scholarly journals Economic Development through Small & Medium Enterprise – A Conceptual Framework

Author(s):  
Subrahmanian Muthuraman
Author(s):  
Pontso Chomane ◽  
Maréve I. Biljohn

Background: Approaches such as social innovation were visible during many of the responses that public-sector organisations, civil society, communities, and the private sector collaboratively implemented to address the issues of unemployment and the impact of economic challenges during the global COVID-19 pandemic. The use of social innovation as an approach to local economic development by South African municipalities, however, reveals a research gap in terms of a conceptual framework for enabling such use.Aim: This article explores a conceptual framework for using social innovation as an approach to local economic development by South African municipalities.Setting: Conventional top-down local economic development approaches by South African municipalities have become inadequate for dealing with contemporary local economic development challenges. Such inadequacy calls for municipalities to rethink and adapt their approach to dealing with economic challenges and to developing and implementing their local economic development strategies.Methods: Through an interpretivist paradigm, the adopted methodology is underpinned by a qualitative research approach. Content analysis was performed of relevant research documents concerning social innovation and local economic development. From this content analysis, a conceptual framework was developed through an inductive approach.Results: The findings illustrate that the praxis for using this conceptual framework is vested in the interconnected nature of its attributes, antecedents, and consequences, which will contribute to the achievement of certain local economic development outcomes.Conclusion: This article suggests that a conceptual framework could contribute to stimulating future research concerning the phenomenon and can serve as an impetus and direction for research inquiry.


2020 ◽  
pp. 016001762090953 ◽  
Author(s):  
Thomas Brekke

There are a rapidly growing number of scientific studies analyzing the role of university and higher educational institutions in regional economic development. In this study, the author reviews the rapidly growing body of research streaming out of the geography of innovation and knowledge with particular attention to the period from 1994 to 2019. The author discusses several seminal contributions on the role of universities in regional economic development and then applies a systematic literature review to the extant research of 193 articles. This literature review offers a conceptual framework by identifying four key topics found in the literature: organizational capacity, intermediaries, knowledge dynamics, and policy.


Oryx ◽  
2013 ◽  
Vol 47 (3) ◽  
pp. 369-380 ◽  
Author(s):  
Joseph W. Bull ◽  
K. Blake Suttle ◽  
Ascelin Gordon ◽  
Navinder J. Singh ◽  
E. J. Milner-Gulland

AbstractBiodiversity offsets are an increasingly popular yet controversial tool in conservation. Their popularity lies in their potential to meet the objectives of biodiversity conservation and of economic development in tandem; the controversy lies in the need to accept ecological losses in return for uncertain gains. The offsetting approach is being widely adopted, even though its methodologies and the overriding conceptual framework are still under development. This review of biodiversity offsetting evaluates implementation to date and synthesizes outstanding theoretical and practical problems. We begin by outlining the criteria that make biodiversity offsets unique and then explore the suite of conceptual challenges arising from these criteria and indicate potential design solutions. We find that biodiversity offset schemes have been inconsistent in meeting conservation objectives because of the challenge of ensuring full compliance and effective monitoring and because of conceptual flaws in the approach itself. Evidence to support this conclusion comes primarily from developed countries, although offsets are increasingly being implemented in the developing world. We are at a critical stage: biodiversity offsets risk becoming responses to immediate development and conservation needs without an overriding conceptual framework to provide guidance and evaluation criteria. We clarify the meaning of the term biodiversity offset and propose a framework that integrates the consideration of theoretical and practical challenges in the offset process. We also propose a research agenda for specific topics around metrics, baselines and uncertainty.


