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
The influence of transformational and transcendental leadership on the engagement and job performance of employees in SMME’s
- Authors: Govender, Roxanne
- Date: 2018
- Subjects: Small business -- South Africa -- Port Elizabeth , Performance -- Management Job satisfaction -- South Africa --Port Elizabeth Leadership -- South Africa -- Port Elizabeth
- Language: English
- Type: Thesis , Masters , MBA
- Identifier: http://hdl.handle.net/10948/22167 , vital:29865
- Description: The purpose of this study was to assess the level of transformational and transcendental leadership adopted by SMME owners, and to investigate the subsequent influence on the engagement and job performance of employees working in SMME’s in Port Elizabeth. These small, medium and micro enterprises (SMME’s) were selected as they play a fundamental role in South Africa’s economy. These organisations drive innovation, facilitate job creation and foster economic growth. However, these SMME’s are facing an increased failure rate which has an impact on continuity for the foreseeable future. A significant reason for the increased failure rate has been identified as poor leadership practice which significantly influences the engagement and job performance of employees in SMME’s. To address and solve this problem, the research design and methodology followed a quantitative approach. A quantitative approach was deemed to be the most appropriate when the objectives and nature of the study were revised. The population was identified to be all employees working for the small, medium and micro-sized enterprises conducting business in Port Elizabeth in the Eastern Cape Province. The sample for this study was selected using judgement and convenience sampling as it was inexpensive and respondents were more available which enabled a larger sample size quicker (Wegner, 2016, p.161). A cross-sectional study then supplemented these sampling methods. Lastly, an empirical study was conducted to test the hypotheses formulated in Figure 1.1. The findings from the empirical study indicated that transformational leadership significantly influenced engagement and trancendental leadership significantly influenced job performance. The findings also indicated that the demographic variables in the study had no influence on the level of transformational and transcendental leadership that SMME owners and management exhibit in the workplace. The majority of respondents agreed that a high level of transformational and transcendental leadership was currently being exhibited by SMME owners and management. Recommendations were made in an effort to improve the current levels of transformational and transcendental leadership of SMME owners and management. There would be a subsequent impact on the engagement and job performance of employees. When employees are satisfied, there is a greater sense of responsibility and integrity which results in greater job performance. There is also a positive ripple effect on the performance of the organisation. This paints a positive picture for South Africa’s economy and SMME continuity.
- Full Text:
- Date Issued: 2018
- Authors: Govender, Roxanne
- Date: 2018
- Subjects: Small business -- South Africa -- Port Elizabeth , Performance -- Management Job satisfaction -- South Africa --Port Elizabeth Leadership -- South Africa -- Port Elizabeth
- Language: English
- Type: Thesis , Masters , MBA
- Identifier: http://hdl.handle.net/10948/22167 , vital:29865
- Description: The purpose of this study was to assess the level of transformational and transcendental leadership adopted by SMME owners, and to investigate the subsequent influence on the engagement and job performance of employees working in SMME’s in Port Elizabeth. These small, medium and micro enterprises (SMME’s) were selected as they play a fundamental role in South Africa’s economy. These organisations drive innovation, facilitate job creation and foster economic growth. However, these SMME’s are facing an increased failure rate which has an impact on continuity for the foreseeable future. A significant reason for the increased failure rate has been identified as poor leadership practice which significantly influences the engagement and job performance of employees in SMME’s. To address and solve this problem, the research design and methodology followed a quantitative approach. A quantitative approach was deemed to be the most appropriate when the objectives and nature of the study were revised. The population was identified to be all employees working for the small, medium and micro-sized enterprises conducting business in Port Elizabeth in the Eastern Cape Province. The sample for this study was selected using judgement and convenience sampling as it was inexpensive and respondents were more available which enabled a larger sample size quicker (Wegner, 2016, p.161). A cross-sectional study then supplemented these sampling methods. Lastly, an empirical study was conducted to test the hypotheses formulated in Figure 1.1. The findings from the empirical study indicated that transformational leadership significantly influenced engagement and trancendental leadership significantly influenced job performance. The findings also indicated that the demographic variables in the study had no influence on the level of transformational and transcendental leadership that SMME owners and management exhibit in the workplace. The majority of respondents agreed that a high level of transformational and transcendental leadership was currently being exhibited by SMME owners and management. Recommendations were made in an effort to improve the current levels of transformational and transcendental leadership of SMME owners and management. There would be a subsequent impact on the engagement and job performance of employees. When employees are satisfied, there is a greater sense of responsibility and integrity which results in greater job performance. There is also a positive ripple effect on the performance of the organisation. This paints a positive picture for South Africa’s economy and SMME continuity.
