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The effect of occupational health and safety programmes in the growth of small businesses in Gauteng province, South AfricaMyeni, Sibongiseni Selby January 2015 (has links)
Introduction: Managers in small businesses are faced with a dilemma of meeting the requirements of health and safety legislation and trying to grow their businesses. It is important that they understand the business value of occupational health and safety programs. For them to allocate resources to occupational health and safety programs they need to understand if there are any economic benefits attached to such programs. Thus this study was designed to investigate the benefits of occupational health services on economic performance and growth of small businesses in Gauteng, South Africa. Method: This was a descriptive quantitative study. A self administered structured questionnaire was developed and distributed to 200 small businesses in Gauteng Province, South Africa. Thirty completed questionnaires were received back, representing a response rate of 15%. Data was analysed by the NMMU Unit for Statistical Consultation, using STATISTICA. Results: Economic performance moderately correlated with the presence of occupational health and safety professionals. It moderately correlated with the categories of occupational health and safety professionals in a small business. The level of knowledge, awareness, attitude and perception on occupational health and safety was rated high. Eighty three percent (83%) of the respondents had a clear understanding of their responsibility in terms of the health and safety function at work. The level of employee engagement was rated high with seventy six percent (76%) of respondents reporting that they get recognition for their work, and eighty six percent (86%) indicated that they were happy with the relationship they had with their boss. There was a difference between managers and employees in terms of how they view economic performance and growth of their companies. Conclusion: The presence of occupational health and safety professionals as well as different categories of occupational health and safety professionals are factors of importance in the economic performance and growth of small businesses in Gauteng, Republic of South Africa. The weak correlation between economic performance and growth of small businesses requires a further study with a bigger sample size.
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Small enterprise growth : the critical role of the owner - manager a case study of the construction sector in Gauteng, South AfricaMusabayana, Joni 27 February 2013 (has links)
Small and Medium Enterprises (SMEs) and the role that they play in the economy have
been widely studied. SMEs are of particular interest because they are seen as greatly
contributing to innovation, economic competitiveness, equity and redistribution,
employment creation. Given the positive role that they are seen as playing in the economy,
the growth and transformation of small enterprises into medium enterprises is welcomed. It
is seen as increasing the benefits of the SMEs to the economy and society in general. The
research sought to analyze and draw insights on the growth of enterprises from small to
medium size.
This issue has been widely studied but as late as 2007, reviewing the state of knowledge
about growth in small businesses, Dobbs and Hamilton (2007, p.296) observed that despite
the growing volume of applied research, our knowledge base still lacks a body of theory
capable of explaining the growth of small businesses. This research therefore responds to
this call by Dobbs and Hamilton (2007) for new theoretical perspectives and alternative
types of research. It does so by focusing on the practical role that the entrepreneur plays in
facilitating or hindering growth. It also responds to this call by using a methodological
approach that has not been widely used in this field to date.
In addition, not sufficient attention has been paid to the role of the entrepreneur as the
dynamic element in the growth and transformation process, neither globally but even less
so in the Southern African case in general but even less so in the South African
construction setting specifically and in Gauteng in particular. The lack of sufficient
attention to the role of the entrepreneur in facilitating or hindering the growth and
transformation process is very pronounced in the context of the Southern Africa region.
This thesis therefore seeks to address this gap. This thesis takes as its departure, the
decisiveness of the entrepreneur in the business system. It places the entrepreneur at the
centre of the enterprise and analyses the role that the entrepreneur plays in facilitating or
hindering the growth of the enterprise from small to medium size. Freel (2000: p.321)
observed that more significantly, the internal dynamics of firm growth have remained
something of a 'black box'.
Focusing on growth, this research seeks to identify the key drivers of why some firms grow
and others do not. It seeks to unravel the "black box" of small enterprise growth in the
context of South Africa. In this process, the research sought to focus on the role of the
entrepreneur in facilitating or inhibiting growth.
The main question that this research sought to answer is: Is the entrepreneur the main driver
of small enterprise growth and graduation, and what role does he or she play and how does
he or she facilitate the growth and graduation of small into medium enterprises in South
Africa?
