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A Conceptual Model on the Challenges Affecting the Growth, Sustainability, and Survival of Small, Medium, and Micro Enterprise

A Conceptual Model on the Challenges Affecting the Growth, Sustainability, and Survival of Small, Medium, and Micro Enterprise
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Author(s): Ayansola Olatunji Ayandibu (University of Zululand, South Africa), Irrshad Kaseeram (University of Zululand, South Africa) and Elizabeth Oluwakemi Ayandibu (University of KwaZulu-Natal, South Africa)
Copyright: 2021
Pages: 16
Source title: Reshaping Entrepreneurship Education With Strategy and Innovation
Source Author(s)/Editor(s): Ayansola Olatunji Ayandibu (University of Zululand, South Africa)
DOI: 10.4018/978-1-7998-3171-6.ch001

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Abstract

This chapter addresses the changes (finance, human resources management, supply chain management, and regulatory) that affect the growth, sustainability, and survival of SMMEs world. These challenges are common among SMMEs in every country. In order for SMMEs to achieve growth, sustainability, as well as survive in the competitive global market, SMMEs must deal with these challenges. This chapter also creates a conceptual model that addresses these challenges and provides solutions that can be used to improve SMME challenges. SMMEs from South Africa, Nigeria, and Ghana were also discussed.

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