POLITICAL FACTORS INFLUENCING ENTREPRENEURIAL ATTITUDES AND OPPORTUNITIES

 1. Political climate

Political instability has affected different regions in Uganda for the last 40 years.

It robbed Uganda of many entrepreneurs and more entrepreneurs have lost life time savings and business assets while others have been forced to close.

Nowadays, Uganda’s political state has stabilized giving potential entrepreneurs an opportunity.

2. Government policy of taxation and subsidization policies which increase

legitimacy, stimulate demand, or grant subsidies to entrepreneurs increase the organizational founding rate.

On the other hand, very high taxes also serve to discourage potential entrepreneurs.

3. Size of government expenditure

High level of government expenditure in health, education or defense encourages many entrepreneurs to emerge and respond to the opportunity.

However, the bulk of Uganda’s government monetary and fiscal policies are aimed at appeasing donor agencies and multi-lateral financial institutions at the expense

of business in general. These policies have not been in favour of local entrepreneurs.

However, different interventions from the private sector (PSFU) and business associations have been considered and conducive policies are yet to be passed.

4. Government institutions and departments

Government institutions that are insensitive, i.e have little qualification and understanding the importance of business information, limit entrepreneurs’ access to these institutions as support mechanisms or potential clients. Moreover, arbitrary interpretation of regulations by officials has cost many entrepreneurs much time and money.

5. Political and religious refugees

Negative displacements resulting from loss of jobs, wars and closing of firms have been related to increased organizational founding rates. Individuals faced with displacements in their lives sometimes make a change and this change is often to form an organization.

6. Legal environment

Many laws in Uganda are so weak that those existing are almost impossible to implement. Therefore the existing legal system may not favour entrepreneurship development (law on counterfeits not well implemented, copy right, patent right, e.t.c)

Comments

Post a Comment

Popular posts from this blog

ROCK CYCLE - DEFINITION

  Rock cycle is the cycle in which rocks tend to change from one type to another. For instance, igneous rocks may change to metamorphic rocks or sedimentary rocks; sedimentary rocks to metamorphic or igneous rocks, etc. It is a relationship in which rocks tend to change from one type of rock to another.   Necessary conditions for rock cycle to take place First, the molten rocks are erupted from the interior of the earth and then cool and solidify to form igneous rocks. Secondly, the igneous rocks are subjected to denudation process to form sedimentary rocks. Third, either igneous or sedimentary rocks undergo metamorphism, due to prolonged heat and pressure, to form metamorphic rocks. Fourth, metamorphic or igneous rocks can undergo weathering process through erosion and transportation of sediments which are further deposited in layers in the ocean or lake floors where they are cemented and consolidated to form sedimentary rocks and vice versa. 5. Fifth, metamorphic or s...
Read more

5 METHODS OF MAINTAINING SOIL FERTILITY AND QUALITY

Image
  Soil conservation refer to measures that are taken to protect the soil from destruction . The main measures that are taken to conserve soil include maintaining soil fertility and quality, preventing soil loss or erosion, and preserving the soil. Maintenance of soil fertility and quality; The natural richness and fertility and richness of the soil should be maintained in order to ensure continued soil productivity. This can be achieved in the following ways. Crop rotation this involves changing the crops planted on the farm, by alternatively planting leguminous plants such as beans with other crops such as maize to maintain nitrogen level in the soil Mixed farming this involves planting crops and rearing animals on the same farm. mixed farming is important in maintaining soil fertility because the remains of crops are used to feed livestock while cow dung and other animals excrete are used as fertilizers for crops in the farm Mulching mulching is the act of covering the farm wi...
Read more

5 TYPES OF HUMAN ACTIVITIES

Image
  Human activities are functions, tasks, or works done by human beings over time for achieving certain purposes. In total there are five types of human activities namely primary human activities, secondary human activities, tertiary human activities, quaternary human activities, and quinary human activities. These types of human activities together with their examples are going to be explained one by one below. The following are five types of human activities Primary human activities are human activities that involve extracting raw materials directly from the earth. Examples of primary activities are farming, fishing, lumbering, and livestock keeping. Secondary human activities these are human activities that involve the processing of raw materials into useful products. These activities involve converting raw materials into finished products and are mainly performed in urban areas. they accelerate the development of primary activities because they provide the market for products fr...
Read more