The Impact of Networking on Access to Debt Finance and Performance of Small and Medium Enterprises in South Africa

2013 ◽  
Vol 4 (2) ◽  
pp. 97-104 ◽  
Author(s):  
Tafadzwa Machirori ◽  
Olawale Fatoki
Keyword(s):  
South Africa ◽  
Small And Medium Enterprises ◽  
Debt Finance ◽  
And Performance ◽  
Medium Enterprises ◽  
The Impact

scholarly journals The Relationship between Learning Orientation and the Performance of Small and Medium Enterprises in South Africa

2017 ◽  
Vol 9 (3(J)) ◽  
pp. 232-240
Author(s):  
Evelyn Motsepe ◽  
Olawale Fatoki
Keyword(s):  
South Africa ◽  
Small And Medium Enterprises ◽  
Learning Orientation ◽  
Mpumalanga Province ◽  
Performance Variables ◽  
Data Collection Process ◽  
Local Municipality ◽  
And Performance ◽  
Medium Enterprises ◽  
The Impact

Small and medium enterprises (SMEs) are an important vehicle in income re-distribution, poverty alleviation, employment creation and contribute to the gross domestic product of South Africa. However, SMEs in South Africa suffer from a weak level of performance and a high failure rate. The main objective of this study was to investigate the impact of learning orientation on the performance of SMEs. A quantitative approach was used, while a self-administered questionnaire was also employed during data collection process. A three- section questionnaire covering demographic information, learning orientation variables and performance variables was prepared and distributed randomly to a selected sample of 390 SME owners in Msukaligwa Local Municipality in Mpumalanga Province of South Africa. A total of 181 questionnaires were returned. Descriptive statistics, factor analysis, correlation and regression analysis were used for data analysis. The Cronbach’s alpha was used to measure reliability. The results of the study revealed a significant positive relationship between learning orientation and the performance of SMEs. Recommendations to improve the learning orientation of SMEs are suggested.

scholarly journals The impact of corporate governance on firm competitiveness and performance of small and medium enterprises in South Africa: A case of small and medium enterprises in Vanderbijlpark

2017 ◽  
Vol 17 (1) ◽  
Author(s):  
Progress Hove-Sibanda ◽  
Kin Sibanda ◽  
David Pooe
Keyword(s):  
South Africa ◽  
Corporate Governance ◽  
Emerging Markets ◽  
Small And Medium Enterprises ◽  
Value Added ◽  
The Body ◽  
Theory And Practice ◽  
And Performance ◽  
Medium Enterprises ◽  
The Impact

Orientation: Corporate governance adoption and compliance are an issue augmenting in importance recently and have been extended to business enterprises of any size including small and medium enterprises (SMEs).Research purpose: This study seeks to examine the impact of corporate governance adoption on the firm competitiveness and performance of SMEs in Vanderbijlpark.Research design, approach and method: The study employs a cross-sectional research design, which employed quantitative methods. One hundred fifty-two SME owners or managers were selected from Vanderbijlpark in Gauteng, South Africa. The collected data were analysed using a structural equation modelling system by using Smart PLS software.Main findings: The principal findings of this study revealed that the implementation of corporate governance by SMEs significantly and positively affected their competitiveness and performance.Practical and managerial implications: The paper provided practical implications and made some recommendations.Contribution or value-added: This article bridges the gap between theory and practice because it has both an economic and commercial impact in practice. It can be used in influencing public policy, teaching and research (because it contributes to the body of knowledge, particularly regarding SME corporate governance in emerging markets). An important aspect of this article is that it gives a framework for additional similar studies in other locations within emerging markets to test the generalisability of the findings. For teaching purposes, it provides a template for how to assess the link that exists between corporate governance and SME performance. Lastly, the article gives a unique empirical analysis of the relationship that exists between corporate governance compliance and performance of firms in South Africa, and thereby giving a valid contribution to corporate governance literature.

scholarly journals The Relationship between Learning Orientation and the Performance of Small and Medium Enterprises in South Africa

