Ranked factors influencing the sustainability and growth of SMMEs in the city of Port Elizabeth
- Authors: Bussy, Matthew
- Date: 2021-04
- Subjects: Business enterprises -- South Africa -- Port Elizabeth , Small business -- South Africa -- Port Elizabeth , Sustainable development -- South Africa -- Port Elizabeth
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/51050 , vital:43204
- Description: SMMEs are the backbone of both established and developing economies with their ability to contribute to a country’s GDP, create employment, stimulate innovation and create new revenue streams. In South Africa the majority of SMMEs do not reach the critical threshold period for sustainability, defined by the Small Enterprise Development Agency (SEDA) as three years. This study explores twenty-five barriers and influences (nine external and sixteen internal) as experienced by small businesses operating in the city of Port Elizabeth, and their effect on the sustainability and success of the small business. The internal barriers and influences are ranked according to their relative importance to business sustainability and success as viewed by small businesses in the city of Port Elizabeth. The research is exploratory in nature and was conducted using a structured questionnaire. The findings show that the nineteen barriers and influencers that are controllable within the business are all important to the success and sustainability of small businesses. Of these internal factors, the most important one relatively speaking is found to be the general management abilities of management, and the least important, relatively speaking, is the education levels of the non-management employees. , Thesis (MBA) -- Faculty of Business and Economic Sciences, Business Administration, 2021
- Full Text:
- Date Issued: 2021-04
- Authors: Bussy, Matthew
- Date: 2021-04
- Subjects: Business enterprises -- South Africa -- Port Elizabeth , Small business -- South Africa -- Port Elizabeth , Sustainable development -- South Africa -- Port Elizabeth
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/51050 , vital:43204
- Description: SMMEs are the backbone of both established and developing economies with their ability to contribute to a country’s GDP, create employment, stimulate innovation and create new revenue streams. In South Africa the majority of SMMEs do not reach the critical threshold period for sustainability, defined by the Small Enterprise Development Agency (SEDA) as three years. This study explores twenty-five barriers and influences (nine external and sixteen internal) as experienced by small businesses operating in the city of Port Elizabeth, and their effect on the sustainability and success of the small business. The internal barriers and influences are ranked according to their relative importance to business sustainability and success as viewed by small businesses in the city of Port Elizabeth. The research is exploratory in nature and was conducted using a structured questionnaire. The findings show that the nineteen barriers and influencers that are controllable within the business are all important to the success and sustainability of small businesses. Of these internal factors, the most important one relatively speaking is found to be the general management abilities of management, and the least important, relatively speaking, is the education levels of the non-management employees. , Thesis (MBA) -- Faculty of Business and Economic Sciences, Business Administration, 2021
- Full Text:
- Date Issued: 2021-04
Modeling economic behaviour in South Africa's informal urban retail trade sector: the case of Port Elizabeth
- Authors: Qabhobho, Thobekile
- Date: 2012
- Subjects: Retail trade -- South Africa -- Port Elizabeth , Business enterprises -- South Africa -- Port Elizabeth
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:9008 , http://hdl.handle.net/10948/d1012855
- Description: Even though South Africa‟s historical inequalities are addressed, serious economic disparities are still evident. The informal economy is not flourishing as it should be, especially when compared to other fledgling democracies on the continent and this poses a policy question since most of the participants of this sector are from the previously disadvantaged section of the population. One policy dilemma that comes to the fore is about how to ensure that there is increased productivity in the sector so that the sector‟s contribution to the national economy can be enhanced. While the actual share of the economy contributed by the informal economy is difficult to ascertain there is evidence that this constitutes less than one fifth of South Africa‟s GDP. Within the informal economy trading appears to be the dominant economic activity. Despite the importance of the informal trade the sector has not attracted the needed attention in the literature either locally or internationally. The area that has received much attention by researchers has been the informal financial sector. Drawing on a standard revenue model for the informal trade sector this study examines the factors that explain differences in the performance of the retail trade businesses; given that these can be identified an effort should then be made to explore the policy measures that can improve the performance of these firms. The study is based on a sample of 300 informal retail traders in the Port Elizabeth environ. The regression analysis presented in this study suggests that residential area, capital, labour, inventory and age of a business are important determinants of an informal retail trade firm‟s revenue. Very few informal retailers indicated that they had businesses training. The survey results show that having a supplier close to the business assists in reducing transport costs, hence the increase in profit margins. Shelters and storages were found to be very useful in the operation of informal businesses.
- Full Text:
- Date Issued: 2012
- Authors: Qabhobho, Thobekile
- Date: 2012
- Subjects: Retail trade -- South Africa -- Port Elizabeth , Business enterprises -- South Africa -- Port Elizabeth
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: vital:9008 , http://hdl.handle.net/10948/d1012855
- Description: Even though South Africa‟s historical inequalities are addressed, serious economic disparities are still evident. The informal economy is not flourishing as it should be, especially when compared to other fledgling democracies on the continent and this poses a policy question since most of the participants of this sector are from the previously disadvantaged section of the population. One policy dilemma that comes to the fore is about how to ensure that there is increased productivity in the sector so that the sector‟s contribution to the national economy can be enhanced. While the actual share of the economy contributed by the informal economy is difficult to ascertain there is evidence that this constitutes less than one fifth of South Africa‟s GDP. Within the informal economy trading appears to be the dominant economic activity. Despite the importance of the informal trade the sector has not attracted the needed attention in the literature either locally or internationally. The area that has received much attention by researchers has been the informal financial sector. Drawing on a standard revenue model for the informal trade sector this study examines the factors that explain differences in the performance of the retail trade businesses; given that these can be identified an effort should then be made to explore the policy measures that can improve the performance of these firms. The study is based on a sample of 300 informal retail traders in the Port Elizabeth environ. The regression analysis presented in this study suggests that residential area, capital, labour, inventory and age of a business are important determinants of an informal retail trade firm‟s revenue. Very few informal retailers indicated that they had businesses training. The survey results show that having a supplier close to the business assists in reducing transport costs, hence the increase in profit margins. Shelters and storages were found to be very useful in the operation of informal businesses.
