scholarly journals An analysis of opinions from veterinarians in South Africa regarding business management skills

2004 ◽  
Vol 75 (1) ◽  
Author(s):  
R.C. Krecek ◽  
P. Tobin
Keyword(s):  
South Africa ◽  
Financial Management ◽  
Business Management ◽  
Global Market ◽  
Business Practices ◽  
Management Skills ◽  
Management Ethics ◽  
Challenges And Opportunities ◽  
Urban Rural ◽  
Day To Day Operations

The changing role of veterinarians in the global market is a current topic of debate and discussion. Few countries including South Africa have formally examined the changing dynamics of this profession. Therefore, the present study addressed 2 objectives. The 1st was to examine basic information about veterinarians in South Africa including their age, gender and distribution across provinces, the percentage whose practice was urban, rural or periurban, the numbers working with specific animal species, and the extent of business management and skills previously gained. The 2nd objective was to obtain opinions and insights from veterinarians in South Africa about the challenges and opportunities facing their business practices to better understand what they considered important dynamics to their businesses today. Several areas of business on which they were questioned and which were included in this study were: marketing, vision,humanresources, leadership, financial management, ethics, competition, day-to-day operations, interpersonal skills and information management. This is the 1st known survey to employ a questionnaire to gain insights and opinions from veterinarians about business management skills.

scholarly journals SME owners and debt financing: Major challenges for emerging market

2016 ◽  
Vol 13 (4) ◽  
pp. 542-548
Author(s):  
Jonathan Cameron ◽  
Muhammad Ehsanul Hoque
Keyword(s):  
South Africa ◽  
Qualitative Study ◽  
Financial Management ◽  
Financial Institution ◽  
Emerging Market ◽  
Business Management ◽  
Debt Financing ◽  
Management Skills ◽  
Record Keeping ◽  
Management Experience

The purpose of this qualitative study was to unpack the different aspects of the financial obstacles that small medium entrepreneurs (SMEs) face in South Africa. Data were collected by conducting one on one interview’s among four financial specialists from financial institution. The financial specialists reported risk was seen as a contributing factor for loans being declined. Other reasons to decline loan were not having business management skills, lack of financial management, experience in an industry and passion for what they do, poor credit record keeping, and lack of collateral. The opportunities leading from the study suggest that entrepreneurs have the potential to improve their chances of accessing finance by enrolling in entrepreneurial and business management studies, thereby learning to overcome poor financial management, and improve their business management skills

scholarly journals Ecological and economic management tools in forestry

2021 ◽  
Vol 875 (1) ◽  
pp. 012044
Author(s):  
T L Bezrukova ◽  
V G Larionov ◽  
I V Kuksova
Keyword(s):  
Business Management ◽  
Management Systems ◽  
Business Practices ◽  
Management Skills ◽  
Economic Management ◽  
Management Tools ◽  
Forestry Management ◽  
New Business ◽  
New Policies ◽  
The Impact

Abstract The importance of this article is related to the development of new policies for the management of the forestry business. The emergence of new business practices requires a revision of existing business management systems or the acquisition of new unique management skills. This article highlights the key ecological and economic management tools in forestry, identified as a result of the study of the works of domestic and foreign authors, as well as the provisions of regulatory legal acts. The developed environmental and financial forestry management tools make it possible to consider both industries and economic entities for the impact on the environment, aimed at the prospects for the creation of a certain entity. Upon completion of this work, important environmental and economic management tools were adopted that will contribute to the formation of a management idea for forestry. When modeling the ecological and economic management of forestry, a rational option for regulating the instruments was chosen, which would bring the system to the desired state. It was concluded that it is necessary to maximize the coefficients regulating the instruments of environmental and economic management of forestry. It is also necessary to improve the environmental audit and insurance, the legislative mechanism, the introduction of trade rights in certain territories.

scholarly journals Islamic Entrepreneurship Model Based on Local Wisdom and Competitiveness

