Spelling suggestions: "subject:"small businesseswas."" "subject:"small business:taiwan.""
1 |
Survival analysis of SMMEs in BotswanaMannathoko, Bame Joshua January 2011 (has links)
This study investigates the factors influencing survival of micro enterprises funded by the Department of Youth in Botswana. Data drawn from 271 business ventures established between the years 2005 and 2009 was analysed by using the Cox proportional hazards model (CPHM), a survival analysis technique. Results from the analysis suggest that businesses operated by younger owners endure a higher risk of failure in comparison to businesses owned by older entrepreneurs while firm size at start-up was also a significant determinant of survival. As a component of human capital, a personal contribution to the start-up capital and prior employment experience were also found to be significant predictors of business survival. Regarding gender of the business owner, the claim that female operated businesses face a higher probability of failure when compared to businesses run by males was not supported by the study results. The amount of funding from the DOY at start-up was found not to have any influence on the survival or failure outcomes for the business projects. Based on these findings, certain policy implications can be deduced. This study recommends that policy makers focus more on human capital requirements of beneficiaries of government business development initiatives as well as entrepreneur contribution to start-up capital in order to increase the success rate of the business ventures. In addition, the capacity to perform continuous monitoring and mentoring of government funded businesses ventures, particularly SMMEs, should be increased within the relevant departments or alternatively outsourcing of the requisite skills should be considered. Lastly, recommendation to replicate this research, at a larger scale in future is proposed.
|
2 |
Adequacy of project based financial management systems of small and medium construction enterprises in BotswanaSsegawa-Kaggwa, Joseph 10 1900 (has links)
The thesis documents findings of a study conducted to develop a project based financial
management system (PBFMS) whose role was viewed as a contributor to the successful
delivery of projects leading to improved financial performance of small and medium
construction enterprise (SMCEs). In particular, the PBFMS was viewed as a facilitator
{function) for the efficient and effective conduction of the strategic management, project
planning and control processes. Thus an adequate PBFMS was seen as one which, facilitates
the efficient and effective delivery of projects with a view to provide enhanced enterprise
performance. In pursuit of this aim, theory and practices relating to the development, operation
and use of a PBFMS were investigated and analysed from both literature and field work
leading to findings being reported in the thesis. In addition, the actual financial management
systems of SMCEs were investigated to determine the extent to which their attributes match
those of the proposed PBFMS model.
The motivation for embarking on the study was brought about by three aspects observed in
Botswana. Firstly, was the frequently documented poor delivery of projects, that is, for a
sustained period of time, projects were being delivered beyond stipulated times, above agreed
cost, and below specified quality. In some worst scenarios, projects were being abandoned at
various stages execution but before completion. Secondly, the investigation was also prompted
by the frequent financial failures of enterprises that were being recorded in the construction
industry. Thirdly, the conduct of the proprietors of the construction enterprises was also
frequently circumspect, particularly in matters relating to financial management.
Thus in pursuing the study, a number of premises were made. Firstly, the financial
management systems of the SMCEs were considered inadequate to fulfil their functions, that
is, they were incapable of facilitating the strategic management, project planning and control
process. It was also speculated that management of SMCEs were not committed to the
PBFMS i.e. they did not participate, get involved and did not comply with the policies
regarding the planning, developing, and operation of financial management systems. As a
result, PBFMS were unable to play their role of facilitating to the successful delivery of
projects for improved contribution to the financial performance of SMCEs. The second
premise was that financial models available are either too generic to guide SMCEs in financial
management matters or the strategic component is not linked to the operational plans to
execute the strategy. For those which are meant for construction enterprises, they normally
prescribe practices for project planning and control without including the strategic element and
vice versa. In essence there is a gap in each of the models available for use by the SMCEs. It is
the closing of this perceived gap in knowledge that the results of the thesis contribute in
finding a solution to the mentioned problem. Thus the study aimed at answering two research
questions: (i) Do SMCEs have adequate PBFMS that facilitate the effective delivery of
projects for enhanced financial performance? and (ii) Is there a relationship between the
adequacy PBFMS and poor performance of SMCEs? To facilitate the answering of these two
question two hypothesis were formulated namely: Hoi: The PBFMS of SMCEs are adequate
to facilitate the delivery of projects; and Ho2: The adequacy of the PBFMS is positively
correlated with the performance of SMCEs. To test the two questions a research process was
planned and executed in several steps.
