Journal Screenshot

Multilingual Academic Journal of Education and Social Sciences

Open Access Journal

ISSN: 2308-0876

NOTE: THIS JOURNAL IS SHIFTED TO NEW
WEBSITE (www.kwpublications.com)

Entrepreneurial Characteristics That Influence Success among Second Hand Motor Vehicle Dealers in Kenya: A Case Study of Ngong Road Area

Pauline N. Suter, Prof. Henry M. Bwisa

Open access

The contribution of second hand motor vehicle industry to the economic growth of the country is high in terms of gross domestic product and to self-employment. There is need to equip entrepreneurs with the most effective characteristic they can apply to influence success in motor vehicle dealership. This study therefore seeks to explore the characteristics that influence entrepreneurial success among second hand motor vehicle dealers; a case study of the Ngong road area. The research is informed by the trait model of entrepreneurial characteristics and adopts key trait as Need for achievement. The specific objective is to establish whether need for achievement is an ingredient of success among car dealers in Nairobi and to measure their level of entrepreneurial success. Descriptive research design was used for this study as it was most appropriate in meeting the needs of the researcher. The target population for this study was the showrooms of all second hand motor vehicle dealers in Ngong road Nairobi. The instrument used was a Questionnaire as well as an observation guide. The researcher found out that, even though second hand motor vehicle dealers find themselves operating in tough environment both internal and external, they do everything possible to get the odds in their favor, and they often avoid taking unnecessary risks. Successful car dealers also believe in themselves.

Bennet G., Gaya H., Kipchumba J., Percival D., A motor Industry Steered by an Ad – Hoc Policy: Issue no. 8 December 2002, The Budget Focus: A publication of Economic Affairs Budget Information Programme.
Chell, Elizabeth, Jean Haworth, and Sally Brearley (1991). The Entrepreneurial Personality. London, England: Rout-ledge.
Coon, Dennis. (2004). Introduction to Psychology (9th Ed) Minneapolis: West Publishing Company.
Ebbena, Jay; Johnson, Alec (November 2006). "Bootstrapping in small firms: An empirical analysis of change over time". Journal of Business Venturing 21 (6): 851–865. http://linkinghub.elsevier.com/retrieve/pii/S0883902605000662. Retrieved 26 February 2013.
Faida Investment Bank (2009), and CMC Holdings (2009) Equity Market Research on car dealership.http://www.faidastocks.com/documents/FIB
Furnham, Adrian (1992). Personality at Work: The Role of Individual Differences in the Workplace. London, England: Routledge.
Gartner, Wasiam B. (1988). "'Who is an Entrepreneur?' Is the Wrong Question," American Journal of Small Business 12 (Spring), 11-32.
Gartner Wasiam B., Kelly G. Shaver, Elizabeth Gatewood, and Jerome A. Katz (1994). "Finding the Entrepreneur in Entrepreneurship," Entrepreneurship Theory and Practice 18(3), 5-9.
Golden Peggy, Dollinger Mark & Saxton Todd. (1995) "Reputation in small firms," Entrepreneurship Division, National Academy of Management Meetings, Vancouver,
Hisrich, R. D., & Gracher, M. V. (1995). The Russian entrepreneur: characteristics and prescription for success.Journal of Managerial Psychology, 10(2), 3 – 9.
Kenya National Bureau of statistics. (Kenya) (2012), leading economic performance indicators 2012.Nairobi, central bureau of statistics
Kuratko, D.F., & Hodgetts, R.M. (2004). Entrepreneurship: Theory, Process & Practice, Mason, OH;South-Western Publishers.
Kenya auto bazaar association (2012) car sales statistical reports
Landstrom, H. (1998).The Roots of Entrepreneurship Research, Conference proceedings, Lyon,
France, November 26-27
Maina P. (2006). Global Outsourcing: It Works for India, was it Work for Kenya? Business post, June/July 18, 20-21.
Masuo, D., G. Fong, J. Yanagida, and C. Cabal (2001). “Factors Associated with Business and Family Success:A Comparison of Single Manager and Dual Manager Family Business Households.” Journal of Family and Economic Issues, Volume 22, No.1, pp.55-73.
McClelland, D. C. (1961). The Achieving society, NY: D.Van Norstrand Co. Inc, 210-215.
McClelland David Clarence. (1961). The achieving society. New York: The Free Press.
McClelland, David. Clarence., Atkinson, J. W., Clark, R. A., & Lowell, E. L. (1958). Ascoring manual for the achievement motive. In J. W. Atkinson (Ed.), Motives in fantasy, action, and society (pp. 179-204). Princeton, NJ: D.Van Nostrand Company, Inc.
Ndungu M. K. (2006): Sustaining a Competitive Advantage at British Airways World Cargo, (Unpublished MBA Research Project, University of Nairobi).
Ochieng O. (2008): East Africa Standard, The Standard Group, Nairobi, Kenya.
Okun T. D., Hillman J. A, Bragg L. M, (September 2000): ITC Reader Satisfactory Survey: Trade and Industry Summary, Motor Vehicle. Washington D.C
Pearce J. A. II, Robinson Jr, Richard B. (2005): Strategic Management: Formulation, Implementation and Control, 9th Edition, Irwin McGraw-Hill.
Perren, L. (2000). Factors in the growth of micro-entreprise: Exploring the implicarions. Journal of Small Business and Enterprise Development, 7(1), 58 – 68.
Rotter, J.B. (1966). Generalized Expectations For Internal Versus External Control of Reinforcement. Psychological Monographs: General and Applied, 80(1), 1 – 27.
Statistics in used motor vehicle dealers in Europe (2011) retrieved from http://www.carfax.com/
Sexton Darren and Smilor Raymond ( 1986) The Art and Science of Entrepreneurship. Cambridge, Mass: Ballinger Publishing Company.
. Schumpeter Joseph (1934). The Theory of Economic Development Cambridge, MA: Harvard University Press. Sexton Darren and Smilor Raymond (eds) 1997 Entrepreneurship 2000. Chicago: Upstart Publishing Company
Vesper, K.H. (1990). New Venture Strategies. 2nd ed. Englewood Cliffs, NJ: Prentice Hall.
Watson, K., Horgarth-Scott, S., & Wilson, N. (1998). Small business start-ups: Success factors and support implication. Journal of Entrepreneurial Behavior and Research, 4(3), 217 - 238.
Zimmerer, T.W. and Scarborough, N.M. (1998), Essentials of Entrepreneurship and Small Business Management, 2nd edition., Prentice-Hall, Englewood Cliffs, NJ.
Zoltan J. Acs, David B. Audretsch (2010). Handbook of Entrepreneurship Research: An Interdisciplinary Survey and Introduction. Springer.

(Suter & Bwisa, 2013)
Suter, P. N., & Bwisa, H. M. (2013). Entrepreneurial Characteristics that Influence Success Among Second Hand Motor Vehicle Dealers in kenya: a Case Study of Ngong Road Area. International Journal of Academic Research in Economics and Management Sciences, 2(5), 98–110.