Building on the main and sub research questions the research sought and successfully
proved the following Propositions:
Proposition One (P 1): The entrepreneur is the key driver of small enterprise
growth and graduation in South Africa.
Proposition Two (P 11): The entrepreneur is the main inhibitor of small enterprise
growth and graduation in non- growth small enterprises in South Africa.
Proposition Three (P 111): Macro - economic environmental factors are a key but
not the decisive driver for growth and transformation of SMEs.
Proposition Four (P 1 V): The growth and competitiveness of the industrial sub
sector is a key but not decisive driver of growth and competitiveness of SMEs.
This research was undertaken within the framework of qualitative research. It was
undertaken in four phases, namely:
Phase One: Sector and SME Selection
Phase Two: Individual Interview
Phase Three: Document Analysis
Phase Four: Case Study Development focusing on the role of the
Entrepreneur in the Growth Process
The data analysis was driven by the model of the drivers of SME growth and
transformation already outlined above. It sought to apportion qualitative weightings to key
already identified drivers of growth and transformation: macro-economic environment,
industry sub sector, access to finance, technology, and BDS and the entrepreneur's
motivation and skills. The data analysis delved deeper into the last category of drivers,
entrepreneur's motivation and skills. It dissected the role that the entrepreneur's skill
played in the overall growth and transformation of the enterprise.
The data gathered from the three methods, namely individual interviews, follow up
telephonic interviews and the document analysis were analyzed to arrive at the role that the
entrepreneur's skills played in the growth and transformation process. Qualitative analysis
of the entrepreneur's responses was undertaken to apportion the weighting given to the key
drivers of the growth and transformation process. The data analysis also sought to unravel
the key constituents of the entrepreneur's skills. It identified what constitutes the
entrepreneur's skills that are crucial to the growth and transformation process. Focus was
on the technical, managerial or leadership aspects. Findings from the data analysis assist in
the conclusions and recommendations.
This study was limited to Gauteng province of South Africa. It is hoped that this province
will represent the best construction macro-economic environment in South Africa. This
study concentrated on the sectors that were selected from the sector selection process. The
study interviewed entrepreneurs and enterprises that are exclusively in the selected sector.
The study was limited to medium sized enterprises that grew out of small enterprises that
were formal - registered, licensed and operating within the framework of the law. The
medium enterprises that this study focused on were not subsidiaries of larger conglomerates. This study also did not focus on medium enterprises that were created as
medium enterprises and did not grow in size.
The study is based on three key assumptions: the growth in employment is a sufficient
reflection of the growth process, changes in the structure of the business are a direct result
of the growth in employment and what the entrepreneur does directly reflects itself in the
growth or lack of growth in the enterprise.
This study has the following limitations: the peculiarities of the selected sector construction,
growth in employment may not capture the entirety of the growth process and
the fact that the study was conducted in the period of the Soccer World Cup 2010 affected
the perceptions of the owner managers to be more positive than could have been
experienced outside of this unique event.
This research has proven through the data gathered, presented and analyzed that the owner
manager of the respondent enterprises is the fulcrum upon which all the major decisions in
the enterprise revolve. It is the quality of these decisions that drive or hinder the growth
process. The owner manager makes the key decisions regarding:
- the role and nature of interaction with the government,
- the structure of the enterprise and the roles and responsibilities of the staff within
the enterprise,
- the marketing strategy,
- the quality and skill level of the staff,
- the role information technology, the nature and type of communication within the
enterprise and between the enterprise and its external stakeholders,
- the culture of the enterprise,
- the interaction between the business and family and,
- the management of the book of accounts.
It is the cumulative impact of these decisions that the owner manager makes that propel the
enterprise to growth. This confirms that the entrepreneur is the main driver of enterprise
growth and graduation from small to medium enterprise size through the decisions that he
or she makes.
This research has also identified that it is not only the decisions that the owner manager
makes that matter. It is also the management style that the owner manager adopts that
facilitates or hinders growth. The owner manager needs to adopt a participatory
management style which empowers the staff, to facilitate enterprise growth and
transformation.
