Avoiding business failure in south africa

Court, Nadine viargaret

Title: Avoiding business failure in south africa
Creator: Court, Nadine viargaret
Subject: Business failures -- Prevention -- South Africa
Subject: Business failures Success in business Business enterprises -- Management -- South Africa Small business -- South Africa
Date Issued: 2019
Date: 2019
Type: Thesis
Type: Masters
Type: MBA
Identifier: http://hdl.handle.net/10948/38024
Identifier: vital:34284
Description: The purpose of this study was to develop a comprehensive framework to forecast that a business is entering a distressed situation and to identify the warning signs to look out for before it is too late to turn the business around in order to maintain a sustainable future. The possible solution lies in what business owners and management can do, and look out for, to avoid business failure. The intended contribution of the study was to design a framework for most businesses, especially SMMEs, to follow to avoid business failure. Therefore, it can be seen from this study that it is critical for business owners and management to be innovative in their business to achieve competitive advantage and, as such, remain sustainable. Stakeholder relationships are critical to achieving a competitive advantage. Financial Analysis, Technology Management, Innovation, Organisational Design and Risk Management are interrelated and are very inter-dependent when seeking to avoid business failure. However, innovation and technology management have a significant influence on business failure and, as such, are critical to the success of the business.
Format: xi, 117 leaves
Format: pdf
Publisher: Nelson Mandela University
Publisher: Faculty of Business and Economic Sciences
Language: English
Rights: Nelson Mandela University

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