International Journal of Business Ecosystem & Strategy (2687-2293)
Not a member yet
466 research outputs found
Sort by
MSMEs’ resilience strategies during the Covid-19 Crisis: a case of the tourism sector in South Africa
Get PDFMSMEs are widely regarded as important building blocks for economic prosperity and broader social well-being for both developed and developing nations. However, MSMEs face several challenges that impede their ability to fully provide the much-needed boost to the socio-economic development of countries. Tourism MSMEs are often significantly impacted by crises that include economic downturns, natural disasters, and public health emergencies that destroy infrastructure and affect human movement, notably the outbreak of pandemics and epidemics. The Covid-19 pandemic altered every business operation across the globe. This was mainly because the pandemic was new and no reference case for the Covid-19 crisis existed in living memory. As such the survival of all businesses was at high risk, particularly, the tourism MSMEs in South Africa. The industry’s operations were severely affected by the restrictions imposed by the government of South Africa especially in the year 2020 and 2021. Despite operating their businesses in a crisis, the tourism MSMEs entrepreneurs exhibited resilience as they navigated the pandemic, through being agile, adaptive, and exploring new opportunities of operating and utilising government support. It is in this regard that gaining a deeper understanding of the resilience strategies that were employed by the tourism MSMEs during and strategies being employed during post Covid-19 pandemic crisis is of paramount significance. The study adopted qualitative interpretivist approach through document analysis. Collected data was analysed using the ATLAS.ti.software. The study concludes that even though the Covid-19 had some devastating effects on the MSMEs tourism entrepreneurs, that are still being felt now, it forced the entrepreneurs to adapt and be innovative. It is in this regard that the study concludes that the identified strategies are very vital for the survival of the effects of the Covid-19 pandemic. The study also concludes that the tourism MSMEs entrepreneurs became more resilient to the pandemic as it progressed hence, they implemented the identified strategies revealed by the study findings
The social media marketing strategies employed by SMMEs for survival and growth during the Covid-19 crisis in rural KwaZulu- Natal
Get PDFThe Covid-19 crisis has disrupted businesses of Small, Medium and Micro Enterprises (SMMEs) globally, particularly in rural areas such as KwaZulu-Natal (KZN), South Africa. This study investigated the social media marketing strategies adopted by rural SMMEs to survive and grow during the Covid-19 crisis. Furthermore, it aims to recommend the social media marketing strategies that can be used by SMMEs as a critical tool for their survival and grow during the Covid-19 crisis in rural KZN. The quantitative design was adopted, and data was collected from 374 rural SMMEs in KZN by a closed-ended 5-point Likert scale questionnaire. The collected data was analysed by means of statistical social sciences software 27.0. Data was analyzed using descriptive statistics, factor analysis, and correlation analysis to identify the determinants of social media strategies and its impact on business performance. Key findings include a significant positive relationship between creating awareness of products and services and increased sales, where r = 0.708, p <0.01 and a significant correlation between customers’ needs and complaints and use of social media to retain customers, where r =0.653, p < 0.001. Recommendations suggested that rural SMMEs must gain technical competencies to use social media marketing strategies to gain competitive advantage to sustain their businesses during the Covid-19 crisis
Evaluating criteria for the implementation of energy management strategies
Get PDFStrategic management assists organizations in formulating, implementing, and evaluating decisions to set objectives. Energy management should consider top management commitment, risk management, corporate social responsibility, and knowledge and awareness of energy strategies as criteria for implementation. The research aimed to evaluate the four criteria in terms of energy management strategy implementation. A quantitative, non-experimental research design was followed using a structured questionnaire. The most important criterion identified is top management commitment. The results indicate a strong positive correlation between top management commitment and energy management strategies and the importance of risk management. Corporate Social Responsibility and limited knowledge and awareness showed a lower correlation but also contributed to the implementation of energy management strategies. It showed that a lack of knowledge and awareness influences the implementation; organizations can do internal awareness campaigns and appoint a dedicated energy team that can assist management in educating and communicating energy strategies. Further findings included that energy management strategies are essential to the overall business strategy of organizations and that organizations can increase their public reputation by positively contributing to corporate social responsibility and top management commitment. Management needs to lead from the front and provide training, resources and leadership in energy practices. It is recommended that organizations set energy plans, have a dedicated energy team and increase their internal awareness and communication.