Firstly, a survey strategy using the questionnaire was selected as the most appropriate method
to provide a snap shot of the existence of attributes of PBFMS and to investigate associated
practices relating to their development and operation. The method was considered more
appropriate and effective in gathering large data in a short space of time in line with the
doctoral time framework. Construction enterprises registered with Public Procurement and
Asset Disposal Board (PPADB) for building and civil work in classes A, B, C and D were
surveyed. The internal quantity surveyor, estimator or accountant were requested to respond
on matters relating PBFMS on behalf of the SMCEs. The sampling frame from which the
SMCEs considered for study were obtained from the two government departments which work
closely with PPADB, the Department of Building and Engineering Services (DBES) and
Department of Roads (DR). The sample sizes for each group category (small and medium)
were determined using Krajcie and Morgan (1970) table. Stratified and systematic random
sampling was used to select the identity of the members to form a sample fro study from the
sampling frame. The second step was to design the questionnaire to probe the three aspects
identified as constituting the PBFMS namely the strategic management; project planning and
control; and management commitment. Essentially the questionnaire sought to investigate the knowledge, tools, techniques, practices, opinions and attitudes of those who design, develop,
operate and use the PBFMS in the SMCEs. To ensure a high quality design, the questionnaire
was given to experts in the subject area to provide some comments on its suitability and was
also piloted on four enterprises. Data collected was analysed using mainly the SPSS software
and involved application of various statistical techniques including cross-tabs, ratio analysis, ttests
and correlational tests.
A total of 101 completed questionnaires were received, made up of 55% and 46% small and
medium enterprises, respectively. The demographic profile of SMCEs confirmed some of the
expected results, for example, majority (59%) of the respondents were owner/managers
confirming the dominance of the owner in SMCEs. Majority of SMCEs (59%) were more than
9 years old, with medium enterprises being more mature (60% older than 9 years) than the
small sized enterprises (49% older than 9 years). Majority (56%) of SMCEs had 10 or more
employees, with medium sized enterprises having more employees (75% with 10 or more)
than the small sized enterprises (42% with 10 or more). SMCEs performed more of building
work alone (48%) than both building and civil work (48%) or maintenance (11%) and no
enterprise performed civil work (0%) alone. Majority of SMCEs (65%) acted as main
contractors as opposed to sub-contractors, though as expected sub-contracting was seen more
in small (20%) than medium (10%) enterprises. Lastly, the public sector (central and local
authorities) provided majority (65%) of the SMCEs jobs. However, if parastatals which are
wholly owned by government were added, the public sector job market adds up to 73%
(65%+8%).
The testing of the major two major hypothesis resulted in the following conclusion. The
results indicated that the first hypothesis was supported, that is, in a majority of SMCEs
operating in Botswana the PBFMS were found to be adequate in facilitating the delivery
of projects. The results were therefore not in agreement with the basic premise made at the
commencement of the study. In view of the finding, it suggests that SMCEs in Botswana have
adequate systems that support the efficient and effective project planning and control.
Secondly, management is committed to the 'welfare' of the PBFMS in terms of complying
and supporting their development and operation. However, like any human endeavour, there are weaknesses in the PBFMS, for example, they were found inadequate in facilitating the
strategic management process, including lack of linking the process to the operational process
in order to execute the strategy. They were also found weak in one of the most crucial process
of project management; that of project control.
The second major investigation showed a weak link between the adequacy of a PBFMS
and performance. Secondly, the results also indicated that the SMCEs which had
adequate PBFMS performed better than their counterparts. The first results were not
surprising since the cause of poor performance were shown as three pillars (business
environment, client/representatives and enterprise factors). However, the second results
emphasise that SMCEs with adequate PBFMS posted better performance than their
counterparts with inadequate systems. In this way the role of PBFMS in contributing to better
performance was illustrated by the results.
