scholarly journals Influence of self-motivation and intrinsic motivational factors for small and medium business growth: A South African case study

2018 ◽  
Vol 21 (1) ◽  
Author(s):  
Thandukwazi R. Ncube ◽  
Robert W.D. Zondo
Keyword(s):  
Manufacturing Sector ◽  
Target Population ◽  
Business Owners ◽  
Motivational Factors ◽  
Business Owner ◽  
Business Growth ◽  
Chi Square ◽  
Furniture Manufacturing ◽  
Medium Enterprise ◽  
Future Work

Background: This study investigates the influence of intrinsic motivational factors for small and medium enterprise (SME) growth in the eThekwini District Municipality in South Africa (SA). Aim: It examines whether self-motivation of business owners operating in the furniture manufacturing sector has an influence on SME growth. Setting: Of the 127 SMEs operating in the eThekwini District Municipality, 112 participated in the study representing 88% of the target population. Methods: Descriptive, chi-square and correlative analyses were used to test the two objectives. That is, to determine the influence of self-motivation of business owners for SME growth, as well as to establish the intrinsic motivational factors that stimulate creativity for SME growth. Results: The study revealed that the intrinsic motivational factors of business owners do influence SME growth in SA. These factors include exerting effort for business growth interest, finding new solutions to business problems to achieve growth, growing business for recognition, belief to produce the desired outcomes, taking responsibilities for business expansion, the need for advancement, and growth aspiration that enables the business owner to take risks in order to grow the business. Conclusion: The outcome is that a self-motivated business owner has the ability to grow the business. The study provides valuable data relating to intrinsic motivational factors. Such factors are the enablers of creativity and business growth. It provides initial baseline data upon which to base future work.

scholarly journals The influence of leadership styles on small medium enterprise survival in the manufacturing sector within Msunduzi Municipality

2019 ◽  
Author(s):  
◽  
Mchunu Nelisiwe Mary-Anne
Keyword(s):  
Leadership Styles ◽  
Leadership Style ◽  
Quantitative Research ◽  
Business Performance ◽  
Small And Medium Enterprises ◽  
Manufacturing Sector ◽  
Sampling Technique ◽  
Target Population ◽  
Production Costs ◽  
Chi Square

Small and medium enterprises (SMEs) are key contributors to the South African economy. In order to survive the current volatile economy, SME leaders need to implement leadership styles that are good for the survival of businesses in the manufacturing sector. The manufacturing sector in South Africa is growing at a slower pace in comparison to other sectors due to high labour and production costs. However, implementing a management system, such as, suitable leadership style creates the competitive advantage necessary for survival. The aim of the study was to identify the leadership styles used by SMEs in the manufacturing sector within Msunduzi Municipality and to determine the effectiveness of leadership styles on enterprise success and survival. Managers and other people in authority in organisations adopt certain leadership styles in order to communicate with their subordinates with regard to the execution of tasks. Adopting unsuitable leadership styles impacts negatively on business performance. The study was conducted at SMEs in the manufacturing sector within the Msunduzi Municipality in Pietermaritzburg, Kwa-Zulu Natal. This project emphasised the context of leaders of SMEs and the amount of influence or non-influence that leadership has on the survival of the business. A quantitative research design was adopted for the study; a structured closed-ended questionnaire based on the Multifactor Leadership Questionnaire (MLQ) developed by Avolio, and Bass (2004) was used to collect data from the sample respondents. The target population comprised 686 SMEs. A random sampling technique was used and a sample size of 200 was drawn. A response rate of 68% was successfully achieved. The researcher used personal and email methods of data collection. The data collected from the sample respondents were captured on Microsoft Excel and analysed using the Statistical Package for Social Sciences (SPSS) version 25.0. Several hypotheses were formulated and tested using the Pearson’s Chi-Square. Results revealed that applying a transformational leadership style in managing a business tends to increase the length of business survival. The opposite is true regarding the laissez-faire leadership style. The study further revealed that there is no evidence to suggest that a transactional leadership style has any effect on the survival length of SMEs in the manufacturing sector. Tentative recommendations suggest that leadership in SMEs should adopt a leadership style that is best for the survival of the business.

