In order to encourage small business units to come together to form larger business units, therefore, PEF required the services of a consultant to study why small businesses do not pool resources
' together to form larger business units, draw up lessons from successful and unsuccessful business partnerships, and develop an Action Plan for PEF to implement in encouraging partnerships.
Objectives of the study
From an analysis of the Terms of Reference the primary objectives of the study are as follows: Determine why there is a prevalence of small local businesses.
Find out why existing small businesses are unwilling to pool their resources together in partnerships to form larger businesses, given the benefits of better funding, management expertise and technology.
Identify successful and unsuccessful cases of partnerships, determine causes or reasons behind success or failure, spell out lessons from a study of these cases as a basis for developing an Action Plan/Programme for PEF to implement step-by-step in encouraging partnerships among business units for better performance.
Develop a Draft Action Plan for PEF to implement a programme for encouraging small businesses to form larger business units.
Organize a forum of business operators to present the Draft Report of Study Findings and Draft Action Plan, facilitate discussions and solicit recommendations and comments to be incorporated in the Study Final Report and Action Plan.
Prepare and submit the Study Final Report and Action Plan for PEF to implement step
by-step in encouraging small businesses to form partnerships in larger businesses.