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