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 capitals
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.