Business incubation in the Eastern Cape: a case study
- Authors: Chandler, Leonard Mark
- Date: 2013
- Subjects: Business incubators -- South Africa -- Port Elizabeth , Economic development projects -- South Africa -- Port Elizabeth , Small business -- South Africa -- Port Elizabeth -- Management -- Case studies
- Language: English
- Type: Thesis , Masters , MBA
- Identifier: vital:8892 , http://hdl.handle.net/10948/d1020862
- Description: Business incubation is a concept that describes a business development process that is used to grow successful, sustainable entrepreneurial ventures that will contribute to the health and wealth of local, regional and national economies. Incubators provide a place for businesses to build their foundations. Business incubators use a combination of physical space, resources and services to facilitate and develop businesses, enhance their progress, break down barriers to success, reduce risks and increase the potential for successful survival of early stage ventures., their progress, break down barriers to success, reduce risks and increase the potential for successful survival of early stage ventures. Business incubators are part of a larger value chain that connects enterprises to a vital support system. Most incubators connect their clients to local service providers (such as lawyers, corporate service providers or accountants) and establish relationships that will last after the firm leaves the incubator. Once an enterprise is ready to leave the incubator environment, it will need space to move into, which in turn, boosts property development and leasing. Because of the enhanced credibility of the business incubation process, landlords would be more confident as a stable, growing business can be a reliable tenant. The empirical object of the study is the Seda NMB ICT Incubator in Port Elizabeth. Eastern Cape. Like any other business an incubator is created to deliver a service or product for as long as possible and in this process must create value because the ultimate objective of any profit seeking business is to create wealth for its owners with due consideration of all its stakeholders (Brigham & Ehrhardt 2005:7-12). A preliminary investigation of the Seda NMB ICT Incubator raised the question whether the operation of this incubator meets the performance standards as identified in the international literature. The purpose of this study is therefore to establish whether the performance of the Seda NMB ICT Incubator is in line with generally accepted performance standards. At this stage the standards can be identified as a strategic alliance of the business (vision, mission and strategy), financing principles, management principles and human resource development and growth opportunities. The SEDA NMB ICT Incubator is financed as follows: Partly by the Department of Trade and Industry (the SEDA technology programme) and partly by the Nelson Mandela Bay Metropolitan Municipality. It is recommended that public/private partnerships should be formed to ensure the continuity of the Port Elizabeth incubator. A second recommendation is that the SEDA NMB Incubator becomes more focussed in terms of its clients it is serving. At present it is serving a wide variety of ICT clients ranging from website design, graphic art to preparing business plans for ICT businesses. The period of incubation may be too extended as some incubatees have been on the premises for more than five years. It is recommended that the SEDA NMB Incubator pays attention to the length of stay of an incubatee. The vast majority of the incubatees on the SEDA NMB Incubator premises are not compliant with business acts and regulations. Seven incubatees reported during the personal interview that they were not compliant with all the acts and regulations.
- Full Text:
- Date Issued: 2013
- Authors: Chandler, Leonard Mark
- Date: 2013
- Subjects: Business incubators -- South Africa -- Port Elizabeth , Economic development projects -- South Africa -- Port Elizabeth , Small business -- South Africa -- Port Elizabeth -- Management -- Case studies
- Language: English
- Type: Thesis , Masters , MBA
- Identifier: vital:8892 , http://hdl.handle.net/10948/d1020862
- Description: Business incubation is a concept that describes a business development process that is used to grow successful, sustainable entrepreneurial ventures that will contribute to the health and wealth of local, regional and national economies. Incubators provide a place for businesses to build their foundations. Business incubators use a combination of physical space, resources and services to facilitate and develop businesses, enhance their progress, break down barriers to success, reduce risks and increase the potential for successful survival of early stage ventures., their progress, break down barriers to success, reduce risks and increase the potential for successful survival of early stage ventures. Business incubators are part of a larger value chain that connects enterprises to a vital support system. Most incubators connect their clients to local service providers (such as lawyers, corporate service providers or accountants) and establish relationships that will last after the firm leaves the incubator. Once an enterprise is ready to leave the incubator environment, it will need space to move into, which in turn, boosts property development and leasing. Because of the enhanced credibility of the business incubation process, landlords would be more confident as a stable, growing business can be a reliable tenant. The empirical object of the study is the Seda NMB ICT Incubator in Port Elizabeth. Eastern Cape. Like any other business an incubator is created to deliver a service or product for as long as possible and in this process must create value because the ultimate objective of any profit seeking business is to create wealth for its owners with due consideration of all its stakeholders (Brigham & Ehrhardt 2005:7-12). A preliminary investigation of the Seda NMB ICT Incubator raised the question whether the operation of this incubator meets the performance standards as identified in the international literature. The purpose of this study is therefore to establish whether the performance of the Seda NMB ICT Incubator is in line with generally accepted performance standards. At this stage the standards can be identified as a strategic alliance of the business (vision, mission and strategy), financing principles, management principles and human resource development and growth opportunities. The SEDA NMB ICT Incubator is financed as follows: Partly by the Department of Trade and Industry (the SEDA technology programme) and partly by the Nelson Mandela Bay Metropolitan Municipality. It is recommended that public/private partnerships should be formed to ensure the continuity of the Port Elizabeth incubator. A second recommendation is that the SEDA NMB Incubator becomes more focussed in terms of its clients it is serving. At present it is serving a wide variety of ICT clients ranging from website design, graphic art to preparing business plans for ICT businesses. The period of incubation may be too extended as some incubatees have been on the premises for more than five years. It is recommended that the SEDA NMB Incubator pays attention to the length of stay of an incubatee. The vast majority of the incubatees on the SEDA NMB Incubator premises are not compliant with business acts and regulations. Seven incubatees reported during the personal interview that they were not compliant with all the acts and regulations.
