A study to determine the degree to which biographical and business variables can predict entrepreneurial success is described. Archival data obtained from the records of a venture capital organization were used. Data were obtained for two cohorts, each of which represented individuals to whom financial assistance was provided in a given financial year. Criterion data consisted of the entrepreneurs' accounts three or four years later. The total sample consisted of 569 small business owners in 435 business firms. Data were captured on 14 biographical and 16 business variables. A statistical analysis strategy to limit capitalization on chance was implemented. The results indicated that the number of loans granted, nationality of entrepreneurs, security cover, education level, economic sector, number of dependants, language preference, and race appeared as predictors of success.
This paper focuses on management's perception of affirmative action for affirmative change. A questionnaire, developed to measure attitudes towards the implementation of an affirmative action programme, was distributed to managers at all levels of management in a parastatal. Results supply evidence of a negative orientation towards affirmative action amongst younger managers. They hold the view that members of disadvantaged groups are favoured at their expense. Younger managers also perceive older managers not to have the necessary vision and skills to implement an affirmative action programme successfully. It is recommended that line management encourage communication between the different race groups, and develop positive attitudes and expectations towards the employers, the affirmative action programmes and the various jobs available.
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