Based on the data gathered this research has dealt with the issue of the impact of the
macroeconomic environment on the growth of the owner managed construction enterprises.
Focusing on growth, this research has identified the key drivers of why some owner
managed construction enterprises firms grow and others do not. The research has identified
the macroeconomic environment as a key driver of the performance of the whole economy. A key element of the construction industry which positively benefitted the enterprises in the
period 2002 - 2010 is the construction boom experienced because of the Soccer World Cup
2010. The construction bonanza was based on the ten new stadia to be build or renovated
and the accompanying road infrastructure. This played a key factor in the positive growth
experience by most of the firms in the industry.
The South African economy performed well in the period 1994 - 2008. The good
performance of the economy in the period 1994 - 2008, had a positive spillover effect on
the construction sector and the enterprises in that sector. This proves that the
macroeconomic environment is a key driver of growth and competitiveness.
However, starting in 2008, the GEFC set in. The impact of the GEFC on the economy was
very severe. The GDP declined dramatically and the inflation rose. This impacted the
whole economy. Added to this was the impact of the newly introduced National Credit Act.
The National Credit Act made access to credit especially for housing loans more difficult.
Despite the combined negative consequences of the GEFC and the National Credit Act, the
majority of the respondent enterprises continued to experience growth. One respondent
enterprise suffered a dramatic decline in sales and growth in this period. This was more
because of the 'wrong' marketing strategy it chose to respond to the overall down turn in
the economy. Significantly, when the owner manager adjusted the marketing strategy, sales
and growth have begun to pick up again. This proves that a positive macroeconomic
environment is crucial as a driver of growth but is not a decisive factor because even when
the macroeconomic environment turns negative, growth firms are able to maintain their
growth path. So, in conclusion, the macroeconomic environment is a necessary but not
sufficient condition for enterprise growth.
The above conclusion on the macroeconomic environment is also true of the sector
competitiveness and growth's impact on the growth of enterprises in that industrial sub
sector. As the economy has grown, so has the construction industry. Within the period
2000 - 2008, the construction industry has also been performing well on the back of the
good macro economic performance. As a result the RMB / BER and the FNB / BER
Business Confidence Indexes have been on a gradual upward trend.
The Respondent Enterprises in this research clearly benefited from this gradual upward
trend in the economy in general and the construction industry in particular. The Respondent
Enterprises experienced sustained growth in this period as well. This confirms that growth
enterprises benefit from a growing and competitive industrial sub sector. However, the
industrial sub sector took a negative turn on the back of the GEFC, the National Credit Act
and the end of the 2010 Soccer World Cup construction boom in the pperiod 2008-2010.
Despite this, the majority of the respondent enterprises continued to enjoy significant
growth. This leads to the conclusion that the growth and competitiveness of the industrial
sub sector is a key but not decisive driver of growth and competitiveness of SMEs. This research has therefore unraveled the "black box" of owner managed small
construction enterprise growth of the South Africa context by analyzing the role of the
macroeconomic environment, the growth and competitiveness of the industrial sub sector
and the owner manager. In this process the research has focused on the role of the
entrepreneur in facilitating or inhibiting growth and highlighted the entrepreneur's
centrality to the growth process.
Through the use of the case study method this research has been able to address the how
and why of construction enterprises growth in Gauteng. This study has added value to the
existing body of literature on enterprise growth by delving deeper into many already known
factors driving enterprise growth. This research in most of the identified areas has been to
analyze deeply and give greater insight into the dynamics of how growth actually happens
within the enterprise through the role of the owner manager. Through this process this
research has helped in opening Freel (2000)'s 'black box" of enterprise growth with
particular reference to the construction sector in Gauteng, South Africa.
This study contributes to the growing body of literature on the growth and transformation
of SMEs globally. But specifically it makes a contribution to the understanding of the
growth and transformation of the construction SMEs in Gauteng province of South Africa
where there is a dearth of such studies. In a country and province where the issues of
increasing black participation in the economy is topical, this study will increase society's
understanding of how construction SME growth and transformation can contribute to the
realization of this goal. This study assists in creating awareness within society of how
entrepreneurship development can play a major role in achieving the goal of equitable
distribution of the region's wealth. It contributes to a realization of a society that is
supportive of enterprise development and an enterprise culture.