2020 ◽  
Vol 18 (1) ◽  
pp. 36-64
Author(s):  
Buhaerah ◽  
Ahdar ◽  
Musyarif
Keyword(s):  
Financial Management ◽  
Business Management ◽  
Monitoring And Evaluation ◽  
Management Skills ◽  
Business People ◽  
South Sulawesi ◽  
The People ◽  
New Business ◽  
The Government ◽  
Entrepreneurial Training

Implementation of research-based dedication program with the title of development of Islamic Entrepreneurship Model (IEM) based on local competitiveness aims; (1) Making IEM is a reference for the government or policy determinant to create and direct the business people uphold Islamic values; (2) to make the community have an Islamic entrepreneurial soul, local wisdom-based, and competitive; (3) Increased business management skills and good financial management; and (4) implementing IEM in the form of training and mentoring for the community. The IEM development process includes three phases; (1) The development of IEM, (2) implementation and the assessment, and (3) Monitoring and evaluation. Some factors that are individual according to Islam that entrepreneurs need to have are fathonah, amanah, shiddiq, tabligh, and istiqomah. In addition to things that are inherently in entrepreneur, there are also external factors that can support the success of entrepreneurs including the existence of a conducive legal basis in the form of legislation that supports the growing and development of entrepreneurship. The existence of culture and mindset that supports entrepreneurship as a source of living. The IEM program held in South Sulawesi in 2019 has taken up by 76%. The IEM Program that is implemented for the people of business has reached the goal 80% namely: Increased business management skills and financial management for business people. Creating an entrepreneurial training method that is appropriate for the community of businessmen who are pioneering entrepreneurs. Conducting mentoring in business people who have started to open a new business.

Issue of Financial Management Practices among SMMEs: A Case Study of Former Transkei Homelands in Eastern Cape Province South Africa

10.31355/70 ◽  
2020 ◽  
Vol 4 ◽  
pp. 001-007
Keyword(s):  
South Africa ◽  
Financial Management ◽  
Financial Stability ◽  
Management Practices ◽  
Future Research ◽  
First Year ◽  
Eastern Cape Province ◽  
Eastern Cape ◽  
Management Skills

NOTE: THIS ARTICLE WAS PUBLISHED WITH THE INFORMING SCIENCE INSTITUTE. Aim/Purpose...................................................................................................................................................................................................... The goal of this study was to investigate the financial management practices of SMMEs operating in under developed regions as a challenge facing SMMEs operating in underdeveloped regions using former Transkei Homelands in Eastern Cape Province as a case study. Background......................................................................................................................................................................................................... In South Africa, the works of Cameron and Miller (2008) highlights that South Africa is ranked among top countries in the world with high failure rates of SMMEs during the first year of establishment. This calls for continues research works to identify factors that could be impeding the progress of SMMEs in South Africa. According to Jayansankaran, (1999) proper financial management practices are among the key deciding factors when it comes to the survival of SMMEs. Mostly SMMEs in underdeveloped regions are owned and managed by one person, the lack of financial management competence on the side of the SMMEs owners or managers in turn could bring serious consequences to the financial stability and grow of the SMMEs. It is against this background that this study focuses on financial management practices among SMMEs entrepreneurs operating their businesses in former Transkei Homelands where survival of SMMEs are critical for economic development of the region. Methodology....................................................................................................................................................................................................... The researcher in this study uses both quantitative and purposive sampling approaches to design an exploratory study to sample 68 SMMEs owners/managers based in the various towns of the selected region. Contribution........................................................................................................................................................................................................ This research will add to the growing knowledge about identifying factors that may be impeding survival of SMMEs. Findings .............................................................................................................................................................................................................. The major findings of the study revealed that 95.59% of the owners/managers have no financial management/accounting skills as well as 58.82% of the internal system of recording financial transactions are not audited. Recommendations for Practitioners................................................................................................................................................................. In view of the findings it is recommended that agencies charged with looking after SMMEs provide training in the area of financial management skills for the SMMEs owners/managers. Recommendation for Researchers.................................................................................................................................................................... Future studies can include the other four principles of financial management principles highlighted by Armstrong (2001). Impact on Society............................................................................................................................................................................................... The research will assist to highlight to funders of SMMEs, policy makers and business support agencies the need for educating SMMEs entrepreneurs especially those operating their businesses in underdeveloped regions in proper financial management practices in order to curve the problem of cash flow faced by SMMEs which leads to SMMEs failure. Future Research................................................................................................................................................................................................. Exploring the skills of the SMMEs entrepreneurs’ to prepare, understand and interpretation of financial statements are critical in this context.

