n South African Journal of Economic and Management Sciences - Factors responsible for the growth of small businesses : management
|Article Title||Factors responsible for the growth of small businesses : management|
|© Publisher:||University of Pretoria|
|Journal||South African Journal of Economic and Management Sciences|
|Author||J.A. Dockel and A.A. Ligthelm|
|Publication Date||Mar 2005|
|Pages||54 - 62|
|Keyword(s)||C21, M13 and M14|
ISI Social Science
Entrepreneurial conduct holds the key to economic growth. Thus those businesses that show growth and development are considered entrepreneurial, implying that SMME policy initiatives should focus on businesses with growth potential, and not the small business sector as a whole. The success of a small business seems to depend on the intentions of the owner, together with factors associated with the ability of, and opportunity for, the specific business to grow. The aim of this article is to make use of a multiple linear regression model to determine the variables that impact positively on business growth. In addition to demand factors, it was established that smaller and younger businesses are the ones that grow faster. A successful business also shows a positive correlation between business management skills and entrepreneurial conduct.
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