Factors that influence business success in the Schauderville, Korsten and Gelvandale township areas of the Nelson Mandela Bay
- Authors: Fisher, Theo Andre
- Date: 2018
- Subjects: Success in business -- South Africa -- Nelson Mandela Bay Municipality , Small business -- South Africa -- Nelson Mandela Bay Municipality -- Management Economic development -- South Africa -- Nelson Mandela Bay Municipality
- Language: English
- Type: Thesis , Masters , MBA
- Identifier: http://hdl.handle.net/10948/21938 , vital:29803
- Description: Presently, all South African businesses, including South African township small businesses, are required to be agile, innovative and highly adaptive in order to survive in a tough retail-trading environment. The reasons for having to adapt their strategies are due to the poor economic conditions and political uncertainty that South Africans are currently experiencing. Businesses owners are facing various challenges and have to mitigate and even eliminate numerous negative influences that potentially impede the growth and the sustainability of their businesses. The purpose for undertaking this research study was to establish a deeper understanding of township small businesses that operate in the township setting in South Africa. Many residents of the Schauderville, Korsten and Gelvandale townships areas in the Nelson Mandela Bay are unemployed. Some unemployed residents and those who were retrenched due to the tough South African economic environment started their own businesses, with the expectation of earning a sustainable income. However, the majority of these businesses were not able to establish themselves successfully. The question addressed in this study was therefore: what factors influence the success of small businesses in the Schauderville, Korsten and Gelvandale townships situated of the Nelson Mandela Bay? Thereafter, the researcher recommended strategies that the township small business owners should implement to improve their chances of operating more successful businesses. The selected factors that could negatively impact township small business success are mentioned below. The influencing factors that were discussed are: Competition; The formal and informal education levels of business owners and the township communities; The unemployment rate of township dwellers; Crime; and the disposable income levels of township communities. The research findings indicate that the majority of the township small businesses are influenced by the mentioned factors, especially crime. This conclusion was made after a sample of 50 respondents had completed structured interview questionnaires and after the results of the questionnaires had been analysed. This research study targeted township small business owners who operate in the Schauderville, Korsten and Gelvandale townships of the Nelson Mandela Bay. The researcher’s intention was to assist the township small business owners with strategies to mitigate the influences that competition (from locally owned township small businesses, foreign shopkeepers and township shopping malls), formal and informal education levels, unemployment, crime and disposable income levels of township communities have on their small businesses. In conclusion, the results of the research study show that the small business owners, together with government, should implement the recommendations that were made by the researcher in order to improve the success rate of their township small businesses. More vibrant and successful township small businesses will ultimately lead to better job opportunities and eventually to a flourishing South African economy.
- Full Text:
- Date Issued: 2018
- Authors: Fisher, Theo Andre
- Date: 2018
- Subjects: Success in business -- South Africa -- Nelson Mandela Bay Municipality , Small business -- South Africa -- Nelson Mandela Bay Municipality -- Management Economic development -- South Africa -- Nelson Mandela Bay Municipality
- Language: English
- Type: Thesis , Masters , MBA
- Identifier: http://hdl.handle.net/10948/21938 , vital:29803
- Description: Presently, all South African businesses, including South African township small businesses, are required to be agile, innovative and highly adaptive in order to survive in a tough retail-trading environment. The reasons for having to adapt their strategies are due to the poor economic conditions and political uncertainty that South Africans are currently experiencing. Businesses owners are facing various challenges and have to mitigate and even eliminate numerous negative influences that potentially impede the growth and the sustainability of their businesses. The purpose for undertaking this research study was to establish a deeper understanding of township small businesses that operate in the township setting in South Africa. Many residents of the Schauderville, Korsten and Gelvandale townships areas in the Nelson Mandela Bay are unemployed. Some unemployed residents and those who were retrenched due to the tough South African economic environment started their own businesses, with the expectation of earning a sustainable income. However, the majority of these businesses were not able to establish themselves successfully. The question addressed in this study was therefore: what factors influence the success of small businesses in the Schauderville, Korsten and Gelvandale townships situated of the Nelson Mandela Bay? Thereafter, the researcher recommended strategies that the township small business owners should implement to improve their chances of operating more successful businesses. The selected factors that could negatively impact township small business success are mentioned below. The influencing factors that were discussed are: Competition; The formal and informal education levels of business owners and the township communities; The unemployment rate of township dwellers; Crime; and the disposable income levels of township communities. The research findings indicate that the majority of the township small businesses are influenced by the mentioned factors, especially crime. This conclusion was made after a sample of 50 respondents had completed structured interview questionnaires and after the results of the questionnaires had been analysed. This research study targeted township small business owners who operate in the Schauderville, Korsten and Gelvandale townships of the Nelson Mandela Bay. The researcher’s intention was to assist the township small business owners with strategies to mitigate the influences that competition (from locally owned township small businesses, foreign shopkeepers and township shopping malls), formal and informal education levels, unemployment, crime and disposable income levels of township communities have on their small businesses. In conclusion, the results of the research study show that the small business owners, together with government, should implement the recommendations that were made by the researcher in order to improve the success rate of their township small businesses. More vibrant and successful township small businesses will ultimately lead to better job opportunities and eventually to a flourishing South African economy.