Sustainable Entrepreneurship and Management Skills at a Crossroad in the Circular Economy

2020 ◽  
pp. 501-519
Author(s):  
Booysen Sabeho Tubulingane
Keyword(s):  
Circular Economy ◽  
Time Management ◽  
Financial Management ◽  
Business Models ◽  
Business Management ◽  
Management Skills ◽  
Sustainable Business ◽  
Sustainable Entrepreneurship ◽  
Problems And Solutions ◽  
Starting A Business

Entrepreneurship is the process of starting a business, a start-up company, or an organization. Before a person is capable of starting a business, there are entrepreneurship and business management skills that need to be acquired. Business management skills involve planning, decision making, leadership, marketing, selling, financial management, project management, delegation, time management, problem-solving, and networking. Entrepreneurship skills enable an entrepreneur to be self-efficacy, innovative, taking control of business activities, articulating a need for achievement, and able to take risks. Thus, this chapter provides a desktop literature analysis of the relationship between entrepreneurship and management skills within a circular economy. The chapter further examines problems and solutions to sustainable entrepreneurship. There is a need for a study to investigate how innovative sustainable business models can be both fully profitable and sustainably oriented.

scholarly journals Pelatihan Kewirausahaan Bagi Pelaku Usaha Kecil Dan Binaan Koperasi Di Rumah Susun Sederhana Sewa (Rusunawa) Cipinang Besar Selatan

2017 ◽  
Vol 1 (1) ◽  
pp. 58-72
Author(s):  
Dewi Susita ◽  
Umi Mardiyati ◽  
Hania Aminah
Keyword(s):  
Small Business ◽  
Community Service ◽  
Financial Management ◽  
Production Efficiency ◽  
Business Management ◽  
Survey Method ◽  
Creative Economy ◽  
Management Skills ◽  
Service Activity ◽  
Marketing Analysis

In an effort to improve empowerment of creative economy, enterpreneurship and management for small business and cooperation is the basis for author to improve the empowerment through training. Training is one of the way to improve the competence of people for generating optimal performance that  suitable with the expectation. The study was conducted by using survey method with interview, observation techniques, and questionnaires. The title of this community service activity is Enterpreneurship Training for Small Business and Cultivated Cooperative at Rusunawa Cipinang Besar Selatan.  The purpose of this activity is to develop an improve the enterpreneurship as well as improving the management skills  of small business and cooperation at Rusunawa Cipinang Besar Selatan. This activity are developing enterpreneurship, market and marketing analysis, business management, partnership, production efficiency, financial management, and business proposal can be useful in developing the business. KATA KUNCI: Enterpreneurship,  Management, Small Business and Cooperation   

BUSINESS MANAGEMENT DISTANCE EDUCATION RESEARCH ON YEAR MARK ASSESSMENT POLICY AT THE UNIVERSITY OF SOUTH AFRICA

2005 ◽  
Vol 1 (1) ◽  
pp. 20-37
Author(s):  
Marolee Beaumont Smith
Keyword(s):  
South Africa ◽  
Financial Management ◽  
Learning Experience ◽  
Business Management ◽  
Trial Period ◽  
Future Assessment ◽  
Tuition Policy ◽  
Assessment Policy ◽  
Period 2 ◽  
The University

