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An entrepreneurial framework for new venture property development projectsAbrey, Mark Henry Shaw January 2015 (has links)
The business of real estate is one of the largest suppliers of employment, and contributes significantly to the gross domestic product of numerous countries worldwide. It is, therefore, imperative that new real estate development entrepreneurs entering the market identify key competitiveness indicators in order to survive and ensure their success within an ever-changing market. However, property development is a complex process and considered to be 'too risky' Consequently, property development entrepreneurs lack the skills and expertise to effectively manage their business enterprises and the associated risks from project inception to completion, and commissioning. The study was conducted by means of a review of the related literature and by conducting an empirical study. The empirical study was conducted using a quantitative statistical approach by distributing research questionnaires to members falling within the sample population. The primary objective of the study was to develop an entrepreneurial framework for perceived success of new venture property development projects. A descriptive survey was conducted among professionals registered with the South African Property Owners Association (SAPOA) and property development practitioners within South Africa. The salient findings suggest that the following variables positively influence the perceived success of new venture property development projects: Entrepreneurial vision; Strategic management; Stakeholders‘ interests; Professional feasibility and viability reporting; Procurement; Communication; Consumer confidence; Risk management; Governance structures; Specialist advice; The entrepreneurial framework, and The project management body of knowledge (PMBOK). Furthermore, the following variables were identified in the empirical framework affecting the perceived success of new venture property development projects: Entrepreneurial Vision; Strategic Management; Stakeholders‘ Interest; Professional Feasibility and Viability Reporting; Procurement; Communication; Consumer Confidence; Risk Management; Governance Structures; Specialist Advice, and The Project Management Body of Knowledge (PMBOK). This study contributed to the South African property development body of knowledge by addressing the challenges faced by inexperienced entrepreneurs entering the property development market. Furthermore, this study aimed to improve the framework utilised by emerging property developers.
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The impact of the implementation of government policy on the spatial distribution of emerging farmers in the Mopani district in the Limpopo province of South AfricaMamabolo, Makhudu Edward 08 1900 (has links)
Agriculture plays a major role in development, as it creates jobs, develops the
economy and reduces poverty. An important drawback in agriculture in South Africa
is access to agricultural land and other agricultural resources by African farmers.
Many African farmers still own small units of land, which are still mostly used for
subsistence farming. These racial inequalities in the agricultural sector date back to
colonial and apartheid eras. During the apartheid era, government policies
separated white farmers from black farmers resulting in an unequal spatial
distribution of farming and development in the country. The post-apartheid
government that came into power in 1994 was committed to the eradication of racial
legislation and implemented new agricultural policies. Twenty years later many
inequalities still exit within the agricultural sector. There is a need to investigate the
social and spatial inequalities in the emerging farming section. Since the Limpopo
province is one of the poorest provinces in South Africa, consisting of large areas
of former homelands, the aim of this research is to investigate and describe the
impact of the implementation of agricultural policies on the spatial distribution of the
emerging farming sector in the Mopani District of the Limpopo province.
This research was done within the framework of the post-modernism paradigm. The
study used mostly qualitative data but some quantitative data and methods were
also used. Primary data was collected from sampled emerging farmers in the
Mopani district, some officials from the local municipality and one provincial official.
Evidence from analysed data indicated that the uneven spatial distribution of farms
still exists despite numerous policies and programmes implemented by government
through its provinces, and local and district municipalities. Structurally there is a lack
of proper coordination, inadequate provision of both human and material resources,
monitoring and evaluation of the implementation of policies and programmes are
some contributory factors. It is recommended that policies be implemented that
strategically target investment and infrastructural development to reduce poverty,
unemployment and uneven spatial distribution of farms in the Mopani district
municipalities in the Limpopo province. / Geography / 1 online resource (xvi, 128 leaves) : color maps / D. Phil. (Geography)
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