The study contributes to the debate of what policy measures can assist in the development
of a construction entrepreneurial class. The BEE policies attempt to create an environment
which facilitates the growth and graduation of SMEs. This study will assist in informing
how these policies can best be shaped. This study contributes to a greater understanding of
this phenomenon in the context of the construction sector in South Africa. By focusing on
the qualltative approach this study seeks to bring a different angle to the largely
quantitative approach which has dominated the study of SME growth thus far. / Business Management / D.B.L.
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Small enterprise growth : the critical role of the owner - manager a case study of the construction sector in Gauteng, South AfricaMusabayana, Joni 27 February 2013 (has links)
Small and Medium Enterprises (SMEs) and the role that they play in the economy have
been widely studied. SMEs are of particular interest because they are seen as greatly
contributing to innovation, economic competitiveness, equity and redistribution,
employment creation. Given the positive role that they are seen as playing in the economy,
the growth and transformation of small enterprises into medium enterprises is welcomed. It
is seen as increasing the benefits of the SMEs to the economy and society in general. The
research sought to analyze and draw insights on the growth of enterprises from small to
medium size.
This issue has been widely studied but as late as 2007, reviewing the state of knowledge
about growth in small businesses, Dobbs and Hamilton (2007, p.296) observed that despite
the growing volume of applied research, our knowledge base still lacks a body of theory
capable of explaining the growth of small businesses. This research therefore responds to
this call by Dobbs and Hamilton (2007) for new theoretical perspectives and alternative
types of research. It does so by focusing on the practical role that the entrepreneur plays in
facilitating or hindering growth. It also responds to this call by using a methodological
approach that has not been widely used in this field to date.
In addition, not sufficient attention has been paid to the role of the entrepreneur as the
dynamic element in the growth and transformation process, neither globally but even less
so in the Southern African case in general but even less so in the South African
construction setting specifically and in Gauteng in particular. The lack of sufficient
attention to the role of the entrepreneur in facilitating or hindering the growth and
transformation process is very pronounced in the context of the Southern Africa region.
This thesis therefore seeks to address this gap. This thesis takes as its departure, the
decisiveness of the entrepreneur in the business system. It places the entrepreneur at the
centre of the enterprise and analyses the role that the entrepreneur plays in facilitating or
hindering the growth of the enterprise from small to medium size. Freel (2000: p.321)
observed that more significantly, the internal dynamics of firm growth have remained
something of a 'black box'.
Focusing on growth, this research seeks to identify the key drivers of why some firms grow
and others do not. It seeks to unravel the "black box" of small enterprise growth in the
context of South Africa. In this process, the research sought to focus on the role of the
entrepreneur in facilitating or inhibiting growth.
The main question that this research sought to answer is: Is the entrepreneur the main driver
of small enterprise growth and graduation, and what role does he or she play and how does
he or she facilitate the growth and graduation of small into medium enterprises in South
Africa?
Building on the main and sub research questions the research sought and successfully
proved the following Propositions:
Proposition One (P 1): The entrepreneur is the key driver of small enterprise
growth and graduation in South Africa.
Proposition Two (P 11): The entrepreneur is the main inhibitor of small enterprise
growth and graduation in non- growth small enterprises in South Africa.
Proposition Three (P 111): Macro - economic environmental factors are a key but
not the decisive driver for growth and transformation of SMEs.
Proposition Four (P 1 V): The growth and competitiveness of the industrial sub
sector is a key but not decisive driver of growth and competitiveness of SMEs.
