Barriers faced by SMMEs in accessing finance
- Authors: Caga, Siyabonga Macpherson
- Date: 2012
- Subjects: Small business -- Finance , Small business
- Language: English
- Type: Thesis , Masters , MBA
- Identifier: vital:8784 , http://hdl.handle.net/10948/d1013348
- Description: SMMEs have been cited as major players in economic development in South Africa and in other developing countries. In South Africa SMMEs contribute more than 52 percent towards the GDP. Subsequently, the South African government has taken various steps to encourage their growth and to improve access to finance for SMMEs. Despite this, securing finance remains a challenge in this group of enterprises. Since SMMEs have unique financial needs, commercial banks and other funders are faced with difficulties in catering for them. Banks in particular have been reluctant in financing these high-risk ventures. SMME owners as a result still prefer informal sources of finance such as personal savings, retained earnings or friends or family rather than bank loans. The study purpose was to examine the barriers that are faced by SMMEs in accessing finance. To do this a survey was conducted on 40 SMMEs operating in the manufacturing sector in Tshwane Metropolitan Municipality. The research findings indicated various barriers that are faced by SMMEs in accessing finance. Dominating among the barriers are those that are related to perceived risks of SMMEs by funders, including lack of collateral or business assets, lack of financial statements, excessive red tape by funders, administrative burden associated with applications as well as unfair evaluation of risks and profitability of SMMEs by funders. Other factors that were identified as barriers were those that are associated with poor business plan development, poor business training and development and source of funding. The majority of the respondents recommended that there must be better risk and profitability evaluation, easy loan repayment methods, more government support for SMMEs, flexible eligibility criteria for SMME loans and proper loan amount allocations.
- Full Text:
- Date Issued: 2012
- Authors: Caga, Siyabonga Macpherson
- Date: 2012
- Subjects: Small business -- Finance , Small business
- Language: English
- Type: Thesis , Masters , MBA
- Identifier: vital:8784 , http://hdl.handle.net/10948/d1013348
- Description: SMMEs have been cited as major players in economic development in South Africa and in other developing countries. In South Africa SMMEs contribute more than 52 percent towards the GDP. Subsequently, the South African government has taken various steps to encourage their growth and to improve access to finance for SMMEs. Despite this, securing finance remains a challenge in this group of enterprises. Since SMMEs have unique financial needs, commercial banks and other funders are faced with difficulties in catering for them. Banks in particular have been reluctant in financing these high-risk ventures. SMME owners as a result still prefer informal sources of finance such as personal savings, retained earnings or friends or family rather than bank loans. The study purpose was to examine the barriers that are faced by SMMEs in accessing finance. To do this a survey was conducted on 40 SMMEs operating in the manufacturing sector in Tshwane Metropolitan Municipality. The research findings indicated various barriers that are faced by SMMEs in accessing finance. Dominating among the barriers are those that are related to perceived risks of SMMEs by funders, including lack of collateral or business assets, lack of financial statements, excessive red tape by funders, administrative burden associated with applications as well as unfair evaluation of risks and profitability of SMMEs by funders. Other factors that were identified as barriers were those that are associated with poor business plan development, poor business training and development and source of funding. The majority of the respondents recommended that there must be better risk and profitability evaluation, easy loan repayment methods, more government support for SMMEs, flexible eligibility criteria for SMME loans and proper loan amount allocations.
- Full Text:
- Date Issued: 2012
Epirismm: an enterprise information risk management model
- Authors: Lategan, Neil
- Date: 2006
- Subjects: Risk management , Small business , Information technology -- Security measures
- Language: English
- Type: Thesis , Masters , MTech
- Identifier: vital:9734 , http://hdl.handle.net/10948/541 , Risk management , Small business , Information technology -- Security measures
- Description: Today, information is considered a commodity and no enterprise can operate without it. Indeed, the information and the supporting technology are pivotal in all enterprises. However, a major problem being experienced in the business environment is that enterprise risk cannot be managed effectively because business and information-related risk are not congruently aligned with risk management terminology and practices. The business environment and information technology are bound together by information. For this reason, it is imperative that risk management is synergised in the business, ICT (Information and Communication Technology) and information environments. A thorough, all inclusive, risk analysis exercise needs to be conducted in business and supporting environments in order to develop an effective internal control system. Such an internal control system should reduce the exposure of risk and aid the safeguarding of assets. Indeed, in today’s so-called information age, where business processes integrate the business and ICT environments, it is imperative that a unary internal control system be established, based on a holistic risk management exercise. To ensure that the enterprise, information and ICT environments operate free of the risks that threaten them, the risks should be properly governed. A model, EPiRISMM (Enterprise Information Risk Management Model) is proposed that offers to combine risk management practices from an ICT, information, governance, and enterprise perspective because there are so many overlapping aspects inherent in them. EPiRISMM combines various well-known standards and frameworks into one coherent model. By employing EPiRISMM, an enterprise will be able to eliminate the traditional segmented approach of the ICT department and thus eliminate any previous discontinuity in risk management practices.