Some recommendations are proposed resulting from the findings and how to achieve a deeper
understanding of the subject. Firstly, SMCEs should pay more attention to matters pertaining
to strategic management to ensure a long-term view of their enterprises. Secondly, when a
strategic plan is developed, it must be implemented through operational plans as a means of
executing the strategy. Thirdly, concerted effort should made in ensuring that the projects are
controlled as it is the only way to achieve sustained profitability and satisfied customers.
Fourthly, as a way of providing a deeper understanding of the subject, it is suggested a
longitudinal study could be undertaken to yield a more encompassing investigation than a
cross sectional study which captured only one business cycle of the industry (down turn).
Lastly, the study could be replicated in another industry with a similar profile like the
construction industry in Botswana, for example, Namibia or/and the study could include large
enterprises to provide means of comparing the different profiles of enterprises. / Business Management / D. B. L.
|
3 |
Adequacy of project based financial management systems of small and medium construction enterprises in BotswanaSsegawa-Kaggwa, Joseph 10 1900 (has links)
The thesis documents findings of a study conducted to develop a project based financial
management system (PBFMS) whose role was viewed as a contributor to the successful
delivery of projects leading to improved financial performance of small and medium
construction enterprise (SMCEs). In particular, the PBFMS was viewed as a facilitator
{function) for the efficient and effective conduction of the strategic management, project
planning and control processes. Thus an adequate PBFMS was seen as one which, facilitates
the efficient and effective delivery of projects with a view to provide enhanced enterprise
performance. In pursuit of this aim, theory and practices relating to the development, operation
and use of a PBFMS were investigated and analysed from both literature and field work
leading to findings being reported in the thesis. In addition, the actual financial management
systems of SMCEs were investigated to determine the extent to which their attributes match
those of the proposed PBFMS model.
The motivation for embarking on the study was brought about by three aspects observed in
Botswana. Firstly, was the frequently documented poor delivery of projects, that is, for a
sustained period of time, projects were being delivered beyond stipulated times, above agreed
cost, and below specified quality. In some worst scenarios, projects were being abandoned at
various stages execution but before completion. Secondly, the investigation was also prompted
by the frequent financial failures of enterprises that were being recorded in the construction
industry. Thirdly, the conduct of the proprietors of the construction enterprises was also
frequently circumspect, particularly in matters relating to financial management.
Thus in pursuing the study, a number of premises were made. Firstly, the financial
management systems of the SMCEs were considered inadequate to fulfil their functions, that
is, they were incapable of facilitating the strategic management, project planning and control
process. It was also speculated that management of SMCEs were not committed to the
PBFMS i.e. they did not participate, get involved and did not comply with the policies
regarding the planning, developing, and operation of financial management systems. As a
result, PBFMS were unable to play their role of facilitating to the successful delivery of
projects for improved contribution to the financial performance of SMCEs. The second
premise was that financial models available are either too generic to guide SMCEs in financial
management matters or the strategic component is not linked to the operational plans to
execute the strategy. For those which are meant for construction enterprises, they normally
prescribe practices for project planning and control without including the strategic element and
vice versa. In essence there is a gap in each of the models available for use by the SMCEs. It is
the closing of this perceived gap in knowledge that the results of the thesis contribute in
finding a solution to the mentioned problem. Thus the study aimed at answering two research
questions: (i) Do SMCEs have adequate PBFMS that facilitate the effective delivery of
projects for enhanced financial performance? and (ii) Is there a relationship between the
adequacy PBFMS and poor performance of SMCEs? To facilitate the answering of these two
question two hypothesis were formulated namely: Hoi: The PBFMS of SMCEs are adequate
to facilitate the delivery of projects; and Ho2: The adequacy of the PBFMS is positively
correlated with the performance of SMCEs. To test the two questions a research process was
planned and executed in several steps.
