The Impact of Entrepreneurial Resilience on the Success of Small and Medium Enterprises in South Africa

Fatoki, Olawale

doi:10.3390/su10072527

Cited by 124 publications

(118 citation statements)

References 36 publications

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“…Therefore, a strong relationship exists between resilience and entrepreneurial readiness, and thus, the null hypothesis is rejected. This study parallels statements from Mohamad [21], and Ab Wahid [55], as these authors also mentioned that a correlation exists between entrepreneurial readiness and student resilience; Fatoki's [58] study of small and medium-sized entrepreneurs in Africa revealed the same results. Subsequently, the relationship between these two variables impacts both the students and entrepreneurs.…”

Section: Does a Significant Relationship Exist Between Secondary Schosupporting

confidence: 86%

Malaysian Secondary Students' Resilience and Entrepreneurial Readiness

Othman¹,

Rahman²

2020

ujer

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Section: Does a Significant Relationship Exist Between Secondary Schosupporting

confidence: 86%

Malaysian Secondary Students' Resilience and Entrepreneurial Readiness

Othman¹,

Rahman²

2020

ujer

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“…In spite of this, the small business sector continues to play a significant role in the economy, as it accounts for approximately 91 per cent of all formal business entities. In addition, it contributes between 51 and 57 per cent to GDP, and small firms provide about 60 per cent of total employment (Fatoki, 2018).…”

Section: Introductionmentioning

confidence: 99%

The Relationship Between Environmental Hostility and Entrepreneurial Orientation of Small Businesses

Dele-Ijagbulu

Moos

Eresia-Eke

2020

Journal of Entrepreneurship and Innovation in Emerging Economie

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Declining entrepreneurship as indicated by low total early-stage entrepreneurial activity (TEA) and high business failure is unacceptable in any economy. This predicament is indicative of South Africa’s business environment as well as the entrepreneurial disposition of firms operating within it. However, the factors precipitating entrepreneurial behaviour among small firms are yet to be fully comprehended and the environment as a motivation for entrepreneurship among these firms is yet to be examined thoroughly. Furthermore, research focus on the antecedents of entrepreneurial orientation (EO) is limited, even as EO has been considered as an aggregated construct repeatedly with inadequate attention directed at its independent constituents. In response to these concerns, this study investigates the relationships between environmental hostility (EH) and the individual components of EO among small businesses in South Africa. Using a quantitative methodological approach, the study conducts a survey, and analyses data obtained through random sampling. Through exploratory factor analysis (EFA) and partial least square structural equation modelling (PLS-SEM), it is discovered that only four components of EO are statistically recognisable, contrary to five as widely acknowledged in literature. Positive associations were also revealed between EH and each of these dimensions to varying degrees. These findings underline the necessity for entrepreneurial action along the lines of risk-taking, proactive-innovativeness, competitive aggressiveness and autonomy among small businesses in South Africa, given the hostile environment of her small business sector.

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“…Additionally, it is positively related to the innovation which is considered one of the traits of a successful entrepreneur. The results of the study of Fatoki (2018) indicated a positive relationship between the resilience of entrepreneurs and the success of their business. Zali et al (2012) reported that business profitability is positively correlated with the interconnection of the social networks of entrepreneur.…”

Section: Research Related To Individual Resiliencementioning

confidence: 96%

Analysing the individual entrepreneurial resilience of rural women

2021

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Individual and social resilience is considered a key to managing stresses in rural communities. The individual resilience of rural women affects the improvement of entrepreneurial resilience and consequently rural community. Resilient entrepreneurs accept changes instead of resistance and represent high risk-taking and tolerance for attaining objectives and managing challenges. The present study aimed to analyse the individual entrepreneurial resilience of rural women. Furthermore, it was conducted through survey method using questionnaire, and the sample were 269 rural women living in the Fars province of Iran who were selected based on stratified random sampling. The face validity and reliability of the questionnaire were confirmed by a panel of experts in Shiraz University as well as conducting a pilot study out of the main study area, respectively. Based on the results of confirmatory factor analysis, 22 items among 25 were used to explain the construct of the individual resilience of women entrepreneurs. The individual resilience of rural women entrepreneurs was predicted by the components of individual competencies, accept positive changes, trust in own inherent talents, control and faith, respectively. The findings of causal model indicated that virtual social networks, marketing mix, entrepreneurial spirit and application of marketing strategies influenced improving the individual resilience of women entrepreneurs positively. Furthermore, literacy level, entrepreneurial motivation and application of marketing methods enhanced the individual resilience of women indirectly. Thus, it is suggested that officials try to improve marketing, networking and the social relationships of women entrepreneurs through practical tools such as virtual social networks. Supporting participatory approaches in women's entrepreneurial activities is also considered another action proposed to progress the individual entrepreneurial resilience of women.

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The Impact of Entrepreneurial Resilience on the Success of Small and Medium Enterprises in South Africa

Cited by 124 publications

References 36 publications

Malaysian Secondary Students' Resilience and Entrepreneurial Readiness

Malaysian Secondary Students' Resilience and Entrepreneurial Readiness

The Relationship Between Environmental Hostility and Entrepreneurial Orientation of Small Businesses

Analysing the individual entrepreneurial resilience of rural women

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