scholarly journals Management Accounting Practices (MAPs) Impact on Small and Medium Enterprise Business Performance within the Gauteng Province of South Africa

2018 ◽  
Vol 2018 ◽  
pp. 1-8
Author(s):  
Mahdi Hasan Ahmed AlKhajeh ◽  
Azam Abdelhakeem Khalid
Keyword(s):  
South Africa ◽  
Business Performance ◽  
Management Accounting ◽  
Gauteng Province ◽  
Small And Medium Enterprise ◽  
Medium Enterprise

scholarly journals The effects of entrepreneurial intention on business performance

2014 ◽  
Vol 3 (4) ◽  
pp. 210-222 ◽  
Author(s):  
Simon Radipere ◽  
Watson Ladzani
Keyword(s):  
South Africa ◽  
Regression Model ◽  
Business Performance ◽  
Positive Impact ◽  
Entrepreneurial Intention ◽  
Business Environment ◽  
Gauteng Province ◽  
Level Of Significance ◽  
Medium Enterprises ◽  
The Relationship

The study examined the relationship between entrepreneurial intention and business performance using 500 small, micro and medium enterprises (SMMEs) in Gauteng province, South Africa. A questionnaire was used to collect data. The findings from the survey were modelled through a categorical regression model with business performance as a dependent variable. The level of significance of eight out of twelve variables suggests that entrepreneurial intention be classified as the strongest predictor of business performance. These findings, depicting the magnitude of the business environment in the study area, clearly confirm the positive impact of entrepreneurial intention on business performance.

scholarly journals Entrepreneurial Orientation: A Case Of Gauteng Province, South Africa

2015 ◽  
Vol 7 (1) ◽  
pp. 169-184
Author(s):  
Simon Radipere
Keyword(s):  
South Africa ◽  
Regression Model ◽  
Business Model ◽  
Entrepreneurial Orientation ◽  
Business Performance ◽  
Economic Environment ◽  
Gauteng Province ◽  
Important Thing ◽  
Level Of Significance ◽  
The Relationship

Abstract The relationship between entrepreneurial orientation and business performance using 500 small- and medium-sized enterprises (SMEs) in Gauteng province, South Africa was tested. Questionnaire was used to collect data from 500 SME owners. The findings from the survey among 500 SME owners were modelled through a categorical regression model with business performance as dependent variable. The level of significance of the 8 variables out of 12 variables suggests that entrepreneurial orientation be classified as the strongest predictor of business performance. The ability to adjust one’s business model to adapt to changed economic circumstances is an important thing as it dictates performance in increasingly competitive economic environment.

scholarly journals Small and medium enterprise business solutions using data visualization

2020 ◽  
Vol 9 (6) ◽  
pp. 2562-2568
Author(s):  
Norhaslinda Kamaruddin ◽  
Raja Durratun Safiyah ◽  
Abdul Wahab
Keyword(s):  
Data Visualization ◽  
Business Performance ◽  
Positive Impact ◽  
Individual Performance ◽  
Time Data ◽  
Small And Medium Enterprise ◽  
Medium Enterprise ◽  
Data Heterogeneity ◽  
Using Data ◽  
The Individual

The small and medium enterprise (SME) companies optimize performance using different automated systems to highlight the operations concerns. However, lack of efficient visualization in reporting results in slow feedbacks, difficulties in extracting root cause, and minimal corrective actions. To complicate matters, the data heterogeneity has intensely increased, and it is produced in a fast manner making it unmanageable if the traditional methods of analytics are applied. Hence, we propose the use of a dashboard that can summarize the operational events using real-time data based on the data visualization approach. This proposed solution summarizes the raw data, which allows the user to make informed decisions that can give a positive impact on business performance. An interactive intelligent dashboard for SME (iid-SME) is developed to tackle issues such as measurement of cases completed, the duration of time needed to solve a case, the individual performance of handling cases and other tasks as a proof of concept. From the result, the implementation of the iid-SME approach simplifies the conveyance of the message and helps the SME personnel to make decisions. With the positive feedback obtained, it is envisaged that such a solution can be further employed for SME improvement for better profit and decision making. 

scholarly journals How Do Intellectual Capital and Islamic Work Ethics Affect SME Business Performance?

2020 ◽  
Vol 15 (1) ◽  
pp. 77-88
Author(s):  
Sakinah Mat Zin ◽  
Engku Huda Mursyidah Engku Hassan Ashari
Keyword(s):  
Qualitative Study ◽  
Competitive Advantage ◽  
Intellectual Capital ◽  
Business Performance ◽  
Key Informants ◽  
Work Ethics ◽  
Small And Medium Enterprise ◽  
Interview Session ◽  
Medium Enterprise ◽  
The Right

This paper explores the effect of intellectual capital (IC) and Islamic Work Ethics (IWE) on Small and Medium Enterprise (SME) business performance. Based on a qualitative study, the results provide support to SME entrepreneurs to understand the effects of IC and IWE on business performance and facilitate them in making the right decision. The qualitative results were obtained from documents analysis and interview sessions. For the interview session, three entrepreneurs (regarded as the key informants) provided a deeper understanding on how IC and IWE had managed to influence SME Business Performance. SME entrepreneurs must realise on the need to maintain a competitive advantage and enhance the opportunity to create profitability through extracting value from IC and IWE. The originality of the paper regards the way it addresses simultaneously IC and IWE, such related concepts. Moreover, findings of this study suggest that SME entrepreneurs should extend practices of Islamic work ethics to employees, customers, vendors, partners and the communities by building a positive environment founded on trust and commitment.