Firstly, a survey strategy using the questionnaire was selected as the most appropriate method
to provide a snap shot of the existence of attributes of PBFMS and to investigate associated
practices relating to their development and operation. The method was considered more
appropriate and effective in gathering large data in a short space of time in line with the
doctoral time framework. Construction enterprises registered with Public Procurement and
Asset Disposal Board (PPADB) for building and civil work in classes A, B, C and D were
surveyed. The internal quantity surveyor, estimator or accountant were requested to respond
on matters relating PBFMS on behalf of the SMCEs. The sampling frame from which the
SMCEs considered for study were obtained from the two government departments which work
closely with PPADB, the Department of Building and Engineering Services (DBES) and
Department of Roads (DR). The sample sizes for each group category (small and medium)
were determined using Krajcie and Morgan (1970) table. Stratified and systematic random
sampling was used to select the identity of the members to form a sample fro study from the
sampling frame. The second step was to design the questionnaire to probe the three aspects
identified as constituting the PBFMS namely the strategic management; project planning and
control; and management commitment. Essentially the questionnaire sought to investigate the knowledge, tools, techniques, practices, opinions and attitudes of those who design, develop,
operate and use the PBFMS in the SMCEs. To ensure a high quality design, the questionnaire
was given to experts in the subject area to provide some comments on its suitability and was
also piloted on four enterprises. Data collected was analysed using mainly the SPSS software
and involved application of various statistical techniques including cross-tabs, ratio analysis, ttests
and correlational tests.
A total of 101 completed questionnaires were received, made up of 55% and 46% small and
medium enterprises, respectively. The demographic profile of SMCEs confirmed some of the
expected results, for example, majority (59%) of the respondents were owner/managers
confirming the dominance of the owner in SMCEs. Majority of SMCEs (59%) were more than
9 years old, with medium enterprises being more mature (60% older than 9 years) than the
small sized enterprises (49% older than 9 years). Majority (56%) of SMCEs had 10 or more
employees, with medium sized enterprises having more employees (75% with 10 or more)
than the small sized enterprises (42% with 10 or more). SMCEs performed more of building
work alone (48%) than both building and civil work (48%) or maintenance (11%) and no
enterprise performed civil work (0%) alone. Majority of SMCEs (65%) acted as main
contractors as opposed to sub-contractors, though as expected sub-contracting was seen more
in small (20%) than medium (10%) enterprises. Lastly, the public sector (central and local
authorities) provided majority (65%) of the SMCEs jobs. However, if parastatals which are
wholly owned by government were added, the public sector job market adds up to 73%
(65%+8%).
The testing of the major two major hypothesis resulted in the following conclusion. The
results indicated that the first hypothesis was supported, that is, in a majority of SMCEs
operating in Botswana the PBFMS were found to be adequate in facilitating the delivery
of projects. The results were therefore not in agreement with the basic premise made at the
commencement of the study. In view of the finding, it suggests that SMCEs in Botswana have
adequate systems that support the efficient and effective project planning and control.
Secondly, management is committed to the 'welfare' of the PBFMS in terms of complying
and supporting their development and operation. However, like any human endeavour, there are weaknesses in the PBFMS, for example, they were found inadequate in facilitating the
strategic management process, including lack of linking the process to the operational process
in order to execute the strategy. They were also found weak in one of the most crucial process
of project management; that of project control.
The second major investigation showed a weak link between the adequacy of a PBFMS
and performance. Secondly, the results also indicated that the SMCEs which had
adequate PBFMS performed better than their counterparts. The first results were not
surprising since the cause of poor performance were shown as three pillars (business
environment, client/representatives and enterprise factors). However, the second results
emphasise that SMCEs with adequate PBFMS posted better performance than their
counterparts with inadequate systems. In this way the role of PBFMS in contributing to better
performance was illustrated by the results.
Some recommendations are proposed resulting from the findings and how to achieve a deeper
understanding of the subject. Firstly, SMCEs should pay more attention to matters pertaining
to strategic management to ensure a long-term view of their enterprises. Secondly, when a
strategic plan is developed, it must be implemented through operational plans as a means of
executing the strategy. Thirdly, concerted effort should made in ensuring that the projects are
controlled as it is the only way to achieve sustained profitability and satisfied customers.
Fourthly, as a way of providing a deeper understanding of the subject, it is suggested a
longitudinal study could be undertaken to yield a more encompassing investigation than a
cross sectional study which captured only one business cycle of the industry (down turn).
