Asikhia, O.U.; Jansen van Rensburg, M.

SMEs wealth creation model: A conceptual framework

Article

Asikhia, O.U. and Jansen van Rensburg, M. 2015. SMEs wealth creation model: A conceptual framework. African Journal of Hospitality, Tourism and Leisure. 4 (1), pp. 1-19.

ISSN
Type	Article
Title	SMEs wealth creation model: A conceptual framework
Authors	Asikhia, O.U. and Jansen van Rensburg, M.
Abstract	Given the high failure rate of small and medium enterprises (SMEs) globally, this study aimed to identify domains of SME wealth creation. The study used a developmental configuration approach with a derived mathematical model, which are powerful tools for building and relating detailed models consisting of several variables and domains, illustrating complicated and inter-related relationships between several variables. The basis for the developmental configuration applied in the present study was an in-depth review of academic literature on wealth creation. The paper concludes with the presentation of a theoretical conceptual model of wealth creation. The six major domains included in this model are human resources, technology, innovation and creativity, unit cost economies, organizational infrastructure and strategy. The new conceptual model provides an entirely new premise for viewing wealth creation at the firm level, particularly for SMEs. The study also provides different indicators for the identified domains.
Journal	African Journal of Hospitality, Tourism and Leisure
Electronic	2223-814X
Publication dates
Online	Jan 2015
Publication process dates
Deposited	31 May 2024
Output status	Published
Additional information	VOLUME 4(1) January-June 2015
Web address (URL)	http://www.ajhtl.com/uploads/7/1/6/3/7163688/article44vol4(1)2015_(2).pdf
Related Output
Is part of	https://www.ajhtl.com/2004-2015.html
Language	English

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