- Full Text:
- Date Issued: 2013
The impact of crime on the South African economic growth
- Authors: Mtati, Nokuzola Julia
- Date: 2012
- Subjects: Crime -- Economic aspects -- South Africa , Crime -- Sociological aspects , Economic development -- South Africa , Criminal behavior
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:9131 , http://hdl.handle.net/10948/d1018644
- Description: Crime in South Africa has been escalating over the past few years. Crime affects all societies in South Africa. It occurs amongst the rich and the poor, in the suburbs as well as in the townships. Serious and violent crimes are reported in most of the national newspapers almost on daily basis. There is no single satisfactory answer as to the causes of crimes and its impact on the economy of South Africa. The aim of this research report is to assess the impact of crime in the South African economy. In order to formulate a conceptual and theoretical framework of the study, growth theories, namely neoclassical growth theory, Harrod-Domar growth model classical growth theory and endogenous growth theory were presented. Although all these growth theories relate to this study as crime cuts-across all sectors of the economy the endogenous growth theory was chosen as a theoretical framework on which to base this study. Endogenous growth theory deals with domestic absorption. Crime interferes with this absorption as it constitutes a cost to the economy. Firms lose profits whilst the opportunity cost of running prisons using a tax payers’ money continues to grow. This study is based on a quantitative research technique, using a vector error correction model (VECM) on a quarterly time series data over a period 2003 to 2011. The variables used to explain variations in economic growth over this period are crime, real interest rates, real exchange rates, unemployment and poverty. The findings of this study suggest that crime exerts a negative impact on economic growth in a long run in South Africa. However, this relationship is not statistically significant both in a short run and a long run. . However, no evidence of short run adjustments between crime and economic growth were found. There is a long run negative relationship between real interest rates and economic growth. This relationship is also statistically significant in a long run but not in a short run. However, the relationship between real interest rates and economic growth is positive in a short run. This can be explained by the fact that high interest rates attract foreign investments causing a rise in economic growth but in a long run high interest rates dampen domestic investments thereby aggravating the unemployment problem. Rising unemployment is likely to lead to increase levels of crime in South Africa. The results also show that unemployment has a negative relationship with economic growth both in the short run and a long run. However this relationship is not statistically significant in a short run but in a long run. Poverty has a negative relationship with economic growth in a short run but a positive relationship in a long run. However, in both instances the relationship between poverty and economic growth is not statistically significant. Real exchange rate has a positive relationship with economic growth in a long run but a negative relationship in a short run. This relationship is statistically significant in a long run but not in a short run. This means that the benefits of a weak currency in South Africa are realised in a long run. The implications of this study with regard to the variable of interest namely crime, is that crime constitutes a cost to the economy of South Africa. The econometric modelling used in this study suggests a negative relationship between crime and economic growth. This means that the problem of crime in South Africa goes beyond just simple counts on a number of offenses. Based on the findings of this study it is recommended that crime prevention is better than cure. Crime prevention should use a wide range of ideas and abilities found throughout the society. Community planning, neighbourhood action, juvenile advocacy, security planning, education and training are some of the ways in which crime actions can be mitigated in South Africa.
