Is There a Cost-Effective Means of Training Microenterprises?
Despite billions of dollars spent by policy institutions and academics, very few programs designed to increase managerial skills among microenterprises are cost-effective. This short paper highlights a mentorship program designed to provide managerial skills to Kenyan microenterprises, and it provides a detailed cost-benefit analysis. For each dollar spent on a treated firm, average profit increases by 1.63 USD; the result stems from both a higher program impact and lower cost relative to existing training programs. Motivated by this increased cost-effectiveness, the study then compares the program to the large literature focusing on “supply-side” interventions designed to increase managerial capacity in small firms, and it highlights particular margins on which mentorship improves on classroom training and also where training should focus.
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Published by Oxford University Press on behalf of the World Bank
2020-02
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| Subjects: | MICROENTERPRISE, PRIVATE SECTOR DEVELOPMENT, ENTREPRENEURSHIP, BUSINESS TRAINING, MENTORSHIP, |
| Online Access: | http://hdl.handle.net/10986/36149 |
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dig-okr-10986361492023-08-28T18:56:42Z Is There a Cost-Effective Means of Training Microenterprises? Brooks, Wyatt Donovan, Kevin Johnson, Terence R. MICROENTERPRISE PRIVATE SECTOR DEVELOPMENT ENTREPRENEURSHIP BUSINESS TRAINING MENTORSHIP Despite billions of dollars spent by policy institutions and academics, very few programs designed to increase managerial skills among microenterprises are cost-effective. This short paper highlights a mentorship program designed to provide managerial skills to Kenyan microenterprises, and it provides a detailed cost-benefit analysis. For each dollar spent on a treated firm, average profit increases by 1.63 USD; the result stems from both a higher program impact and lower cost relative to existing training programs. Motivated by this increased cost-effectiveness, the study then compares the program to the large literature focusing on “supply-side” interventions designed to increase managerial capacity in small firms, and it highlights particular margins on which mentorship improves on classroom training and also where training should focus. 2021-08-17T15:29:34Z 2021-08-17T15:29:34Z 2020-02 Journal Article Article de journal Artículo de revista World Bank Economic Review 1564-698X http://hdl.handle.net/10986/36149 World Bank Economic Review CC BY-NC-ND 3.0 IGO World Bank http://creativecommons.org/licenses/by-nc-nd/3.0/igo application/pdf Published by Oxford University Press on behalf of the World Bank |
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biblioteca |
| region |
America del Norte |
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Biblioteca del Banco Mundial |
| topic |
MICROENTERPRISE PRIVATE SECTOR DEVELOPMENT ENTREPRENEURSHIP BUSINESS TRAINING MENTORSHIP MICROENTERPRISE PRIVATE SECTOR DEVELOPMENT ENTREPRENEURSHIP BUSINESS TRAINING MENTORSHIP |
| spellingShingle |
MICROENTERPRISE PRIVATE SECTOR DEVELOPMENT ENTREPRENEURSHIP BUSINESS TRAINING MENTORSHIP MICROENTERPRISE PRIVATE SECTOR DEVELOPMENT ENTREPRENEURSHIP BUSINESS TRAINING MENTORSHIP Brooks, Wyatt Donovan, Kevin Johnson, Terence R. Is There a Cost-Effective Means of Training Microenterprises? |
| description |
Despite billions of dollars spent by policy institutions and academics, very few programs designed to increase managerial skills among microenterprises are cost-effective. This short paper highlights a mentorship program designed to provide managerial skills to Kenyan microenterprises, and it provides a detailed cost-benefit analysis. For each dollar spent on a treated firm, average profit increases by 1.63 USD; the result stems from both a higher program impact and lower cost relative to existing training programs. Motivated by this increased cost-effectiveness, the study then compares the program to the large literature focusing on “supply-side” interventions designed to increase managerial capacity in small firms, and it highlights particular margins on which mentorship improves on classroom training and also where training should focus. |
| format |
Journal Article |
| topic_facet |
MICROENTERPRISE PRIVATE SECTOR DEVELOPMENT ENTREPRENEURSHIP BUSINESS TRAINING MENTORSHIP |
| author |
Brooks, Wyatt Donovan, Kevin Johnson, Terence R. |
| author_facet |
Brooks, Wyatt Donovan, Kevin Johnson, Terence R. |
| author_sort |
Brooks, Wyatt |
| title |
Is There a Cost-Effective Means of Training Microenterprises? |
| title_short |
Is There a Cost-Effective Means of Training Microenterprises? |
| title_full |
Is There a Cost-Effective Means of Training Microenterprises? |
| title_fullStr |
Is There a Cost-Effective Means of Training Microenterprises? |
| title_full_unstemmed |
Is There a Cost-Effective Means of Training Microenterprises? |
| title_sort |
is there a cost-effective means of training microenterprises? |
| publisher |
Published by Oxford University Press on behalf of the World Bank |
| publishDate |
2020-02 |
| url |
http://hdl.handle.net/10986/36149 |
| work_keys_str_mv |
AT brookswyatt isthereacosteffectivemeansoftrainingmicroenterprises AT donovankevin isthereacosteffectivemeansoftrainingmicroenterprises AT johnsonterencer isthereacosteffectivemeansoftrainingmicroenterprises |
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