Lastly, the study could be replicated in another industry with a similar profile like the
construction industry in Botswana, for example, Namibia or/and the study could include large
enterprises to provide means of comparing the different profiles of enterprises. / Business Management / D. B. L.
|
4 |
Factors affecting the growth of micro and small manufacturing enterprises in BotswanaMoaisi, Dulu 12 1900 (has links)
Thesis (MBA)--Stellenbosch University, 2005. / ENGLISH ABSTRACT: Micro and small manufacturing enterprises are linked to the reduction of poverty,
unemployment, economic revamping and diversification of economic activities that add
value. Previously, government policies totally excluded MSEs, in favour of large
industries, which for now, in most countries have not been able to meet economic
objectives. Realising the contribution advanced by MSEs, countries have come up with
attempts to have well-established small industry sectors. Governments in different
countries have started to develop strategies and modalities to develop, strengthen, and
sustain the sector.
In general terms the MSE manufacturing sector is characterised by a number of
constraints, for example lack of capital, lowly educated entrepreneurs, non-availability of
skills, and technological know-how. As such countries are faced with a daunting task of
addressing these constraints to promote the MSE sector. The Botswana government,
like other countries, has had policies and initiatives since 1982 to support the sector.
This is due to the fact that the country embraces the fact that the sector can be a
solution to the growing unemployment and economic diversification, which are the
country's long-term objectives.
Developing MSEs requires having a more proactive strategy and an enabling
environment for the prosperity of the sector despite a number of hurdles associated with
their development. All countries have institutions to support their MSEs by advancing
financial and non-financial initiatives, embedded in MSE pOlicies or the general industrial
policy_ What is important is that any initiative undertaken should be collaborated with the
rest of the existing economic system to have a holistic institutional discipline, with the
aim of achieving the desired economic objectives. Countries continuously re-shape and
re-design their strategies to suit the changing economic environment. It is clear that
there is no one and for all strategy universally available to address constraints
associated with the MSE manufacturing sector for different countries. Individual
countries have got to design their strategies in accordance with their existing economic
environment, expected benefits from the sector, and objectives.
It is therefore not surprising that the government of Botswana, after several attempts to
solely support the MSE manufacturing sector, financially and non- financially for more
than twenty years, now acknowledges that it has to collaborate with the private and
parastatal organisations to have an effective and efficient support system in place. The
government has previously experienced a number of setbacks when solely promoting
the sector. In most cases the country's manufacturing MSEs had very short life spans.
This resulted in loss of jobs and far much less than expected contribution to the overall
economy. The study also highlights strategies that the government of Botswana can
consider to avoid having an exodus of MSEs that are not sustainable. / AFRIKAANSE OPSOMMING: Mikro en klein ondernemings (MKOs) in die vervaardigingsektor word deesdae in
verband gebring met die vermindering van armoede, werkloosheid, ekonomiese
vernuwing en die diversifikasie van ekonomiese aktiwiteite wat waarde toevoeg. In die
verlede het regeringsbeleid MKOs heeltemal uitgesluit ten gunste van groot
ondernemings wat tot nou toe nog nie in staat was om in die meeste lande ekonomiese
doelwitte te bereik nie. Lande het egter mettertyd besef watter bydrae MKOs kan lewer
en het pogings aangewend om gesonde kleinsakesektore te vestig. Regerings in
verskillende lande het begin om strategiee en modaliteite te ontwikkel om hierdie sektor
te ontwikkel, te versterk en in stand te hou.
Die MKO-vervaardigingsektor word oor die algemeen gekenmerk deur 'n aantal
beperkinge, byvoorbeeld gebrek aan kapitaal, swak opgeleide entrepreneurs, gebrek
aan vaardighede en tegnologiese kennis. Hierdie lande staar die taak in die gesig om
aandag aan hierdie beperkinge te skenk ten einde die MKO-sektor te bevorder. Die
regering van Botswana, soos ook in ander lande, het sedert 1982 beleid en inisiatiewe
ontwikkel om hierdie sektor te bevorder. Dit kan toegeskryf word aan die feit dat hierdie
land erken dat die MKO-sektor die oplossing kan bied vir groeiende werkloosheid en
ekonomiese diversifikasie wat deel uitmaak van die land se langtermyndoelwitte.
