Local government support for SMMEs in the construction industry to reduce unemployment: the case of Nelson Mandela Bay Municipality
- Authors: Jiba, Mncedikazi Felicelle
- Date: 2024-04
- Subjects: Small business , Construction industry , Unemployment
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/${Handle} , vital:74011
- Description: Despite government intervention, a significant proportion of businesses fail within the first few years of operation, and the unemployment rate remains high. If local government is assisting SMMEs in construction, it is important to look at whether it is addressing the primary issues of preventing SMMESs in construction from failing. Because the construction industry employs many unskilled workers, it is also negatively impacted by the number of businesses that are closing or going out of business. Purposive sampling, thematic analysis, and a qualitative approach were used in this documentary research. A total of 50 documents that addressed the role of local government in supporting and developing the SMMEs in construction at NMBM were reviewed. The findings of the study indicate that 86% of the documents reviewed indicate that SMMEs in construction to participate in Support Programmes as one of the potential complementary strategies for local government to support the growth of SMMEs in the construction industry and help them create jobs. Furthermore, the results of the study also indicate that 86% of the documents reviewed state late payments as one of the major challenges leading to the failure of the SMMEs in the NMBM construction industry. This research has also proposed a sub section in the finance department at NMBM that to deal with the payment of SMMEs including SMMEs in the construction industry, as a potential change to the current support structure and legislation of local government that are meant to boost the performance of SMMEs in the construction industry and help them accomplish their stated objectives of creating jobs. , Thesis (MPhil) -- Faculty of Business and Economic Sciences, School of Economics, Development and Tourism, 2024
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- Date Issued: 2024-04
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
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- Date Issued: 2022-12
Examining the nature of entrepreneurship within the towns and rural areas of Sakhisizwe Local Municipality, Eastern Cape
- Authors: Maliwa, Noluvuyo
- Date: 2022-11
- Subjects: Entrepreneurship , Developing countries--Economic conditions , Small business
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10353/27555 , vital:69315
- Description: Entrepreneurship plays an important role in societies around the world because it supports economic growth and creates job opportunities. This study investigated the nature of entrepreneurship in three distinct parts of Sakhisizwe Local Municipality, including a town within Sakhisizwe’s former homeland area, rural communities within its former homeland area, and a town within an area characterised by large-scale commercial farms. The study sought to establish the share of adults in the different parts of the municipality involved in entrepreneurship, to identify factors that contribute to the decision to become an entrepreneur, and to examine strategies pursued by, and challenges experienced, different types of entrepreneurs. The study involved a random sample of 362 respondents and both quantitative and qualitative data analysis. Among the main findings is that the proportion of adults involved in enterprise in Sakhisizwe is higher than found by other studies for South Africa as a whole, but is especially high for those living in the town in the former homeland area. While those residing in rural communities also engage in enterprise, they are generally compelled to practice their enterprises in town, thus have the disadvantage of needing frequent transport. While residing in the town in the commercial farming area is not disadvantageous in the same way, the challenge is that the town itself is able to support relatively few entrepreneurs due to fewer people coming to town for their shopping. , Thesis (MSci) -- Faculty of Science and Agricultures, 2022
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- Date Issued: 2022-11
Enterprise development funds as a catalyst for growth and sustainability of black-owned SMMEs in manufacturing
- Authors: Tsheketshe, Yomelela Mfundo
- Date: 2022-04
- Subjects: Business enterprises, Black -- South Africa , Small business
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/58223 , vital:58742
- Description: South Africa is confronted with a skewed economy along racial lines through a history of colonialism and apartheid. The laws of government have tried to include companies in advancing social cohesion and in dealing with issues of the historical exclusion of African communities from the mainstream economy. With the advent of democracy, the government has been faced with the mammoth task of driving transformation and inclusion in various sectors of the economy. Various pieces of legislation have been promulgated to give effect to this ideal. The Broad Based Black Economic Empowerment (BBBEE) Act with its associated regulations has Enterprise and Supplier development (ESD) as one of the five pillars underpinning the targeted areas for transformation in companies. Enterprise development is a key contributor to companies achieving a good score card rating as determined by the government of South Africa for various industries. This scoring also has advantages in terms of accessing government incentives as well as procurement opportunities for businesses with government. Companies therefore deploy capital for the development of businesses within their supply chains and also any other businesses whether or not they do business with them. This process of enterprise development funding is largely undefined and sees companies use various methods and criteria to deploy the capital with a myriad of outcomes all of which vary depending on the area of interest. The primary intent of the enterprise development funds is to create patient, free and sometimes affordable capital for the growth and sustainability of previously disadvantaged businesses in the South African context. Industries like manufacturing, in their nature are capital intensive and require huge capital outlays which then become a barrier to entry particularly for previously disadvantaged groupings like black people. The aim of the study is to identify key determinants that can unlock the growth and sustainability of black owned SMMEs in the manufacturing sector and also to understand the environment in which they operate. It is intended to assist policy makers, enterprise development practitioners, regulators and the beneficiaries of enterprise development on what can be done to ensure that this critical programme achieves its desired outcome. , Thesis (MA) -- Faculty of Business and Economic science, 2022
