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Investigating distress cognition for farm businesses as a precursor to turnaround in the South-African context

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

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Other Authors: Fairhurst, Keith
Format: Thesis
Language:English
Published: University of Pretoria 2018
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access_status_str Open Access
author2 Fairhurst, Keith
author_browse Fairhurst, Keith
author_facet Fairhurst, Keith
collection Thesis
dc_rights_str_mv © 2018 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria.
description Mini Dissertation (MBA)--University of Pretoria, 2017.
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institution University of Pretoria (South Africa)
language English
last_indexed 2026-06-10T12:37:25.592Z
license_str Other — see source repository
provenance_str_mv Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository
publishDate 2018
publishDateRange 2018
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publisher University of Pretoria
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spelling oai:repository.up.ac.za:2263/64855 Investigating distress cognition for farm businesses as a precursor to turnaround in the South-African context Fairhurst, Keith ichelp@gibs.co.za Human, Jan-Hendrik UCTD Mini Dissertation (MBA)--University of Pretoria, 2017. The global economic turbulent environment, financial market instability, food security, land appropriation and natural disasters has significantly transformed the agricultural landscape over the past few decades. These negative environmental forces has changed the way in which farmers had to adapt to their approach to managing their farm businesses and change their actions taken in response to these complex challenges posed. Managerial cognition is understood to be an important lever that farmers have that can influence the growth or decline of their operations and should there be a decline in the farm business how they go about turning the decline around. Organizational turnaround is often referred to as n process dedicated to corporate renewal by saving organizations from bankruptcy and turning them into agile and sustainable businesses. Due to the limited information available on how to effectively manage these risks and to take informative actions while having no control over the external context, farmerÕs internal management perceptions and awareness are of great importance and can ultimately be the difference between financial success and failure. Although literature confirms that these factors have significant rippling effect on both farm businesses and agribusinesses, there are very little literature referring to how farmers can transform their actions taken in the agricultural context and drilling even further down to the unique South African context. In order to understand this business phenomena we need to understand how South African farmers perceive these complex contexts and how they respond to them from a managerial cognition perspective and the way this influences turnaround should they become financially distressed. The study was conducted through an exploratory qualitative approach. Insights into the factors that influence distress cognition were investigated and how this effects organizational decline and turnaround in farm businesses in South Africa. A total of 12 semi-structured interviews were conducted with agricultural experts, financial marketers and farmers who are considered successful in their farming operations. Thematic content analyses was used to analyze the data obtained throughout the interview process. za2018 Gordon Institute of Business Science (GIBS) MBA Unrestricted 2018-05-11T09:02:39Z 2018-05-11T09:02:39Z 30-03-18 2017 Mini Dissertation Human, J 2017, Investigating distress cognition for farm businesses as a precursor to turnaround in the South-African context, MBA Mini Dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/64855> http://hdl.handle.net/2263/64855 en © 2018 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria
spellingShingle UCTD
Investigating distress cognition for farm businesses as a precursor to turnaround in the South-African context
title Investigating distress cognition for farm businesses as a precursor to turnaround in the South-African context
title_full Investigating distress cognition for farm businesses as a precursor to turnaround in the South-African context
title_fullStr Investigating distress cognition for farm businesses as a precursor to turnaround in the South-African context
title_full_unstemmed Investigating distress cognition for farm businesses as a precursor to turnaround in the South-African context
title_short Investigating distress cognition for farm businesses as a precursor to turnaround in the South-African context
title_sort investigating distress cognition for farm businesses as a precursor to turnaround in the south african context
topic UCTD
url http://hdl.handle.net/2263/64855