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- Volume 8, Issue 4, 2005
South African Journal of Economic and Management Sciences - Volume 8, Issue 4, 2005
Volumes & issues
Volume 8, Issue 4, 2005
An exploratory qualitative study of brand associations as a means for brand extensions : part 2 : managementSource: South African Journal of Economic and Management Sciences 8, pp 377 –392 (2005)More Less
One of the more familiar means to capitalise on the reputation of an established brand, is to use the brand name to introduce new products in a different product category. Various factors impact on the extent to which brand extensions can benefit from or even detract from the original brand. The focus of this study is on brand associations as means to extend the original brand. A qualitative study, in contrast with the quantitative nature of most earlier studies, was used to elicit an unbiased picture of consumers. associations of a brand. The use of a qualitative study also made it possible to follow up on and probe the comments made by respondents. The study examined consumers. reactions to a variety of fictitious extensions for four different popular brands (Coca-Cola, Benetton, Yamaha, and Kellogg's). The key rationale for this study was to observe how consumers. associations of a brand impact on their evaluation of extensions to that brand. Six propositions were investigated. Because of the considerable extent of the findings generated by the qualitative approach, the research is reported in two parts. The findings on three propositions were reported in Kasper, Strepp and Terblanche (2005). The findings on the remaining three propositions are described in this second part of the reported research.
Source: South African Journal of Economic and Management Sciences 8, pp 393 –401 (2005)More Less
The work-life balance (WLB) construct as a business imperative has been of growing concern in organisations outside South Africa for the past two decades, particularly given the pressure to create a sustainable global competitive advantage through human capital. Within the last decade this aspect has been prominent in various forums. However, no studies as yet provide insight into the applicability of WLB models to the South African workplace. The present article therefore explores the composition of a WLB system, and analyses constraints on its application under the conditions of the South African labour market.
Investigating whether a lack of marketing and managerial skills is the main cause of business failure in South Africa : managementSource: South African Journal of Economic and Management Sciences 8, pp 402 –411 (2005)More Less
The literature reveals that 40 per cent of new business ventures fail in their first year, 60 per cent in their second year, and 90 per cent in their first 10 years of existence. The research problem of this study is suggested by this high rate of business failure. This study investigates whether lack of marketing and managerial skills in business owners contributes to the high rate of business failure in South Africa. <BR>It is evident from the results that small business owners lack certain managerial skills, including financial, marketing and human-resource management skills, needed to operate their businesses successfully. The findings confirm that small business owners are in need of support services such as training, counselling, and financial assistance. They also show that small businesses are constrained not only by financial factors but also specifically by non-financial factors such as lack of education, inadequate managerial skills, poor access to markets, lack of information and unreliable infrastructure. The analysis also indicates that the managerial skills possessed by the respondents do not correlate with those that they preferably should have to run a successful business. <BR>The study concludes that a lack of MARKETING AND managerial skills has a negative impact on the success, viability and development of small businesses. The challenge is to improve the managerial skills of small business owners, since the small business sector is widely considered to be the ideal site for the solving of South Africa.s unemployment problems and the rejuvenation of its stagnating economy.
The financing and capital structure of small and medium-scale enterprises : the importance of enterprise characteristics and gender financing constraints : managementAuthor S.O. MigiroSource: South African Journal of Economic and Management Sciences 8, pp 412 –423 (2005)More Less
This paper investigates the determinants of the financing structure of SMEs. The evidence on SMEs' financing structure is based on existing empirical surveys and literature review. The paper provides testable implications developed from economic finance theory. The presentations in the paper utilise data from a previously unexamined source, complementing existing evidence that has been dominated by studies from more developed countries. The results from the empirical survey reveal that there are strong relationships between enterprise size and age, and SME financing structure.
Source: South African Journal of Economic and Management Sciences 8, pp 424 –436 (2005)More Less
The retail industry remains one of the largest sectors in the global economy. In South Africa, retailing is one of the toughest and most competitive industries. The South African retail business environment is becoming increasingly hostile and unforgiving, with intense competition from both domestic and foreign companies (Terblanche, 1998: 1). The findings of this preliminary study do provide basic support for a three-factor structure for supermarket service quality in terms of reliability and validity. The reliability analysis, which followed the factor analysis, reflected coefficient á values ranging from 0.85 to 0.90, indicating high internal consistency among variables within each dimension. In today.s saturated retail markets, retailers face increasing hurdles to attract and maintain customers.
An evaluation of the procedures required to ensure consistent material supply in the Eastern Cape automotive industry : managementSource: South African Journal of Economic and Management Sciences 8, pp 437 –447 (2005)More Less
There is a common perception that logistics practice and supply chain management have not yet reached the required international standards among all the supply chain members in the South African automotive industry. This article is based on a research study that investigated possible reasons for the inconsistent supply of materials in the Eastern Cape automotive industry specifically. Problems identified include the fact that suppliers are not evaluated on a regular basis and do not receive sufficient logistics training, while a commitment and will to the development of local suppliers is lacking. Recommendations made to the South African automotive industry include the improvement of development programmes to assist local suppliers in becoming world-class suppliers, better logistics training, more regular supplier assessments, as well as improved mutual communication among suppliers and motor vehicle assemblers.