2016 ◽  
Vol 34 (5) ◽  
pp. 671-691 ◽  
Author(s):  
S. M. Riad Shams

Purpose – Capacity building is a crucial antecedent for socio-economic development. However, an enhanced capacity that is difficult to develop could quickly be eroded, because of rapid changes in competitive forces in industries and markets. Therefore, this paper intends to analyse the extant strategic management and relationship marketing (RM) literature that deal with competition. Eventually, the purpose of this paper is to develop an alternative route for capacity building process that could sustain competitive advantage in a market or industry, which encounters rapid changes in business competition. Design/methodology/approach – An inductive constructivist approach is followed to support arguments, in order to develop a synthesis from the relevant literature to reinforce the current understandings on capacity building and sustained competitive advantage. Findings – An influence of RM on strategic organisational dynamic capabilities (DCs) is recognised, which appears as significant to sustain DCs and subsequent competitive advantage. Based on this influence, this paper proposes a conceptual framework of capacity building that could survive through the “valuable, rare, inimitability and non-substitutability” test, which is fundamental to sustain competitive advantage. Some empirical insights are developed, in support of this conceptual framework. Practical implications – For research and practice, these insights will be useful to focus on specific attributes in capacity building to sustain the enhanced capacity’s competitive advantage over time, across industries and markets. Social implications – Similarly, the insights will be instrumental to sustain the benefit of capacity building to underpin socio-economic progress. Originality/value – The paper proposes a much needed initial conceptual framework for capacity building to sustain competitive advantage of a hard-earned capacity for socio-economic development.


2019 ◽  
Vol 1 (1) ◽  
pp. 23
Author(s):  
Paulin Mbecke

<p><em>The debate around scholarship (engaged and activist) is new in South Africa. Currently, the practice of engaged scholarship and activist scholarship is poor or quasi-inexistent, yet, it is believed that these two approaches can contribute to human rights activism which favours socio-economic development. This paper identifies the patterns and principles of engaged scholarship and activist scholarship and their connection with socio-economic development. It argues that effective engaged and activist scholarship programmes can contribute to and facilitate socio-economic development. Thus, the paper suggests a model outlining four key principles forming a conceptual framework for an effective engaged scholarship and a supporting activist scholarship model that facilitates the awareness and participation of communities in socio-economic development efforts.</em></p>


2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Flavia Mabel Rinaldi ◽  
Lucía Maglio ◽  
Iliana Pisarro ◽  
Laura Basterrechea

PurposeThis presentation intends to illustrate through the example of a few specific cases of urban actions and projects, those instances in which the existence of built heritage leads to the recognition of identity and valuable contribution as a tool to regenerate, promote residence and economic development.Design/methodology/approachIntroducing a conceptual framework for identity and culture it is possible to start the recognition of buildings, spaces, stories that configure own particularity to cities. And those would be the elements that would be configured as tools to involve the actions and transformation of the area. Studying each one of the heritage elements detected it is possible to trace a chorus line that impulse the new activity proposal.FindingsCases presented in this article were really astonishing in terms of impact and provoked many favorable externalities around them. It is possible to confirm that history and stories as good as buildings and determined places can help regeneration with its own promotion and new ideas applied for better results.Originality/valueIn fact, heritage as a concept, cultural tangible and intangible, is a powerful tool to regenerate cities, to promote economical activity and bind communities toward social development.


Author(s):  
Jon M. Conrad ◽  
Barry C. Field

Research in rural community development is being pursued in a number of different directions. One of these is the identification and analysis of economic development alternatives facing rural communities. A second is the clarification and study of the preferences that rural communities may have with respect to these alternatives. The purpose of this paper is to provide a conceptual framework for integrating these two thrusts in rural development research.


2013 ◽  
pp. 1152-1191
Author(s):  
Kunal

This research work presents a conceptual framework used for analyzing financing mechanism for ICT projects. The focus is on developing countries with a focus on bridging digital divide and using ICT services for economic development. This is an effort in achieving millennium development goals, and the conventional financing mechanism of international organizations has been summarized. The aim is to increase the effectiveness of investment, and for the same purpose, a number of new financing mechanisms are devised by funding organization/agencies. These innovative mechanisms have been summarized with special focus on advantages and disadvantages. The graphic illustrations help in understanding fund flow in financing mechanism. These innovative mechanisms are further explained with the help of cases. A number of innovative financing mechanisms have been presented, which can be adopted for ICT projects in developing countries.


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