From scratch to excellence: a case of SPE company limited
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Date
2007
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Sokoine University of Agriculture
Abstract
This research paper presents a case study of a private company called Skilled and
Professional Entrepreneurs limited .The case study focuses on starting of the
company, performance assessment, challenges and experience. It brings practical
experience of two MBA- students of Sokoine University of Agriculture on starting
and operating a firm from the stage of initiating the idea, taking off, operating and
achieving
successful
performance.
The
case
study
first
describes
the
company’s background showing the origin of the company, composition of
company’s board of directors including their education background and experiences,
and the way in which the company flagship project was successfully achieved with
regard to the mobilization of financial resources, planning and implementation. The
study assesses the company’s performance in terms of production, sales, sourcing
and use of financial resources, effectiveness of processing technology, material
quality, energy consumption efficiency, processing time, raw material percentage
purity and input out ratio as production performance parameters. The sales of
4,800,000/ were attained by selling 16 tones of gypsum powder and total net assets
value increases from 10,499,000/= to 11,599,100/= from the start of operation in July
2006 to the end of year 2006, respectively. The case study cited
extremely high
demand of enterprise products, low operating and working capital and seasonal
availability of raw materials as company challenges ahead. Lastly, the case study
revealed that the experience on stalling, operating and managing small business is
based on accumulating practical business experience and insights, anticipating
problems and developing a better response capability. Starting a business is like a
man's profile from pregnancy to fully matured person, where initiation stage equals
pregnancy, taking off equals child birth, being in operation equals growth and
attaining excellence in performance equals person fully matured stage.
Description
Masters of Business Administration in Agribusiness
Keywords
Entrepreneurs, Private company, Firms