Faculty of Commerce, Law and Management (ETDs)

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    Identifying obstacles to the growth of new SMEs: A Factor Analysis Approach
    (Identifying obstacles to the growth of new SMEs: A Factor Analysis Approach, 2019) Mphahlele, Dorothy B.; Merino, Andres
    It is widely acknowledged that Small and Medium-Sized Enterprises (SMEs) are key drivers of economic growth and job creation in developing countries. It has also been established that new SMEs face common problems that arise as they grow and develop. These challenges stem from internal as well as external factors that can have an adverse impact on their survival and growth. The objective of this study was to identify the internal and external obstacles to the growth of SMEs. A questionnaire was used to collect data on factors affecting the growth of SMEs. The results of the questionnaire were analysed using Factor Analysis. Eight different factors were identified. These factors were further analysed to determine their impact on SMEs. The ranking of the factors in order of importance was as follows: lack of access to finance, overregulation, the economic environment, high competition, lack of internal resources, high input costs, lack of experience of the entrepreneur and poor service delivery. The report examines possible ways of mitigating the adverse factors identified and makes a series of recommendations to increase the likelihood of the survival of SMEs in the South African context.
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    The role of culture and environmental factors on entrepreneurship in Johannesburg, South Africa
    (2021) Lakha, Mitesh
    This paper investigated the entrepreneurial intentions of high school learners in Johannesburg, South Africa. The study was based on the entrepreneurial event model and the theory of planned behaviour. The objective of the study was to test whether these models could help explain the entrepreneurial intentions of high school learners in a South African context and whether the results would differ from the traditional Eurocentric studies given the country’s cultural and environmental nuances. The study took further to understand the perceptions of the regulatory environment and whether this impacted the relationship between entrepreneurial intention and its antecedents, perceived desirability and perceived feasibility. The study was conducted by means of a survey using a structured questionnaire. Descriptive statistics and multiple regression was used to analyse the data. The results indicated that the entrepreneurial intention of the students could be predicated by their attitude towards becoming an entrepreneur as well as their perceived desirability of entering entrepreneurship. The questionnaire was found to be a valid instrument in measuring entrepreneurial intention of high school learners in Johannesburg, South Africa. Recommendations for legislature, educators and researchers have been highlighted