Browsing Economic diversification and entrepreneurship by Author "Temtime, ZT"
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Temtime, ZT (Botswana Institute of Administration and Commerce (BIAC), November NaN, 2004)[more][less]
Abstract: The number of new indigenous business start-ups in Botswana has significantly increased during the past two decades. Unfortunately, the majority of them are not successful. Over 70% of new start-ups fail during their first 18 months. The general failure rate is over 80%, and only less than 2% of small businesses expand their businesses. It is noteworthy that this increased failure rate is substantially greater than the increase in the rate of new business creations. It is therefore essential to study the conditions that account for such a substantial rate of business failure and develop appropriate strategies to overcome the problems. The increasing rate of business failure has seen the emergence of several public policy approaches and assistance programs that attempt to improve the success rate of new businesses. One of the most intriguing of these is the Business Incubation Programmes (BIPs)... The purpose of this paper is to analyse why BIPs are critical for the development of all business and entrepreneurship and to put forward some suggestions on how BIPs can effectively be used for a proactive and sustainable entrepreneurial development. URI: http://hdl.handle.net/10311/189 Files in this item: 2
license.txt (1.998Kb)temtime_BIAC_2004.pdf (2.785Mb) -
Temtime, ZT (Botswana Institute of Administration and Commerce, November NaN, 2005)[more][less]
Abstract: Today's business environment is turbulent and requires firms, small or large, to be proactive and innovative rather than reactive and receptive if they are to survive and grow in it. Strategic awareness is a mental process of continually evaluating organisational and environmental problems and improvement on how they are identified, recognised, influenced and interpreted and consequently used in making managerial decisions. However, due to the apparent lack of resources and expertise, Small and Medium Enterprises (SMEs) put greater emphasis on short-term survival issues that long-term competitiveness and dynamism. This paper develops and examines a conceptual model of SME problem classification for designing meaningful assistance schemes and entrepreneurial development programmes. .. URI: http://hdl.handle.net/10311/190 Files in this item: 2
license.txt (1.998Kb)temtime_BIAC_2005.pdf (2.741Mb)
Now showing items 1-2 of 2