Research Publications (Management Sciences)
Permanent URI for this collectionhttp://ir-dev.dut.ac.za/handle/10321/217
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Item Sustainable entrepreneurship strategies for SMME development in the fourth industrial revolution within KwaZulu-Natal, South Africa(Private Company Technology Center, 2022) Sheik, Ismail; Kader, AbdullaThe emergence of the fourth industrial revolution (4IR) poses the risk of bringing about a new wave of disparities due to changed employment patterns and a global economic environment that is experiencing rapid transformation. Automation and so-called «thinking machines» are displacing humans in a variety of professions and functions, which in turn is causing businesses to reevaluate the competencies they seek in prospective workers. The main goal of sustainable economic participation in the 4IR is to harness the localized economic potential by promoting innovation to all its growth aspects. This is accomplished via a unified approach to development rather than a «one size fits all» solution. To that aim, small, micro, and medium-sized enterprises (SMMEs) is one of the most crucial pillars that support the economy. As a result, sustainable entrepreneurship in the context of the 4IR was approached in this research as an outcome-based local initiative that that was addressed by key stakeholders. The fundamental purpose of this study was to analyze the factors that led to the successful identification and utilization of local resources, ideas, and skills by entrepreneurs in order to stimulate economic growth and development in the Fourth Industrial Revolution (4IR). The aim of this study was to evaluate the problems faced by company owners and the impact that provincial and national government aid had on their ability to continue operations. In this study, qualitative research technique and an exploratory research methodology were employed. The 12 SMMEs comprising the study's population are located in the eThekwini area of KwaZulu-Natal, South Africa. The participants in the study were not selected by chance, but rather on the basis of a predetermined criterion aimed at senior management. Semi-structured interviews constituted the entirety of the data collection. The data was analyzed via NVivo and thematic analysis. This research has contributed to the subject by presenting a business sustainability strategy for SMMEs, with the aim of enhancing the performance and growth of these firms in an uncertain digital realm.Item Contributing elements and issues to strategic management in the construction industry among small and medium enterprises : a case study in South Africa's eThekwini region(University of Cape Town, 2022) Rambaruth, Amit; Adam, Jamila Khatoon; Krishna, Suresh Babu NaiduSmall and medium-sized enterprises (SMEs) are vital to the economy and have helped it grow, but they still have a high failure rate. Many businesses fail within the first few months of operation due to a lack of strategic planning. This study aimed to identify persuading factors that contribute to strategic management to improve performance and categorise challenges faced by SMEs in implementing a strategic plan in the eThekwini region of South Africa. The study adopted a quantitative research approach, and the population of interest for the research includes small and medium construction companies, which were sourced via the Construction Industry Development Board (cidb) registry. An online survey tool was used to distribute the questionnaire to 145 small and medium businesses. The data were analysed using descriptive and inferential statistical tools and exploratory factor analysis (EFA). The study's findings reveal that most eThekwini-based SMEs in the construction industry use strategic management practices to improve their business performance. The key factors for strategic management in SMEs, such as improving decision-making processes, increasing productivity, and gaining a competitive advantage, demonstrated high levels of agreement among participants regarding improving business performance. This study also found widespread agreement on the challenges of implementing a strategic plan in an organisation. Therefore, small and medium-sized enterprises (SMEs) must develop procedures and policies to deal with the difficulties that arise when drafting a strategic plan. This will ensure that strategic planning works in their operations. This can be accomplished by implementing strategic management into SMEs training programs offered by government and tertiary institutions that support SMEs. The government should also improve education and broaden its business skills curriculum. Keywords: Business, Construction, Performance, Planning, Strategy, South Africa.Item Inclination of higher education students towards medical and healthcare start-ups : an empirical study in the post covid scenario(NeuroQuantology, 2022-06-01) Lourens, Melanie Elizabeth; Newaskar, Prabha Shakya; Satyamurthy, D.V.Satyamurthy.G; Tamijeselwan, S.In an advanced world, extra fees aren't always a supply of worry, particularly if the pleasant of products and offerings received is better. Also, there's not anything uncommon approximately a populace stresses extra of a positive type of provider whilst its earnings capability increases. A better fashionable of dwelling is in truth a number of the elements which have brought about the increase in fitness care expenditure in latest decades. In maximum areas of the economy, the numerous troubles going through the fitness care machine might be alleged as possibilities with the aid of using marketers. However, on the grounds that health facility and scientific offerings believed to be vital are dominated with the aid of using the government – which price range 70% of the nation’s general fitness care costs – marketers are with the aid of using definition omitted from a massive a part of the fitness sector. In spite of governments having installation several running agencies and commissions, and regardless of the funding of huge sums of cash in latest years, our fitness care machine continues to be suffering to meet the people’s hopes. There isn't any uncertainty that marketers can be referred to as upon to soak up the demanding situations posed with the aid of using the getting older of the populace and the developing prices of fitness care on this nation. Sample of 215 students from higher education were considered to know different factors and their impact on Inclination of Higher Education Students Towards Medical and Healthcare Start-Ups. The study concludes that Scope and Opportunities, Skill and Talent, Entrepreneurial Consciousness and Awareness towards healthcare are the factors that determines the Inclination of Higher Education Students Towards Medical and Healthcare Start-Ups.