Measures of success of small and medium-sized family and non-family-owned businesses in the Eastern Cape
- Authors: Carelsen, Mispah
- Date: 2016
- Subjects: Success in business -- South Africa -- Eastern Cape , Small business -- South Africa -- Eastern Cape , Family-owned business enterprises -- South Africa -- Eastern Cape
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10948/3479 , vital:20434
- Description: Small and medium-sized enterprises (SMEs) are recognised internationally and in South Africa as a critical component of the economic development of a country as a result of their contribution to job creation, alleviation of poverty, sustainability and innovation. Furthermore, the majority of SMEs are also family-owned and play an increasingly important role in the South African economy, making up approximately 84 per cent of businesses in the country. Despite the critical role that family and non-family SMEs play in economic development, they are still plagued with high failure rates and unique challenges that make it difficult for them to survive. These challenges include, amongst others, regulatory burdens, restrictive labour policies, a lack of access to finance, markets and technology, as well as an overwhelmingly constant emphasis on survival. As a result of the added dynamic of family relationships within family-owned SMEs, they face additional challenges such as conflict between family members and inadequate succession planning. Focus is often placed on the factors leading to failure, but little is known about success-aiding behaviours that could reduce the high failure rate and improve the success rate of these businesses. As a result, it is important to examine what determines success and how it is measured. Success can be defined as the attainment of goals, therefore the achievement of goals plays a critical role in the success of the business.
- Full Text:
- Date Issued: 2016
- Authors: Carelsen, Mispah
- Date: 2016
- Subjects: Success in business -- South Africa -- Eastern Cape , Small business -- South Africa -- Eastern Cape , Family-owned business enterprises -- South Africa -- Eastern Cape
- Language: English
- Type: Thesis , Masters , MCom
- Identifier: http://hdl.handle.net/10948/3479 , vital:20434
- Description: Small and medium-sized enterprises (SMEs) are recognised internationally and in South Africa as a critical component of the economic development of a country as a result of their contribution to job creation, alleviation of poverty, sustainability and innovation. Furthermore, the majority of SMEs are also family-owned and play an increasingly important role in the South African economy, making up approximately 84 per cent of businesses in the country. Despite the critical role that family and non-family SMEs play in economic development, they are still plagued with high failure rates and unique challenges that make it difficult for them to survive. These challenges include, amongst others, regulatory burdens, restrictive labour policies, a lack of access to finance, markets and technology, as well as an overwhelmingly constant emphasis on survival. As a result of the added dynamic of family relationships within family-owned SMEs, they face additional challenges such as conflict between family members and inadequate succession planning. Focus is often placed on the factors leading to failure, but little is known about success-aiding behaviours that could reduce the high failure rate and improve the success rate of these businesses. As a result, it is important to examine what determines success and how it is measured. Success can be defined as the attainment of goals, therefore the achievement of goals plays a critical role in the success of the business.