- Full Text:
- Date Issued: 2006
- Authors: Lategan, Neil
- Date: 2006
- Subjects: Risk management , Small business , Information technology -- Security measures
- Language: English
- Type: Thesis , Masters , MTech
- Identifier: vital:9734 , http://hdl.handle.net/10948/541 , Risk management , Small business , Information technology -- Security measures
- Description: Today, information is considered a commodity and no enterprise can operate without it. Indeed, the information and the supporting technology are pivotal in all enterprises. However, a major problem being experienced in the business environment is that enterprise risk cannot be managed effectively because business and information-related risk are not congruently aligned with risk management terminology and practices. The business environment and information technology are bound together by information. For this reason, it is imperative that risk management is synergised in the business, ICT (Information and Communication Technology) and information environments. A thorough, all inclusive, risk analysis exercise needs to be conducted in business and supporting environments in order to develop an effective internal control system. Such an internal control system should reduce the exposure of risk and aid the safeguarding of assets. Indeed, in today’s so-called information age, where business processes integrate the business and ICT environments, it is imperative that a unary internal control system be established, based on a holistic risk management exercise. To ensure that the enterprise, information and ICT environments operate free of the risks that threaten them, the risks should be properly governed. A model, EPiRISMM (Enterprise Information Risk Management Model) is proposed that offers to combine risk management practices from an ICT, information, governance, and enterprise perspective because there are so many overlapping aspects inherent in them. EPiRISMM combines various well-known standards and frameworks into one coherent model. By employing EPiRISMM, an enterprise will be able to eliminate the traditional segmented approach of the ICT department and thus eliminate any previous discontinuity in risk management practices.
- Full Text:
- Date Issued: 2006
Adoption and sustained use of M-Commerce to improve efficacy of construction SMMEs
- Authors: Williams, Zenande
- Date: 2011
- Subjects: Construction industry , Mobile commerce , Small business , Computer-assisted instruction , Interactive videos
- Language: English
- Type: Thesis , Masters , MCom (Information Systems)
- Identifier: vital:11125 , http://hdl.handle.net/10353/528 , Construction industry , Mobile commerce , Small business , Computer-assisted instruction , Interactive videos
- Description: E-commerce has been said to bring value to businesses by improving business efficiency and effectiveness and thus providing business with a competitive advantage through the potential benefits that it offers (Cloete, Courtney & Fintz, 2002). However, despite the potential benefits that e-commerce can offer, the adoption of B2C e-commerce in South African construction SMMEs is low and this is due to the challenges associated with e-commerce (Vaithanathan, 2010; Uzoka, Shemi & Seleka, 2007; Love & Irani, 2004; Anumba & Ruikar, 2002). These e-commerce challenges include: high implementation costs, lack or poor infrastructure, inadequate resources, low use of e-commerce by suppliers and consumers, lack of access to e-commerce, computer illiteracy, deficiency in understanding the potential benefits of e-commerce and security concerns (Vaithanathan, 2010; Uzoka, Shemi, & Seleka, 2007; Mensah, Bahta, & Mhlanga, 2005; Cloete, Courtney, & Fintz, 2002). Therefore, due to these e-commerce challenges, construction SMMEs do not exploit the business advantages that e-commerce offers. In order to assist South African construction SMMEs in their efforts to improve their business effectiveness and efficiency through commercial technologies.
