- Title
- Exploring management challenges faced by small and medium sized enterprises in the South African construction industry – the case of selected construction companies in Gauteng
- Creator
- Moloi, Diile Evelyn
- Subject
- Construction industry -- South Africa -- Gauteng -- Management
- Subject
- Small business -- South Africa -- Gauteng Business enterprises -- South Africa -- Gauteng
- Date Issued
- 2018
- Date
- 2018
- Type
- Thesis
- Type
- Masters
- Type
- MBA
- Identifier
- http://hdl.handle.net/10948/32322
- Identifier
- vital:32021
- Description
- Often the role of management is described in terms of profit making, maximizing economic opportunities and practicing total entrepreneurship while at the same time ensuring ethical practices in organisations. This makes a manager’s role to be significant to the growth and sustainability of the business. Management is entrusted with the responsibility to ensure that systems and processes in the business operate as intended through effective and efficient use of resources and appropriate delegation to employees. The process of managing does, however, come with its own challenges and every day management must attend to these challenges to ensure that the organisation remains profitable in spite of operational interruptions. Management often lacks resources and the capacity required for the realisation of effective operational success. The business landscape is highly evolved ever since globalisation and opening of international trade markets has come into play. The evolution has made trade and regular transacting among companies to be standardized with minor differences for some products and services. The rapid changes that come as a result of this are often beyond what most organisations and its management, particular small business owners, are able to comprehend and deal with. Disregard of the management challenges has the potential to be detrimental to the smooth running of the business and negatively impact finances of the business. The problem herein is the result of a collapse of many small businesses due to inadequate management of internal challenges. The primary objective of this study was to explore the management challenges faced by SME managers in the South African construction industry. The aim was to outline the management challenges in support of previous research findings in the field of management studies. Through literature research, the variables of resources, skills, control systems and financial management were identified as having an influence of the effective management of the organisations. The variables were used in the development of a conceptual framework that may be used in addressing the management challenges. The empirical research results identified skills and financial management challenges to be most critical to the overall effective management of SMEs.
- Format
- xi, 78 leaves
- Format
- Publisher
- Nelson Mandela University
- Publisher
- Faculty of Business and Economics Sciences
- Language
- English
- Rights
- Nelson Mandela University
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| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details Download | SOURCE1 | Diile Evelyn Moloi.pdf | 1 MB | Adobe Acrobat PDF | View Details Download |