This research was undertaken within the framework of qualitative research. It was
undertaken in four phases, namely:
Phase One: Sector and SME Selection
Phase Two: Individual Interview
Phase Three: Document Analysis
Phase Four: Case Study Development focusing on the role of the
Entrepreneur in the Growth Process
The data analysis was driven by the model of the drivers of SME growth and
transformation already outlined above. It sought to apportion qualitative weightings to key
already identified drivers of growth and transformation: macro-economic environment,
industry sub sector, access to finance, technology, and BDS and the entrepreneur's
motivation and skills. The data analysis delved deeper into the last category of drivers,
entrepreneur's motivation and skills. It dissected the role that the entrepreneur's skill
played in the overall growth and transformation of the enterprise.
The data gathered from the three methods, namely individual interviews, follow up
telephonic interviews and the document analysis were analyzed to arrive at the role that the
entrepreneur's skills played in the growth and transformation process. Qualitative analysis
of the entrepreneur's responses was undertaken to apportion the weighting given to the key
drivers of the growth and transformation process. The data analysis also sought to unravel
the key constituents of the entrepreneur's skills. It identified what constitutes the
entrepreneur's skills that are crucial to the growth and transformation process. Focus was
on the technical, managerial or leadership aspects. Findings from the data analysis assist in
the conclusions and recommendations.
This study was limited to Gauteng province of South Africa. It is hoped that this province
will represent the best construction macro-economic environment in South Africa. This
study concentrated on the sectors that were selected from the sector selection process. The
study interviewed entrepreneurs and enterprises that are exclusively in the selected sector.
The study was limited to medium sized enterprises that grew out of small enterprises that
were formal - registered, licensed and operating within the framework of the law. The
medium enterprises that this study focused on were not subsidiaries of larger conglomerates. This study also did not focus on medium enterprises that were created as
medium enterprises and did not grow in size.
The study is based on three key assumptions: the growth in employment is a sufficient
reflection of the growth process, changes in the structure of the business are a direct result
of the growth in employment and what the entrepreneur does directly reflects itself in the
growth or lack of growth in the enterprise.
This study has the following limitations: the peculiarities of the selected sector construction,
growth in employment may not capture the entirety of the growth process and
the fact that the study was conducted in the period of the Soccer World Cup 2010 affected
the perceptions of the owner managers to be more positive than could have been
experienced outside of this unique event.
This research has proven through the data gathered, presented and analyzed that the owner
manager of the respondent enterprises is the fulcrum upon which all the major decisions in
the enterprise revolve. It is the quality of these decisions that drive or hinder the growth
process. The owner manager makes the key decisions regarding:
- the role and nature of interaction with the government,
- the structure of the enterprise and the roles and responsibilities of the staff within
the enterprise,
- the marketing strategy,
- the quality and skill level of the staff,
- the role information technology, the nature and type of communication within the
enterprise and between the enterprise and its external stakeholders,
- the culture of the enterprise,
- the interaction between the business and family and,
- the management of the book of accounts.
It is the cumulative impact of these decisions that the owner manager makes that propel the
enterprise to growth. This confirms that the entrepreneur is the main driver of enterprise
growth and graduation from small to medium enterprise size through the decisions that he
or she makes.
This research has also identified that it is not only the decisions that the owner manager
makes that matter. It is also the management style that the owner manager adopts that
facilitates or hinders growth. The owner manager needs to adopt a participatory
management style which empowers the staff, to facilitate enterprise growth and
transformation.
Based on the data gathered this research has dealt with the issue of the impact of the
macroeconomic environment on the growth of the owner managed construction enterprises.
Focusing on growth, this research has identified the key drivers of why some owner
managed construction enterprises firms grow and others do not. The research has identified
the macroeconomic environment as a key driver of the performance of the whole economy. A key element of the construction industry which positively benefitted the enterprises in the
period 2002 - 2010 is the construction boom experienced because of the Soccer World Cup
2010. The construction bonanza was based on the ten new stadia to be build or renovated
and the accompanying road infrastructure. This played a key factor in the positive growth
experience by most of the firms in the industry.
The South African economy performed well in the period 1994 - 2008. The good
performance of the economy in the period 1994 - 2008, had a positive spillover effect on
the construction sector and the enterprises in that sector. This proves that the
macroeconomic environment is a key driver of growth and competitiveness.