- Full Text:
- Date Issued: 2011
- Authors: Williams, Zenande
- Date: 2011
- Subjects: Construction industry , Mobile commerce , Small business , Computer-assisted instruction , Interactive videos
- Language: English
- Type: Thesis , Masters , MCom (Information Systems)
- Identifier: vital:11125 , http://hdl.handle.net/10353/528 , Construction industry , Mobile commerce , Small business , Computer-assisted instruction , Interactive videos
- Description: E-commerce has been said to bring value to businesses by improving business efficiency and effectiveness and thus providing business with a competitive advantage through the potential benefits that it offers (Cloete, Courtney & Fintz, 2002). However, despite the potential benefits that e-commerce can offer, the adoption of B2C e-commerce in South African construction SMMEs is low and this is due to the challenges associated with e-commerce (Vaithanathan, 2010; Uzoka, Shemi & Seleka, 2007; Love & Irani, 2004; Anumba & Ruikar, 2002). These e-commerce challenges include: high implementation costs, lack or poor infrastructure, inadequate resources, low use of e-commerce by suppliers and consumers, lack of access to e-commerce, computer illiteracy, deficiency in understanding the potential benefits of e-commerce and security concerns (Vaithanathan, 2010; Uzoka, Shemi, & Seleka, 2007; Mensah, Bahta, & Mhlanga, 2005; Cloete, Courtney, & Fintz, 2002). Therefore, due to these e-commerce challenges, construction SMMEs do not exploit the business advantages that e-commerce offers. In order to assist South African construction SMMEs in their efforts to improve their business effectiveness and efficiency through commercial technologies.
- Full Text:
- Date Issued: 2011
The impact of the global financial crisis on small businesses
- Authors: Dontoni, Jovani Zavatunga
- Date: 2014
- Subjects: Global Financial Crisis , Small business
- Language: English
- Type: Thesis , Masters , MTech
- Identifier: vital:9333 , http://hdl.handle.net/10948/d1021187
- Description: The creation and survival of SMEs largely continues to depend upon access to financing. When a financial crisis in the USA becomes a global economic crisis, SMEs and entrepreneurs all over the world suffer what can be called a double shock; a drop in demand for goods and services and a further tightening in credit terms. It becomes important therefore, to have a strategy on how to tackle the difficulties created by the crisis. Governments are trying to respond by helping to support sales and prevent bankruptcy of SMEs; by increasing access to liquidity, and by helping SMEs to maintain their investment level. Adequate responses of small businesses to the global financial crisis will determine how they will be impacted by the global financial crisis. Many research studies have shown how businesses behave in times of economic abundance. Although over ten economic recessions occurred during the past century, research on the response of businesses to financial challenges remains low. For this reason, the aim of this research was to demonstrate the response of small business owners and managers to the global financial crisis. To achieve this objective, the researcher used an integrated study method, as follows: A systematic literature review of the importance of small businesses in the economy and the implications of the global financial crises in the world and the South African economies. An empirical survey was conducted on small businesses in the Nelson Mandela Bay area in order to demonstrate their response to the global financial crisis. The results of the literature review and the empirical survey allowed the research to come to the conclusion that during times of financial challenges, small businesses decrease the number of people employed (only employ the people needed), increase efficiency through management, and reduce costs through efficient operations. This study contributes to the literature on small business responsive behaviour during times of economic crisis. As a result, this study presents recommendations and suggestions to assist owners and/or managers to respond appropriately to times of financial contraction.
- Full Text:
- Date Issued: 2014
- Authors: Dontoni, Jovani Zavatunga
- Date: 2014
- Subjects: Global Financial Crisis , Small business
- Language: English
- Type: Thesis , Masters , MTech
- Identifier: vital:9333 , http://hdl.handle.net/10948/d1021187
- Description: The creation and survival of SMEs largely continues to depend upon access to financing. When a financial crisis in the USA becomes a global economic crisis, SMEs and entrepreneurs all over the world suffer what can be called a double shock; a drop in demand for goods and services and a further tightening in credit terms. It becomes important therefore, to have a strategy on how to tackle the difficulties created by the crisis. Governments are trying to respond by helping to support sales and prevent bankruptcy of SMEs; by increasing access to liquidity, and by helping SMEs to maintain their investment level. Adequate responses of small businesses to the global financial crisis will determine how they will be impacted by the global financial crisis. Many research studies have shown how businesses behave in times of economic abundance. Although over ten economic recessions occurred during the past century, research on the response of businesses to financial challenges remains low. For this reason, the aim of this research was to demonstrate the response of small business owners and managers to the global financial crisis. To achieve this objective, the researcher used an integrated study method, as follows: A systematic literature review of the importance of small businesses in the economy and the implications of the global financial crises in the world and the South African economies. An empirical survey was conducted on small businesses in the Nelson Mandela Bay area in order to demonstrate their response to the global financial crisis. The results of the literature review and the empirical survey allowed the research to come to the conclusion that during times of financial challenges, small businesses decrease the number of people employed (only employ the people needed), increase efficiency through management, and reduce costs through efficient operations. This study contributes to the literature on small business responsive behaviour during times of economic crisis. As a result, this study presents recommendations and suggestions to assist owners and/or managers to respond appropriately to times of financial contraction.