scholarly journals Discerning the Strategies for Exiting your Business

2021 ◽  
Author(s):  
Jeffrey M. Shepard
Keyword(s):  
Qualitative Research ◽  
Research Method ◽  
Business Owners ◽  
Business Owner ◽  
Business Growth ◽  
Exit Strategy ◽  
Exit Strategies ◽  
The Individual ◽  
Or Manager

For many business owners, strategies for operations are well thought out, whereas strategies for exit are not. Exiting a business does not need to occur due to a challenge or disaster. It is possible to plan and exit for the purposes of business growth, retirement, mergers and more. An exit affects the business owner, as it means that they are no longer involved in running or operations of the organization. The aim of this chapter is to identify common exit strategies and understand how they are of benefit to both the business owner or manager and the individual taking over the business. Secondary qualitative research is the research method used, with analysis of strategies and structures used across countries. These findings include differentiation between exit strategies with an understanding of their impact or influence on the business. These include the process of creating and exit strategy and the benefits for having one in place. The expectations of the investor and how they are to be paid back are taken into consideration. The chapter concludes with a solution for any business owner, including how to work with a qualified team to create a logical, well thought out exit plan.

scholarly journals Industrial policy-making after COVID-19: Manufacturing, innovation and sustainability

2021 ◽  
pp. 103530462110147
Author(s):  
Mark Dean ◽  
Al Rainnie ◽  
Jim Stanford ◽  
Dan Nahum
Keyword(s):  
Recent Work ◽  
Industrial Policy ◽  
Industrial Revolution ◽  
Manufacturing Sector ◽  
The Future ◽  
Australian Economy ◽  
Industry Policy ◽  
Future Work ◽  
Policy Proposals ◽  
Recent Policy

This article critically analyses the opportunities for Australia to revitalise its strategically important manufacturing sector in the wake of the COVID-19 pandemic. It considers Australia’s industry policy options on the basis of both advances in the theory of industrial policy and recent policy proposals in the Australian context. It draws on recent work from The Australia Institute’s Centre for Future Work examining the prospects for Australian manufacturing renewal in a post-COVID-19 economy, together with other recent work in political economy, economic geography and labour process theory critically evaluating the Fourth Industrial Revolution (i4.0) and its implications for the Australian economy. The aim of the article is to contribute to and further develop the debate about the future of government intervention in manufacturing and industry policy in Australia. Crucially, the argument links the future development of Australian manufacturing with a focus on renewable energy. JEL Codes: L50; L52; L78; O10; O13: O25; O44; P18; Q42

Influence of Entrepreneur and Firm Characteristics in Accessing Bank finance

2021 ◽  
Vol 5 (3) ◽  
pp. 41-52
Author(s):  
Kili Muhindi Rop ◽  
◽  
Edgar Ouko Otumba ◽  
Peter Kibas ◽  
Bernard Kibet i Nassiuma ◽  
...  
Keyword(s):  
High Performance ◽  
Service Providers ◽  
Firm Characteristics ◽  
Chi Square ◽  
Business Plans ◽  
Access To Credit ◽  
Bank Financing ◽  
Business Form ◽  
Chi Square Test ◽  
Medium Enterprise

