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'n Kwantitatiewe en kwalitatiewe waardebepaling van ondernemingsrisiko en -mislukking

Factors contributing to the failure of emerging construction companies

  • Authors: Novela, Maqhawe Bennito
  • Date: 2017
  • Subjects: Construction industry , Business failures
  • Language: English
  • Type: Masters (Thesis)
  • Identifier: http://hdl.handle.net/10210/286085 , uj:30950
  • Description: Abstract: The construction industry in South Africa plays a major role in the country’s GDP. It plays a significant role in the ability to boost growth for the country and create temporary and long term employment for many individuals. With the high number of emerging construction companies failing to succeed within the first 3 years after being established, there is an increasing risk of having a high unemployment rate in the country. The study focuses on factors which contribute to emerging construction companies failing to succeed and how successful companies are able to overcome failure in the same industry. Through literature 8 factors were identified as being the factors which contribute to failure for emerging construction companies. Questionnaires distributed via an online survey where used to collect data from individuals who own companies with Construction Industry Development Board(CIDB) grade 1 - 4 or individuals who are in management positions in companies with grade 5 - 9. From the results it was found that poor managing of company finances by leadership is the biggest reason emerging construction companies fail to sustain. It was found that established companies manage the 8 factors identified from literature better compared to emerging companies and thereby are able to overcome failure. The study has contributed to the limited knowledge available to the construction industry about why emerging construction companies fail to succeed by identifying the causes and what to do to avoid failure. , M.Phil. (Engineering Management)
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Some attributes of South African incubators for new, independent, high-technology business ventures

  • Authors: Maree, Carus
  • Date: 2012-08-08
  • Subjects: Business incubators , New business enterprises , Business failures
  • Type: Thesis
  • Identifier: uj:8964 , http://hdl.handle.net/10210/5435
  • Description: M.Ing. , Sunter (1999:13) states "Unemployment is now the scourge of virtually every single nation." Sunter believes that unemployment or the creation of new jobs will be the responsibility of small businesses. If one however analyses the survival of new business ventures, failure is not the exception but the rule. According to literature 52% of all new business ventures are dissolved within the first four years of their existence and 63% within 6 years. Various publications on business incubators state that new business ventures that were incubated by business incubators demonstrated a success rate that is as high or higher than the failure rate of non-incubated new business ventures. A typical success rate of approximately 86% is quoted as the norm for these incubated ventures. The success rate can be attributed to the support provided by the incubators. The support and services provided by incubators consist typically of a range of products but the distinguishing attribute or feature is the support programme developed and tailored to meet the specific requirements of each individual organisation that joined the incubator. To ensure that jobs are created in South Africa it seems that incubators should be in a position to contribute much. The results of an evaluation of the achievements of seven of the highly visible incubators in South Africa, indicate that the flirtation with incubators resulted in very limited success. None of the seven examples were found to be very successful, but not all for the same reason. The aim of this dissertation is to identify some of the attributes that a high-technology incubator should possess to ensure success. The approach adopted was to: Define what a high-technology business incubator is. Identify the typical life-cycle of new ventures. Determine why new ventures fail. Determine the critical success factors of new ventures Determine the reasons for failure of South African high technology business ventures and incubators. Then based on the results of the above define some of the attributes a South African incubator should possess. The conclusion is that the attributes, excluding flexible lease space, shared business services and networking to the know-how network (technical) of the South African incubators are well developed. The following attributes were found lacking and should be fully developed: Education, training and information programmes; Networking to debt and equity capital and networking in general and Counselling and mentoring support. These attributes are those that will enable an incubator to develop and tailor support programmes to meet the specific requirements of individual firms. The South African environment is identified as being detrimental to the development of small new ventures and it was recommended that it should form the subject of further research.
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The reasons for and prevention of IT project failure.

  • Authors: Nuss, Jacques Erich
  • Date: 2012-08-16
  • Subjects: Project management , Information technology , Business failures
  • Type: Thesis
  • Identifier: uj:2554 , http://hdl.handle.net/10210/6007
  • Description: M.A. , The rate of change in the business arena is continuously increasing and companies are constantly seeking innovative products, services and knowledge-enabled processes to enable them to compete effectively against each other. IT plays an important role as an enabler of these processes. The problem is that the implementations of IT projects, commissioned to support and enable the business functions, often fail. The high rate of failing IT projects is a real and relevant concern of the business environment. Companies are wasting a significant portion of their resources on failed IT projects. More than often, IT projects fail to realize their intended purpose of reducing operating costs, increasing worker productivity, increasing cycle times and eventually increasing companies' market share. Management of these companies continues to complain about costly IT expenditure returning only a portion of the expected return on investment. The phenomenon of IT project failure has been in existence for many years and has in more recent years become a relevant topic calling for investigation and further study. Accordingly, this document is the culmination of the results of a study of the reasons why IT projects fail and offers possible measures to be taken to counter the failure of IT projects. The most significant and relevant reasons for IT project failure are listed in this document. These reasons span from the internal project environment through to the external project environment. Aligning these reasons with the environment of any anticiPated IT project will establish a base from which a successful IT project could be initiated. It is hoped that this document will serve as valuable input to the decision makers in the IT and business arenas that need to be made aware of the reasons for IT project failure in order for them to better manage their IT projects.
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