Business intelligence as a competitive advantage for SMMEs in the North West Province of South Africa

Gomwe, Godknows; Potgieter, M. S.; M, Litheko, A

doi:10.35683/jcman1033.205

Cited by 2 publications

(1 citation statement)

References 0 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…In addition, there is some proof that the minimal cash balance did not depend on theory (Mean=2.9), nor was it centred on theory or prior Business patterns (Mean=3.0). In earlier research, Gomwe et al (2023) indicated that incorrect cash management and inadequate utilisation of critical management engagements are significant causes of SMBs failing. Because working capital was a challenge for all organisations, small enterprises took the matter seriously because they were more sensitive to fluctuations in their working capital position and could not be without cash.…”

Section: Discussionmentioning

confidence: 99%

Financial management engagement and small and medium-sized businesses in eThekwini municipality, South Africa

Aliamutu,

Mkhize

2024

Econ. manag. sustain.

View full text Add to dashboard Cite

Small and medium-sized businesses are widely recognised as the cornerstone of growth in emerging and middle-class countries, and South Africa is no different. They generate many job possibilities and salaries for many individuals who live in cities, making them an essential component of average national production. The main objective of the research was to examine the level to which Small and Medium-sized businesses in the eThekwini Municipality used financial management. The research project used a quantitative method to collect and analyse data from the field. The survey included 60 participants from various small and medium-sized businesses in eThekwini. Proprietors and managers of small and medium-sized businesses were among those who responded. The rate at which organisations implement systems that effectively organise their money was a crucial component in analysing the financial management engagements of small and medium-sized businesses. This can be assessed in various ways, including distributing closed-ended surveys to responders. As a result, the proprietors of small and medium-sized businesses were prompted to score their companies based on the level to which financial preparation strategies were implemented and the funding sources. The research found that small and medium-sized businesses in the research areas did not develop long-term financial strategies that included investments in non-current assets, shares, stocks, and real estate initiatives. Small and medium-sized businesses must establish trustworthy systems for accounting information, disclose and analyse their financial challenges regularly, and advocate for laws that make it simpler for small and medium-sized businesses to obtain inexpensive financing. Since small and medium-sized businesses are recognised as contributing significantly to national economic growth, they must keep growing.

show abstract

Section: Discussionmentioning

confidence: 99%

Financial management engagement and small and medium-sized businesses in eThekwini municipality, South Africa

Aliamutu,

Mkhize

2024

Econ. manag. sustain.

View full text Add to dashboard Cite

show abstract

The Adoption of Business Intelligence as a Competitive Strategy Among SMEs

Mupaikwa

2024

Advances in Business Information Systems and Analytics

View full text Add to dashboard Cite

Business intelligence is central to the competitiveness of small and medium scale enterprises (SMEs) in the developing world. Guided by Porter's five forces model, this chapter discusses how SMEs in the developing world may harness various business intelligence information systems to gain competitive advantages over their competitors. The results of the review show that competitive rivalry among enterprises, influenced by the bargaining power of customers and suppliers, the threats of new entrants, and substitute products, influence the competitiveness of enterprises, and their influence is stronger among SMEs in the developing world. Challenges faced by SMEs in implementing business intelligence solutions include lack of funding, managerial support, and expertise. The chapter recommends investment and training in the development of business intelligence solutions for SMEs in the developing world. It further recommends more research on the acceptance and development of these technologies.

show abstract

Business intelligence as a competitive advantage for SMMEs in the North West Province of South Africa

Cited by 2 publications

References 0 publications

Financial management engagement and small and medium-sized businesses in eThekwini municipality, South Africa

Financial management engagement and small and medium-sized businesses in eThekwini municipality, South Africa

The Adoption of Business Intelligence as a Competitive Strategy Among SMEs

Contact Info

Product

Resources

About