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- Date Issued: 2022-04
Mentoring of women-owning SMEs in the South African construction industry
- Authors: Bingwa, Nelisa
- Date: 2022-04
- Subjects: Construction industry , Small business
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/57535 , vital:58059
- Description: Challenges of women-owning small business have been noted in different economic industries globally. This situation is even more prevalent in the construction industry, where women face special challenges connected to their historic exclusion in the industry. Women small and medium enterprises in the construction industry grow slowly, lack crucial skills and industry experience, making it difficult for them to sustain their businesses. In this regard, mentoring has been acknowledged globally as a viable avenue to assist in developing women-owning small businesses and their chosen business careers. Mentoring in South Africa is acknowledged for its ability to develop the skills of small businesses owners. Accordingly, the mentoring approach was embraced by the post-apartheid South African government to eliminate past apartheid-induced socio- economic inequalities to develop women-owning SMEs across complex businesses such as the construction industry. Numerous mentorship policies have been introduced to obviate the challenges experienced by previously discriminated groups such as women to whom small-medium enterprise opportunities in the construction industry were hitherto inaccessible. Despite such ameliorative measures and interventions, women-owning SMEs in the construction industry continue to experience stagnant business growth and relatively higher business failure rates. The purpose of this study, therefore, was to ascertain the enabling conditions necessary for effective mentoring of women-owning small and medium enterprises in the South African construction industry. The study adopted a qualitative interpretivistic approach that provided insights into mentoring experiences and challenges facing women’s small and medium enterprises in the construction industry. Literature was gathered on small businesses with special reference to women small and medium enterprises in construction and by contextualising issues relating to mentoring such enterprises, especially in the construction industry. Data was gathered from interviews with 18 participants using face-to-face interviews and online platforms such as Teams and WhatsApp. Participants included women-owning small businesses whose businesses have been in operation for a minimum of two years and have participated in mentoring at some point during the operation of their business. Data was analysed inductively by means of content and thematic analyses using a combination of manifest, latent and constant comparative content analyse. The results of the interviews showed that the conditions necessary to create an enabling mentoring of women-owning SMEs in the construction industry include: specific policy v development, public and private sector involvement, industry-related mentoring, provision of female role models, increasing public awareness, provision of basic resources to participate, duration of programmes, mentor and mentee commitment and mentors with exceptional characteristics. , Thesis (MA) -- Faculty of Business and Management Sciences, 2022
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- Date Issued: 2022-04
A critical analysis of the application of South African business rescue provisions on small to medium enterprises (SMEs)
- Authors: Peteni, Ushimin https://orcid.org/ 0000-0001-6478-9862
- Date: 2021-09
- Subjects: Small business , Business enterprises , Business failures--Law and legislation
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10353/20328 , vital:45655
- Description: Small to Medium sized Enterprises (SMEs) play an essential role and can be described as the crucial bread and butter of the South African economy. They have the potential to create employment and skills development opportunities pertinent for sustainable economic growth. The unfortunate part is that South African Small to Medium sized Enterprises have the lowest survival rates in the world, resulting in high rates of business failure and job losses. This is because the South African economy does not favour SMEs, which are often burdened with structural hurdles including access to funding, lack of access to markets, inadequate skills, uncompetitive regulatory frameworks and technological disruptions. A developing economy such as South Africa cannot grow if companies facing financial difficulty are constantly liquidated. This is because the liquidation system does not offer companies an opportunity to restructure and possibly function within the context of raised concerns. In order to facilitate sustainable SMEs growth, the legislature has come up with statutory mechanisms to support SMEs and save them from total liquidation. Most recently, the Companies Act 71 of 2008 Chapter 6 introduces a business rescue mechanism applicable to all business structures established under the Act. The purpose of business rescue is to provide companies in financial distress with opportunities to reorganise, strategize and come up with useful corporate reorganisation measures which are useful and efficient in saving the financially distressed company and possibly yielding a better return for the creditors than would have been the case if the company was liquidated. This new enactment is seen as both an improvement and necessary reform from its predecessor, judicial administration which has widely been condemned as a failure. However, despite this improvement, the application of the current business provisions to SMEs is questionable. Although Chapter 6 of the Act makes provision for SMEs, it also presents a number of stumbling blocks, including the fact that services of business rescue practitioners are out of reach for most SMEs in South Africa. The purpose of this study is to consider challenges faced by SMEs in the practical application of the current business rescue provisions. This study further emphasizes the importance of South African SMEs, whilst looking at their challenges and how the Companies Act 71 of 2008 provisions, regarding business rescue, assists SMEs. The study looks at the impediments of certain provisions of business rescue and proposes recommendations. , Thesis (MA) (Laws) -- University of Fort Hare, 2021
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- Date Issued: 2021-09
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.