scholarly journals The Influence of Supplier Involvement on Communication, Relationship Longevity and Business Performance in Small, Medium and Micro Enterprises in South Africa

2015 ◽  
Vol 7 (3(J)) ◽  
pp. 63-75
Author(s):  
Richard Chinomona
Keyword(s):  
South Africa ◽  
Business Performance ◽  
Future Research ◽  
Gauteng Province ◽  
Mediating Role ◽  
Supplier Involvement ◽  
Scant Attention ◽  
Managerial Implications ◽  
Communication Relationship ◽  
Medium Enterprises

Most firms are increasingly realizing the benefits of involving the outside suppliers by considering their manufacturing processes and technological capabilities, especially regarding quality, time to market, configuration, control and cost. Nevertheless, in the context of small to medium enterprises (SMEs), scant attention has been given to the empirical investigation into the influence of supplier involvement on business performance. The purpose of this study was to examine the influence of supplier involvement on business performance and the mediating role of communication and relationship longevity among SMEs in South Africa. Five hypotheses were posited and sample data of 302 were collected from Gauteng Province of South Africa, to empirically test these hypotheses. The results of this study showed that, supplier involvement has influence on communication, relationship longevity and business performance in SMEs context in South Africa. The managerial implications of the findings are discussed and limitations and future research directions are indicated.

scholarly journals Factors influencing the adoption of management accounting practices (MAPs) by small and medium enterprises (SMEs) in the manufacturing sector in Durban

2020 ◽  
Author(s):  
◽  
Mbali Portia Msomi
Keyword(s):  
South Africa ◽  
Business Performance ◽  
Small And Medium Enterprises ◽  
Manufacturing Sector ◽  
Management Accounting ◽  
External Factors ◽  
Critical Factors ◽  
Factors Influencing ◽  
Start Up ◽  
Medium Enterprises

Most countries recognise small and medium enterprises (SMEs) as a key element in strengthening the economy and in reducing the high unemployment rate that is currently prevailing globally and especially in South Africa. Although these enterprises contribute significantly towards the economy, they often fail to survive beyond their start-up phase due to a number of challenges affecting their business life-cycle. These challenges stem from both internal and external factors and, if not curbed during the initial phase of the enterprise, they may cause the business to fail prematurely. Common causes of failure include, but are not limited to, difficulties encountered in gaining access to start-up capital; a lack of entrepreneurship or business management skills; a lack of appropriate business education along with a lack of any culture of innovation or of networking skills amongst their owner/managers. Finally, there is frequently a failure to adopt management accounting practices (MAPs). It is with this last issue that this research is concerned. MAPs are techniques used to provide management with financial and non-financial information to facilitate the planning, controlling and decision making process of an organisation. These techniques are recognised to improve business performance and sustainability substantially, and the application of these techniques is often seen as determining the success or failure of an enterprise. However, there has been some concern around the adoption of MAPs amongst manufacturing SMEs, especially in the South African context. Hence, the aim of this study was to explore the critical factors influencing the adoption of MAPs by SMEs in the manufacturing sector in South Africa using a case study of businesses located in and around Durban. The aim was also to provide informative guidelines to promote the facilitation of MAP practices. A quantitative research approach was adopted involving non-probability, purposive sampling to ensure that the relevant participants were chosen. A sample consisting of 202 participants was considered appropriate for a population with over 1050 manufacturing SMEs registered in Durban (Department of Trade and Industry report 2016/17). A questionnaire was used to collect data from the participants in the study. A pilot test was conducted to ensure that the research instrument was adequately prepared. The data collected were analysed using the Statistical Package for the Social Sciences (SPSS) version 26.0, and the results were presented using graphs, tables and charts. The results of the study showed that both traditional and contemporary MAPs are regarded as relevant in this changing business environment. Manufacturing SMEs still see the significance of using traditional MAPs, although with the new industrial revolution taking over globally, more sophisticated new MAPs have been implemented by several manufacturing SMEs, and this has proved more effective in their gaining a competitive edge and demonstrating innovation and thus in achieving market success. The findings of this study are therefore in a position to contribute towards promoting the adoption of appropriate up-to-date MAPs that are more technically advanced to meet current management needs. The findings also revealed that the key internal factors identified by the respondents in this adoption process were: the owner’s business experience and skills, the firm’s structure, its size, and changes in the firm’s size. Amongst the external factors, the results of the study showed that competition, technology, market innovation, market success, and networking with other businesses, were regarded as the predominant factors influencing the adoption of MAPs by manufacturing SMEs in the Durban area. Although the study was able to identify these critical factors influencing the adoption of MAPs, the results were limited to those views expressed by the responding stakeholders from manufacturing SMEs located in the Durban area, and therefore can only be generalised with caution. The study recommends that both traditional and contemporary MAPs should be adopted upon the inception of a business, and that the relevant stakeholders should invest in educating themselves so that they can have a better understanding of the available MAPs, and their adoption and implementation within their business processes. The study further recommends that manufacturing SMEs identify and adopt the most appropriate MAPs to promote cost effective measures, optimise business performance and ensure sustainable growth. The effective adoption of MAPs would also be aided if stakeholders were to make more use of government supporting agencies allowing them to benefit from further financial assistance, mentorship and training of staff.

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