Abstract:Scholars, policy makers and analysts have agreed that the future development of any country rests on the shoulders of Small and Medium Enterprises (SMEs). Although SMEs play an important role in developing countries such as Zimbabwe, 85% are expected to fail within the first three years. Many reasons have been outlined as the causes of such a high failure rate with the most notable ones being a dearth in managerial capacity and an inappropriate leadership model. Zimbabwean SMEs have failed to drive economic gr… Show more
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