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- Date Issued: 2018
The effectiveness of business incubators in enhancing growth, survival and performance of small, medium and micro enterprises in the Eastern Cape province, South Africa
- Authors: Sarakunze, Annie.
- Date: 2014-11
- Subjects: Entrepreneurship , Economic development -- South Africa , Small business
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10353/26786 , vital:66005
- Description: In both developed and developing countries, the growth of Small, Medium and Micro Enterprise sector is considered an important factor in boosting the economic well-being of a country. The governments of many countries play a basic role in creating policies and programmes which support the growth of Small, Medium and Micro Enterprises. One of the initiatives used by the governments to nurture small businesses is business incubation.This study investigated the effectiveness of business incubators in enhancing growth, survival and performance of Small, Medium and Micro Enterprises (SMMEs) in selected areas of the Eastern Cape Province. The objectives of this study were to assess the impact of business incubation on the performance of SMMEs, determine the impact of business incubation on the growth of the SMME, to assess the impact of business incubation on the survival of the SMMEs and to investigate whether SMMEs are satisfied with the role of business incubators in their areas.This study employed a stratified simple random sampling technique. The population was first divided into six homogeneous strata and then simple random sampling was then employed. The self-administered questionnaires were then distributed into each and every stratum randomly. Simple random sampling was used because it enabled each and every member in the strata to have an equal chance of being selected. Owners, managers and employees were used as respondents in this study and a total sample of 200 SMMEs answered the questionnaire. The study followed a quantitative research design as it involved variables such as growth, firm performance and survival which have measures that involves the use of figures such as sales, number of employees and total value of assets. The data was analysed by Anova, Pearson Chi-Square and T-test statistical methods in order to arrive at findings and conclusions. Based on the findings from this survey it was found that business incubators are effective in enhancing growth, survival and performance of SMMEs. Although other researchers found that there are no significant variations in growth, survival and performance of incubated and non-incubated businesses, this study however recognizes the importance of business incubation to SMMEs. This study concurs with most findings by many researchers of business incubation and thus recommends vigorous business incubation awareness to the SMMEs and networking. , Thesis (MBm) -- Faculty of Management and Commerce , 2014
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- Date Issued: 2014-11
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.
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- Date Issued: 2014
The role of records management in the sustainability of small micro medium enterprises (SMMEs) in the Eastern Cape, South Africa: a study of Alice and Fort Beaufort
- Authors: Ajibade, Patrick https://orcid.org/0000-0002-8608-8378
- Date: 2014
- Subjects: Knowledge management , Small business
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10353/25259 , vital:64122
- Description: The study sought to investigate the role of records management in the sustainability of the Small Micro, Medium enterprises (SMMEs) in the Eastern Cape Province of South Africa with focus on Alice and Fort Beaufort towns. The objectives of the study were to identify the types of records that are kept by SMMEs; evaluate the infrastructure for the SMMEs records management; determine the compliance of SMMEs with the existing RM legal and regulatory requirements; and identify the challenges related to SMMEs records practices. Twenty three (23) respondents from SMMEs were interviewed. Findings revealed all the respondents could not confirm adoption of any systemic way of records management to support business functions and operations. Majority of the SMMEs due to their inability to maintain records could not identify potential benefit of business RM with an exception of three SMMEs. The respondents were not aware of any compliance and regulatory framework most especially on business records management. The challenges facing SMMEs include; inability to capture/create maintain, preserve business records systematically in its lifecycle. The SMMEs lack needed training especially in records management to allow them the benefit of maintaining business records. It is recommended that SMMEs should acquire skill that would enable them manage their business records that may help improved decision making. There should be legislative and regulatory framework that ensures compliance. And assistance should be rendered to train SMMEs on basic RM skills that could improve their business operations. , Thesis (MLIS) -- Faculty of Social Sciences and Humanities, 2014
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- 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.
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- Date Issued: 2013
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.
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- Date Issued: 2012
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.
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- Date Issued: 2012
Difficulties experienced by small businesses in accessing finance
- 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.
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- Date Issued: 2012
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.
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- Date Issued: 2011
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.
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- Date Issued: 2006