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

Permalink -

https://repository.mdx.ac.uk/item/12w78x

Log in to edit

20
total views
0
total downloads
2
views this month
0
downloads this month

Export as

Related outputs

Shared sensemaking during a strategic change process: a non-managerial perspective

de Metz, N., Jansen van Rensburg, M. and Davis, A. 2024. Shared sensemaking during a strategic change process: a non-managerial perspective. Journal of Strategy and Management. 17 (4), pp. 763-780. https://doi.org/10.1108/jsma-10-2023-0264

Fostering effective governance through intragovernmental networks: a case of a justice, crime prevention and security cluster network

Mphahlele-Ntsasa, L. and Jansen van Rensburg, M. 2024. Fostering effective governance through intragovernmental networks: a case of a justice, crime prevention and security cluster network. Discover Global Society. 2 (1). https://doi.org/10.1007/s44282-024-00048-6

Acting strategically during change: A process and dwelling world-view approach

de Metz, N., Jansen van Rensburg, M. and Davis, A. 2023. Acting strategically during change: A process and dwelling world-view approach. Journal of Change Management. 23 (3), pp. 250-268. https://doi.org/10.1080/14697017.2023.2238744

Middle managers’ strategising practices to effect strategic change

van Niekerk, K. and Jansen van Rensburg, M. 2022. Middle managers’ strategising practices to effect strategic change. Journal of Change Management. 22 (3), pp. 273-291. https://doi.org/10.1080/14697017.2022.2040572

Organisational climate, person–organisation fit and turn over intention: a generational perspective within a South African Higher Education Institution

Grobler, A. and Jansen van Rensburg, M. 2019. Organisational climate, person–organisation fit and turn over intention: a generational perspective within a South African Higher Education Institution. Studies in Higher Education. 44 (11), pp. 2053-2065. https://doi.org/10.1080/03075079.2018.1492533

Nkandla: The unexplored frontier for heritage tourism to Zululand, South Africa

Henama, U.S., Jansen van Rensburg, M. and Nicolaides, A. 2016. Nkandla: The unexplored frontier for heritage tourism to Zululand, South Africa. African Journal of Hospitality, Tourism and Leisure. 5 (2), pp. 1-16.

The impact of managerialism on the strategy work of university middle managers

Davis, A, Jansen van Rensburg, M. and Venter, P. 2016. The impact of managerialism on the strategy work of university middle managers. Studies in Higher Education. 41 (8), pp. 1480-1494. https://doi.org/10.1080/03075079.2014.981518

Transformation in the South African mining industry - looking beyond the employment equity scorecard

Jansen van Rensburg, M. and Moraka, N.V. 2015. Transformation in the South African mining industry - looking beyond the employment equity scorecard. Journal of the Southern African Institute of Mining and Metallurgy. 115 (8), pp. 669-678. https://doi.org/10.17159/2411-9717/2015/V115N8A2

An analysis of theological and strategic management perspectives of Moses as a leader

Jansen van Rensburg, M. and Nicolaides, A. 2015. An analysis of theological and strategic management perspectives of Moses as a leader. Pharos Journal of Theology. 96 (1), pp. 1-16.

Making strategy work: The role of the middle manager

Jansen van Rensburg, M., Davis, A. and Venter, P. 2014. Making strategy work: The role of the middle manager. Journal of Management & Organization. 20 (2), pp. 165-186. https://doi.org/10.1017/jmo.2014.33

The relationship between marketing intelligence and strategic marketing

Venteer, P. and Jansen van Rensburg, M. 2014. The relationship between marketing intelligence and strategic marketing. South African Journal of Economic and Management Sciences. 17 (4), pp. 440-456. https://doi.org/10.4102/sajems.v17i4.642

Relevance of travel agencies in the digital age

Jansen van Rensburg, M. 2014. Relevance of travel agencies in the digital age. African Journal of Hospitality, Tourism and Leisure. 31 (1), pp. 1-9.

Uncovering client retention antecedents in service organizations

Jansen van Rensburg, M. 2014. Uncovering client retention antecedents in service organizations. African Journal of Hospitality, Tourism and Leisure. 3 (1), pp. 1-14.

Boards and governance in African national cricket organizations: an exploratory study

Jansen van Rensburg, M., Venter, P. and Kriek, H.S. 2013. Boards and governance in African national cricket organizations: an exploratory study. Southern African Business Review. 17 (2), pp. 23-44.

A longitudinal analysis of the corporate strategic stance and actions employed by South African banks in response to the global economic crisis

Jansen van Rensburg, M. and Venter, P. 2012. A longitudinal analysis of the corporate strategic stance and actions employed by South African banks in response to the global economic crisis. African Journal of Business Management. 6 (34), pp. 9634-9648. https://doi.org/10.5897/AJBM12.636

The perceived contribution of the practise of strategic marketing on the performance of South African companies

Jansen van Rensburg, M., Venter, P. and Strydom, J.W. 2012. The perceived contribution of the practise of strategic marketing on the performance of South African companies. Journal of Contemporary Management. 9 (1), pp. 24-47.

Drivers of learning management system use in a South African open and distance learning institution

Venter, P., Jansen van Rensburg, M. and Davis, A. 2012. Drivers of learning management system use in a South African open and distance learning institution. Australasian Journal of Educational Technology. 28 (2), pp. 183-198. https://doi.org/10.14742/ajet.868

Branding and packaging design: Key insights on marketing milk to low-income markets in South Africa

Van Biljon, W. and Jansen van Rensburg, M. 2011. Branding and packaging design: Key insights on marketing milk to low-income markets in South Africa. African Journal of Business Management. 5 (22), pp. 9548-9558.

Service-Learning: Business School students working for the common good

Jansen van Rensburg, M. and Carmichael, T. 2011. Service-Learning: Business School students working for the common good. Alternation. 18 (1), pp. 155-176.

Value differentiation: Creating customised value propositions in the South African cement industry

Jansen van Rensburg, M. and Van Niekerk, J. 2010. Value differentiation: Creating customised value propositions in the South African cement industry. Management Dynamics : Journal of the Southern African Institute for Management Scientists. 19 (4), pp. 2-16.