- Full Text:
- Date Issued: 2014
Impact of Chinese small business on sustainable livelihoods in Port Elizabeth after 1994
- Authors: Pang, Jing
- Date: 2013
- Subjects: Economic assistance, Chinese , Small business , Entrepreneurship , South Africa -- Politics and government --1994-
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:9229 , http://hdl.handle.net/10948/d1020983
- Description: Since the advent of democracy in April 1994, the issues of economic empowerment and growth have been high on the agenda of the Government of National Unity of South Africa. In order to achieve social-economic growth, resolve wealth and asset gaps between rich and poor, decrease unemployment and meet the Millennium Development Goals, government has sought efficient mechanisms of transformation. The formation of SMMEs was put forward as a solution to solve the above problems. SMMEs play a vital role in economic development and livelihoods uplifting. The purpose of this study is to examine how Chinese SMMEs have impacted on sustainable livelihoods in Nelson Mandela Bay Metropolitan District. The study has identified the challenges of local livelihoods in the district. The findings on the effects of Chinese SMMEs were that: (1) They have provided affordable goods and services to local people, improving livelihoods by means of reducing living costs of the local population and thus providing relief on their financial capital; (2) The vast extent of their services in the district has enlarged their network of offerings in urban, suburban and even rural settings; (3) They have enabled the poor’s access to the economic markets and services; (4) They have contributed positively to employment by providing local jobseekers with gainful employment and access to financial capital; (5) They have empowered the local employee base through training and skills transfer; (6) They have promoted knowledge and skills that have enriched local human capital and positively contributed to livelihoods; and (7) They have made a contribution to GDP and tax revenues. Revenues fed to government have helped fund welfare and public services, including in the areas of education, health care, pensions, unemployment benefits, public transportation, infrastructure and housing. These benefits have collectively contributed to the improvement of local livelihoods in the district.
- Full Text:
- Date Issued: 2013
- Authors: Pang, Jing
- Date: 2013
- Subjects: Economic assistance, Chinese , Small business , Entrepreneurship , South Africa -- Politics and government --1994-
- Language: English
- Type: Thesis , Masters , MA
- Identifier: vital:9229 , http://hdl.handle.net/10948/d1020983
- Description: Since the advent of democracy in April 1994, the issues of economic empowerment and growth have been high on the agenda of the Government of National Unity of South Africa. In order to achieve social-economic growth, resolve wealth and asset gaps between rich and poor, decrease unemployment and meet the Millennium Development Goals, government has sought efficient mechanisms of transformation. The formation of SMMEs was put forward as a solution to solve the above problems. SMMEs play a vital role in economic development and livelihoods uplifting. The purpose of this study is to examine how Chinese SMMEs have impacted on sustainable livelihoods in Nelson Mandela Bay Metropolitan District. The study has identified the challenges of local livelihoods in the district. The findings on the effects of Chinese SMMEs were that: (1) They have provided affordable goods and services to local people, improving livelihoods by means of reducing living costs of the local population and thus providing relief on their financial capital; (2) The vast extent of their services in the district has enlarged their network of offerings in urban, suburban and even rural settings; (3) They have enabled the poor’s access to the economic markets and services; (4) They have contributed positively to employment by providing local jobseekers with gainful employment and access to financial capital; (5) They have empowered the local employee base through training and skills transfer; (6) They have promoted knowledge and skills that have enriched local human capital and positively contributed to livelihoods; and (7) They have made a contribution to GDP and tax revenues. Revenues fed to government have helped fund welfare and public services, including in the areas of education, health care, pensions, unemployment benefits, public transportation, infrastructure and housing. These benefits have collectively contributed to the improvement of local livelihoods in the district.
