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. Alarmingly, only about of South African microenterprises that initially employ fewer than individuals manage to expand to employ people or more within five years.
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?
Please answer the following questions about the proposed study described above:
Formulate a suitable title for the students proposed study.
In the light of the W criteria, critically analyse the title formulated in
Specify the aim and significance of the students proposed study.
Formulate FOUR research objectives for the proposed study Note: the research questions should be informed by the students research questions.
Motivate an appropriate research design for the students proposed study
Based on the research design you have chosen in question above, discuss the methodology you would follow with regard to the following:
Sampling Methodology:
Briefly discuss the sampling methodology that you would use for the proposed study by answering the following questions:
Identify the target population for the proposed study.
State whether you would use a probability or nonprobability sampling strategy.
Propose a sample size for the proposed study and specify the basis for determining the sample size for the proposed study.
Select a method of sampling for the proposed study and explain why the selected method is appropriate for the proposed study.
Method of Data Collection:
Briefly discuss your approach to data collection for the proposed study by answering the following questions:
Propose a data collection instrument and or method of data collection for the study and provide a rationale for choosing the proposed data collection method.
What would inform the content of the proposed data collection instrument?
Method of Data Analysis:
Briefly discuss your approach to data analysis for the proposed study by answering the following question:
Briefly discuss the method of data analysis that would be used in the proposed study please note: you are required to specify the methods of analysis that would be used to answer each of the first three research questions formulated in above
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