'n Meer proaktiewe strategie en 'n bemagtigende omgewing is nodig om MKOs te
ontwikkel vir die welvaart van die sektor, ten spyte van 'n aantal struikelblokke wat met
hul ontwikkeling verband hou. Die meeste lande het instellings om hul MKO's te
ondersteun deur die aanmoediging van finansiele en nie-finansiele inisiatiewe, vasgelê
in MKO-beleid of die algemene nywerheidsbeleid. Wat van belang is, is dat enige
inisiatief wat onderneem word, in samewerking met die res van die ekonomiese sektor
gedoen word ten einde 'n holisties-institusionele dissipline te ontwikkel sodat die
verlangde ekonomiese doelwitte bereik kan word. Lande pas gedurig hul strategiee aan
en herontwerp dit om by die veranderende ekonomiese omgewing aan te pas. Dit is
duidelik dat daar nie 'n universele strategie bestaan om die beperkinge aan te pak wat
met die MKO-vervaardigingsektor in verskillende lande verband hou nie. Individuele
lande moet hul strategiee ontwerp ooreenkomstig hul bestaande ekonomiese
omgewing, die verwagte voordele van die sektor, en hul doelstellings.
Dit is dus nie verrassend dat die regering van Botswana, na verskeie pogings oor 'n
tydperk van meer as twintig jaar om op hul eie die MKO-vervaardigingsektor finansieel
en niefinansieel te ondersteun, nou erken dat hulle met privaat en
semistaatsorganisasies moet saamwerk om 'n doeltreffende en doelmatige
ondersteuningstelsel daar te stel. Die regering het voorheen 'n paar terugslae beleef toe
hulle die sektor op hul eie wou ondersteun. In die meeste gevalle was die lewensduur
van die land se MKOs in die vervaardigingsektor van korte duur. Dit het gelei tot
werksverlies en geen of min bydrae tot die algehele ekonomie. Hierdie studie
beklemtoon ook die strategiee wat die regering van Botswana kan oorweeg ten einde 'n
uittog van MKOs wat nie volhoubaar is nie, te verhoed.
|
5 |
Promotion of small tourism enterprises (STES) as a tool for development : case study – Tsodilo communityThomas, Jullian 12 1900 (has links)
Thesis (MDF)--Stellenbosch University, 2014. / ENGLISH ABSTRACT: Small tourism enterprises are a driving force in tourism economies. Support for small tourism enterprises seeks to address the challenges they are facing that hinder their business growth and their input into the tourism economy. This study investigates the available support programmes and interventions that are provided by the government of Botswana to promote Small Tourism Enterprises. The significant contribution of small enterprises to local communities has thus seen the prioritizing of small business support and development by the government as a crucial point. Nevertheless, these small enterprises are often faced with many challenges that hold them back to compete with established businesses. The government of Botswana offers extensive business opportunities that favour small tourism enterprises. However, the salient question we are trying to answer is what factors need to be addressed to enable small tourism enterprises in Tsodilo community to grow and reach their full potential? The following objectives have been identified to establish areas in which small tourism businesses require support: To assess the needs of small tourism enterprises to have access to the things that will enable them to reach their full potential, to evaluate if the support in place is meeting the needs of small tourism enterprises and to examine strategies and interventions that can assist STEs.
The population sample comprises small businesses in the Tsodilo community. A questionnaire survey of small tourism businesses was conducted to acquire primary data. In addition, secondary data from the national development plan, tourism plans and tourism statistics was used.
In general, the findings reveal that a thorough consultation with small tourism enterprises is necessary when support programmes and interventions are developed. By using t findings, the government can evaluate its own efforts and ensure that support programmes are designed to meet the identified needs of small tourism enterprises. Additional research should aim at examining the sustainability of tourism development in the area as well as examining planning processes for tourism-targeted programmes.
|
6 |
Entrepreneurship through the Junior Achievement Botswana Programme : realities and perceptions.Kenosi, Precious Queen. January 2006 (has links)
Though Botswana is regarded as one of the richer countries in Africa, it is faced with
challenges experienced by other developing countries in Sub-Saharan Africa such as
poverty, unemployment and HIV/AIDS. Recession in the mining and agriculture sectors,
which have been the pillars of the country's wealth, has caused the economy to decline.