- Full Text:
- Date Issued: 2013
Difficulties experienced by small businesses in accessing finance
- Kouadio, Gbogbo Nina Marie-Laure
- Authors: Kouadio, Gbogbo Nina Marie-Laure
- Date: 2012
- Subjects: Economics , Small business
- Language: English
- Type: Thesis , Masters , MTech
- Identifier: vital:9015 , http://hdl.handle.net/10948/d1018633
- Description: Small and Medium Enterprises (SMEs) significantly contribute to the growth of the economy and the employment sector. However, it is indicated that SMEs lack access to the financial products and services that are critical to their growth. Therefore, the primary objective of this study was to investigate the difficulties experienced by small businesses in accessing finance. An online questionnaire survey was considered an appropriate measurement method for this study. The targeted population of the study included all small businesses operating in the Nelson Mandela Bay Metropole. Thus, some 208 companies were identified as part of the study sampling frame. A total number of 66 questionnaires were returned out of the 208 targeted companies - giving a response rate of 29 percent. The quantitative data were processed using a STATISTICA program, leading to appropriate descriptive statistical analyses, including frequencies, means, medians and standard deviations. In order to obtain a better understanding of the difficulties experienced by small businesses in accessing finance, hypotheses were also formulated and a t-test was used to establish the statistical significance of certain demographic variables and company characteristics regarding the problems experienced by small businesses in accessing finance. The results of the empirical study revealed that the major difficulties faced by small businesses in their access to finance were the lack of collateral and security, the high cost of borrowing interest and the delay in feedback from the financial institutions. Further, by testing the hypotheses, it was also revealed that the ethnic group of the applicant, the total years of business experience of the applicant and the annual turnover of the business have an impact on the access to finance. Based on the relevant literature study and the empirical results, recommendations were made in order to address the identified problems. However, the unavailability of an exhaustive small business database in the Nelson Mandela Bay Metropole did not allow the research to draw on a larger representative sample. Thus, this limitation has impeded in-depth statistical analysis that would have allowed the research to obtain more accurate findings. Further studies could investigate the reasons why in many cases financial institutions reject the funding of small businesses.
- Full Text:
- Date Issued: 2012
- Authors: Kouadio, Gbogbo Nina Marie-Laure
- Date: 2012
- Subjects: Economics , Small business
- Language: English
- Type: Thesis , Masters , MTech
- Identifier: vital:9015 , http://hdl.handle.net/10948/d1018633
- Description: Small and Medium Enterprises (SMEs) significantly contribute to the growth of the economy and the employment sector. However, it is indicated that SMEs lack access to the financial products and services that are critical to their growth. Therefore, the primary objective of this study was to investigate the difficulties experienced by small businesses in accessing finance. An online questionnaire survey was considered an appropriate measurement method for this study. The targeted population of the study included all small businesses operating in the Nelson Mandela Bay Metropole. Thus, some 208 companies were identified as part of the study sampling frame. A total number of 66 questionnaires were returned out of the 208 targeted companies - giving a response rate of 29 percent. The quantitative data were processed using a STATISTICA program, leading to appropriate descriptive statistical analyses, including frequencies, means, medians and standard deviations. In order to obtain a better understanding of the difficulties experienced by small businesses in accessing finance, hypotheses were also formulated and a t-test was used to establish the statistical significance of certain demographic variables and company characteristics regarding the problems experienced by small businesses in accessing finance. The results of the empirical study revealed that the major difficulties faced by small businesses in their access to finance were the lack of collateral and security, the high cost of borrowing interest and the delay in feedback from the financial institutions. Further, by testing the hypotheses, it was also revealed that the ethnic group of the applicant, the total years of business experience of the applicant and the annual turnover of the business have an impact on the access to finance. Based on the relevant literature study and the empirical results, recommendations were made in order to address the identified problems. However, the unavailability of an exhaustive small business database in the Nelson Mandela Bay Metropole did not allow the research to draw on a larger representative sample. Thus, this limitation has impeded in-depth statistical analysis that would have allowed the research to obtain more accurate findings. Further studies could investigate the reasons why in many cases financial institutions reject the funding of small businesses.
