THE ROLE OF A 24-HOUR ECONOMY ON INDUSTRIALIZATION: A CASE STUDY OF SELECTED MICRO AND SMALL ENTERPRISES (MSES) IN NAIROBI COUNTY
THE ROLE OF A 24-HOUR ECONOMY ON INDUSTRIALIZATION: A CASE STUDY OF SELECTED MICRO AND SMALL ENTERPRISES (MSES) IN NAIROBI COUNTY
Geofry Ongeri Ondimu
ABSTRACT
This research investigates the role of a 24-hour economy in driving industrialization, with a focus on Micro and Small Enterprises (MSEs) in Nairobi County, Kenya. The study delves into the potential effects of extended operating hours on MSE productivity, employment generation, and innovation, while also identifying barriers for MSEs in adapting to a 24-hour economy. Drawing on a comprehensive literature review, theoretical frameworks, and a cross sectional descriptive survey research approach, the study aims to provide insights for policymakers, businesses, and academic communities. Key findings from the literature review highlight the transformative potential of 24-hour economies in stimulating economic activity and fostering innovation, particularly within urban contexts. Theoretical frameworks such as Innovation Diffusion Theory, Resource-Based View (RBV) Theory, and Ecological Systems Theory provided analytical lenses for understanding the dynamics of MSE engagement in a 24-hour economy. The research methodology employs a cross sectional descriptive study design, incorporating qualitative data collection methods such as interviews, observations, and document analysis. Stratified random sampling ensures proportional representation of MSEs across different sectors within Nairobi County. Descriptive statistics, comparative analysis, and regression techniques are utilized to assess the impact of extended operating hours on MSE productivity, employment, and innovation. The study finds out that extending Operating Hours has a positive impact on MSE Productivity and employment levels, hence contributing positively to industrialization. The study also identified lack of demand of goods or service, difficulty in managing labour and compliance with regulation as the major barriers to a 24hour economy adaptation. The study's findings offer insights into the nuanced experiences and perspectives of MSEs in navigating the transition to a 24-hour economy. It identifies key drivers and challenges for MSEs, including workforce management and regulatory constraints Policy recommendations are provided to support MSEs in leveraging the opportunities presented by a 24-hour economy while addressing associated challenges. In conclusion, this research contributes to a deeper understanding of the role of a 24- hour economy in promoting industrialization, particularly within the context of MSEs in Nairobi County. Future research directions include longitudinal studies, sectoral analysis, and qualitative investigations to further explore the implications of transitioning to a 24-hour economy on urban economic development.