- Full Text:
- Date Issued: 2018
The success factors of SMME's in New Brighton, Port Elizabeth
- Authors: Ngcwangu, Sivuyo
- Date: 2015
- Subjects: Small business -- South Africa -- Port Elizabeth
- Language: English
- Type: Thesis , Masters , MBA
- Identifier: http://hdl.handle.net/10948/6369 , vital:21079
- Description: The important role played by small, medium and micro enterprises (SMMEs) in economic development has long been recognised by government at various levels in South Africa. The passing of the National Small Business Act, 1996 (Act 102 of 1996), and more significantly its Amendment Act of 2004 (Act 29 of 2004) which called into existence the Small Enterprise Development Agency (SEDA), as well as a range of strategies headed by the current Integrated Strategy on the Promotion of Entrepreneurship and Small Enterprises of 2005 bear testimony to a commitment on the part of the nation to small enterprise growth. There is vast research pertaining challenges facing small medium and micro enterprises (SMMEs) as well as factors that have a positive impact on the growth and success of these enterprises. This primary objective of this study was to identify successful SMMEs in the New Brighton Township, Port Elizabeth and investigate factors that have enabled them to maintain their stability over the years. Also, this study will investigated causes of SMME failure with the aim of providing possible solutions to these challenges. After a comprehensive literature review on SMMEs, the following variables were identified as possibly having an influence on the growth and profitability of small enterprises. These are: Entrepreneurial orientation; Customer focus; Human resources; Record keeping; Access to funding; External support; Training and education; Access to markets. These variables were used to construct research hypotheses and a conceptual model which could be used to address challenges faced by SMMEs.
- Full Text:
- Date Issued: 2015
- Authors: Ngcwangu, Sivuyo
- Date: 2015
- Subjects: Small business -- South Africa -- Port Elizabeth
- Language: English
- Type: Thesis , Masters , MBA
- Identifier: http://hdl.handle.net/10948/6369 , vital:21079
- Description: The important role played by small, medium and micro enterprises (SMMEs) in economic development has long been recognised by government at various levels in South Africa. The passing of the National Small Business Act, 1996 (Act 102 of 1996), and more significantly its Amendment Act of 2004 (Act 29 of 2004) which called into existence the Small Enterprise Development Agency (SEDA), as well as a range of strategies headed by the current Integrated Strategy on the Promotion of Entrepreneurship and Small Enterprises of 2005 bear testimony to a commitment on the part of the nation to small enterprise growth. There is vast research pertaining challenges facing small medium and micro enterprises (SMMEs) as well as factors that have a positive impact on the growth and success of these enterprises. This primary objective of this study was to identify successful SMMEs in the New Brighton Township, Port Elizabeth and investigate factors that have enabled them to maintain their stability over the years. Also, this study will investigated causes of SMME failure with the aim of providing possible solutions to these challenges. After a comprehensive literature review on SMMEs, the following variables were identified as possibly having an influence on the growth and profitability of small enterprises. These are: Entrepreneurial orientation; Customer focus; Human resources; Record keeping; Access to funding; External support; Training and education; Access to markets. These variables were used to construct research hypotheses and a conceptual model which could be used to address challenges faced by SMMEs.
