Journal of Contemporary Management - Volume 8, Issue 1, 2011
Volume 8, Issue 1, 2011
Perceptions regarding the use of strategy execution tools and processes in the contemporary workplaceAuthor E.E. SmithSource: Journal of Contemporary Management 8, pp 473 –497 (2011)More Less
This article investigates the perceptions of management and employees regarding the use of strategy execution tools and processes in organisations within the Nelson Mandela Metropole. To achieve the research objectives, a comprehensive literature study was conducted as to provide a theoretical framework for the empirical study. Self-administered questionnaires were distributed to a non-probability convenient sample of 180 organisations in the designated region. To investigate the relationships between the independent and dependent variables, nine null-hypotheses were tested. Perceptions regarding the use of strategy execution tools and processes (dependent variables) and classification data (independent variables) were tested. The results revealed significant relationships between these variables. It appears that the task of executing a strategy is primarily an operations-driven activity, revolving around the management of people and business processes. The implementation task entails coordination of a range of efforts expected to transform strategic intensions into actions. Strategy implementation is an extremely difficult exercise and management waning to develop world class strategy execution skills must accept a new strategic paradigm. Practical guidelines are provided to strategy executors for using the tools and processes available to ensure successful strategy execution in the contemporary workplace.
Source: Journal of Contemporary Management 8, pp 498 –516 (2011)More Less
Increasingly researchers attest to the reality of a globally interconnected world, where change has become endemic. Thomas and Brown (2011:17) present a worldview of learning in the 21st century, suggesting learning is "around us, everywhere" and term the phenomenon to be the "new culture of learning". The discourse in this paper is centred on drawing a comparative analysis of traditional and contemporary management perspectives, as they relate to engendering a culture of learning within institutions in order to deal with the challenges presented by a 21st century of unprecedented contextual complexity. The methodology adopted in compiling this paper is analytically-descriptive in nature and is based on a multi-disciplinary literature study. The literature analysis revealed a fundamental difference between an "ordered" and "complex" system approached in engendering a culture of learning. An important finding stemming from the literature study is that traditional ordered paradigms relating to engendering a culture of learning in contemporary institutions may no longer be effective and the adoption of a complex systems approach is suggested.
Source: Journal of Contemporary Management 8, pp 517 –539 (2011)More Less
An impulse purchase often occurs without consideration of the potential consequences, which may include non-usage of a product. When consumers establish that they have an inner contradiction between their values or opinions and their behaviour, unease or apprehension may lead to cognitive dissonance (after-purchase doubt or post-purchase reservations). Consumers often use shopping experiences and resulting impulse buying behaviour to satisfy a number of needs that do not fit into theories of economic utility. The primary purpose of this study is to identify the motivations behind the behaviour leading to impulsive buying of apparel merchandise among university students. A structured questionnaire containing 25 variables relating to impulsive buying behaviour was administered to three hundred and eighty-five students. Factor analysis produced four factors, namely, fashion involvement, hedonic motivation, emotional gratification and affect that influence impulsive buying behaviour with regard to buying apparel merchandise. Results show that male and female students differ with regard to the hedonic motivation and emotional gratification dimensions of impulsive buying tendencies. This study may assist marketers and retailers to understand impulsive buying behaviour in order to formulate appropriate marketing communication strategies and allocate marketing budgets.
Source: Journal of Contemporary Management 8, pp 540 –566 (2011)More Less
The objective of this study was to validate an instrument to measure the organisational-based factors affecting corporate entrepreneurship. Structured questionnaires were administered to managers and 561 fully completed questionnaires were gathered at 20 large organisations. Construct validity of the measuring instrument was assessed by means of a principal component exploratory factor analysis and by calculating Cronbach alpha coefficients. In this study six factors describing the theoretical dimensions of appropriate rewards and reinforcement, fostering innovative behaviour, customer orientation, new idea generation, existence of a clear vision and availability and accessibility of resources were extracted. Based on the empirical results it is proposed that the organisational-based factors affecting corporate entrepreneurship can be measured with a 34-item instrument measuring five underlying dimensions. This conclusion is based on evidence of validity and reliability.
Source: Journal of Contemporary Management 8, pp 567 –590 (2011)More Less
Independent financial advisers play a vital role in assisting clients to meet their financial goals. However, it appears that additional guidance is needed for these advisers to survive in their complex business environment, governed by strict legislation. To date, only a small amount of research has been conducted in this area and no formal research study in South Africa has provided a course of direction for these advisers. Consequently, this study aimed to expand the body of knowledge by investigating the potential problems posing a threat to the businesses of independent financial advisers in their business life cycle, as well as possible strategies that can be implemented to counter those obstacles. Based on the findings a theoretical framework was proposed, suggesting key areas independent financial advisers would need to focus on in their business life cycle to conquer the challenges they might encounter and survive. The study concluded with a number of hypotheses to set the direction for future empirical research regarding the survival and growth of independent financial advisers in South Africa.
Reflections on pro-poor tourism in South Africa : challenges of poverty and policy in the search for a way forwardAuthor F. De BeerSource: Journal of Contemporary Management 8, pp 591 –606 (2011)More Less
This article argues that the promotion of entrepreneurship is important to achieve success with pro-poor tourism in South Africa. To promote entrepreneurship, a good understanding of the milieu in which poor communities find themselves is needed. Pro-poor tourism is discussed as an approach to development for the developing world, and South Africa in particular. The sustainable livelihood approach is indicated as a framework that provides an understanding of survival strategies in poor communities and can help to put pro-poor tourism in a better position and guide it towards successful implementation. While a useful legal framework exists, some improvements to policies and an integrated approach to implementation and management, is suggested. In some instances initiatives and support for economic development related to local economic development and pro-poor tourism are evident. The article concludes by noting that assets are available, beneficial policies are in place and some successful case studies illustrate what can be done. Strong leadership is, however, needed to make a success of pro-poor tourism and to bring all relevant elements in line and implement a coordinated and focussed effort to make the plan work.