Essay --

IntroductionA small and medium enterprise refers to registered business with less than 250 employees (International Finance Corporation, 2011). They control become a study force behind nations economys for this reason. Because of their size, they constitute a large percentage of the organization of the informal sector, although, most players in the informal sector are not registered.Also linked to their size and proportion, they contribute heavily to employment and gross domestic product (GDP). These two features of SMEs have been the focus of developing countries and a major influencer behind developing countries government lobbying, apart from foreign direct investments and aid projects.Entrepreneurship in general has major references and responsibilities within Kenyas economy, and the economy of any nation for that matter (Irungu, 2014). Some of these include Production of goods and servicesEmployment creationIncome generationReduced destitutionIncreased government revenueInfr astructure developmentSome parallels and extensions between these roles, and the roles for SMEs can be drawn therefore to include the following.Employment componentThe first benefit of enterprises is considered to be the revenue generated to the owner of the enterprise. When some individuals are hard pressed by the stresses of urban living, they may turn to starting a business as an alternative source of personal income. This way an SMEs can become to them their main source of finance once it is running and has true a sense of automation. This is important sincelarger firms are constantly downsizing average wages in radioactive decaylimited chances of promotion in emulous job marketlow skills mean low income in the job market li... ...according to the vision 2030 will result I a general decline in poverty as well as increase the gross domestic product of the country. This is a major pillar of the Vision 2030, and so it underlines the role of SMEs.ReferencesInternational Finance Corporation. (2011). Small and Medium Enterprise. Telling Our story, 5(1).Irungu. (2014). Lecture Notes - Role of businesses. Nairobi Daystar University.McIntyre, R. (2001). The Role of Small and Medium Enterprises in Transition ontogeny and Entrapreneurship. Helsinki UNU World Institute for Development Economics Research.OECD. (2004). PROMOTING ENTREPRENEURSHIP AND INNOVATIVE smes IN A GLOBAL ECONOMY TOWARDS A MORE RESPONSIBLE AND INCLUSIVE GLOBALISATION. second OECD CONFERENCE OF MINISTERS RESPONSIBLE FOR SMALL AND MEDIUM-SIZED ENTERPRISES (smes). Istanbul ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT.