Question: Examine the information provided below answer Question 1 and Question 2 in this section. Entrepreneurial success is the primary objective of all entrepreneurial ventures. However,
Examine the information provided below answer Question and Question in this section.
Entrepreneurial success is the primary objective of all entrepreneurial ventures. However, research conducted over the past two decades indicates that approximately of small businesses in South Africa fail within years, with notable variations in success rates among entrepreneurs Friedrich; Neneh, Alarmingly, only about of South African microenterprises that initially employ fewer than individuals manage to expand to employ people or more within five years Friedrich
What should be done to strengthen Micro Small and MediumScale Enterprises MSMEs in South Africa? In an attempt to bolster MSME success, a Bachelor of Business Administration BBA Honours student at a prestigious Business School in Johannesburg, South Africa has hypothesised that entrepreneurial passion is a vital and indispensable factor in achieving entrepreneurial success.
As part of the requirements for the BBA Honours programme, the student intends to conduct a quantitative study aimed at examining the impact of entrepreneurial passion on the success of MSMEs across Soweto, Gauteng.
The student has formulated the following research questions:
What is the relationship between entrepreneurial passion and the growth trajectory of MSMEs in Soweto, Gauteng?
How does entrepreneurial passion influence the innovative capabilities of MSMEs in Soweto, Gauteng?
To what extent does entrepreneurial passion contribute to the financial performance of MSMEs in Soweto, Gauteng?
What practical recommendations can be made to the management of Sowetobased MSMEs on leveraging entrepreneurial passion for enhanced success of their enterprises?
QUESTION ONE
Marks
Please answer the following questions about the proposed study described above:
Formulate a suitable title for the student's proposed study.
Marks
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