The value of incubation to SMME in the financial services industry : the case of the infinitum initiative
- Authors: Mboniswa, Unathi Sindisiwe
- Date: 2021-04
- Subjects: Gqeberha (South Africa) , Eastern Cape (South Africa) , South Africa
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/53027 , vital:44862
- Description: Small, micro and medium businesses are regarded as the engine for achieving economic growth and reducing unemployment through unlocking the potential of young entrepreneurs. However, 80% of such young entrepreneurs operating SMMEs fail in their first years of existence. To respond to this challenge, Business Incubators (BI’s) have been established to nurture SMMEs to succeed. Numerous BI’s, such as Godisa, have been established in South Africa with many supported by the Department of Trade and Industry. However, there are still many potential entrepreneurs in need of such help. In this regard, Old Mutual initiated a programme similar to Godisa, called the Infinitum Incubation Programme (IIP). The IIP seeks to groom young, willing and educated entrepreneurs from previously disadvantaged backgrounds, with business skills to help them establish sustainable businesses. Their focus is on Financial Advisors and the programme has been running for two years offering all the support needed by young businesses. Against this background, this study endeavoured to assess whether the initiative has had the intended impact on the Incubatees. Using a qualitative and Interpretivism research approach and a sample of six incubatees, this study addressed its objectives. Questionnaires were sent out to all incubators and incubatees involved in the IIP and a response rate 60% was achieved. These responses were analysed through descriptive statistics and thematic analysis. The results show that the IIP has been successful in identifying suitable incubatees and stakeholders. It also found that the IIP has been successful in equipping incubatees with theoretical business management skills. However, in terms of skills transfer, the programme was not successful. Both incubatees and stakeholders rated the programme poorly. Further, both stakeholders and incubatees perceive the programme to be a very good idea and see potential for success; however, they feel that would be achieved only after significant improvement. The study recommends that the programme improve on the following: gender balance, management and coordination of the programme, improved skills transfer, balance between practice, theory, and providing post-programme mentorship. The study ends by describing limitations and areas for further research. , Thesis (MBA) -- Faculty of Business and Economic Science, NMU Business School, 2021
- Full Text: false
- Date Issued: 2021-04
- Authors: Mboniswa, Unathi Sindisiwe
- Date: 2021-04
- Subjects: Gqeberha (South Africa) , Eastern Cape (South Africa) , South Africa
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/53027 , vital:44862
- Description: Small, micro and medium businesses are regarded as the engine for achieving economic growth and reducing unemployment through unlocking the potential of young entrepreneurs. However, 80% of such young entrepreneurs operating SMMEs fail in their first years of existence. To respond to this challenge, Business Incubators (BI’s) have been established to nurture SMMEs to succeed. Numerous BI’s, such as Godisa, have been established in South Africa with many supported by the Department of Trade and Industry. However, there are still many potential entrepreneurs in need of such help. In this regard, Old Mutual initiated a programme similar to Godisa, called the Infinitum Incubation Programme (IIP). The IIP seeks to groom young, willing and educated entrepreneurs from previously disadvantaged backgrounds, with business skills to help them establish sustainable businesses. Their focus is on Financial Advisors and the programme has been running for two years offering all the support needed by young businesses. Against this background, this study endeavoured to assess whether the initiative has had the intended impact on the Incubatees. Using a qualitative and Interpretivism research approach and a sample of six incubatees, this study addressed its objectives. Questionnaires were sent out to all incubators and incubatees involved in the IIP and a response rate 60% was achieved. These responses were analysed through descriptive statistics and thematic analysis. The results show that the IIP has been successful in identifying suitable incubatees and stakeholders. It also found that the IIP has been successful in equipping incubatees with theoretical business management skills. However, in terms of skills transfer, the programme was not successful. Both incubatees and stakeholders rated the programme poorly. Further, both stakeholders and incubatees perceive the programme to be a very good idea and see potential for success; however, they feel that would be achieved only after significant improvement. The study recommends that the programme improve on the following: gender balance, management and coordination of the programme, improved skills transfer, balance between practice, theory, and providing post-programme mentorship. The study ends by describing limitations and areas for further research. , Thesis (MBA) -- Faculty of Business and Economic Science, NMU Business School, 2021