- Full Text:
- Date Issued: 2018
Critical factors for business success in co-operatives
- Authors: Mpongoshe, Lukhanyiso
- Date: 2013
- Subjects: Cooperative societies -- South Africa -- Nelson Mandela Bay Municipality , Success in business -- South Africa -- Nelson Mandela Bay Municipality
- Language: English
- Type: Thesis , Masters , MBA
- Identifier: vital:8842 , http://hdl.handle.net/10948/d1020041
- Description: Many countries that have achieved economic development have a dynamic co-operative sector which contributes substantially to the development of these economies. From a global perspective, co-operatives have been proven to be flexible in meeting a wide variety of social and economic human needs such as job creation, alleviation of poverty and building of communities. With the drive to decrease poverty in South Africa, there has been an increased interest to support co-operatives with the intention to provide employment, social development and building communities/ community care. It seems, however, that South Africa has not yet reached the same momentum in the co-operatives movement as elsewhere in the world and the economy is still characterized by a high unemployment rate and a low growth rate (Van der Walt, 2002). This study is an attempt to determine the factors for business success in co-operatives by assessing the strengths and weaknesses of co-operative businesses within the Nelson Mandela Metropolitan Municipality in the Eastern Cape. The study includes an extensive literature review on the nature and prevalence of co-operatives in South Africa where challenges faced by South African co-operatives and particularly those in the Eastern Cape Province, are indicated. It also highlights international best practice and reveals that for co-operative success, apart for functioning by the International Seven Cooperative Principles, knowledge and expertise in business management are absolutely necessary so that co-operatives can be profitable and sustainable. With this knowledge, an adapted form of the Small Enterprise Development Agency (SEDA) Small Business Assessment Tool was used to formulate the questionnaire and to review business management literature. A survey conducted involved fifty-one co-operative members on the database of the Nelson Mandela Metropolitan University Business Unit. The opinions of the respondents were compared with the guidelines provided by the literature in the study in order to identify the strengths and weaknesses of these co-operatives, which then determine the critical success factors for business success in co-operatives. The empirical results show that the co-operative members understand co-operative principles and function through them. They have a fairly general knowledge of business management. The results also show significantly positive correlations between Marketing Management, Financial Management, Operations Management, Human Resources Management and General Management, on the one hand, and the business success of co-operatives, on the other hand. This indicates that these respondents recognize the importance of these business functions in the success of their businesses. However, failures and weaknesses experienced in these areas lead to the recommendations that they need to be mentored as they cannot put this knowledge into application, and secondly, they need financial assistance and support to sustain the co-operative businesses.
- Full Text:
- Date Issued: 2013
- Authors: Mpongoshe, Lukhanyiso
- Date: 2013
- Subjects: Cooperative societies -- South Africa -- Nelson Mandela Bay Municipality , Success in business -- South Africa -- Nelson Mandela Bay Municipality
- Language: English
- Type: Thesis , Masters , MBA
- Identifier: vital:8842 , http://hdl.handle.net/10948/d1020041
- Description: Many countries that have achieved economic development have a dynamic co-operative sector which contributes substantially to the development of these economies. From a global perspective, co-operatives have been proven to be flexible in meeting a wide variety of social and economic human needs such as job creation, alleviation of poverty and building of communities. With the drive to decrease poverty in South Africa, there has been an increased interest to support co-operatives with the intention to provide employment, social development and building communities/ community care. It seems, however, that South Africa has not yet reached the same momentum in the co-operatives movement as elsewhere in the world and the economy is still characterized by a high unemployment rate and a low growth rate (Van der Walt, 2002). This study is an attempt to determine the factors for business success in co-operatives by assessing the strengths and weaknesses of co-operative businesses within the Nelson Mandela Metropolitan Municipality in the Eastern Cape. The study includes an extensive literature review on the nature and prevalence of co-operatives in South Africa where challenges faced by South African co-operatives and particularly those in the Eastern Cape Province, are indicated. It also highlights international best practice and reveals that for co-operative success, apart for functioning by the International Seven Cooperative Principles, knowledge and expertise in business management are absolutely necessary so that co-operatives can be profitable and sustainable. With this knowledge, an adapted form of the Small Enterprise Development Agency (SEDA) Small Business Assessment Tool was used to formulate the questionnaire and to review business management literature. A survey conducted involved fifty-one co-operative members on the database of the Nelson Mandela Metropolitan University Business Unit. The opinions of the respondents were compared with the guidelines provided by the literature in the study in order to identify the strengths and weaknesses of these co-operatives, which then determine the critical success factors for business success in co-operatives. The empirical results show that the co-operative members understand co-operative principles and function through them. They have a fairly general knowledge of business management. The results also show significantly positive correlations between Marketing Management, Financial Management, Operations Management, Human Resources Management and General Management, on the one hand, and the business success of co-operatives, on the other hand. This indicates that these respondents recognize the importance of these business functions in the success of their businesses. However, failures and weaknesses experienced in these areas lead to the recommendations that they need to be mentored as they cannot put this knowledge into application, and secondly, they need financial assistance and support to sustain the co-operative businesses.
- Full Text:
- Date Issued: 2013
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