- Full Text:
- Date Issued: 2012
- Authors: Mtati, Nokuzola Julia
- Date: 2012
- Subjects: Crime -- Economic aspects -- South Africa , Crime -- Sociological aspects , Economic development -- South Africa , Criminal behavior
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:9131 , http://hdl.handle.net/10948/d1018644
- Description: Crime in South Africa has been escalating over the past few years. Crime affects all societies in South Africa. It occurs amongst the rich and the poor, in the suburbs as well as in the townships. Serious and violent crimes are reported in most of the national newspapers almost on daily basis. There is no single satisfactory answer as to the causes of crimes and its impact on the economy of South Africa. The aim of this research report is to assess the impact of crime in the South African economy. In order to formulate a conceptual and theoretical framework of the study, growth theories, namely neoclassical growth theory, Harrod-Domar growth model classical growth theory and endogenous growth theory were presented. Although all these growth theories relate to this study as crime cuts-across all sectors of the economy the endogenous growth theory was chosen as a theoretical framework on which to base this study. Endogenous growth theory deals with domestic absorption. Crime interferes with this absorption as it constitutes a cost to the economy. Firms lose profits whilst the opportunity cost of running prisons using a tax payers’ money continues to grow. This study is based on a quantitative research technique, using a vector error correction model (VECM) on a quarterly time series data over a period 2003 to 2011. The variables used to explain variations in economic growth over this period are crime, real interest rates, real exchange rates, unemployment and poverty. The findings of this study suggest that crime exerts a negative impact on economic growth in a long run in South Africa. However, this relationship is not statistically significant both in a short run and a long run. . However, no evidence of short run adjustments between crime and economic growth were found. There is a long run negative relationship between real interest rates and economic growth. This relationship is also statistically significant in a long run but not in a short run. However, the relationship between real interest rates and economic growth is positive in a short run. This can be explained by the fact that high interest rates attract foreign investments causing a rise in economic growth but in a long run high interest rates dampen domestic investments thereby aggravating the unemployment problem. Rising unemployment is likely to lead to increase levels of crime in South Africa. The results also show that unemployment has a negative relationship with economic growth both in the short run and a long run. However this relationship is not statistically significant in a short run but in a long run. Poverty has a negative relationship with economic growth in a short run but a positive relationship in a long run. However, in both instances the relationship between poverty and economic growth is not statistically significant. Real exchange rate has a positive relationship with economic growth in a long run but a negative relationship in a short run. This relationship is statistically significant in a long run but not in a short run. This means that the benefits of a weak currency in South Africa are realised in a long run. The implications of this study with regard to the variable of interest namely crime, is that crime constitutes a cost to the economy of South Africa. The econometric modelling used in this study suggests a negative relationship between crime and economic growth. This means that the problem of crime in South Africa goes beyond just simple counts on a number of offenses. Based on the findings of this study it is recommended that crime prevention is better than cure. Crime prevention should use a wide range of ideas and abilities found throughout the society. Community planning, neighbourhood action, juvenile advocacy, security planning, education and training are some of the ways in which crime actions can be mitigated in South Africa.
- Full Text:
- Date Issued: 2012
The effectiveness of succession planning in SARS enforcement Port Elizabeth
- Authors: Erasmus, Lynne
- Date: 2009
- Subjects: Executive succession , Manpower planning , Strategic planning
- Language: English
- Type: Thesis , Masters , MBA
- Identifier: vital:8669 , http://hdl.handle.net/10948/1208 , Executive succession , Manpower planning , Strategic planning
- Description: This research study addressed the importance of succession planning for the organisations’ survival, which depends on the continuous supply of competent, experienced and well trained managers. It addresses the problem of determining the strategies that can be used by SARS Enforcement Port Elizabeth to manage succession planning effectively. To achieve this objective a comprehensive literature study was performed to determine the views on various succession planning models. The literature review serves as a model in the development of a guideline for SARS Enforcement Port Elizabeth management to manage succession planning. An interview was conducted with the Human Resource Manager and Middle management from the various departments who were requested to complete a questionnaire in order to determine the current practices of succession planning. The questionnaire was developed in accordance with the findings from the research. A pilot study was conducted to evaluate the relevance of the study to the problem questions and to evaluate whether the questionnaire will be easily understood. The answers of the respondents were analysed and compared to the findings of the literature study. The information obtained from the literature study and from the respondents resulted in various recommendations and conclusions.
- Full Text:
- Date Issued: 2009
- Authors: Erasmus, Lynne
- Date: 2009
- Subjects: Executive succession , Manpower planning , Strategic planning
- Language: English
- Type: Thesis , Masters , MBA
- Identifier: vital:8669 , http://hdl.handle.net/10948/1208 , Executive succession , Manpower planning , Strategic planning
- Description: This research study addressed the importance of succession planning for the organisations’ survival, which depends on the continuous supply of competent, experienced and well trained managers. It addresses the problem of determining the strategies that can be used by SARS Enforcement Port Elizabeth to manage succession planning effectively. To achieve this objective a comprehensive literature study was performed to determine the views on various succession planning models. The literature review serves as a model in the development of a guideline for SARS Enforcement Port Elizabeth management to manage succession planning. An interview was conducted with the Human Resource Manager and Middle management from the various departments who were requested to complete a questionnaire in order to determine the current practices of succession planning. The questionnaire was developed in accordance with the findings from the research. A pilot study was conducted to evaluate the relevance of the study to the problem questions and to evaluate whether the questionnaire will be easily understood. The answers of the respondents were analysed and compared to the findings of the literature study. The information obtained from the literature study and from the respondents resulted in various recommendations and conclusions.
- Full Text:
- Date Issued: 2009
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