The National Development Plan 9 (NDP 9 2003/4-2008/9) is a five year national
development plan for Botswana that states that 36.7% of the populace have incomes
below the poverty datum line. Entrenched in the nation's Vision 2016 statement are two
development goals aimed at poverty reduction; to create sustainable jobs and to develop
human resources. The Botswana government has thus earmarked the promotion of small,
medium and micro-enterprises as one of the measures to reduce poverty. This shift to
self-employment would help create much needed jobs, contribute to the economy and
improve the quality of life of the Batswana. The government's efforts alone will not
suffice in this predicament. It needs the assistance of all stakeholders including the
private sector and the general public.
The purpose of the study was to investigate whether the Junior Achievement Botswana
Programme is an effective programme for equipping the youth in Botswana with business
skills with the hope that they would in turn establish businesses in their communities. The
study focused on exploring the perceptions of the trainees/learners in the programme to
establish if they felt that the training gave them the necessary knowledge and skills to
boost their confidence and motivation to plan, start up and sustain business ventures. The
perceptions of teachers and trainers involved in the delivery of the programme were also
sought to establish the programme's strengths and challenges and to suggest how the
programme could be improved. The study also employed an entrepreneurial test to
determine whether the programme attracted teachers and students who have the desired
characteristics for business. At the heart of this study was an attempt to articulate the role
of education and training in preparing the youth for self-employment. Data was collected
using both quantitative and qualitative data collection strategies. The data was analysed
descriptively as well deriving themes and meanings.
The study found out that the JAB is a good and informative programme that inspires the
youth and instils confidence in them to believe that they have gained knowledge and
skills required to be engaged in viable business ventures. They felt particularly confident
about market research, production and marketing components of running businesses.
However, the study also found out that the programme has deficiencies such as
insufficient preparation of its trainees to access and manage finances, inability to develop
networks for support especially once the students have left schools and are no longer
under the comforting guidance of the programme facilitators. In addition, the study
realised that the programme seems to overlook the role of monitoring, follow up,
evaluation, networking and mentoring in training for entrepreneurship. Issues pertaining
to partnerships and public relations also surfaced in the study. On the whole, the
respondents in the study found the programme enjoyable and worthwhile and wished it
could be extended to many others.
The study also found that the desired characteristics for business as identified by the
entrepreneurship test administered were possessed by fewer than 20 percent of the
students and teachers. This may also have contributed to the low numbers of people who
went on to start their own businesses. / Thesis (M.Sc.)-University of KwaZulu-Natal, Pietermaritzburg, 2006.
|
7 |
The impact of Botswana international trade fair on informal small scale clothing producers.Selwe, Milane Kgalanyana. January 2007 (has links)
Micro and small businesses have become a contributor to both reduction of
unemployment and to national development. The informal small scale clothing
producers in Botswana have been supported by government through policies
directed towards poverty alleviation and employment creation. Despite the
government's efforts of availing financial assistance, technical expertise,
promotional and marketing support, the informal small scale clothing producers
do not seem to be utilising these for full benefit. Participation of the informal
small scale clothing producers at Botswana International Trade Fair was
expected to provide them with avenues for long term benefits through marketing
their products and learning. The purpose of this study was to establish the
impact of Botswana International Trade Fair on the informal small scale clothing
producers. The informal small scale clothing producers have had assistance and
access to promoting their products for a considerable time, with not much change
in the market share and quantities of production. The challenges facing these
informal small scale clothing producers has been to utilise BITF for competing
with local and regional producers in providing quality products; to increase
production for meeting the demands of the market; to increase profits, and
expand businesses to reduce unemployment.
Purposive sampling was used to select participating informal small scale clothing
producers and council Home Economists while the· independent small scale
exhibitors were conveniently sampled during the 2006 trade fair. Seventeen
informal small scale clothing producers from the eastern part of Botswana were
interviewed to establish impacts from participating at the trade fair. One
producer who h-ad won most prizes at the trade fair was interviewed for a
different perspective in production strategies employed. Fifteen council Home
Economists, acting as liaison and change agents for the informal small scale
clothing pmducers, also participated in the survey and focus group discussions.
