In order to do so, a cross-sectional study was conducted using both quantitative and qualitative methods where all eleven industrial units and all three government institutions found inside the IP have participated. Through a non-probabilistic purposive sampling thirty six participants with a 70% response rate have participated in this study. The triangulation of descriptive statistics, binary regression results and interviews have shown that in the case of Bole Lemi IP, the determinants of short term operational performance in Bole Lemi are related to Industrial Park and national business environment and more specifically the high level of labour turnover and the absence of adequately skilled labor force.