Risks and investment in the provision of entreprenuership training: a case study of training providers in Nairobi

Abstract

The study was conducted with the objective of determining the perceived risks associated with the training provision of entrepreneurship training in Kenya. The study also sought to determine the relationship between perceived risks and investment decision in the provision of entrepreneurship training. To achieve the above objectives, primary data was collected from 38 training providers in Nairobi. The information was collected using questionnaires completed by each of the 38 training providers. The drop and pick method was used to collect the questionnaires. The data from 38 training providers was analyzed to determine the relationship between perceived risks and investment decision in the provision of entrepreneurship training. The data was presented using tables and percentages; Spearman's rank order correlation was used to test for the significance of the relationship between the level of risks and the level of investment in entrepreneurship training. The results revealed higher correlations between the perceived risks and investment decision in provision of entrepreneurship training.

The findings from data analysis led to the following conclusions: 1) There exists a strong positive relationship between perceived risks and investment in the provision of entrepreneurship training. This means that the higher the risks, the more unwilling the training providers would be to invest in entrepreneurship training. 2) The identified risks in the provision of entrepreneurship training include K.I.R.D.l's failure to supervise training, poor attendance by the trainees, the forced search for participants by K.I.R.D.I after the training so that the trainees could be interviewed on their perception of training, the government's favouritism towards some training providers, long redemption process on training providers when redeeming their money and also long authorization procedures involving many documents. The above risks greatly discouraged the training providers from undertaking investment in entrepreneurship training.