NAME: MARIM G JOSEPH

REGISTRARION NUMBER: 23050513042

COURSE: COMPUTER SCIENCE

SIGNATURE………………………..

Questions

Read intensively and extensively the Tanzania SMEs policy (2003) and do the following:

1. Write brief but straight forward summary of key issues in the given policy (use only one page
with only seven paragraphs)

2. Explain how the given policy related to:

A. Conceptualization of entrepreneurship (use one paragraph with only six sentences).

B. Types of entrepreneurship or entrepreneurs (use one paragraph with only six sentences).

C. Business opportunities in Tanzania (use one paragraph with only six sentences).

D. Business development in Tanzania (use one paragraph with only six sentences).
1. A number of important issues are addressed in the Tanzania Small and Medium Enterprises
(SMEs) Policy of 2003 with the goal of promoting the expansion and advancement of small and
medium-sized enterprises within the nation. First, the policy offers a precise framework for
focused assistance by defining and categorizing SMEs. It acknowledges the diversity of these
businesses by taking into account variables like annual turnover and employment size.

Second, expanding SMEs' access to financing is given a lot of attention. The policy delineates
strategies like venture capital funds and credit guarantee programs aimed at augmenting the
stability and financial assistance provided to entrepreneurs. This is essential to supporting SMEs'
growth and formation.

Thirdly, the policy places a strong emphasis on developing skills and capacity. Acknowledging
the value of having a skilled workforce, it encourages workshops and training programs to
improve the technical, managerial, and entrepreneurial skills of SME owners and staff.

Fourth, the policy's main pillars are innovation and technology. In order to improve the
competitiveness and sustainability of SMEs in a business environment that is changing quickly,
it promotes the adoption of contemporary technologies, research and development, and
innovation.

The policy's fifth main point is market access and connections. It seeks to increase SMEs' access
to markets, link them to larger businesses, and integrate them into value chains. The goal of this
strategy is to increase SMEs' market presence and visibility.

The regulatory environment is discussed in the sixth place. The goal of the program is to create a
more hospitable regulatory environment for SMEs to operate in by streamlining processes and
lowering administrative barriers.

Finally, the policy includes a strong monitoring and evaluation system to continuously gauge the
effectiveness of its initiatives. Frequent evaluations guarantee that the policy continues to be
flexible and sensitive to shifting market circumstances, supporting Tanzania's small and medium-
sized enterprise (SME) sector's ongoing growth.
2. A.The 2003 Tanzania SMEs Policy, which emphasizes inclusive assistance and acknowledges
the diversity of firms. It acknowledges the fundamental role that funding plays in supporting a
range of entrepreneurial ventures. The emphasis on skill development and capacity building is a
reflection of the entrepreneurial value placed on adaptation and ongoing learning. The policy's
support of technological innovation. It also support adoption speaks to the spirit of
entrepreneurship by encouraging originality and forward thinking. The availability of market
access and connections recognizes the interdependence of enterprises.

2. B.It addresses the needs of necessity-driven entrepreneurs by providing clear classifications

and support measures. They emphasis on access to finance supports both start-ups and existing
businesses. They emphasis accommodating entrepreneurs at various stages of development. The
focus on capacity building and skills development aligns with skills-driven entrepreneurship. The
encouragement of technology adoption. Encouraging innovation supports entrepreneurs seeking
to introduce novel solutions and enhance competitiveness.

2. C.The policy lays the foundation for focused company growth by identifying particular sectors
that are ready for development. Setting a high priority on financing access helps entrepreneurs
overcome a major obstacle. The focus on innovation and technology is in line with changing
business trends, giving businesses the chance to implement cutting-edge solutions. International
trade networks, the emphasis on market access and linkages encourages corporate growth. A
responsive strategy is ensured by the policy's dedication to monitoring and evaluation. Is
continuously refined to capitalize on changing economic landscapes and sustainably drive
business prospects in Tanzania.

D. By recognizing the diverse contributions of Small and Medium Enterprises (SMEs).Providing

a tailored framework, the policy supports businesses at different developmental stages. Its
emphasis on improved access to finance addresses a critical hurdle for entrepreneurs. The focus
on capacity building and skills development underscores the importance of a skilled workforce,
crucial for sustainable business development. Furthermore, the policy's promotion of technology
adoption and innovation aligns with global business trends. The policies enhance the
competitiveness of Tanzanian businesses on the international stage.