However, starting in 2008, the GEFC set in. The impact of the GEFC on the economy was
very severe. The GDP declined dramatically and the inflation rose. This impacted the
whole economy. Added to this was the impact of the newly introduced National Credit Act.
The National Credit Act made access to credit especially for housing loans more difficult.
Despite the combined negative consequences of the GEFC and the National Credit Act, the
majority of the respondent enterprises continued to experience growth. One respondent
enterprise suffered a dramatic decline in sales and growth in this period. This was more
because of the 'wrong' marketing strategy it chose to respond to the overall down turn in
the economy. Significantly, when the owner manager adjusted the marketing strategy, sales
and growth have begun to pick up again. This proves that a positive macroeconomic
environment is crucial as a driver of growth but is not a decisive factor because even when
the macroeconomic environment turns negative, growth firms are able to maintain their
growth path. So, in conclusion, the macroeconomic environment is a necessary but not
sufficient condition for enterprise growth.
The above conclusion on the macroeconomic environment is also true of the sector
competitiveness and growth's impact on the growth of enterprises in that industrial sub
sector. As the economy has grown, so has the construction industry. Within the period
2000 - 2008, the construction industry has also been performing well on the back of the
good macro economic performance. As a result the RMB / BER and the FNB / BER
Business Confidence Indexes have been on a gradual upward trend.
The Respondent Enterprises in this research clearly benefited from this gradual upward
trend in the economy in general and the construction industry in particular. The Respondent
Enterprises experienced sustained growth in this period as well. This confirms that growth
enterprises benefit from a growing and competitive industrial sub sector. However, the
industrial sub sector took a negative turn on the back of the GEFC, the National Credit Act
and the end of the 2010 Soccer World Cup construction boom in the pperiod 2008-2010.
Despite this, the majority of the respondent enterprises continued to enjoy significant
growth. This leads to the conclusion that the growth and competitiveness of the industrial
sub sector is a key but not decisive driver of growth and competitiveness of SMEs. This research has therefore unraveled the "black box" of owner managed small
construction enterprise growth of the South Africa context by analyzing the role of the
macroeconomic environment, the growth and competitiveness of the industrial sub sector
and the owner manager. In this process the research has focused on the role of the
entrepreneur in facilitating or inhibiting growth and highlighted the entrepreneur's
centrality to the growth process.
Through the use of the case study method this research has been able to address the how
and why of construction enterprises growth in Gauteng. This study has added value to the
existing body of literature on enterprise growth by delving deeper into many already known
factors driving enterprise growth. This research in most of the identified areas has been to
analyze deeply and give greater insight into the dynamics of how growth actually happens
within the enterprise through the role of the owner manager. Through this process this
research has helped in opening Freel (2000)'s 'black box" of enterprise growth with
particular reference to the construction sector in Gauteng, South Africa.
This study contributes to the growing body of literature on the growth and transformation
of SMEs globally. But specifically it makes a contribution to the understanding of the
growth and transformation of the construction SMEs in Gauteng province of South Africa
where there is a dearth of such studies. In a country and province where the issues of
increasing black participation in the economy is topical, this study will increase society's
understanding of how construction SME growth and transformation can contribute to the
realization of this goal. This study assists in creating awareness within society of how
entrepreneurship development can play a major role in achieving the goal of equitable
distribution of the region's wealth. It contributes to a realization of a society that is
supportive of enterprise development and an enterprise culture.
The study contributes to the debate of what policy measures can assist in the development
of a construction entrepreneurial class. The BEE policies attempt to create an environment
which facilitates the growth and graduation of SMEs. This study will assist in informing
how these policies can best be shaped. This study contributes to a greater understanding of
this phenomenon in the context of the construction sector in South Africa. By focusing on
the qualltative approach this study seeks to bring a different angle to the largely
quantitative approach which has dominated the study of SME growth thus far. / Business Management / D.B.L.