Exploring organizational culture and strategy implementation in the 4IR
Get PDFThis study explored organisational culture and strategy implementation within the framework of the fourth industrial revolution (4IR). Using semi-structured interviews and thematic data analysis, the study explored the primary determinants of organisational culture and how these drivers affect the implementation of strategies in the 4IR. A total of twenty-five bank workers from South Africa participated in the study to collect qualitative data. Version 23 of the Atlas-ti software was utilised to analyse the participant data. Content analysis was employed in the study to analyse the data. The study\u27s findings suggest that a variety of organisational culture challenges have an impact on the banking industry\u27s capacity to put strategies into implementation. This includes elements related to organisational skills, mentality and attitude, collaboration and partnership, innovation and technology investment, as well as aspects of organisational leadership and strategy, structure, learning, incentives, processes, and procedures. The study reveals a wider perspective and significant recommendations to help managers adopt a comprehensive and multidimensional approach when tackling organisational culture difficulties within the framework of implementing strategies in the banking sector. In addition to making significant recommendations, the study\u27s conclusion emphasises how crucial it is for the bank to maintain a similar culture across all of its business units because this will affect employee morale and behaviour when the strategy is being implemented
Financial management skills as enabling factor in project performance of small business in the construction industry in Gauteng Province: theoretical and practical implications
Get PDFThe study significantly enhances the current literature by highlighting the importance of financial management skills in the success of MSMEs, especially in the context of small construction firms functioning under unstable and uncertain economic conditions. It offers insights on how effective financial management can alleviate the negative impacts of economic uncertainty, including variable interest rates and regulatory modifications, which were intensified by the COVID-19 pandemic. This study concentrates on BCO Construction in Johannesburg, examining the distinct financial issues encountered by small construction firms and the potential solutions through improved financial management strategies. The research delineates numerous vital financial management competencies needed for project accomplishment. This encompasses the capacity to manage liquidity efficiently, sustain profitability, and utilize financial instruments such as Net Present Value (NPV) and Earned Value (EV) management. It emphasizes the significance of abilities in managing financial leverage, which can facilitate the attainment of project objectives within budgetary and temporal limitations. The findings indicate that the absence of trained financial personnel, ineffective payment systems, and liquidity issues are substantial obstacles for BCO Construction. Consequently, it is advisable to tackle these difficulties through specialized financial literacy and management training to enhance overall project performance. The study employs a quantitative methodology, including standardized questionnaires administered to eighty (80) participants to gather data regarding the problems and competencies required for financial management in building projects. The analysis conducted with SPSS version 29 indicates that enhancing communication channels, integrating strategic financial planning, and implementing thorough training programs are essential for aligning financial objectives with overarching corporate goals. This alignment is essential for optimizing resource allocation, guaranteeing financial stability, and improving competitiveness in the construction sector.
Bullying of learners living with disabilities: Fears of reporting bullying incidents
Get PDFBullying is the aggression, violence, and threats that are targeted at the victims who are perceived to be weak. Learners living with disabilities are not immune to the phenomenon of bullying. Due to their vulnerability, they are targeted by bullies within the learning environment. Learners living with disabilities are targeted physically, emotionally, and through the use of technology. Learners fear reporting incidents of bullying because of the lack of action and consequences for the perpetrators of bullying. There is a huge increase in bullying incidents at schools against learners living with disabilities because of the inability to report the violence and harassment caused by the perpetrators to the victims of bullying. The learners living with disabilities are being taken advantage of by the perpetrators because of the fear of reporting violent behaviour to the teachers at school. The study applied the qualitative research method to explain the fears and inability to report bullying incidents by learners living with disabilities. Snowball sampling was used to select the study population within different schools, with a sample of about 11 learners considered. An exploratory research design was adopted in this study to explore the challenges experienced by the victims of bullying with regard to the fears of reporting bullying incidents. The study has adopted the interview as an instrument for collecting data. Thematic analysis was used to analyze the information collected from the learners living with disabilities. The study has observed the ethical considerations to ensure respect for the rights of the participants and universal observations for studies that involve human beings
Does corporate board gender diversity influence shareholder value? : A case of the non-financial sector in an emerging economy
