AN INVESTIGATION INTO PROBLEMS FACING SMALL-TO-MEDIUM SIZED ENTERPRISES IN ACHIEVING harvest-festival IN THE easterly 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 ( prudence) RHODES UNIVERSITY Department of Management SHAFEEK SHA ABSTRACT As the world economy continues to move towards change magnitude integration, some of the superior opportunities for Small-to-Medium Sized Enterprises (SMEs) forget derive from their magnate to participate in the global marketplace. It is generally certain that SMEs ar becoming progressively important in terms of employment, riches creation, and the development of innovation. However, in that location are considerable doubts close the quality of management in this sector with policy-makers suggesting that there are particular weaknesses in innovation, a lack of financial acumen, mar keting, entrepreneurial flair, practical knowledge, and human resource management. As a result, more cockeyeds do not reach their amply potential and flunk to grow. According to organisational deportment cycle models, the canonic phase is peculiarly important since it is generally known and accepted that there is a high mortality rate of SMEs at bottom the introductory two years.
Given this high failure rate, it becomes critical to seek the factors/characteristics/management abilities that are required to enable the SME to work and so progress to the growth phase of the organizational life cycle. This question seeks to investigate the internal and external fa! ctors that are coherent in the success of SMEs who have reached the growth phase. A world-shaking division to the enhancement of the growth potential of a firm will be made through the understanding of these factors. ii AKNOWLEDGMENTS Firstly, I would like to thank my supervisor, Philip Court, for his support, guidance and encouragement which has made...If you want to hypnotize a full essay, order it on our website: BestEssayCheap.com
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