- A-Z Publications
- Management Dynamics : Journal of the Southern African Institute for Management Scientists
- Previous Issues
- Volume 15, Issue 1, 2006
Management Dynamics : Journal of the Southern African Institute for Management Scientists - Volume 15, Issue 1, 2006
Volume 15, Issue 1, 2006
Source: Management Dynamics : Journal of the Southern African Institute for Management Scientists 15, pp 2 –13 (2006)More Less
This exploratory study investigated venture managers' creativity, the innovativeness of their ventures, and their implementation orientation. The study is important in view of South Africa's poor global ranking in "Total Entrepreneurship Activity" (TEA), reported by the Global Entrepreneurship Monitor. Creativity is closely related to entrepreneurial activity as an entrepreneurial skill, and therefore the levels of and relationships between creativity, innovation and implementation need to be assessed to create a basis for investigation and to explore possible reasons for the low entrepreneurial activity in South Africa.
The literature on entrepreneurship theory concerning creativity, innovation, implementation and the entrepreneurial process is combined into a conceptual model and precedes the results of a survey among small-venture managers. Firstly, the analysis confirmed the existence of perceptions of own creativity, perceptions of venture innovativeness and implementation orientation of small-venture managers as measurable factors. Secondly, it was found that venture managers do perceive themselves as creative and their ventures as innovative but, contrary to expectations, it was found that implementation orientation was lacking. Thirdly, the absence of expected correlations between creativity, innovation and implementation raised several interesting challenges for creativity development and education in the entrepreneurship domain.
Source: Management Dynamics : Journal of the Southern African Institute for Management Scientists 15, pp 14 –26 (2006)More Less
Enterprises endeavouring to maximise shareholder value often employ Net Present Value (NPV) techniques in an attempt to achieve their financial objectives. Since Economic Value Added in monetary terms (EVAmon), Economic Value Added in real terms (EVAreal), and the measure Cash Flow Return on Investment (CFROI) focus on the maximisation of NPV, their implementation could contribute to the creation of shareholder value. In this study, these measures are critically compared. Firstly, the advantages and the disadvantages of the methods are discussed briefly. Secondly, the assumptions of the model developed to compare the measures, and the calculations to be made in order to arrive at meaningful conclusions are highlighted. The study finds that EVAmon is not always suited for use as a financial performance measure. The measures EVAreal and CFROI provide very similar results in the majority of cases investigated. The study identifies those situations where conflicting results are obtained, and attempts to explain the reasons for these phenomena.
Source: Management Dynamics : Journal of the Southern African Institute for Management Scientists 15, pp 27 –37 (2006)More Less
The primary objective of this study was to investigate the relationship between satisfaction and perceptions regarding gambling experiences and views on entertainment amongst guests at a local casino in the Eastern Cape. The study is an extension of previous research and used a modified questionnaire developed by various authors. The sample (n = 345) was drawn using a convenience sampling technique from respondents visiting the casino during a three-week period. Structural Equation Modelling (SEM) confirmed the existence of significant relationships between various determinants influencing respondents' gambling experience at the casino. These results confirmed the convergent and discriminant validity of a model comprising Gambling Motives, Gambling Values and Beliefs and Gambling Satisfaction. No relationship between Problem Gambling Knowledge and Gambling Satisfaction was, however, observed. These results have important implications for enhancing gambling satisfaction among casino guests.
Source: Management Dynamics : Journal of the Southern African Institute for Management Scientists 15, pp 38 –46 (2006)More Less
The objectives of this study were to assess the psychometric properties of the Utrecht Work Engagement Scale (UWES) for academic staff in South African higher education institutions, and to investigate differences between the work engagement of the different demographic groups. A cross-sectional survey design was used, with stratified random samples (n = 595) taken of academics in six South African higher education institutions. The UWES and a biographical questionnaire were administered. Structural Equation Modelling confirmed a three-factor model of work engagement, consisting of three dimensions, namely Vigour, Dedication and Absorption. The three scales of the UWES showed acceptable internal consistency. Statistically significant differences were found between the work engagement of academics with different job levels and qualification