The current tuition policy of the Department of Business Management at the University of South Africa encourages, but does not compel students to submit assignments under the semester system. A relatively small percentage of students submit the voluntary assignment, thereby forfeiting the benefit of the learning experience and assessment feedback from the respective lecturers. The Department of Business Management is concerned that this voluntary assignment assessment policy impacts negatively on the standard of learning and assessment within the Department. It hence decided to implement, on a trial basis for 2003 and 2004, a year-mark option assignment policy for two of its undergraduate semester courses. The aim was to assess whether such an option contributed towards the improvement of examination results and the enhancement of the learning experience of students registered for the relevant courses. This paper reports on the findings of the year-mark option assignment policy for the second year degree course MNX202-J (marketing management) and the third year degree course MNF301-5 (financial management) for the trial period 2003 to 2004. The findings are in the form of (1) statistics on the percentage number of students who submitted assignments, average marks obtained and examination results statistics during the trial period: (2) the results of an opinion survey questionnaire sent to students to obtain their feedback on the value of compulsory year-mark option assignments; and (3) feedback and comments from facilitators involved in the year-mark option exercise. Finally recommendations are made on the way forward for future assessment in the Department of Business Management.

scholarly journals ENTREPRENEURSHIP AND MANAGEMENT OF SMALL ENTERPRISES: AN OVERVIEW OF AGRICULTURAL ACTIVITIES IN THE MOPANI DISTRICT MUNICIPALITY

2021 ◽  
Vol 2 (1) ◽  
Author(s):  
Aaron Ramodumo ◽  
◽  
Joel Chigada ◽  
Keyword(s):  
South Africa ◽  
Rural Areas ◽  
Smallholder Farmers ◽  
Poverty Line ◽  
Small Enterprise ◽  
Business Practices ◽  
Agricultural Activities ◽  
Management Skills ◽  
Climate Conditions ◽  
Operational Practices

Background: This study analysed entrepreneurial dynamics, activities and challenges confronting small agricultural businesses in the Mopani District Municipality in Limpopo, South Africa. Mopani is a rural district municipality and home to 1,2 million people of whom 77% live below the poverty line. Agriculture is a major income-generating sector for many disadvantaged communities in rural areas of South Africa, and it plays a significant role in the economy. Objectives: The objectives of the study were to investigate the operational practices that contribute to the success/failure of emerging agricultural small enterprise owners in their agricultural activities within Mopani District – a district with large numbers of highly competitive and commercial farmers. In addition, the study suggested interventions that could help smallholder farmers to sustain their income-generating businesses.Method: A qualitative research method was adopted to gain insights from 30 small agricultural businesses, which included crop, poultry and diversified or mixed production. Different data collection techniques (interviews, document analysis and observations) were used to collect data and increase the trustworthiness of the research findings. Results: The majority (68%) of farm owners had no finance to start their own personal businesses, except that they received funding (financial start-ups) from the Municipality, the Comprehensive Agricultural Support Programme (CASP) and other agencies. Thirty-two per cent (32%) started their businesses on their own without municipal assistance, but they received funding later on. The study revealed that entrepreneurial practices and procedures of running small agricultural enterprises were multidimensional and diverse. Entrepreneurs lacked business management skills, vision, capital and access to markets. Conclusions: While the number of jobs in the large enterprises is decreasing, and government battles in creating conditions for job opportunities, the number of people seeking employment is growing every year. This causes an increase in unemployment in the country. The successful enterprises established income-generating activities that met the needs of their communities. Successful farmers seem to have an endless array of internal and external constraints such as internal efficacy, farm knowledge, business practices, poor marketing, natural disasters and harsh climate conditions amongst emerging farmers. Government should focus their attention on entrepreneurship training, as this is the avenue for incubators and the engine room for economic growth. This would create the much-needed business sustainability, employment opportunities and alleviate poverty in communities

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