Graduates and Entrepreneurship in Tanzania: A Literature Review
Millen Kabikile Stima1, Mudiarasan Kuppusamy2
1Millen Kabikile Stima, Faculty of Business Management, Asia Pacific University of Technology and Innovation, Malesiya.
2Mudiarasan Kuppusamy, Faculty of Business Management, Asia Pacific University of Technology and Innovation, Malesiya.
Manuscript received on 05 December 2018 | Revised Manuscript received on 12 December 2018 | Manuscript Published on 26 December 2018 | PP: 402-406 | Volume-8 Issue- 2S2 December 2018 | Retrieval Number: ES2127017519/19©BEIESP
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open-access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: High unemployment rate has continued to be a great concern worldwide, especially in developing countries. Tan zania is facing high unemployment rate while encountering slow economic growth due to low rate of entrants in entrepreneurship. Finding the solution to such main problem within the country, the government opted to encourage graduates to be involved in entrepreneurship by providing entrepreneurial education during their high education level and financial and non-financial resources to individuals that are starting small and medium sized businesses. However, there is a low rate of graduates’ involved in entrepreneurship as the majority opt to be employed by other people or organisations. In this paper, there is further discussion as to some general reasons that discourage or prevent graduates to be involved in entrepreneurship. Furthermore, in aligning to educated individual that need to be encouraged into entrepreneurship, related theories Balanced Scorecard and Life Cycle theory have been included. The two theories can be used to examine why graduates are lacking in the involvement in entrepreneurship, since the balanced scorecard consist of elements that are needed for a business to perform better, whereas those elements have to perform well in life cycle stages for a business to achieve the growth stage and perceived as a successful business.
Keywords: Entrepreneurship, Graduates, Small and Medium Sized Businesses.
Scope of the Article: Information Ecology and Knowledge Management