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Quality management practices of small and medium enterprise contractors in the Gauteng low income residential sector16 September 2015 (has links)
M.Tech. Construction Management / The delivery of low income housing in South African Public Subsidized Schemes is plagued with quality issues, inevitably leading to poor levels of client and more importantly, end-user satisfaction. The characteristics of Small and Medium Enterprise (SME) contractors who operate in this sector, together with external factors in the operating environment, all contribute to poor quality. Quality Management (QM) practices among the contractors are not widely documented hence, this study aimed to explore these practices in the Gauteng low income residential sector. Therefore, the objectives of the study aimed to establish the following: current QM practices; adequacy of such practices; barriers to effective QM practices and the presence of critical success factors for effective QM practices...
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Retrenchment in the insurance industry: the small business development dividendLouw, Leonie Barbara 03 1900 (has links)
The focus of this study was to investigate the employment difficulties faced by individuals who had been retrenched from the insurance industry during the years 2000 to 2013 in order to develop an understanding of the continuity in the specialist type of work after their retrenchment. The study also aimed to investigate the actual
and perceived barriers that need to be addressed in the South African small business environment and the specific soft skills and business skills of small business owners and non-small business owners.
The research design of this exploratory study entailed a positivist research philosophy using a deductive research approach. This quantitative research was conducted by means of a survey questionnaire. A questionnaire was designed and used to determine the level of importance and the level of own skills for small business owners and non-small business owners respectively in terms of
predetermined soft and business management skills. The answers provided on these questions were then analysed to determine whether there was a gap between the level of importance assigned to these skills and their own skill ratings. This research determined the barriers faced by small businesses in South Africa as well as the level of agreement regarding the predetermined actual and perceived barriers
pertaining to the small business environment. Notable findings of this study include that there was a distinct lack of continuity in the specialist type of work by the small business owner respondents in the insurance
industry. There was a marked difference between the level of portance and own skill ratings assigned to the predetermined soft skills and business management skills with non-small business owner respondents mostly rating themselves as better skilled than small business owners did. However, the fact that these non-small
business owner respondents did not start their own small businesses points towards higher risk aversion. This study also found that small businesses in South Africa are facing pronounced barriers within the small business environment. / Business Management / M. Com. (Business Management)
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The impact of board diversity on corporate governance in medium-sized private enterprises in GautengKruger, Hermanus Barend 25 July 2013 (has links)
The South African economic landscape changed for ever after the first democratic
election of 1994. The change heralded an era of inclusion, the economic landscape
became open to people from all races, whereas before economic power was
centralised in the hands of a minority group due to Apartheid legislation.
Exploring the relationship of diversity of board members on the corporate
governance of small, micro and medium enterprises (SMME’s) in South Africa has
become imperative. Understanding the relationship, if any, which exists can aid
SMME’s in board selection and corporate governance alike.
Data for the study was collected through a self-enumerated questionnaire completed
electronically and followed-up by interviews with heads of boards surveyed. Both the
questionnaire and the interviews focussed on corporate governance, which included
different components of governance such as the general principles of governance
followed in the enterprise, the stakeholder focus exerted by the board of directors
and the functioning of the board of directors. This resulted in a score for the
enterprise which can be expressed as a percentage. This governance indicator was
related to questions on the diversity of board members.
The findings were in many cases contradictive when a single variable was observed
against the score an enterprise achieved for governance. When taking a more
holistic approach and evaluating multiple variables, it became evident that it is rather
a combination of variables which displays some relationship with corporate
governance.
This study found that board diversity does have a relationship with corporate
governance. The magnitude of this relationship could not be ascertained and
warrants further research in a wider spectrum of the South African economy and also
with a larger group of subjects. / Business Management / M. Tech. (Business Administration)
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An analysis of local and immigrant entrepreneurship in the South African small enterprise sector (Gauteng Province)Radipere, Nkoana Simon 13 June 2013 (has links)
This study was undertaken to investigate the motivation, intention, self-efficacy, culture, business support,entrepreneurial orientation and business performance of South African and immigrant entrepreneurs in small and medium enterprises (SMEs) in Gauteng province. The performance of the SMEs was investigated, and the reasons and gaps that have led to the assumed low competitive ranking and poor performance of South African entrepreneurs compared to immigrant entrepreneurs were analysed.