- Full Text:
- Date Issued: 2016
An analysis of business skills and training needs in the plastic manufacturing industry in the Eastern Cape Province
- Authors: Macheke, Richard
- Date: 2011
- Subjects: Plastics industry and trade -- South Africa -- Eastern Cape , Employees -- Training of -- South Africa -- Eastern Cape , Industrial management -- South Africa -- Eastern Cape , Success in business -- South Africa -- Eastern Cape , Vocational guidance -- South Africa -- Eastern Cape , Skilled labor -- South Africa -- Eastern Cape , Unskilled labor -- South Africa -- Eastern Cape , Labor turnover -- South Africa -- Eastern Cape
- Language: English
- Type: Thesis , Masters , M Com (Business Management)
- Identifier: vital:11322 , http://hdl.handle.net/10353/d1007118 , Plastics industry and trade -- South Africa -- Eastern Cape , Employees -- Training of -- South Africa -- Eastern Cape , Industrial management -- South Africa -- Eastern Cape , Success in business -- South Africa -- Eastern Cape , Vocational guidance -- South Africa -- Eastern Cape , Skilled labor -- South Africa -- Eastern Cape , Unskilled labor -- South Africa -- Eastern Cape , Labor turnover -- South Africa -- Eastern Cape
- Description: Skills development is one of the major challenges faced by South Africans, with more than 60 percent of the labour force being unskilled. This affects many industries around the country as are they forced to employ unskilled employees a development which has a negative bearing on the quality of products having a negative bearing on the quality of products. The Plastic Manufacturing Industry in the Eastern Cape Province is a prime example of firms that are affected by the short supply of skilled personnel on the labour market. Required skills range from business skills that are essential for the operating of a business, to technical skills that are essential for the employees who are involved in the production of goods and services. Training in skills has been proven to be a key to success. The primary objective of this study was to undertake an analysis concerning the significance of business skills and training needs for business success. Secondary objectives were to determine whether training in business skills as well as technical skills for the employees, could bring on success to the business. The study further went on to investigate the importance of training programmes for businesses. Research methodology included literature review and an empirical study, making use of the survey method through self-administered questionnaires. The statistical analyses included descriptive statistics, frequencies, Chi-square tests and linear regression and ANOVA. The Cronbach’s alpha was used to measure reliability of the research results. The research findings established that training in business skills and related types of skills was essential for the success of a business. The findings further showed that, due to training, there was improvement in sales, annual turnover, and product quality and employee skills. Recommendations included advice to invest in human capital through training which then should improve the quality of products. Further studies in other regions other than the Eastern Cape Province were recommended.
- Full Text:
- Date Issued: 2011
- Authors: Macheke, Richard
- Date: 2011
- Subjects: Plastics industry and trade -- South Africa -- Eastern Cape , Employees -- Training of -- South Africa -- Eastern Cape , Industrial management -- South Africa -- Eastern Cape , Success in business -- South Africa -- Eastern Cape , Vocational guidance -- South Africa -- Eastern Cape , Skilled labor -- South Africa -- Eastern Cape , Unskilled labor -- South Africa -- Eastern Cape , Labor turnover -- South Africa -- Eastern Cape
- Language: English
- Type: Thesis , Masters , M Com (Business Management)
- Identifier: vital:11322 , http://hdl.handle.net/10353/d1007118 , Plastics industry and trade -- South Africa -- Eastern Cape , Employees -- Training of -- South Africa -- Eastern Cape , Industrial management -- South Africa -- Eastern Cape , Success in business -- South Africa -- Eastern Cape , Vocational guidance -- South Africa -- Eastern Cape , Skilled labor -- South Africa -- Eastern Cape , Unskilled labor -- South Africa -- Eastern Cape , Labor turnover -- South Africa -- Eastern Cape
- Description: Skills development is one of the major challenges faced by South Africans, with more than 60 percent of the labour force being unskilled. This affects many industries around the country as are they forced to employ unskilled employees a development which has a negative bearing on the quality of products having a negative bearing on the quality of products. The Plastic Manufacturing Industry in the Eastern Cape Province is a prime example of firms that are affected by the short supply of skilled personnel on the labour market. Required skills range from business skills that are essential for the operating of a business, to technical skills that are essential for the employees who are involved in the production of goods and services. Training in skills has been proven to be a key to success. The primary objective of this study was to undertake an analysis concerning the significance of business skills and training needs for business success. Secondary objectives were to determine whether training in business skills as well as technical skills for the employees, could bring on success to the business. The study further went on to investigate the importance of training programmes for businesses. Research methodology included literature review and an empirical study, making use of the survey method through self-administered questionnaires. The statistical analyses included descriptive statistics, frequencies, Chi-square tests and linear regression and ANOVA. The Cronbach’s alpha was used to measure reliability of the research results. The research findings established that training in business skills and related types of skills was essential for the success of a business. The findings further showed that, due to training, there was improvement in sales, annual turnover, and product quality and employee skills. Recommendations included advice to invest in human capital through training which then should improve the quality of products. Further studies in other regions other than the Eastern Cape Province were recommended.
- Full Text:
- Date Issued: 2011
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