- Full Text: false
- Date Issued: 2021-04
Understanding the impact of the Fourth Industrial Revolution on SMEs in South Africa
- Authors: Ogunniyi, Vuyokazi
- Date: 2021-04
- Subjects: Gqeberha (South Africa) , Eastern Cape (South Africa) , South Africa
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/53039 , vital:44883
- Description: The current research dissertation is on the topic- Understanding the impact of the Fourth Industrial Revolution on SMEs in South Africa. It aims to analyse the strategies of SMEs to make positive results from the Fourth Industrial Revolution in South Africa. The research mainly concentrates on the concepts and techniques of technology implementation, customer relationship and advanced technology in SME Enterprises of South Africa. These techniques are needed to validate the importance of the Fourth Industrial Revolution in the enhancement of SMEs in South Africa. In this entire process of research, the researcher evaluates current condition of SMEs in South Africa and the issues that are faced by these enterprises. The changes that are needed by these enterprises and their impact on organisational structure is also discussed. In addition to this, the researcher has also undertaken secondary research on the existing literature in this current topic and related topics. Therefore, the researcher was able to gain a clear insight into the study area. As SMEs are facing problems related to marketing and marking their position in the global market, useful recommendations are given to eliminate these problems. The researcher found out that SMEs need to improve policies to implement technological innovations to secure a market position for SMEs. In order to carry out the research, the researcher applied interpretivism and a deductive approach. Along with this, the qualitative research/methodology was chosen for carrying out the investigation. Qualitative data and non-probability sampling helped in collecting data. Analysis of this data was done by explaining transcripts of the interviews with the sample of entrepreneurs of South African SMEs. The researcher used a total of ten entrepreneurs from different industries in the country. Most of these entrepreneurs interviewed are from previously disadvantaged backgrounds with university degrees. The researcher made an effort to select candidates from different cities across South Africa. , Thesis (MBA) -- Faculty of Business and Economic Sciences, NMU Business School, 2021
- Full Text: false
- Date Issued: 2021-04
- Authors: Ogunniyi, Vuyokazi
- Date: 2021-04
- Subjects: Gqeberha (South Africa) , Eastern Cape (South Africa) , South Africa
- Language: English
- Type: Master's theses , text
- Identifier: http://hdl.handle.net/10948/53039 , vital:44883
- Description: The current research dissertation is on the topic- Understanding the impact of the Fourth Industrial Revolution on SMEs in South Africa. It aims to analyse the strategies of SMEs to make positive results from the Fourth Industrial Revolution in South Africa. The research mainly concentrates on the concepts and techniques of technology implementation, customer relationship and advanced technology in SME Enterprises of South Africa. These techniques are needed to validate the importance of the Fourth Industrial Revolution in the enhancement of SMEs in South Africa. In this entire process of research, the researcher evaluates current condition of SMEs in South Africa and the issues that are faced by these enterprises. The changes that are needed by these enterprises and their impact on organisational structure is also discussed. In addition to this, the researcher has also undertaken secondary research on the existing literature in this current topic and related topics. Therefore, the researcher was able to gain a clear insight into the study area. As SMEs are facing problems related to marketing and marking their position in the global market, useful recommendations are given to eliminate these problems. The researcher found out that SMEs need to improve policies to implement technological innovations to secure a market position for SMEs. In order to carry out the research, the researcher applied interpretivism and a deductive approach. Along with this, the qualitative research/methodology was chosen for carrying out the investigation. Qualitative data and non-probability sampling helped in collecting data. Analysis of this data was done by explaining transcripts of the interviews with the sample of entrepreneurs of South African SMEs. The researcher used a total of ten entrepreneurs from different industries in the country. Most of these entrepreneurs interviewed are from previously disadvantaged backgrounds with university degrees. The researcher made an effort to select candidates from different cities across South Africa. , Thesis (MBA) -- Faculty of Business and Economic Sciences, NMU Business School, 2021
- Full Text: false
- Date Issued: 2021-04