A structured research instrument (questionnaire) was used to collect data through interviews and a self-administered survey. A total of 466 questionnaires out of 500 questionnaires that had been distributed to respondents by six fieldworkers were returned (93.2%) for analysis.A number of hypotheses were postulated to address the study aims and the collected data were analysed to answer the hypotheses.
The results of the study showed a significant correlation between motivation and business performance (a motivated entrepreneur is more likely to succeed in business than an unmotivated entrepreneur) and a significant positive correlation between culture and motivation to start a business (a culture that is supportive of entrepreneurial activities, lowuncertainty avoidance, high individualism and lowpower distance relates positively to a high level of entrepreneurial self-efficacy).The results also showed a significant difference between the mean values of business performance and the education of the owner. It is suggested that the government creates a favourable climate to allow entrepreneurs to release their potential. The government can help by making complex legislation easier for start-ups and reducing the tax burden on new entrepreneurs. / Business Management / D. Comm. (Business Management)
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An analysis of local and immigrant entrepreneurship in the South African small enterprise sector (Gauteng Province)Radipere, Nkoana Simon 13 June 2013 (has links)
This study was undertaken to investigate the motivation, intention, self-efficacy, culture, business support,entrepreneurial orientation and business performance of South African and immigrant entrepreneurs in small and medium enterprises (SMEs) in Gauteng province. The performance of the SMEs was investigated, and the reasons and gaps that have led to the assumed low competitive ranking and poor performance of South African entrepreneurs compared to immigrant entrepreneurs were analysed.
A structured research instrument (questionnaire) was used to collect data through interviews and a self-administered survey. A total of 466 questionnaires out of 500 questionnaires that had been distributed to respondents by six fieldworkers were returned (93.2%) for analysis.A number of hypotheses were postulated to address the study aims and the collected data were analysed to answer the hypotheses.
The results of the study showed a significant correlation between motivation and business performance (a motivated entrepreneur is more likely to succeed in business than an unmotivated entrepreneur) and a significant positive correlation between culture and motivation to start a business (a culture that is supportive of entrepreneurial activities, lowuncertainty avoidance, high individualism and lowpower distance relates positively to a high level of entrepreneurial self-efficacy).The results also showed a significant difference between the mean values of business performance and the education of the owner. It is suggested that the government creates a favourable climate to allow entrepreneurs to release their potential. The government can help by making complex legislation easier for start-ups and reducing the tax burden on new entrepreneurs. / Business Management / D. Comm. (Business Management)
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The impact of board diversity on corporate governance in medium-sized private enterprises in GautengKruger, Hermanus Barend 11 1900 (has links)
The South African economic landscape changed for ever after the first democratic
election of 1994. The change heralded an era of inclusion, the economic landscape
became open to people from all races, whereas before economic power was
centralised in the hands of a minority group due to Apartheid legislation.
Exploring the relationship of diversity of board members on the corporate
governance of small, micro and medium enterprises (SMME’s) in South Africa has
become imperative. Understanding the relationship, if any, which exists can aid
SMME’s in board selection and corporate governance alike.
Data for the study was collected through a self-enumerated questionnaire completed
electronically and followed-up by interviews with heads of boards surveyed. Both the
questionnaire and the interviews focussed on corporate governance, which included
different components of governance such as the general principles of governance
followed in the enterprise, the stakeholder focus exerted by the board of directors
and the functioning of the board of directors. This resulted in a score for the
enterprise which can be expressed as a percentage. This governance indicator was
related to questions on the diversity of board members.
The findings were in many cases contradictive when a single variable was observed
against the score an enterprise achieved for governance. When taking a more
holistic approach and evaluating multiple variables, it became evident that it is rather
a combination of variables which displays some relationship with corporate
governance.
This study found that board diversity does have a relationship with corporate
governance. The magnitude of this relationship could not be ascertained and
warrants further research in a wider spectrum of the South African economy and also
with a larger group of subjects. / Business Management / M. Tech. (Business Administration)
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