- Full Text:
- Date Issued: 2012
Sustainable growth of SME's
- Monks, Patrick Grant Standish
- Authors: Monks, Patrick Grant Standish
- Date: 2010
- Subjects: Success in business -- South Africa -- Port Elizabeth , Business enterprises -- South Africa -- Port Elizabeth
- Language: English
- Type: Thesis , Masters , MBA
- Identifier: vital:8627 , http://hdl.handle.net/10948/1488 , Success in business -- South Africa -- Port Elizabeth , Business enterprises -- South Africa -- Port Elizabeth
- Description: South Africa and more specifically Port Elizabeth is faced with many challenges with regard to economic growth and unemployment. It is generally acknowledged that the “Small to Medium Enterprises” (SME) are the largest employers in any economy, additionally SME’s are large contributors to the gross domestic product. Successful SME’s are the catalysts of the economy and over time they can develop into large enterprises. It is clear that in order for a country to have a strong and sustainable economy it needs to have a strong and successful SME sector. Unfortunately the South African SME sector performs relatively poorly in comparison with the SME sectors around the world (Herrington, Kew & Kew, 2009). With the knowledge of the importance of the SME sector to the economy and the knowledge that the South African SME’s are generally underperforming, this study will identify how to improve the relative success rate of the SME sector in Port Elizabeth South Africa. In order to achieve this, this study needs to identify why the SME sector is not performing on a par with other SME sectors from around the globe and what initiatives need to be implemented in Port Elizabeth that will enable its SME sector to perform at the same level or better than other SME sectors from around the globe. This study identifies that the South African SME’s are provided with a number of support initiatives. Some of these support initiatives have been very effective, while other support initiatives have been unsuccessful or have failed. This study concludes by identifying a number of areas that need improvement; of these areas two are identified as being critical to SME’s success and sustainability, these two areas are: · The need to make SME’s more aware of the government / business initiatives that are available; and · Establish more effective mentoring and coaching. In order to address these critical areas, the study suggests the use of an internet portal that can be used to coordinate all the activities between the mentors and the SME’s. This internet portal will be expanded to become the core information hub and collaboration centre for the flow of information between the SME’s and any of their stakeholders. Once all this information is centralised it will be a relatively simple process to measure the success rate of the SME’s and the effectiveness of the different mentors.
- Full Text:
- Date Issued: 2010
- Authors: Monks, Patrick Grant Standish
- Date: 2010
- Subjects: Success in business -- South Africa -- Port Elizabeth , Business enterprises -- South Africa -- Port Elizabeth
- Language: English
- Type: Thesis , Masters , MBA
- Identifier: vital:8627 , http://hdl.handle.net/10948/1488 , Success in business -- South Africa -- Port Elizabeth , Business enterprises -- South Africa -- Port Elizabeth
- Description: South Africa and more specifically Port Elizabeth is faced with many challenges with regard to economic growth and unemployment. It is generally acknowledged that the “Small to Medium Enterprises” (SME) are the largest employers in any economy, additionally SME’s are large contributors to the gross domestic product. Successful SME’s are the catalysts of the economy and over time they can develop into large enterprises. It is clear that in order for a country to have a strong and sustainable economy it needs to have a strong and successful SME sector. Unfortunately the South African SME sector performs relatively poorly in comparison with the SME sectors around the world (Herrington, Kew & Kew, 2009). With the knowledge of the importance of the SME sector to the economy and the knowledge that the South African SME’s are generally underperforming, this study will identify how to improve the relative success rate of the SME sector in Port Elizabeth South Africa. In order to achieve this, this study needs to identify why the SME sector is not performing on a par with other SME sectors from around the globe and what initiatives need to be implemented in Port Elizabeth that will enable its SME sector to perform at the same level or better than other SME sectors from around the globe. This study identifies that the South African SME’s are provided with a number of support initiatives. Some of these support initiatives have been very effective, while other support initiatives have been unsuccessful or have failed. This study concludes by identifying a number of areas that need improvement; of these areas two are identified as being critical to SME’s success and sustainability, these two areas are: · The need to make SME’s more aware of the government / business initiatives that are available; and · Establish more effective mentoring and coaching. In order to address these critical areas, the study suggests the use of an internet portal that can be used to coordinate all the activities between the mentors and the SME’s. This internet portal will be expanded to become the core information hub and collaboration centre for the flow of information between the SME’s and any of their stakeholders. Once all this information is centralised it will be a relatively simple process to measure the success rate of the SME’s and the effectiveness of the different mentors.
- Full Text:
- Date Issued: 2010
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