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The Impact of Entrepreneurial Resilience on the Success of Small and Medium Enterprises in South Africa

Department of Business Management, University of Limpopo, Private Bag X1314, Sovenga 0727, South Africa
Sustainability 2018, 10(7), 2527; https://doi.org/10.3390/su10072527
Received: 30 March 2018 / Revised: 24 May 2018 / Accepted: 4 June 2018 / Published: 19 July 2018
(This article belongs to the Section Economic and Business Aspects of Sustainability)
Small and medium enterprises (SMEs) have a significant role to play in a country’s sustainable development. The measures of a country’s sustainable development include economic and social factors. The sustainability of small and medium enterprises is vital to job creation, poverty reduction, and sustainable economic growth. The high failure rate of SMEs negatively impacts on South Africa’s sustainable development. The purpose of the study was to investigate the relationship between entrepreneurial resilience and the success of SMEs in South Africa. Success was measured using both organisational and individual criteria. The Connor–Davidson Resilience Scale 10 (CD-RISC 10) was used to measure entrepreneurial resilience. Data was collected from 170 small business owners through the survey method. The self-administered questionnaire method was used to collect data from the participants. Convenience and snowball methods were used for sampling. Descriptive statistics, confirmatory factor analysis, correlation, and regression analysis were used for data analysis. Cronbach’s alpha was used as a measure of reliability. The results indicated that there is a significant positive relationship between entrepreneurial resilience and individual and organisational success. Ways to enhance the resilience of small business owners in order to ensure the sustainability of SMEs are suggested. View Full-Text
Keywords: entrepreneurial resilience; individual; organisational; success; sustainability; small and medium enterprises; South Africa entrepreneurial resilience; individual; organisational; success; sustainability; small and medium enterprises; South Africa
MDPI and ACS Style

Fatoki, O. The Impact of Entrepreneurial Resilience on the Success of Small and Medium Enterprises in South Africa. Sustainability 2018, 10, 2527. https://doi.org/10.3390/su10072527

AMA Style

Fatoki O. The Impact of Entrepreneurial Resilience on the Success of Small and Medium Enterprises in South Africa. Sustainability. 2018; 10(7):2527. https://doi.org/10.3390/su10072527

Chicago/Turabian Style

Fatoki, Olawale. 2018. "The Impact of Entrepreneurial Resilience on the Success of Small and Medium Enterprises in South Africa" Sustainability 10, no. 7: 2527. https://doi.org/10.3390/su10072527

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