Impact of Entrepreneurial Performance of Small Medium Hotels; the Basis for Industrial Clusters in Western Region of Ghana

Abstract

This study talks about entrepreneurial performance of small medium hospitality industry and
the impact it will bring to Western Region of Ghana if the hotel industry is clustered.
Although there is an increase in knowledge that Small Medium Enterprises are centre of
every industrial improvement, systematic plan of action aimed at supporting the SMEs have
most often fail. Successful stories about SMEs exist but are rare and this causes pauses for
concern. Many researchers have established that industry cluster brings several benefits effect
in countries that are industrialized. The table indicates that the respondents totally agree that
an entrepreneur performance is better in relation to one’s determination to achieve, good
customer service, initiative ability, possess no fear of failure attitude, cope comfortably with
new situations and strong emphasis on the marketing of tried and true products and services
are some of the strength of an entrepreneurs in Western Region. The study further revealed
that, with a significant value of 0.00 at 5% significance level, the dependency of being able to
recover one’s start-up money on the source of the start-up money is justified. Therefore,
taking into consideration the benefit associated with industry cluster, hospitality industries in
Western Region stand to gain if cluster policies are implemented.