SMEs are mostly guided by the owners’ characteristics which is an indicator of the level of decisions taken in the firm. Access to credit is a prerequisite for a high performance of an SME. The paper aimed at establishing the empirical link between entrepreneurs and firm characteristics and access to bank financing by SMEs in Eldoret town. Descriptive and explanatory research designs were employed in the study. A chi-square test of association was used to determine the relationship between study variables. The study findings indicated that gender and number of employees had a significant influence on access to bank financing. Male entrepreneurs are more likely to get bank financing compared to their female counterparts, while an increase in the number of employees increases the success rate of getting bank financing. However, age, education, business form, number of years of operation, stage of business and average turnover were found to be insignificant in obtaining funding. The study concluded that entrepreneur characteristics namely gender and relation to business and firm characteristics specifically structure of the business, economic sector and the average turnover determines the likelihood of banks financing SMEs. Entrepreneurial and firm characteristics were found to be important in access to bank financing. The study recommended that government and other service providers incorporate additional simplified components to their training packages to cover such areas as bookkeeping and development of business plans. Banks should develop lending policies which are friendly to Small and Medium Enterprise contexts. Keywords: Entrepreneur, firm characteristics, access, bank financing, SMEs

Learning to Solve a Business Problem: ‘Hands-on’ Can Get Results

2007 ◽  
Vol 21 (6) ◽  
pp. 465-471 ◽  
Author(s):  
Robyn Neeson ◽  
Leo Billington ◽  
Rowena Barrett
Keyword(s):  
Small Business ◽  
Business Owner ◽  
Business Growth ◽  
Small Business Owner ◽  
Business Training ◽  
Hands On ◽  
Small Business Training ◽  
The One ◽  
The Individual ◽  
The Right

Small business training can facilitate business growth. The authors show that a ‘hands-on’ approach can have a direct impact on a business owner's current situation. They consider this in relation to the problem of being unable to find the right staff, demonstrating that a programme such as the one they describe enables learning and addresses the lack of time and resources faced by many small business owner-managers. Such programmes also accommodate the style, pace and circumstances of the individual learner. This has a number of implications for the delivery of training to small business owner-managers.

scholarly journals Pap smear screening in antenatal women: an opportunistic way to save life

2021 ◽  
Vol 10 (8) ◽  
pp. 3158
Author(s):  
Sana Siddiqui ◽  
Suhailur Rehman ◽  
Imam Bano ◽  
Sayeedul H. Arif
Keyword(s):  
Trichomonas Vaginalis ◽  
Pap Smear ◽  
Cervical Screening ◽  
Target Population ◽  
Antenatal Clinic ◽  
Demographic Variables ◽  
Viable Option ◽  
Chi Square ◽  
Cross Sectional ◽  
Pap Smear Screening

Background: Cancer cervix is the most common genital tract malignancy encountered in developing countries. In India, first visit to the gynaecologist for most women is during pregnancy and it may be the only visit. Hence, prenatal care offers an excellent opportunity to implement cervical screening in patients of young age, especially in women who do not seek routine health care. Therefore, this study was conducted to know the prevalence of abnormal Pap smear among the ante-natal women and to evaluate the result in relation to various risk factors.Methods: Cross sectional observational study conducted on 425 ante-natal women attending the antenatal clinic using questioner addressing various socio-demographic variables. Measures of central tendency calculated and result was tabulated by using chi-square test.Results: Maximum number of cases in our study was NILM i.e.314 (74%) followed by 68 cases of Candida (16%), 30 cases of Bacterial vaginosis (7.1%) and 10 cases of Trichomonas vaginalis (2.4%). Only 3 cases of abnormal Pap smear was reported i.e. 2 of ASCUS and 1 of LSIL. Thus, prevalence of abnormal Pap smear was 0.7%.Conclusions: In country like India where organised screening programme are not available, as well as the awareness and uptake of available services by the target population is also poor; screening in pregnancy is worthwhile and may be a viable option to reduce the burden of cervical carcinoma. 

scholarly journals BARRIERS OF SMES’ SUSTAINABILITY IN SUB-SAHARAN AFRICA: A PLS-SEM APPROACH

2021 ◽  
Vol 9 (1) ◽  
pp. 10-24
Author(s):  
John Amoah ◽  
Abdul Bashiru Jibril ◽  
Bayuasi Nammei Luki ◽  
Michael Amponsah Odei ◽  
Charles Yawson
Keyword(s):  
Developing Countries ◽  
Developing Economies ◽  
Manufacturing Sector ◽  
Business Owners ◽  
Partial Least Square ◽  
Least Square ◽  
Sub Saharan Africa ◽  
Future Research ◽  
Global Business ◽  
Sub Saharan

