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Critical Innovation Skills Required of Sole Trader Small, Medium and Micro Enterprise (SMME) Management and Its Influence on Perceived Business Profitability: A South African Perspective

Juan-Pierré Bruwer, Judith Smith and Suzaan LE Roux
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Juan-Pierré Bruwer: Business Re-Solution, South Africa
Judith Smith: Cape Peninsula University of Technology, South Africa
Suzaan LE Roux: School of Accounting Sciences, Cape Peninsula University of Technology, South Africa

Expert Journal of Business and Management, 2019, vol. 7, issue 2, 256-262

Abstract: Small, Medium and Micro Enterprises (SMMEs) play a significant role in the stimulation of economies around the globe. In South Africa, though SMMEs add significant socio-economic value to the national economy, approximately 75 per cent of these business entities fail after being in existence for less than four years. Among the economic factors which have been highlighted to adversely affect the sustainability of these business entities is the lack of scarce skills – in particular, that of critical innovation skills. The objective of this study was to ascertain whether critical innovation skills had any statistically significant influence on the perceived profitability of South African SMMEs. Empirical research, exploratory research, and survey research were conducted in this quantitative research study whereby 387 responses were received from South African SMME management who had to adhere to relevant delineation criteria. Based on the results, the critical innovation skills of management of sampled South African SMMEs did not have any statistically significant influence on the perceived profitability of their respective business entities.

JEL-codes: O31 J24 (search for similar items in EconPapers)
Date: 2019
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