- Full Text:
- Date Issued: 2015
Establish to what extent small and medium enterprises (SMEs) in the Port Elizabeth CBD comply with good governance principles and practices
- Authors: Mpafa, Dumisani
- Date: 2005
- Subjects: Corporate governance , Small business -- South Africa -- Port Elizabeth
- Language: English
- Type: Thesis , Masters , MBA
- Identifier: vital:10904 , http://hdl.handle.net/10948/163 , Corporate governance , Small business -- South Africa -- Port Elizabeth
- Description: Throughout the world, corporate or good governance has become such a dominating terminology in the ever -increasing business vocabulary. Its fast rise and strategic relevance to the global business communi ty is part ly due to the desi re by the business leaders wor ldwide to be seen to be doing something about the scourge of corporate failures resulting f rom poor governance. The objective of the research was to establish to what extent Smal l and Medium Enterpr ises (SMEs) comply with good governance principles and practices. The SMEs in the Port Elizabeth CBD were chosen as the representative population of the SME sector throughout the country. The research methodology included: A li terature study to determine, on the one hand the current good governance pract ices global ly, and on the other the role, relevance and the challenges of the SMEs in the South Af rican Economy. An empir ical study in order to obtain the empir ical evidence concerning SME compliance to good governance principles and pract ice. This was done through a survey of SME sector in the Port Elizabeth CBD. Lastly, the conclusion and recommendations. The conclusion was reached, inter alia, that the major ity of SMEs do not comply wi th good governance principles and pract ices for various reasons. Therefore the following recommendations were made: Recommended that the organisational accountants appointed in terms of the law should not confine themselves to the financial aspects of the business only, but also look at governance of these small businesses. Recommended that a sub-code for SMEs be developed. Recommended that the existing code of governance be amended to include a clause that requires large and establish businesses to insist on good governance in the SMEs they deal with at any level. Recommended that the South African Qualifications Authority (SAQA) should develop a qualification or unit standard on good governance to facilitate training on good governance. Since good governance knowledge is a key competence for every manager, especially senior management. It is recommended that institutions of higher learning should have good governance in their curriculum.
- Full Text:
- Date Issued: 2005
- Authors: Mpafa, Dumisani
- Date: 2005
- Subjects: Corporate governance , Small business -- South Africa -- Port Elizabeth
- Language: English
- Type: Thesis , Masters , MBA
- Identifier: vital:10904 , http://hdl.handle.net/10948/163 , Corporate governance , Small business -- South Africa -- Port Elizabeth
- Description: Throughout the world, corporate or good governance has become such a dominating terminology in the ever -increasing business vocabulary. Its fast rise and strategic relevance to the global business communi ty is part ly due to the desi re by the business leaders wor ldwide to be seen to be doing something about the scourge of corporate failures resulting f rom poor governance. The objective of the research was to establish to what extent Smal l and Medium Enterpr ises (SMEs) comply with good governance principles and practices. The SMEs in the Port Elizabeth CBD were chosen as the representative population of the SME sector throughout the country. The research methodology included: A li terature study to determine, on the one hand the current good governance pract ices global ly, and on the other the role, relevance and the challenges of the SMEs in the South Af rican Economy. An empir ical study in order to obtain the empir ical evidence concerning SME compliance to good governance principles and pract ice. This was done through a survey of SME sector in the Port Elizabeth CBD. Lastly, the conclusion and recommendations. The conclusion was reached, inter alia, that the major ity of SMEs do not comply wi th good governance principles and pract ices for various reasons. Therefore the following recommendations were made: Recommended that the organisational accountants appointed in terms of the law should not confine themselves to the financial aspects of the business only, but also look at governance of these small businesses. Recommended that a sub-code for SMEs be developed. Recommended that the existing code of governance be amended to include a clause that requires large and establish businesses to insist on good governance in the SMEs they deal with at any level. Recommended that the South African Qualifications Authority (SAQA) should develop a qualification or unit standard on good governance to facilitate training on good governance. Since good governance knowledge is a key competence for every manager, especially senior management. It is recommended that institutions of higher learning should have good governance in their curriculum.
- Full Text:
- Date Issued: 2005
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