Development of construction small, medium and micro enterprise : a case of the Gauteng province construction industry, South Africa
- Authors: Tshikhudo, Livhuwani , Aigbavboa, Clinton
- Date: 2015
- Subjects: Thwala, Wellington , Construction SMMEs , Development of SMMEs
- Language: English
- Type: Conference proceedings
- Identifier: http://ujcontent.uj.ac.za8080/10210/377430 , http://hdl.handle.net/10210/72836 , uj:18336 , Citation: Tshikhudo, L., Aigbavboa, C. & Thwala, W. 2015. Development of construction small, medium and micro enterprise : a case of the Gauteng province construction industry, South Africa.
- Description: Abstract: This exploratory study investigated ways to improve the development of construction Small, Medium and Micro Enterprises (SMME) in the Gauteng province of South Africa. The data for this paper was collected from both primary and secondary sources. The primary data was acquired through the administration of structured questionnaires. The questionnaire was distributed to construction SME firms in the Gauteng Province construction industry. The questionnaire was designed based on information emanating from an extant review of literature. Out of the 140 distributed questionnaires, 120 were received back which represented 86% response rate. Findings from the questionnaire analysis revealed that the most recommended solutions for the further development of construction SMMEs by the SMME construction firms in the Gauteng Province of South Africa are; having the necessary education / skills / qualifications; attending leadership training courses; availability of financial benefits, rewards and incentives; adapting practices of current larger construction companies; and learning new skills that will enhance the firms capabilities. The paper provides relevant recommendations to policy makers, development agencies, entrepreneurs, and SMME managers to ascertain the appropriate strategy to improve the SMME sector in the South Africa construction industry. The findings escalating from this paper will form a basis for future research on construction SMMES in South Africa.
- Full Text:
Critical Success Factors for the survival of small, medium and micro enterprise construction companies in the South Africa construction industry
- Authors: Tshikhudo, Livhuwani , Aigbavboa, Clinton , Thwala, Wellington Didibhuku
- Date: 2015
- Subjects: Construction SMMEs , Development of SMMEs
- Language: English
- Type: Conference proceedings
- Identifier: http://hdl.handle.net/10210/73309 , uj:18393 , Citation: Tshikhudo, L., Aigbavboa, C. & Thwala, W. 2015. Critical Success Factors for the survival of small, medium and micro enterprise construction companies in the South Africa construction industry.
- Description: Abstract: The objective of this study is to investigate the critical success factors necessary for the survival of SMME construction firms in the Gauteng Province of South Africa. A literature survey was carried out. The data for this paper was collected from both primary and secondary sources. The primary data was acquired through the administration of structured questionnaires. The questionnaire was distributed to construction SME firms in the Gauteng Province construction industry. The questionnaire was designed based on information emanating from an extant review of literature. Out of the 140 distributed questionnaires, 120 were received back which represented 86% response rate. Findings derived from the study indicated that producing quality work, good cash flow management, good contractual understanding, having a business plan, effective communication channel in the firm, maintaining good relationships with clients, proper record keeping, sensible operating costs, recruiting qualified staff and availability of effective marketing strategies were perceived as the main critical success factors required by SMMEs in the Gauteng Province for their survival in the construction industry. The findings emanating from this paper will form a basis for future research on construction SMMES in South Africa.
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