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Open access

Simon Radipere

Abstract

The relationship between entrepreneurial orientation and business performance using 500 small- and medium-sized enterprises (SMEs) in Gauteng province, South Africa was tested. Questionnaire was used to collect data from 500 SME owners. The findings from the survey among 500 SME owners were modelled through a categorical regression model with business performance as dependent variable. The level of significance of the 8 variables out of 12 variables suggests that entrepreneurial orientation be classified as the strongest predictor of business performance. The ability to adjust one’s business model to adapt to changed economic circumstances is an important thing as it dictates performance in increasingly competitive economic environment.

Open access

Kai Wang, Hui Wang and Yu Tao

Abstract

Collecting ideas through crowdsourcing has become a common practice for companies to benefit from external ideas and innovate. It is desirable that crowd members build on each other's ideas to achieve synergy. This study proposes and verifies a new method for idea combination which can result in combined ideas that are both novel and useful. The domain-specific knowledge of crowd members does not influence the effectiveness of such idea combination. The new method can be used for collecting highly creative ideas from the crowd. The implications for future research are discussed.

Open access

Katarzyna Rostek

Abstract

Competitive advantage is a relative feature, evaluated in respect of other competing enterprises. The gaining of sustainable competitive advantage is conditioned by knowledge of own performance and the results of the competitive environment. SMEs have limited opportunities to obtain such information on their own. The method of mutual benchmarking changes this situation by introducing the collaborative network. The aim of the cooperation is to support each of the group members to achieve sustainable competitive advantage, which is the result of a conscious strategy, and not only a matter of chance. This cooperation is based on the collecting and processing of data and sharing information through a common IT platform: for example, a group of Polish SMEs was shown how to implement such a common IT solution and how to provide the information preparing within the proposed service. The whole is a complete proposal for effective support of creating a competitive strategy in SMEs.

Open access

Maelekanyo Christopher Tshilongamulenzhe

Abstract

As nations around the world grapple with the deepening challenge of skills crunch, policies, strategies and interventions are being devised to develop and retain a competitive workforce. South Africa is not spared from the global talent war, and the persistence of skills shortages across most economic sectors makes the country vulnerable economically and socially. Legislative instruments and strategies were formulated and implemented to ameliorate the situation, but scientific evidence suggests a looming crisis due to poor monitoring and evaluation systems regarding the success of these instruments and strategies. This study develops and validates a monitoring and evaluation (ME) scale for the South African skills development context. A quantitative nonexperimental cross-sectional survey design was used to collect data from 557 participants. Data were analyzed using SPSS and AMOS software (version 23.0). The findings show that the ME scale is scientifically valid and reliable and can be used with confidence in the South African skills development context. The findings provide scope for a validation study on an independent sample, and an evaluation of structural invariance of the ME scale across sample subgroups.

Open access

Pfano Michael Ramudzuli and Paul-Francois Muzindutsi

Abstract

To enhance the portfolio allocation process, individuals need to understand their financial ability and psychological willingness to tolerate risks. To do this, their risk tolerance level must be quantified. This study used a survey questionnaire to collect data from 470 students at selected South African universities, and a binary logistic regression to test the effect of demographic factors on financial risk tolerance versus non-financial risk tolerance. Our findings suggest that the level of risk tolerance cannot be generalized across different risk domains. We also found that demographic factors affect the two domains of risk tolerance differently. Specifically, age did not have a significant influence on financial risk tolerance, while it significantly increased non-financial risk tolerance. Similarly, gender did not have any significant influence on non-financial risk tolerance, while it positively affect-ed financial risk tolerance. Furthermore, students in the fields of the humanities, engineering and IT showed a strong appetite for non-financial risks, but students in the commerce faculty preferred financial risks.

Open access

Wojciech Nasierowski

regions states harness the prosperity of the global economy. Free Press - McMillan, New York 1993. Oslo Manual - OECD proposed guidelines for collecting and interpreting technological innovation data. OECD/EuroStat, Paris (KBN 1999) 1999. Patel P., Pavitt K. - The Nature and Economic Importance of National Innovation Systems [in] STI Review. No. 14, OECD, Paris 1994. Porter M. - Competitive advantage of nations. Free Press, New York 1990. Rodriguez-Pose A. - Is R

Open access

Jiri Dvorak and Ilona Razova

://www.britishairways.com/en-gb/home#/ [Accessed 4 November 2017]. [15] British Airways., 2017b. British Airways, Where we fly. [online] Available at: https://www.britishairways.com/travel/where-we-fly/public/en_gb/map [Accessed 13 November 2017]. [16] British Airways., 2017c. British Airways Plc Annual Report and Accounts Year ended 31 December 2016. [online] Available at: http://www.iairgroup.com/phoenix.zhtml?c=240949andp=irol-reportsannual [Accessed 13 November 2017]. [17] British Airways., 2017d. Collecting Avios, Executive Club, British Airways. [online

Open access

Wojciech Nasierowski and Francisco J. Arcelus

-49. [53] Nasierowski W. - A Conceptual Framework for Formalization of National Innovation Systems [in] Foundations of Management, Warsaw University of Technology, Vol. 1, No. 2, 2009, pp. 159-166. [54] Nasierowski W. - Zarządzanie rozwojem techniki: Perspektywa krajowych systemów . Seria EuroManagement, PolText, 1998 Warszawa. [55] Nelson R. (ed.) - National Innovation Systems. A Comparative Analysis . Oxford University Press, New York/Oxford 1993. [56] OM, Oslo Manual - OECD Proposed Guidelines for Collecting and