2019 CSCE Annual Conference - Laval (Greater Montreal)

2019 CSCE Annual Conference - Laval (Greater Montreal) Conference


Title
EVALUATION OF THE CRITICAL ISSUES THAT IMPACT SUSTAINBLE PERFORMANCE OF SME IN WESTERN CAPE CONSTRUCTION INDUSTRY SOUTH AFRICA


Author
Mr. Imisioluseyi Akinyede, Cape Peninsula University of Technology South Africa (Presenter)
Abstract

Abstract: A sustainable performance development for SME in the construction industry is a worldwide agenda including the establishment of development policy and stimulating the efficient production processes. Still, SME in developing nations are challenging with unsustainable performance notably in the construction industry, and this is centered on management procedure and financial positions, in addition, unsustainable practices of the SME stakeholders, registration policy in place, and attitude of the personnel working in the SME construction industry, create a wide gap for the research study. Thus, trigger the major reason for the evaluation critical issues that impart unsustainable performance of SME in Western Cape. The methodology used for the investigation of critical issues that impact the unsustainable performance of SME in Western Cape is a mixed methods approach, which includes quantitative and qualitative techniques. Quantitative questionnaires were administered to the stakeholders and construction operators include the project manager, quantity surveyor, government officials and entrepreneurship management instructors. Consequently, data collected were validated through qualitative interview among the entrepreneurship instructors, SME stakeholders, and project managers, in order to establish the aim and objectives of the study. The critical issues discovered impact unsustainable performances of SME are as follows; inadequate access to a financial scheme, lack of the necessary collateral to qualify for a loan, labour productivity, lack of recognition for innovation, since SME contribution to productivity is very low and lack of growth objectives serves as a hindrance for development. However, the thought given to the implementation of this identified issues at the inception of SME formation by the stakeholders will enhance the performance and develops innovation for productivity.

Keyword; Evaluation, Performance, SME, Stakeholders and Unsustainable