2017 ◽  
Vol 9 (3) ◽  
pp. 232
Author(s):  
Evelyn Motsepe ◽  
Olawale Fatoki
Keyword(s):  
South Africa ◽  
Small And Medium Enterprises ◽  
Learning Orientation ◽  
Mpumalanga Province ◽  
Performance Variables ◽  
Data Collection Process ◽  
Local Municipality ◽  
And Performance ◽  
Medium Enterprises ◽  
The Impact

Small and medium enterprises (SMEs) are an important vehicle in income re-distribution, poverty alleviation, employment creation and contribute to the gross domestic product of South Africa. However, SMEs in South Africa suffer from a weak level of performance and a high failure rate. The main objective of this study was to investigate the impact of learning orientation on the performance of SMEs. A quantitative approach was used, while a self-administered questionnaire was also employed during data collection process. A three- section questionnaire covering demographic information, learning orientation variables and performance variables was prepared and distributed randomly to a selected sample of 390 SME owners in Msukaligwa Local Municipality in Mpumalanga Province of South Africa. A total of 181 questionnaires were returned. Descriptive statistics, factor analysis, correlation and regression analysis were used for data analysis. The Cronbach’s alpha was used to measure reliability. The results of the study revealed a significant positive relationship between learning orientation and the performance of SMEs. Recommendations to improve the learning orientation of SMEs are suggested.

scholarly journals The impact of market orientation on the performance of MSMEs operating in technology parks: The role of market dynamism

2021 ◽  
Vol 17 (2) ◽  
pp. 29-52
Author(s):  
Anna Wójcik-Karpacz ◽  
◽  
Jarosław Karpacz ◽  
Joanna Rudawska ◽  
◽  
...  
Keyword(s):  
Firm Performance ◽  
Market Orientation ◽  
Small And Medium Enterprises ◽  
Theory And Practice ◽  
Systematic Research ◽  
Technology Parks ◽  
And Performance ◽  
Medium Enterprises ◽  
The Impact

Purpose: The purpose of this article is to identify the role of market dynamism in the relationship between market orientation and the performance of micro, small, and medium enterprises (MSMEs) operating in technology parks (TPs) in Poland. Methodology: The two methods used for performing the quantitative empirical research are CAWI and PAPI. The research sample included MSMEs operating in technology parks in Poland. The article is the answer to the needs for systematic research of models between market orientation and firm performance. Findings: The research findings provide an insight into the level of market orientation and performance of the analyzed MSMEs operating in technology parks in Poland. It was found that MSMEs in the research sample were not a homogeneous group in this respect. It has been proven that market orientation is a significant stimulant of firm performance, while market dynamism has not been classified as a moderator of the market orientation–firm performance relationship. Implications for theory and practice: This study contributes to strategic management by identifying the key role of market orientation for enterprises wishing to benefit from this type of strategic orientation. The important role of the predictor – market orientation in shaping the results of micro, small and medium-sized enterprises operating at TPs in Poland has been proven. In practice, this means that increasing the level of market orientation is conducive to increasing positively assessed financial performance. Originality and value: Our research carried out at MSMEs operating in technology parks in Poland enriches and supplements knowledge about market orientation as a phenomenon of universal character because it also applies to smaller sized business organizations.

scholarly journals The Impact of Leadership Styles on the Entrepreneurial Orientation of Small and Medium Enterprises in South Africa

2017 ◽  
Vol 9 (2(J)) ◽  
pp. 104-113
Author(s):  
Obey Dzomonda ◽  
Olawale Fatoki ◽  
Olabanji Oni
Keyword(s):  
South Africa ◽  
Leadership Styles ◽  
Leadership Style ◽  
Entrepreneurial Orientation ◽  
Small And Medium Enterprises ◽  
Critical Role ◽  
Sampling Technique ◽  
Active Role ◽  
Medium Enterprises ◽  
The Impact