- Full Text:
- Date Issued: 2012
An exploration of the benefits of information and communications technology for SMMEs in the Construction Industry in Gauteng Province, South Africa
- Authors: Klassie, Unathi
- Date: 2022-12
- Subjects: information technology , Small business , Construction industry, Gauteng Province -- South Africa
- Language: English
- Type: Master's theses , Thesis
- Identifier: http://hdl.handle.net/10948/59726 , vital:62386
- Description: This paper explores the beneficial impact of ICT adoption on the performance of Small, Micro to Medium Enterprises (SMMEs) in South Africa, specifically in the construction sector. The population of the study comprises construction SMME owners and managers in Gauteng, South Africa. The objectives of this study are fourfold as follows. Firstly, it aims to determine the benefits of ICT for SMMEs in the construction industry in South Africa. Secondly, it aims to establish the challenges SMMEs face in ICT infrastructure systems. The third aim is to determine the barriers that impede SMMEs from adopting ICT. And fourthly it aims to recommend an ICT framework for the effectiveness and success of ICT infrastructure systems for SMMEs. The research consisted of data collection from 15 SMMEs in the construction industry in Gauteng Province, South Africa through the means of interviews. The study employed an interpretivist paradigm which necessitated a qualitative approach. The data was then analysed thematically. The study was motivated by a Technology-OrganisationEnvironment (TOE) framework. The study findings show that SMMEs profit greatly from the adoption of ICT in their battle for survival and expansion. ICT is one of the main resources that may be employed by organisations in this digital age, according to the Resource-Based Theory. The majority of respondents stated that ICT has improved performance and that tasks are completed more efficiently than before. According to the findings, sustained government help to extend broadband access for underprivileged groups, particularly in places underserved by private sector activities, is suggested. Government funding should be made available to assist SMMEs in developing ICT skills. This financing might be linked to organisations like SEDA to guarantee that new SMMEs are ascertained of the importance of ICT skills that will benefit their enterprises. To improve awareness of the benefits of ICT in the construction industry, training providers, NGOs, and government agencies must collaborate more closely. , Thesis (MBA) -- Faculty of Business and Economic Science, Business School, 2022
- Full Text:
- Date Issued: 2022-12
- Authors: Klassie, Unathi
- Date: 2022-12
- Subjects: information technology , Small business , Construction industry, Gauteng Province -- South Africa
- Language: English
- Type: Master's theses , Thesis
- Identifier: http://hdl.handle.net/10948/59726 , vital:62386
- Description: This paper explores the beneficial impact of ICT adoption on the performance of Small, Micro to Medium Enterprises (SMMEs) in South Africa, specifically in the construction sector. The population of the study comprises construction SMME owners and managers in Gauteng, South Africa. The objectives of this study are fourfold as follows. Firstly, it aims to determine the benefits of ICT for SMMEs in the construction industry in South Africa. Secondly, it aims to establish the challenges SMMEs face in ICT infrastructure systems. The third aim is to determine the barriers that impede SMMEs from adopting ICT. And fourthly it aims to recommend an ICT framework for the effectiveness and success of ICT infrastructure systems for SMMEs. The research consisted of data collection from 15 SMMEs in the construction industry in Gauteng Province, South Africa through the means of interviews. The study employed an interpretivist paradigm which necessitated a qualitative approach. The data was then analysed thematically. The study was motivated by a Technology-OrganisationEnvironment (TOE) framework. The study findings show that SMMEs profit greatly from the adoption of ICT in their battle for survival and expansion. ICT is one of the main resources that may be employed by organisations in this digital age, according to the Resource-Based Theory. The majority of respondents stated that ICT has improved performance and that tasks are completed more efficiently than before. According to the findings, sustained government help to extend broadband access for underprivileged groups, particularly in places underserved by private sector activities, is suggested. Government funding should be made available to assist SMMEs in developing ICT skills. This financing might be linked to organisations like SEDA to guarantee that new SMMEs are ascertained of the importance of ICT skills that will benefit their enterprises. To improve awareness of the benefits of ICT in the construction industry, training providers, NGOs, and government agencies must collaborate more closely. , Thesis (MBA) -- Faculty of Business and Economic Science, Business School, 2022
- Full Text:
- Date Issued: 2022-12
Difficulties experienced by small business managers in marketing their businesses
- Authors: Kpalou, Jean-Yves Gaba
- Date: 2012
- Subjects: Marketing , Small business
- Language: English
- Type: Thesis , Masters , MTech
- Identifier: vital:9016 , http://hdl.handle.net/10948/d1018635
