Assessing skills gap among SMMEs as a barrier of business performance in Gauteng, South Africa
Date
2024
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
University of the Witwatersrand, Johannesburg
Abstract
This research investigates the skills gap among Small, Medium, and Micro Enterprises (SMMEs) in Gauteng, South Africa, and how they implicate business performance. Through a comprehensive analysis spanning literature review, data collection, and analysis, the study uncovers the challenges uncounted by SMMEs and offers recommendations on how to addressing them. The research reveals significant correlations between factors such as entrepreneurial education, training, and experience, highlighting their importance in shaping business outcomes. However, it also became apparent that while these factors contribute to individual capacity building, they do not necessarily translate into strategic business competencies, underscoring the need for a more nuanced approach to skills development.
Moreover, the study identified challenges faced by SMMEs, including limited access to financial resources, market information, and support services. These obstacles pose significant barriers to growth and competitiveness, emphasizing the importance of targeted interventions to address structural constraints within the entrepreneurial ecosystem. Several recommendations are proposed in response to some of the challenges identified. SMMEs are encouraged to prioritize
continuous learning and development initiatives to enhance both operational and strategic competencies. Collaboration between entrepreneurs, industry associations, government agencies, and educational institutions is essential to facilitate knowledge-sharing and resource mobilization
Description
A research proposal submitted in partial fulfillment of the requirements for the degree of Master of Business Administration to the Faculty of Commerce, Law and Management, Wits Business School , University of the Witwatersrand, Johannesburg 2024
Keywords
Small, Medium, and Micro Enterprises (SMMEs), business performance, UCTD
Citation
Maduna, Zethu. (2024). Assessing skills gap among SMMEs as a barrier of business performance in Gauteng, South Africa [Master’s dissertation, University of the Witwatersrand, Johannesburg].WireDpace.