Undoubtedly, entrepreneurial knowledge is a prerequisite for the survival of every business organization. To this, the contribution of Small and Medium Enterprises (SMEs) in the socio-economic development in most developing economies cannot be underestimated. Both developed and developing countries are living testimonies of their contributions to their nation’s growth and development. However, extant literature shows that as competition and innovation intensify in the global business market, many SMEs in developing countries are constrained by external forces that hinder the sustainability of these businesses.   Hence, this paper aims to find out the mitigating factors warranting SMEs’ sustainability from the viewpoint of entrepreneurs and business owners, particularly in the manufacturing sector of Ghana, a Sub-Saharan Africa region. To achieved this objective, the study deployed a simple random sampling technique with 370 valid responses through a structured questionnaire for the analysis. Relying on PLS-SEM (partial least square and structural modeling) with the aid of ADANCO 2.2.1 software version revealed that factors such as financial challenges, technology; market penetration & acceptability; and research & development are barriers facing SMEs sustainability in the Ghanaian manufacturing sector. This study would be beneficial to entrepreneurs and business owners of SMEs in most developing countries and provide deeper insight into the SME literature at large. This study would further strengthen SME entrepreneurs and business owners to fully devise strategies that can help them to override such migrating challenges and equipped them to effectively stay competitive in the long term for the firm’s growth and survival. The limitation and future research directions are equally presented in the paper.

scholarly journals Perception towards Regulatory Burden on Small and Medium Enterprises Performance: A Case Study in Shashemene Town, West Arsi Zone, Ethiopia

2020 ◽  
Vol 10 (1) ◽  
pp. 294
Author(s):  
Ofgaha Alemu Dire ◽  
Wegene Bekele Bekelcha
Keyword(s):  
Small And Medium Enterprises ◽  
Business Owners ◽  
Research Approach ◽  
Policy Makers ◽  
Regulatory Burden ◽  
Small And Medium Enterprise ◽  
Arsi Zone ◽  
Medium Enterprise ◽  
Broad Objective ◽  
Medium Enterprises

The study focuses on “perception towards regulatory burden on small and medium enterprise performance” in Shashemene town, west Arsi zone, Oromia regional state, Ethiopia. The study adopted a qualitative research approach to address broad objective through answering research questions developed by a researchers. Specifically, this study used questionnaire to collect data from SMEs business owners, managers and employees and in-depth interview conducted. Data was analyzed by using descriptive statistics. The information obtained from a samples of the 140 small and medium enterprise and through face-to-face interview of 10 owners of SMEs business. The respondents were selected using stratified sampling techniques. The result of the study show that small and medium enterprise challenges from different factors as they perceived from the challenges of regulatory burden and identifies mechanisms used to mitigate problems from regulatory burden and how much the regulators have smooth contact with them and to what extent regulators made inspections. Moreover, the result indicated the perception of SMEs businesses towards regulatory burden. As a whole, the study suggests a series of measures should be taken by government policy, makers and regulators for SMEs performance. Researchers’ conclude and recommend that government bodies, Small and medium enterprise business owners, managers, employees and policy makers should focus on regulation to reduce regulatory burden on small and medium enterprises.

scholarly journals Classification of entrepreneurial risks in order to define business-processes of the business owner

E-Management ◽  
2019 ◽  
Vol 2 (1) ◽  
pp. 26-32
Author(s):  
A. S. Kuksov ◽  
K. L. Neopulo
Keyword(s):  
Business Processes ◽  
Business Management ◽  
Business Owners ◽  
Theory And Practice ◽  
Business Owner ◽  
Strategic Development ◽  
Definition Of ◽  
Ownership Control