Two case studies were developed fmm in-depth interviews with independent
small scale exhibitors to ascertain impact brought about by BITF on these
producers. Both qualitative and quantitative approaches were used in collecting
data. The results were analysed in terms of frequencies and chi-square
relationships.
Great similarities were found to exist between the three samples. The results
revealed that there was adequate knowledge about BITF on the informal small
scale clothing producers, as weil as with council Home Economists and the
independent small scale exhibitors. The three groups understood the objectives
of BITF to be mostly educational and followed by promotion. All the groups
reported noticeable impact to be growth in the number of customers, increase in
production, increase in assets, improvement in quality of products and addition of
newly developed products. Perceptions of the three groups on the benefits from
BITF matched what they experienced as result of participation at the trade fair.
The producers on the other hand experienced a decline in the number of
employees while the independent small scale exhibitors had an increase.
For utmost benefit of BITF, the producers have to. strengthen their marketing
strategies, during and outside the trade fair. There is need for the producers to
take initiatives to secure their own stalls for participation during the trade fair as
individuals or jointly with other producers. Producers could benefit more from
using funding from government for promotion of products. Home Economists
should support self representation by the producers so that they directly learn
from participation and eventually wean off continued support from government.
For monitoring and planning purposes, a national data base for micro and
informal small scale clothing producers should be kept by the Department of
Social Services. Benchmarking on involving micro and small scale businesses in
training is essential, and establishment of local markets for continued contact
with customers could expand producers' knowledge in production. / Thesis (M.Sc.)-University of KwaZulu-Natal, Pietermaritzburg, 2007.
|
8 |
Effects of governance on the sustainability and continuity of family businesses in BotswanaTadu, Ruramayi 04 1900 (has links)
Family businesses have become a topic of growing interest among scholars and policy makers
at both international and local levels, particularly given the sector’s contribution to the world
economies. The increasingly volatile employment climate that prevails in many African
settings today has increased the focus on small and medium enterprises as engines of
economic growth and employment creation, and Botswana is no exception. The majority of
family businesses are small to medium enterprises.
The main objective of this study was to investigate the effects of governance structures and
systems on the sustainability and continuity of family-owned and controlled businesses in
Botswana. A study of this nature was important in view that some key sectors of the Botswana
economy are dominated by small and medium family businesses. Of concern is the lack of
continuity from one generation to the other among family businesses. Therefore, an
understanding of the family dynamics and family business governance systems is important
for managing the success and survival of the family business. Studies on small and medium
enterprises have been carried out in Botswana mostly focusing on their problems, but not on
their governance and sustainability. This was done using a cross-sectional research survey
design. The target population for the study comprised small and medium family-owned
businesses drawn from the manufacturing and professional services sectors and registered with
the Business Botswana and Local Enterprises Authority in 2017. A sample of 144 familyowned
businesses based in Gaborone and Francistown was polled.
Quantitative data for the research was collected using a questionnaire. The quantitative
research methodology adopted applied correlation and regression analysis, utilised Pearson
correlation tests and Levene’s independent sample tests were performed to measure the
relationships between five independent variables and the sustainability and continuity of
family businesses in Botswana. This research empirically tested five hypotheses relating to
governance factors that affect the sustainability and continuity of family businesses in
Botswana. The research findings support the notion that the presence of governance structures,
effective communication, decision-making, succession planning, and a vision, mission and
strategy have a positive effect on the sustainability and continuity of family businesses. This
research also established that small and medium family businesses face the same challenges as any other formation by ownership of non-family small and medium enterprises. Evidence is
also provided that the challenges faced by family businesses in Botswana do not differ
significantly with challenges faced by small and medium family businesses, with most
respondents citing a lack of funding as the major challenge. For small and medium enterprises
to continue playing their critical role in the economic development of Botswana, they need to
formalise and adopt systematic approaches to strategy formulation and implementation,
succession planning, governance structures and compliance. It is recommended that future
studies focus on developing systematic generic models and assist small and medium familyowned
businesses to implement and improve on their sustainability and continuity of
businesses in Botswana. / Business Management / D. Admin.
|
Page generated in 0.0602 seconds