Industrial strategy and local economic development : the case of the foundry industry in Ekurhuleni Metro : economicsSource: South African Journal of Economic and Management Sciences 8, pp 448 –464 (2005)More Less
This article explores the challenges for the development of manufacturing through a case study of the foundry industry in Ekurhuleni Metropolitan Municipality. Ekurhuleni Metro covers the largest concentration in South Africa, but the industry.s performance has been poor over the past decade. The findings reported here highlight the need to understand firm decisions around investment, technology and skills, and the role of local economic linkages in this regard. The differing performance of foundries strongly supports the need to develop concrete action plans and effective institutions at local level to support the development of local agglomerations.
The attitude and vulnerability of people as determinants of poverty : the case of Lesotho : economicsSource: South African Journal of Economic and Management Sciences 8, pp 465 –478 (2005)More Less
Lesotho is one of the poorest countries in the world. After reviewing the growth and poverty debate, which suggests that policy reforms and economic growth have largely failed to contribute to the alleviation of poverty in Lesotho, the paper explores the core constraints to poverty reduction. It is argued that the attitudes of the people in Lesotho and the extent to which they are vulnerable to exogenous shocks are important variables towards removing structural and fundamental constraints that impede poverty alleviation. To quantify the values of attitude and vulnerability, an econometric model is constructed that uses an HSRC public perceptions survey in Lesotho. The economic significance of this alternative measure provides a new dynamic on how to approach the issue of poverty alleviation in Lesotho.
Author J. AborSource: South African Journal of Economic and Management Sciences 8, pp 479 –489 (2005)More Less
This paper examines the incidence of bank financing among Ghanaian listed companies and the determinants of listed firms. reliance on bank borrowing. The empirical results from a regression model reveal that bank loans account for one-third of debt financing. This suggests that bank loans are important in financing Ghanaian listed firms. The results also show that asset structure, growth opportunities and interest rates have significantly positive associations with bank debt ratio, while age of the firm, size of the firm, profitability and firm risk are significantly and negatively related to bank debt ratio. The results generally indicate that bank loans represent an important source of financing Ghanaian listed firms.
Widening the digital divide : a study on the possible impact of the convergence bill of 2003 on the South African cybereconomy : economicsSource: South African Journal of Economic and Management Sciences 8, pp 490 –497 (2005)More Less
Business does not exist in a vacuum. The external environment is either conducive to or stifles business growth. Van Rooyen (2004: 399) points out that <I>'E-business has important implications for South Africa as an emerging economy, as it creates the possibility of better access to various financial resources and eventually increased economic activity. This will affect all sectors in the economy and may lead to generally improved business infrastructure for the country as a whole and for individual business, local authorities and government treasury departments. This is especially important for South Africa as a developing country, which, in turn, will make an important contribution to rapid alleviation of private and more rapid reform in the long run'.</I> A major determinant of the external environment in which business operates is legislation and regulation. It therefore follows that any regulation or legislation pertaining to E-business must be conducive to growth. The draft Convergence Bill of 2003 is to be tabled in Parliament during its next session. In this paper it is argued that, in its present form, the proposed Convergence Bill is in fact detrimental to organisational growth, a potential kiss of death for E-enabled organisations.
Author James BlignautSource: South African Journal of Economic and Management Sciences 8 (2005)More Less
Extracted from text ... 498 SAJEMS NS 8 (2005) No 4 VIEWPOINTS, PERSPECTIVES OR LETTERS TO THE EDITOR In line with international trends, the SAJEMS editorial board decided to introduce a section in the journal called: Viewpoints, perspectives or letters to the editor. We solicit submissions to this section that comprise novel concepts, ideas, or even a dialogue with either the editor or an author of an earlier paper either in SAJEMS or elsewhere. Controversial perspectives are even welcome, as long as they are presented in a constructive manner. Submissions to this section are likely to be shorter than a conventional manuscript, varying from ..
Source: South African Journal of Economic and Management Sciences 8, pp 499 –506 (2005)More Less
Inflation targeting anchors inflation expectations, which are not within the sphere of control of the authorities, but can only be influenced over time by consistent policy. As public distrust of inflation figures will feed through to inflation expectations, this paper highlights a comparison of the credibility of two different measures of inflation in terms of an inflation credibility barometer. In a comparison of the barometer results to the analysis of inflation perceptions reported by other central banks, it is concluded that the barometer delivers superior results. The main recommendation is that respondents should be requested in a follow-up study to indicate whether they attach a higher degree of credibility to the overall inflation rate or the rate used for targeting purposes.