Owned business management inevitably implies the availability of tools for its implementation. The set of tools for such management is effective, when it can be integrated into the overall system of business processes. The problem lies in the selection of those managerial business processes, where the participation of the owner is necessary. Justification of the definition of such business processes is possible on the basis of systematization and identification of the risks, that must be assumed by the business owner. In theory and practice of management, the focus is on the management of the organization, which is implemented by hired specialists-managers. The role of business owners is rarely seen as an independent activity. Meanwhile, the goals and the role of business owners are far from adequate to the goals and roles of managers. This circumstance makes the problem of ownership business management urgent. Currently, the terms “owner contro”l and “ownership management” are used in literary sources. These terms do not coincide in their meaning. Ownership management includes ownership control and occurs when the owner solves the problems of strategic development. If strategic development goals are not set for any reason, the owner remains to develop a system of ownership control over the current state of the business. Ownership business management should be built on the development and control of the organization's business processes. The owner can not physically control all business processes, and this is not necessary. There is a need to highlight those business processes, that he must control necessarily. In our opinion, the solution of this problem can be built on the basis of an appropriate classification of entrepreneurial risks. 

scholarly journals Faktor yang Berhubungan dengan Kejadian Dehidrasi pada Pekerja Tempe di Kelurahan Rajawali Kota Jambi

2020 ◽  
Vol 11 (2) ◽  
pp. 43-48
Author(s):  
Novitri Sari ◽  
Eko Mirsiyanto
Keyword(s):  
Drinking Water ◽  
Body Weight ◽  
Fluid Intake ◽  
Sampling Technique ◽  
Business Owners ◽  
Fluid Consumption ◽  
Chi Square ◽  
Cross Sectional ◽  
Factors Associated ◽  
Chi Square Test

Dehidrasi merupakan kekurangan cairan tubuh karena jumlah cairan yang keluar lebih banyak dari pada jumlah cairan yang masuk. Salah satu pekerjaan yang beresiko mengalami dehidrasi adalah pada perebusan pembuatan tempe dimana menggunakan lingkungan yang cukup panas sehingga banyak mengeluarkan keringat dan mebutuhkan asupan cairan yang lebih. Tujuan penelitian adalah untuk mengetahui faktor-faktor yang berhubungan dengan kejadian dehidrasi pada pekerja pengrajin tempe. Penelitian ini merupakan penelitian deskriptif analitik dengan pendekatan cross sectional. Populasi dalam penelitian ini adalah seluruh jumlah pengrajin tempe. Sampel berjumlah 30 responden. Teknik pengambilan sampel dengan cara total sampling. Analisis data dalam penelitian ini secara univariat dan bivariat dengan uji chi square. Hasil penelitian ada hubungan konsumsi cairan (0,004) dan beban kerja (0,007) dengan kejadian dehidrasi pada pekerja pengrajin tempe. Tidak ada hubungan berat badan dengan kejadian dehidrasi pada pekerja pengrajin tempe (p=0,875). Diharapkan pemilik usaha pengrajin tempe untuk dapat selalu menyediakan air minum yang cukup bagi pekerjanya saat pekerja membutuhkan sehingga kejadian dehidrasi dan dampaknya dapat diminimalisir. Dehydration is a lack of body fluids because the amount of fluid that comes out is more than the amount of fluid that is entered. One of the jobs that are at risk of dehydration is in boiling the manufacture of tempeh which uses a hot enough environment so that you sweat a lot and require more fluid intake. The research objective was to determine the factors associated with the incidence of dehydration in tempe craftsmen. This research is a descriptive analytic study with a cross sectional approach. The population in this study were all of the tempe craftsmen. The sample is 30 respondents. The sampling technique was total sampling. Data analysis in this study was univariate and bivariate with the chi square test. The results showed a relationship between fluid consumption (0.004) and workload (0.007) with the incidence of dehydration among workers of tempe craftsmen. There is no correlation between body weight and dehydration in tempe craftsmen workers (p = 0.875). It is expected that the tempe craftsman business owners can always provide sufficient drinking water for their workers when they need them so that the incidence of dehydration and its impact can be minimized.

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