South Africa’s economic development trajectory: implications for skills development

Mayer, Marina; Altman, M.

doi:10.1080/1363908052000332302

Cited by 16 publications

(7 citation statements)

References 11 publications

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“…The need for critical entrepreneurial skill learning cannot be overemphasized. 20 , 21 Community pharmacy business is still a profitable business venture in Jos as confirmed by 90% of respondents. However, business performance among community pharmacists in Jos was sub optimal.…”

Section: Discussionmentioning

confidence: 88%

“…Community pharmacists are self-starters who usually venture into business with relatively no experience. 20 Appropriate self-starting skills are essential to the growth of the venture. Comparing the responses to all skills, the lowest rated skills were executive, marketing, networking, industry, entrepreneurial and money skills in descending order.…”

Section: Discussionmentioning

confidence: 99%

“…Entrepreneurial skills were also closely rated low which may be responsible for the stagnation and inability of many pharmacy businesses to profitably change in response to the changing business environment. 20 , 21…”

Section: Discussionmentioning

confidence: 99%

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An assessment of the impact of entrepreneurial skills of community pharmacists on pharmaceutical business performance in Jos metropolis

Asieba¹,

Nmadu

2018

Pharm Pract (Granada)

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Background:Community pharmacy has been a lucrative area of practice for pharmacists in Jos, Nigeria, until about the turn of the millennium where a decline in viability of the business has been observed.Objective:This study assessed the entrepreneurial skills of community pharmacists, the business performance of community pharmacies and the impact of their entrepreneurial skills on business performance.Methods:A cross sectional survey was conducted by administering a pretested questionnaire to 30 community pharmacists in Jos. An adaptation of the Bernelli model and the expanded Katz (1974)/Herron (1990) Skill Typology Model was used to assess nine entrepreneurial skills - product, organizational, industry, networking, leadership, executive, entrepreneurial, marketing and money skills; while sales growth, net profit and stock growth were used to assess business performance. Frequency distribution of results was presented, with further analysis done with the Epi-Info software using the chi square test of association.Result:The results from this study showed that community pharmacies in Jos do possess requisite entrepreneurial skills, but to varying extents. Product skills ranked highest while money skills and entrepreneurial skills ranked least, portraying a need for skills enhancement in these areas. Business performance was suboptimal, being rated as average or poor by 56.6% of respondents. However, most respondents (90%) still assessed their businesses as profitable. Money skills had a significant impact on business performance (P=0.03) and stock growth (P=0.04); while stock growth was significantly affected by leadership skills (P=0.002) and entrepreneurial skills (0.02). Net profit was significantly affected by industry skills (P=0.008).Conclusions:Community pharmacy business is still a profitable business venture in Jos though business performance is sub optimal. The entrepreneurial skills set of a community pharmacist set has an impact on business performance with money skills, leadership skills and entrepreneurial skills being most significant. This study recommended that entrepreneurial skills of community pharmacists in Nigeria are further developed to improve pharmaceutical business performance.

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Section: Discussionmentioning

confidence: 88%

Section: Discussionmentioning

confidence: 99%

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An assessment of the impact of entrepreneurial skills of community pharmacists on pharmaceutical business performance in Jos metropolis

Asieba¹,

Nmadu

2018

Pharm Pract (Granada)

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“…Gibbons and his colleagues, as many in South Africa (Muller, 2000;Subotzky, 2003;Kraak & Young, 2005;Mayer & Altman, 2005;Wood, 2005) and elsewhere (Atkins, 1999;Miettinen, 2000;Usher, 2002;Barnacle, 2004;Harman, 2004;Tennant, 2004) have pointed out, oversimplify the complexities of knowledge building and transfer across contexts. Firstly, Gibbons and his colleagues blur the distinction between knowledge formally learned in universities and that acquired through collaborative practice, even while claiming that there are significant differences in knowledge forms produced in different locations.…”

Section: The Rhetoric and Reality Of Collaborative Knowledge Productionmentioning

confidence: 94%

Work‐based higher degrees: responding to the knowledge needs of chemical engineers

Winberg

2007

Journal of Education and Work

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“…According to the Economic Policy document, Provincial Government of Gauteng, Republic of South Africa (1997), government intervention will be required in the short and medium term for the SMME sector to achieve its economic development objectives (Kew and Macquet 2002, p. 15). Two national institutions were created: Khula, which facilitates access to finance; and the NTSIKA, which facilitates access to nonfinancial areas of SMME support, such as training (Mayer and Altman 2005). Although the SMME sector has been the focus of a number of research papers and featured highly in the government’s deliberations and policy development, recent writers conclude that the resulting government programs are not sufficiently targeted and well‐administered to support the SMMEs in SA (Rogerson 2004; Berry et al 2002; Nieman 2001).…”

Section: Background Data and Description Of The Firmsmentioning

confidence: 99%

Distinguishing Economically from Legally Formal Firms: Targeting Business Support to Entrepreneurs in South Africa’s Townships*

Bradford

2007

Journal of Small Business Management

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Although the government of South Africa (SA) has formally adopted a policy of proactive support of entrepreneurship, providing business assistance to all of its entrepreneurs is beyond SA’s financial and human resource capabilities. This study utilizes the results of an in‐depth survey of entrepreneurs in SA’s townships to find: (1) The business and owner traits that predict revenues and job creation among the township entrepreneurs, (2) The key issues that challenge township entrepreneurs; and (3) What the answers to these issues imply about the appropriate content and recipients of business assistance to township entrepreneurs. A distinction is helpful in framing this study’s approach. In SA, registered (licensed) businesses are legally formal firms. In contrast, economically formal firms have institutionalized processes that lead to success as a profit‐making firm. We use this distinction in our analysis of the data and framing of the implications for business assistance strategy in SA.

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South Africa’s economic development trajectory: implications for skills development

Cited by 16 publications

References 11 publications

An assessment of the impact of entrepreneurial skills of community pharmacists on pharmaceutical business performance in Jos metropolis

An assessment of the impact of entrepreneurial skills of community pharmacists on pharmaceutical business performance in Jos metropolis

Work‐based higher degrees: responding to the knowledge needs of chemical engineers

Distinguishing Economically from Legally Formal Firms: Targeting Business Support to Entrepreneurs in South Africa’s Townships*

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