- Description: The small business sector in today‘s world is considered seriously by researchers, scholars, policy-makers and governments as an important answer in addressing problems of unemployment, poverty alleviation, and redistribution of wealth. Promoting and encouraging the development of the small business sector is without any doubt a key factor for economic growth. However, this sector faced a high rate of businesses failure due to the many challenges among them, for example, the lack of marketing strategy and implementation in the conduct of the business. Several researches show the important role of marketing in a business but unfortunately it is still not a strong component in many organisations especially within the small business sector.For this reason the aim of this study was to investigate the difficulties experienced by small business managers in marketing their businesses. Taking the aim of this study into consideration, the primary objectives were to firstly look at the practice of marketing in small businesses and secondly to identify the difficulties of marketing experienced by small business managers.The literature study provided a brief overview of the small business sector, followed by a presentation of the practice of marketing in an organisation especially within small business enterprises. Moreover a discussion of the difficulties experienced by small business managers in marketing their businesses was also addressed through the literature review. The literature classified those difficulties into two types; (a)internal factors (lack of marketing planning and strategy, cost of marketing, lack of marketing expertise, perception of marketing) and (b) external factors (lack of knowledge of the market environment).The empirical study was conducted to evaluate the practice of marketing in small businesses and to see what marketing difficulties were experienced by small business owners and/or managers. Data were collected by means of a survey, using a questionnaire. Respondents were identified using the snowball sampling technique through the database of the Nelson Mandela Bay Chamber of Commerce. The data gathered from 67 usable questionnaires were analysed and interpreted. The results of the empirical study revealed that the biggest problems experienced by small business managers in the sample were the heavy cost of marketing followed by the lack of marketing expertise and finally the lack of marketing segmentation strategy. This study contributes to the enhancement of the literature on small business marketing with a focus on the difficulties experienced by owners and/or managers in implementing marketing. As a result this study presents recommendations and suggestions to assist managers in marketing their businesses.
- Full Text:
- Date Issued: 2012
- Authors: Kpalou, Jean-Yves Gaba
- Date: 2012
- Subjects: Marketing , Small business
- Language: English
- Type: Thesis , Masters , MTech
- Identifier: vital:9016 , http://hdl.handle.net/10948/d1018635
- Description: The small business sector in today‘s world is considered seriously by researchers, scholars, policy-makers and governments as an important answer in addressing problems of unemployment, poverty alleviation, and redistribution of wealth. Promoting and encouraging the development of the small business sector is without any doubt a key factor for economic growth. However, this sector faced a high rate of businesses failure due to the many challenges among them, for example, the lack of marketing strategy and implementation in the conduct of the business. Several researches show the important role of marketing in a business but unfortunately it is still not a strong component in many organisations especially within the small business sector.For this reason the aim of this study was to investigate the difficulties experienced by small business managers in marketing their businesses. Taking the aim of this study into consideration, the primary objectives were to firstly look at the practice of marketing in small businesses and secondly to identify the difficulties of marketing experienced by small business managers.The literature study provided a brief overview of the small business sector, followed by a presentation of the practice of marketing in an organisation especially within small business enterprises. Moreover a discussion of the difficulties experienced by small business managers in marketing their businesses was also addressed through the literature review. The literature classified those difficulties into two types; (a)internal factors (lack of marketing planning and strategy, cost of marketing, lack of marketing expertise, perception of marketing) and (b) external factors (lack of knowledge of the market environment).The empirical study was conducted to evaluate the practice of marketing in small businesses and to see what marketing difficulties were experienced by small business owners and/or managers. Data were collected by means of a survey, using a questionnaire. Respondents were identified using the snowball sampling technique through the database of the Nelson Mandela Bay Chamber of Commerce. The data gathered from 67 usable questionnaires were analysed and interpreted. The results of the empirical study revealed that the biggest problems experienced by small business managers in the sample were the heavy cost of marketing followed by the lack of marketing expertise and finally the lack of marketing segmentation strategy. This study contributes to the enhancement of the literature on small business marketing with a focus on the difficulties experienced by owners and/or managers in implementing marketing. As a result this study presents recommendations and suggestions to assist managers in marketing their businesses.
