Investigating small, medium and micro-scale enterprises strategic planning techniques in Johannesburg central business district post-COVID-19 lockdown
Southern African Journal of Entrepreneurship and Small Business Management
| Field | Value | |
| Title | Investigating small, medium and micro-scale enterprises strategic planning techniques in Johannesburg central business district post-COVID-19 lockdown | |
| Creator | Mkhonza, Vukile M. Sifolo, Portia P. | |
| Description | Background: Strategic planning assists organisations to capitalise on opportunities that arise and to minimise the threats posed by unstable market environments. Apart from the track record of poor performance amongst some small, medium and micro-scale enterprises (SMMEs) in South Africa, COVID-19 pandemic severely affected more than 55 000 South African SMMEs in March 2020 after the lockdown imposed by the government.Aim: This research study sought to investigate strategic planning techniques or tools implemented by SMMEs post-COVID-19 lockdown in Johannesburg Central Business District (CBD).Setting: The study was conducted at small, medium and micro-enterprises in Johannesburg Central Business District.Methods: A quantitative study was conducted by using an online E-Survey Hero which was distributed to the sample of 169 respondents who were SMME owners and managers in Johannesburg CBD.Results: The results revealed that most SMMEs owners had knowledge on the strategic planning techniques such as the strengths, weaknesses, opportunities and threats (SWOT) analysis, the political, economic, social and technological (PEST) analysis, financial analysis of the competitors and financial analysis of their own business.Conclusion: Small, medium and micro-scale enterprises should take advantage of technology and invest in key skills needed for more effective strategic planning. | |
| Publisher | AOSIS Publishing | |
| Date | 2022-04-29 | |
| Identifier | 10.4102/sajesbm.v14i1.483 | |
| Source | The Southern African Journal of Entrepreneurship and Small Business Management; Vol 14, No 1 (2022); 13 pages 2071-3185 2522-7343 | |
| Language | eng | |
| Relation |
The following web links (URLs) may trigger a file download or direct you to an alternative webpage to gain access to a publication file format of the published article:
https://sajesbm.co.za/index.php/sajesbm/article/view/483/638
https://sajesbm.co.za/index.php/sajesbm/article/view/483/639
https://sajesbm.co.za/index.php/sajesbm/article/view/483/640
https://sajesbm.co.za/index.php/sajesbm/article/view/483/641
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