AN INVESTIGATION INTO PROBLEMS FACING SMALL-TO-MEDIUM SIZED ENTERPRISES IN ACHIEVING harvest-festival IN THE EASTERN CAPE:
ENHANCING THE STRATEGY FOR DEVELOPING SMALL GROWTH POTENTIAL FIRMS IN THE EASTERN CAPE
A thesis submitted in fulfilment of the requirements for the degree of Master of Commerce (Management)
Department of Management
As the world economy continues to move towards increased integration, some of the superior opportunities for Small-to-Medium Sized Enterprises (SMEs) will derive from their ability to participate in the global marketplace. It is generally certain that SMEs are becoming progressively important in terms of employment, wealth creation, and the development of innovation. However, in that location are considerable doubts about the quality of management in this sector with policy-makers suggesting that there are particular weaknesses in innovation, a lack of financial acumen, marketing, entrepreneurial flair, practical knowledge, and human resource
management. As a result, many cockeyeds do not reach their amply potential and fail to grow.
According to organisational deportment cycle models, the canonic phase is particularly important since it is generally known and accepted that there is a high mortality rate of SMEs at bottom the first two years.
Given this high failure rate, it becomes critical to research the factors/characteristics/management abilities that are required to enable the SME to work and indeed progress to the growth phase of the organizational life cycle.
This research seeks to investigate the internal and external factors that are coherent in the success of SMEs who have reached the growth phase. A world-shaking contribution to the enhancement of the growth potential of a firm will be made through the understanding of these factors.
Firstly, I would like to thank my supervisor, Philip Court, for his support, guidance and encouragement which has made...If you want to bewitch a full essay, order it on our website: Orderessay
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