- Full Text:
- Date Issued: 2012
Effects of absorptive capacity and knowledge management on innovation capabilities in small, medium and micro enterprises (SMMEs)
- Authors: Gwena, Courage
- Date: 2018
- Subjects: Absorptive capacity (Economics) , Knowledge management , Small business
- Language: English
- Type: Thesis , Masters , Business Management
- Identifier: http://hdl.handle.net/10353/11839 , vital:39111
- Description: Small Medium and Micro Enterprises (SMMEs) are increasingly becoming an influential factor behind economic growth. On the other hand, knowledge management is credited with being critical to the success of modern business enterprises. Consequently, researchers have a growing interest in understanding knowledge management and its effects on various phenomena within an enterprise. Although SMMEs are tipped to be major providers of employment, innovations and economic growth, it is important that they be investigated in light of factors that influence their sustainability and growth. Notably there is evident lack of research exploring the relationship among absorptive capacity, knowledge management and innovation capabilities from a South African perspective as many of the related studies are concentrated in the developed world. The purpose of the study was to investigate the effects of knowledge management on innovation capabilities in SMMEs with focus on the Buffalo City Metropolitan Municipality. South African SMMEs are experiencing worrying failure rates, whilst on the other hand; knowledge management is credited with organisational success. This trend has presented an opportunity to test how knowledge management affects South African SMMEs innovation capabilities. Above this, the increasing value being attached to SMMEs in solving problems, such as unemployment and trade imbalance have attracted interest as a subject of research. A quantitative research approach was followed in carrying out this study. Descriptive and inferential statistics were performed to answer the research questions of the study. The respondents (n=280) were SMMEs representatives for SMMEs operating in the Buffalo City Metropolitan Municipality. Findings of the study revealed that absorptive capacity exerts positive a effect on the innovative capabilities of SMMEs the same way knowledge acquisition and knowledge sharing were found to have positive statistically significant on the innovation capabilities of SMMEs. The findings also show that knowledge sharing and knowledge acquisition exerts a positive effect on SMMEs innovative capabilities. Findings from the study could assist various practitioners directly or indirectly involved in business development to develop strategies that improve SMMEs growth and sustainability. These practitioners include strategic management researchers, policy makers, SMME owners, managers, and lecturers.
- Full Text:
- Date Issued: 2018
- Authors: Gwena, Courage
- Date: 2018
- Subjects: Absorptive capacity (Economics) , Knowledge management , Small business
- Language: English
- Type: Thesis , Masters , Business Management
- Identifier: http://hdl.handle.net/10353/11839 , vital:39111
- Description: Small Medium and Micro Enterprises (SMMEs) are increasingly becoming an influential factor behind economic growth. On the other hand, knowledge management is credited with being critical to the success of modern business enterprises. Consequently, researchers have a growing interest in understanding knowledge management and its effects on various phenomena within an enterprise. Although SMMEs are tipped to be major providers of employment, innovations and economic growth, it is important that they be investigated in light of factors that influence their sustainability and growth. Notably there is evident lack of research exploring the relationship among absorptive capacity, knowledge management and innovation capabilities from a South African perspective as many of the related studies are concentrated in the developed world. The purpose of the study was to investigate the effects of knowledge management on innovation capabilities in SMMEs with focus on the Buffalo City Metropolitan Municipality. South African SMMEs are experiencing worrying failure rates, whilst on the other hand; knowledge management is credited with organisational success. This trend has presented an opportunity to test how knowledge management affects South African SMMEs innovation capabilities. Above this, the increasing value being attached to SMMEs in solving problems, such as unemployment and trade imbalance have attracted interest as a subject of research. A quantitative research approach was followed in carrying out this study. Descriptive and inferential statistics were performed to answer the research questions of the study. The respondents (n=280) were SMMEs representatives for SMMEs operating in the Buffalo City Metropolitan Municipality. Findings of the study revealed that absorptive capacity exerts positive a effect on the innovative capabilities of SMMEs the same way knowledge acquisition and knowledge sharing were found to have positive statistically significant on the innovation capabilities of SMMEs. The findings also show that knowledge sharing and knowledge acquisition exerts a positive effect on SMMEs innovative capabilities. Findings from the study could assist various practitioners directly or indirectly involved in business development to develop strategies that improve SMMEs growth and sustainability. These practitioners include strategic management researchers, policy makers, SMME owners, managers, and lecturers.
- Full Text:
- Date Issued: 2018
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