An investigation of interventions to develop entrepreneurship and new venture creation
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Authors
Ngwenya, Maluleka Samson
Issue Date
2002-11
Type
Thesis
Language
en
Keywords
Entrepreneurship , New venture creation , Economic growth , Job creation
Alternative Title
Abstract
The slow growth in economy and the rise in the unemployment level in countries
all over the world has posed a challenge to governments to promote economic
growth and to create job opportunities. The success of government interventions
depends on business participation in the implementation of intervention policies,
improving their productivity by engaging in activities that are aimed at promoting
economic growth and the creation of job opportunities.
The question arises whether South African businesses are able to face the
challenges of job creation by engaging in projects aimed at developing
entrepreneurship and new venture creation. A literature study was conducted
whereby a propos~d model to investigate the interventio·ns to develop
entrepreneurship and new venture creation was developed. With the aforementioned model as a basis, a questionnaire was designed and
tested by means of conducting a pilot study. An empirical survey was then
conducted where questionnaires were sent to 1000 South African businesses,
after which the results were reported. Descriptive Statistics and Advanced
Statistical methods were used to analyse the data and to test the six stated
hypotheses. The relationship between the development of entrepreneurship and
new venture creation was empirical assessed. The results showed a significant
relationship in three out of the six hypotheses tested. In conclusion,
recommendations on interventions to develop entrepreneurship and new venture
creation in South African businesses are provided.