Business Plan and Industrial Development

Lubawa, Galinoma Gahele

doi:10.4018/978-1-7998-4817-2.ch015

Cited by 3 publications

(8 citation statements)

References 23 publications

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“…Clarifying the context is crucial for establishing idea validity (De Massis et al, 2012). According to this study, Tanzanian single-family-owned firms foster a sense of familiness (Lubawa, 2021), which boosts their success. Tanzania's attributes make it an appropriate study area.…”

Section: Introductionmentioning

confidence: 92%

“…In this study, families explain the advantageous effect of family involvement in the firm (Lubawa, 2021;Pearson et al, 2008). However, the main aim of this study was not to examine the influence of families on firm management practices.…”

Section: Introductionmentioning

confidence: 96%

“…In Tanzania, a family-owned firm is privately owned by a single family to support the family economy in both the present and future generations (Lubawa & Osabuohien, 2023;Lubawa, 2021). This definition suggests that one family controls and owns the firm (Barnes & Hershon,1976).…”

Section: Introductionmentioning

confidence: 99%

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Socioemotional Wealth and Financial Performance of Single-Family-Owned Food Processing Firms: Evidence from Tanzania

Lubawa,

Raphael

2023

Colombo Bus. J

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This study assessed how Socioemotional Wealth (SEW) influences the financial performance of single-family-owned firms in the same industry. Previous research on family firms has yielded conflicting results. Thus, this study fills a gap. Data is collected from firms' owners using a structured questionnaire. Family continuity, family prominence, and family enrichment are used to measure the SEW. The financial performance was subjectively assessed. Multiple regression analysis is used to examine the data obtained from 267 firms. The findings suggest that the three dimensions of SEW - family continuity, family enrichment and family prominence - significantly influence single-family-owned firms' financial performance (p = 0.00). This study adds context-specific insights, empirical facts, and a deeper understanding of family-owned firms' subjective financial performance to the SEW development literature—the discipline of SEW theory and its application benefit from its research and practice implications. Future research should examine how firm culture affects SEW-financial performance ties by employing a larger sample.

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Section: Introductionmentioning

confidence: 92%

Section: Introductionmentioning

confidence: 96%

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Socioemotional Wealth and Financial Performance of Single-Family-Owned Food Processing Firms: Evidence from Tanzania

Lubawa,

Raphael

2023

Colombo Bus. J

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“…This transformation is driven by economic and marketing pressures, demographic changes, resource distribution, and the need to ensure food preservation for better distribution (Malagié, 2016). In the context of Tanzania, the food-processing industry is a vital component of the manufacturing sector, contributing to economic growth and job creation (Lubawa, 2021). However, despite its potential, the industry faces challenges related to efficiency, technology adoption, and modernization.…”

Section: Profile Of the Food-processing Industrymentioning

confidence: 99%

“…The government has prioritized industrialization as a means to drive economic transformation, reduce poverty, and achieve sustainable growth (The United Republic of Tanzania, 2016). The industry has shown positive growth trends in recent years, with a focus on agro-processing of various products, including edible oil, cashew nuts, fruits, milk, and dairy products (Lubawa, 2021).…”

Section: Situational Analysis Of the Food Industry In Tanzaniamentioning

confidence: 99%

Efficiency Analysis of the Food and Beverage Industry in Tanzania: A Comparative Analysis

Lufano,

Kirori,

Mugiira

2023

IJECON

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Purpose: This study examined the performance of food and beverage industries in Tanzania in terms of productive and technical efficiency. The specific objectives of the study were to evaluate the productive efficiency performance of food and beverage industries in Tanzania, to determine the level and trend of efficiency of food and beverage of food and beverage industry in Tanzania, and to assess the levels of productive efficiency performance in the food and beverage subsectors in Tanzania Methodology: The study used secondary data to achieve its objectives. The study employed a Panel data analysis technique using 40 companies in the manufacturing sector over a period of three years, 2018-2020. A stochastic frontier production model was applied using a linearized Translog production function to determine the performance elasticity coefficients of inputs and technical efficiency. The study used production theory advanced by Koutsoyiannis (1979) to explain the relatonship between input and output factors. Findings: One of the key findings was that the level and trend of efficiency in food and beverage industry demonstrated an upward trend for the period between 2018 and 2020 as evidenced by the changes in average in both food and beverage sub-sector which grew from 0.776 in 2018 to 0.7557 in 2019 and finally to 0.7746 in 2020. Another finding of the study was that, the individual productive efficiency distribution between food and beverage sub-sector revealed that beverage sub-sector performs much better than food sub-sectors, with an average technical efficiency of 77.85% and 81.36% for both food and beverage sub-sectors, respectively. Unique Contribution to Theory, Practice and Policy: The study’s unique contributions to theory include its assessment of efficiency levels, analysis of efficiency trends, and exploration of sector-specific variations. Its practical contributions encompass policy recommendations, guidance on modernization and technology adoption, and the importance of skills development and export promotion. These insights have direct implications for policymakers, industry stakeholders, and practitioners in Tanzania's food and beverage sector, aiding in the formulation of effective strategies to enhance efficiency and competitiveness. The study recommends that the government and other stakeholders comes up with policy reforms to address the underlying factors contributing to the underutilization of each firm’s production capacity. This includes reforming the input market in the manufacturing sector in order to increase the level of efficiency to 100%. There should be establishment of an efficient marketing mechanism that reduces the involvement of many parties in the supply chain and hence high transaction costs.

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SME resilience: Critical financial planning success factors post-COVID-19

Maharaj,

Doorasamy

2024

Investment Management and Financial Innovations

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Small and medium-sized enterprises (SMEs) are crucial to South Africa’s economy as they provide employment, contribute to development, reduce poverty, and promote entrepreneurship. However, the COVID-19 pandemic has severely impacted SMEs in the country, posing a threat to their survival. The purpose of the study was to identify the financial planning critical success factors that are essential for SME performance in a post-COVID-19 pandemic environment. The study followed a positivist paradigm, and a quantitative survey approach was employed. South African SMEs across the various sectors of business were targeted to provide a holistic view of the financial planning strategies contributing to performance. A total of 282 questionnaires were completed electronically by the SME owners using Google Forms, which were then analyzed using SPSS and Smart PLS software. The regression model for structural equation modeling revealed a strong and significant link between financial planning and SME performance. Financial planning has a strong, significant positive effect on SME performance, as indicated by the path coefficient (β = 0.227, p = 0.002). The importance of this study lies in its ability to provide valuable insights to businesses regarding financial planning strategies to enhance SME success in a post-COVID-19 environment.

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Business Plan and Industrial Development

Cited by 3 publications

References 23 publications

Socioemotional Wealth and Financial Performance of Single-Family-Owned Food Processing Firms: Evidence from Tanzania

Socioemotional Wealth and Financial Performance of Single-Family-Owned Food Processing Firms: Evidence from Tanzania

Efficiency Analysis of the Food and Beverage Industry in Tanzania: A Comparative Analysis

SME resilience: Critical financial planning success factors post-COVID-19

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