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Faculty of Management Sciences

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Subject: search.filters.subject.Risks

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    Vulnerability of supply chains to risks : an agenda to capacitate the state in South Africa
    (2023-09) Nkwanyana, Nontuthuko S'lindile; Agbenyegah, Albert Tchey
    There are growing concerns due to the complexities of supply chains. Supply chains are increasingly exposed to risks, whereas they ought to serve as vehicles for organizations’ success by placing organizations under a competitive advantage in the marketplace. It is against this background that this study aims to explore the risks within the supply chain system and procurement, to assess its implications on public sector service offerings, and to devise remedial actions to curb and/or overcome the risks. A qualitative and quantitative research approach was employed to address the problems that led to the research and to seek for answers to the research questions. In total, the population comprised 59 persons across the 9 Provinces of South Africa. Thirty were junior staff, 11 were supervisors and 18 held middle management positions in various provinces of the Department of Justice and Constitutional Development. A simple random sampling technique was applied and subsequently 23 persons were sampled to be part of interview process. Qualitative data was analysed through the application of thematic tools, whereas quantitative data were analysed using Statistical Package for the Social Science (SPSS) 32 and measures of central tendency. Thematic analysis revealed the following: (a) fraud and corruption; (b) policy and process dilemmas; (c) supplier’s database and supplier selection disorder; (d) human capita disorder; and (e) budget lack and/or mismanagement, were the five top prevalent risks in the procurement activity of supply chains. However: (a) human resource capita; (b) budget lack and/or mismanagement; (c) collusion; (d) fraud and corruption; and (e) management overrule (in order of high to low), were rated as the top five risks in bringing negative effects on service offerings whenever they happen. In addition, the study sought to provide evidence for the validity of the hypothesis and find solutions to reduce vulnerabilities of supply chains to risks. These questions were thereafter responded to by the development of a framework to assist public sector supply chains to reduce their vulnerability to risks. This framework recommends a three-stage approach to reducing supply chains’ vulnerability to risks. For level one, being the most critical, immediate actions are to be taken, such as workforce optimization, system and process redesign. For level two, resilience mechanisms include central supplier database purification, consequence application and better planning, and financial incentives. Level three resilience mechanisms recommended by the study include professionalization of the supply chain, segregation of duties, and regulation of prices
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    Risks and factors contributing towards rural entrepreneurial orientation growth of business in an emerging economy
    (Virtus Interpress, 2016) Lekhanya, Lawrence Mpele; Visser, Kobus
    This paper examines risks and critical factors contributing to the rural entrepreneurial orientation growth of businesses. The concept of entrepreneurial orientation and various factors influencing the rural entrepreneurial orientation growth are still not well known. The study aimed to assess risks and critical factors affecting rural entrepreneurial orientation growth of businesses. Questionnaire was developed and used to collect primary data from 127 rural entrepreneurs. The sample was made with small and medium entrepreneurs operating in rural places. They were selected using quota sampling, with respondents completing a questionnaire with the assistance of an interviewer. The study used quantitative technique for data collection. SPSS (23.0) version was used for data analysis and scientific statistical significance level found to be (.000*) at the Cronbach’s alpha (.791*) reliability. Results of the survey reveal that majority indicates competition as a big challenge for them. Findings further indicate that competitor is due to the small market and lack of products differentiation. This study introduces an additional literature in the field of entrepreneurship with specific reference to rural entrepreneurship. The paper will benefit rural entrepreneurs, entrepreneurial marketing managers, potential young entrepreneurs, business consultants, policymakers, financial institutions, government agencies and all affiliated stakeholders by introducing a new understanding of risks and various critical factors causative into rural entrepreneurial orientation growth of business in an emerging economy. Most work on the entrepreneurship development has concentrated in the urban areas with little emphasis on the rural places. The findings of this study limited by study’s exploratory, small sample and quantitative nature. Therefore, generalisation of results should be done with care and further research is encouraged and should aim at the development of technical skills that will empower and encourage entrepreneurial orientation growth culture among rural and young entrepreneurship in the developing and emerging economies countries.