Get PDFThis study investigates the influence of board gender diversity on the shareholder value of South African-listed non-financial companies on the JSE from 2013 to 2022. The study used a quantitative quasi-experimental method to examine the influence of board gender diversity on shareholder value creation measures from a multi-theoretical perspective. The board gender diversity measures include the proportion of women directors on the board, the Blau index for board gender diversity, and dummy variables indicating the presence of one, two, three, or more women directors on the board, as well as skewed board, tilted board, and balanced board. Shareholder value creation is proxied using standardised market value added, market-to-book ratio, and Tobin’s Q. The study utilises fixed effects models based on linear and curvilinear models to test the hypotheses. According to linear models, all board gender diversity measures demonstrate a significant positive, negative, or no effect on shareholder value creation measures, aligning with the multi-theoretical perspective of corporate governance research. However, curvilinear quadratic models suggest that the Blau index for board gender diversity and the proportion of women directors on board positively and negatively affect shareholder value creation, highlighting an inverted U-shaped effect. The results recognise the "too much- of- a -good- thing” effect and a possible optimal(or worse) level of board gender diversity as crucial. In conclusion, this study demonstrates that the claim of the ‘‘one size fits all’’ board gender diversity mechanism in creating and maximising shareholder value, often implicitly stated by regulators and advisors, may be misleading
Integrating AI for environmental sustainability in medium to large corporations: a case study of South Africa
Get PDFIn response to escalating global environmental challenges, mainly the urgent issue of climate change delineated by the United Nations Sustainable Development Goals (UN SDGs), large corporations are increasingly pressured to mitigate their carbon emissions and ecological footprint. The integration of artificial intelligence (AI) technologies has emerged as a pivotal strategy in this endeavour, promising to revolutionise how businesses approach sustainability while maintaining economic competitiveness. AI offers capabilities such as optimising operational efficiencies, enhancing energy management systems, and facilitating data-driven decision-making processes—all of which are instrumental in achieving sustainability objectives. However, the effective application of AI in environmental sustainability initiatives faces several challenges. These include addressing data scarcity, ensuring ethical deployment of AI technologies, and complying with evolving regulatory frameworks. This study investigates how large corporations are leveraging AI to reduce their environmental impact through AI-driven strategies for carbon footprint reduction. The study follows a qualitative approach, six medium-large corporates in Gauteng were interviewed to gain insights on the subject matter. The findings highlight that AI adoption enhances operational efficiency and environmental stewardship while highlighting ongoing challenges and the need for robust ethical and regulatory frameworks. Moreover, emerging trends such as AI-driven autonomous vehicles for logistics and advanced climate modelling illustrate AI\u27s transformative potential in reshaping corporate ethos and addressing environmental concerns. The study contributes insights grounded in the Resource-Based View (RBV) theory, offering practical recommendations for corporations to harness AI effectively for sustainable growth within the framework of the UN SDGs and global environmental norms
Navigating the challenges and opportunities for adopting the Fourth Industrial Revolution (4IR) in South African (SA) Municipalities
Get PDFFourth Industrial Revolution (4IR) as the transformation agenda of the world driven by digital technologies has heralded a significant and drastic shift from normal societal ways of doing things to a more advanced well-knit society. In a bid to enhance efficient service delivery and good governance South African municipalities should also join the bandwagon and adopt 4IR technologies in its operations. The study therefore unpacks the challenges and opportunities for adopting 4IR technologies in South African municipalities. The study being qualitative relied on purposively written records to gather data which was then analysed using thematic and content analysis techniques. The study established that South African local authorities are still lagging behind in terms of investing in 4IR technologies and they also face 4IR capacity building challenges. Similarly, SA municipalities should therefore embrace the conspicuous opportunities heralded by 4IR to address the attendant challenges and enhance efficient service delivery in its localities. 
Understanding hybridity governance in Africa: A theoretical framework for hybrid structures, policies, and practices
Get PDFThe amalgamation of traditional and modern governance systems represents a transformative advancement in contemporary African government. This study examines the concept of "hybridity governance" within the African context, providing a comprehensive theoretical framework that integrates modern institutional procedures with traditional governance systems. The paper examines the evolution of African governance from pre-colonial to post-colonial eras, illustrating the emergence of hybrid governance as a response to internal dynamics and external influences. It accomplishes this by utilising historical studies. The philosophical underpinnings are investigated, highlighting organisational and social concepts that elucidate the acceptance of hybrid models. The paper elucidates the applications, accomplishments, and challenges of hybrid government in several African nations through various empirical case studies. A critical examination examines the consequences of these governance paradigms for public administration in Africa. It underscores opportunities for innovation and enhanced flexibility, while also emphasising intrinsic challenges such as job ambiguity and conflict. The report concludes with forecasts regarding the future trajectory of hybrid governance in Africa, considering the interplay of local socio-political dynamics, global interconnectedness, and technological advancements. This article serves as a vital resource for policymakers, researchers, and stakeholders interested in the evolving governance paradigm in Africa, providing valuable applications and recommendations.