The influence of an entrepreneurial mindset on the performance of small medium and micro enterprises (SMEs) in the informal sector
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Date
2023
Authors
Mudzamiri, Ndana S.
Journal Title
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Publisher
University of the Free State
Abstract
The important relationship between an entrepreneurial mindset and the performance of small, medium, and micro enterprises (SMEs) operating in the informal sector is examined in this dissertation. This study aims to determine the degree to which informal SMEs operate with an entrepreneurial mindset in addition to evaluating the effect of an entrepreneurial mindset on the overall performance of these businesses. SMEs are essential to supporting regional growth and the overall economy in the modern economic environment. However given the particular difficulties that informal SMEs encounter, it is important to take a close look at how an entrepreneurial attitude affects their operations.
This dissertation attempts to offer insights into the characteristics of an entrepreneurial mindset and how these characteristics influence the operational and strategic decisions of informal SMEs through a thorough literature analysis and empirical research methodologies. The study aims to measure the effect of entrepreneurial thinking on key performance metrics, such as profitability, innovation, and sustainability, in the setting of informal SMEs by utilising both quantitative and qualitative analysis.
It is expected that the research's conclusions will make significant contributions to both academic research and useful policies, providing suggestions for encouraging and maintaining an entrepreneurial attitude among informal sector SMEs. To lay the groundwork for future studies and policy interventions, this dissertation aims to close the current knowledge gap regarding the interplay between an entrepreneurial attitude and the performance of small and medium-sized enterprises (SMEs) in informal sector areas.
Description
Dissertation (MDS (Development Studies))--University of the Free State, 2023