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Public policy and barriers influencing SMEs' market expansion

Mini Dissertation (MBA)--University of Pretoria, 2017.

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Other Authors: Kele, Tumo
Format: Thesis
Language:English
Published: University of Pretoria 2017
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access_status_str Open Access
author2 Kele, Tumo
author_browse Kele, Tumo
author_facet Kele, Tumo
collection Thesis
dc_rights_str_mv © 2017 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria.
description Mini Dissertation (MBA)--University of Pretoria, 2017.
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institution University of Pretoria (South Africa)
language English
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license_str Other — see source repository
provenance_str_mv Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository
publishDate 2017
publishDateRange 2017
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publisher University of Pretoria
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spelling oai:repository.up.ac.za:2263/59775 Public policy and barriers influencing SMEs' market expansion Kele, Tumo ichelp@gibs.co.za Sibiya, Veli UCTD Mini Dissertation (MBA)--University of Pretoria, 2017. This study sought to determine the influence of four critical barriers (access to procurement contracts, access to funding, regulatory frameworks, and access to market information) on the market expansion of small and medium enterprises (SMEs) in a setting that includes both private and public institutions instead of only public institutions. To that end, the resource-based view of a firm (RBV) theory and institutional theory were adopted as main theories for the study on the premise that SMEs have limited internal resources, and the influence of resources on SMEs' performance is dependent on the institutional environment. A survey research method consisting of structured questions and statements administered through a web-based questionnaire was used for collecting data. To ensure quality results, the data collected from 178 managers of formal manufacturing SMEs was reduced to 79 through a rigorous data cleaning process. The multiple linear regression test results suggest that South African SMEs are still experiencing challenges regarding access to markets or procurement contracts, access to funding, access to market information, and an unfavourable regulatory environment. Given these facts, government must design and implement a public policy to facilitate the creation of business networks in a value chain between SMEs and large private firms with the aim of ensuring that SMEs have access to sufficient private funding, all necessary market information, and private procurement contracts. Furthermore, government together with relevant stakeholders must create a favourable regulatory environment through policies and regulations, through which large private firms would be encouraged to develop SMEs through supply chain or procurement development initiatives. zk2017 Gordon Institute of Business Science (GIBS) MBA Unrestricted 2017-04-07T13:05:34Z 2017-04-07T13:05:34Z 2017-03-30 2017 Mini Dissertation Sibiya, V 2017, Public policy and barriers influencing SMEs' market expansion, MBA Mini Dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/59775> http://hdl.handle.net/2263/59775 en © 2017 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. application/pdf University of Pretoria
spellingShingle UCTD
Public policy and barriers influencing SMEs' market expansion
title Public policy and barriers influencing SMEs' market expansion
title_full Public policy and barriers influencing SMEs' market expansion
title_fullStr Public policy and barriers influencing SMEs' market expansion
title_full_unstemmed Public policy and barriers influencing SMEs' market expansion
title_short Public policy and barriers influencing SMEs' market expansion
title_sort public policy and barriers influencing smes market expansion
topic UCTD
url http://hdl.handle.net/2263/59775