The critical role Small and Medium Enterprises play in the economic prosperity of nations cannot be understated. SMEs actively contribute towards economic growth and development through their active role as innovators and agents for change. The authors of this paper believe that leadership styles exercised by SME owners have a bearing on the innovative ability of SMEs. Hence, this paper aimed at investigating the impact of leadership styles on the entrepreneurial orientation of SMEs in Polokwane Municipality. A quantitative research method was used and 103 SMEs participated in the survey. The random sampling technique was used. Self-administered questionnaires were utilised to collect data in a survey. Data analysis included descriptive statistics, Pearson’s correlation and regression analysis. Reliability of the data collection instruments was measured using the Cronbach’s alpha. The results indicated that the SMEs display average levels of entrepreneurial orientation. In addition, the results showed that SMEs display average levels of leadership styles inclined towards transformational leadership style. Furthermore, the results showed a significant positive relationship between the independent variables: leadership styles with the dependent variable (EO) of SMEs. SMEs were recommended to provide flexible leadership styles that will make EO to flourish in their businesses. Furthermore, the policy makers and relevant authorities were recommended to devise and implement a consortium of strategies and policies that can increase the level of entrepreneurial orientation among SMEs in South Africa.

scholarly journals Business Environment and Small and Medium Enterprises Performance: Pragmatic Evidence from Oyo State, Nigeria

2019 ◽  
pp. 1-8
Author(s):  
Fasesin, Oladipo Oluwafolakemi ◽  
Ajiboye, Folasade Abiodun ◽  
Aremu Atinuke Bukola
Keyword(s):  
Small And Medium Enterprises ◽  
Business Environment ◽  
Descriptive Statistics ◽  
Technological Changes ◽  
Organizational Survival ◽  
Data Collection Instrument ◽  
Inclusion Rate ◽  
And Performance ◽  
Medium Enterprises ◽  
The Impact

The dynamic and rapidly changing business environment in which most businesses operate has made a significant impact on organizational survival and performance. This study seeks to examine the impact of the business environment on SMEs' performance in Nigeria with particular reference to Oyo State. A survey of 153 randomly selected SMEs from three cities in every three senatorial zones of Oyo State. The data collection instrument was a questionnaire designed for the study. Descriptive statistics and Multiple Regression were used to analyze the data. The results reveal that the business environment has a significant impact on SMEs' performance. Furthermore, the results also show that infrastructural facilities accessibility, financial related problems, technological changes and attitude of people to locally made products are the most environmental factors militating against SMEs survival in Nigeria. Subsequently, the study recommends that government should do the needful in terms of provision of infrastructural facilities and implantation of National Financial Inclusion Strategy (NFIS) of making sure that a financial system is accessible to all Nigerian adults, at an inclusion rate of 80%, and to promote the country’s economic growth.

scholarly journals Performance implications of financial capital availability on the financial literacy – performance nexus in South Africa

2016 ◽  
Vol 13 (2) ◽  
pp. 354-362 ◽  
Author(s):  
Neneh Brownhilder Ngek
Keyword(s):  
South Africa ◽  
Financial Literacy ◽  
Small And Medium Enterprises ◽  
Literacy Skills ◽  
Financial Capital ◽  
Financial Decisions ◽  
Literacy Performance ◽  
Entrepreneurial Activities ◽  
Medium Enterprises ◽  
The Impact

The need for making optimal financial decisions is very important in small and medium enterprises (SMEs) especially as most SMEs are always financially constrained. Consequently, there has been an increasing interest from researchers to determine how well financial literacy skills can enable entrepreneurs to make decisions that result in optimal financial outcomes and possible enhance the performance and growth of their businesses. This study had as objectives to find out the impact of financial literacy on firm performance, as well as to examine the moderating effect of financial capital availability on the financial literacy – performance relationship, amongst SME in the Free State province of South Africa. The results showed that on average SME have low levels of financial literacy and financial capital availability. It was also observed that financial literacy positively influenced SME performance, and that the relationship is positively moderated by financial capital availability. It is, therefore, necessary for SME owners to develop financial literacy skills as an essential part of entrepreneurial activities. Likewise, since businesses rely on financial capital to invest, develop and grow, policy makers should put in place measures on how to bridge the access to finance gap, and, thus, ensure that entrepreneurs are relieved from financing constraints

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