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Faculty of Management Sciences

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    Importance of governance in Indian entrepreneurship : some perspectives
    (2022-11-25) Ravinder, Rena; Dhasmana, Namrata
    The main purpose of this paper was to analyse the Entrepreneurship is one of the major determinants to boost the global economy. Where Pandemic has given the growth trajectory of the economy of BRICs nations a huge jolt and volatility. The paper delves that the future global economic growth will primarily be dependent on the BRICS. The reason being is out of the 7.9 billion total world population 3.23 billion BRICS countries have a combined population of 3.23 billion. It is expected that investment spending in Developing Economies would decline from 20.7% of GDP in 2017 to 18.8% in 2030. Method: The study is based on the review of literature. The data was collected from the Journal articles, Books, Newspapers, BRICS government reports. This paper is based on the thematic analysis. Findings: these countries have the potential of developmental opportunities as majorly the task force of the global economy is contributed by BRICS. The cheap labour, market value, and population. Yet, to fasten the global economic recovery, entrepreneurship in the BRICS will fasten the rate of growth of the global economy. With the boom in entrepreneurship, the imperative aspect will be to keep compliance and governance in check. There are various case studies reflecting the failure of many companies and entrepreneurs due to a lack of awareness. The governance in entrepreneurship will not only boost the economic trajectory but will also be aligned to the sentiments of public interest and keep all the stakeholder’s interests in place. Right from the beginning of entrepreneurship and corporate governance and the board of directors share the same business goals. Hence a framework based on OECD principles to avoid any conflict among the stakeholders will be an economic right. An attempt is made in this paper to bring the importance of Governance for sustainable growth of BRICS countries. The paper also highlights the economic trajectory among the BRICS nations and provides some possible solutions for the entrepreneurs. Implications: The paper has emphasized the importance of Governance after the Pandemic and possible reformations at the policy level in BRICS. The governance encourages creating some benchmarks after following a framework for the entrepreneurs. The element of governance gives a sustainable long-term wealth generation for the entrepreneurs. Being in diversified industries like mining, BFSI, ITES, the authors has also attempted to give perspectives on the scaling and sustenance of Entrepreneurship once it is governed. Originality: The recovery from the economic Post Pandemic must be regulated and governed closely for long-term sustenance and longlasting impact on the BRICS economy and subsequently on the global economy. By the following governance, the long-term income generators not only create and generate wealth for today but a robust ecosystem in developing economies that enables to provide quality education to quality old age to citizens of nations.
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    Access to finance problems for small retail businesses in South Africa : comparative views from finance seekers (retailers) and finance providers (banks)
    (LLC CPC Business Perspectives, 2017-06-23) Holger, J. Schmidt; Mason, Roger B.; Bruwer, Juan-Pierré; Aspeling, Jonathan
    Small retail businesses are essential for the growth of the South African economy. Though many of these business entities need more assets to seize business opportunities, previous research studies suggest that their overall access to finance through banks and other finance providers seems to be limited. In general, small retail businesses are usually managed by entrepreneurs who lack financial knowledge, but banks, when deciding on credit applications, rely heavily on financial information, which is provided by these entrepreneurs. Notwithstanding the aforementioned, this study aimed to explore barriers that limit access to finance for South African small retailers, from the perspectives of finance providers (banking institutions) and finance seekers (small retailers). Additionally, measures were highlighted to show how those hurdles could be overcome. Qualitative research was conducted, whereby data were collected via semi-structured interviews with management personnel at banks and other financial institutions, as well as independent experts and small retail business owners and managers. The findings show that many financing opportunities are available to small retail businesses, but access to these opportunities is limited mainly owing to, inter alia, strict bank regulations and factors that are inherent to small retail business owners.