Speaking in Dar es Salaam over the weekend, Deputy Minister for Industry, Trade and Investment Stella Manyanya said at the moment there were no business clinics.
“A business is like a human being. It grows and gets ill, so there is a need to establish clinics for traders that will be used to heal their challenges,” she said.
Deputy Minister Manyanya said the government, in collaboration with other stakeholders, was contemplating having such service in the country in order to have sustainable businesses for the development of Tanzania.
She said even industries needed to have such clinics in order to make them operate fully, hence provide more jobs and income to state coffers.
Explaining the reasons behind the failure or collapse of some businesses, she said it was a result of different things.
“Businesses can fail as a result of wars, recession, high taxation, high interest rates, excessive regulations, poor management decisions, insufficient marketing, inability to compete with other similar businesses, or a lack of interest from the public in the business's products or services,” she said.
A study published in 2014 by the Turnaround Management Society in the United Kingdom reveals that most crises are caused by the mistakes of the top management.
Experts say the most prominent causes of a crisis are that the management continues with a strategy that was no longer working for the company (54.6 per cent) and that they lose touch with the market and their customers and do not want to adapt to changes occurring around them (51.6 per cent).
Meanwhile , Manyanya has said that the government will not allow the country to be a dump of counterfeit goods which are harmful to the economy.
She said Tanzania would take stern measures against all unfaithful traders who continue to import counterfeits for their gain.
“The government will leave no stone unturned in dealing with disloyal traders who import counterfeit goods,“ she affirmed.
She also urged manufacturers to continue producing goods of high quality which will attract buyers in local and foreign markets.
Manyanya asked employee working under her ministry to collaborate with other stakeholders in order to attract more investors in the country.
For his part, Acting Director General of the Fair Competition Commission (FCC), Dr John Mduma said during the year 2016/17 the Commission conducted 300 daily inspections at Dar es Salaam port, airport and inland container depots (ICDs).
A total of 8,281 containers were inspected, out of which 182 were seized for containing goods which contravened Merchandise Act 1963 as amended.
Every December 5, Tanzania joins other countries in the world to mark World Competition Day (WCD). The theme for this year’s event was ‘Competition and Disruption.’