Background: Only one in 10 newly established business enterprises survives for longer than 10 years in the South African business environment. The primary reasons behind the demise of these small enterprises include the lack of access to financing, lack of financial and managerial skills, lack of expertise, as well as economic factors such as poor sales and weak growth prospects. The new norm in industrial markets is that business organisations must possess a remarkable amount of agility to survive and succeed. Success is important for South African small- and medium-sized enterprises (SMEs) given their significant contributions to the national economy. Objectives: This study investigated the connection between organisational agility, business best practices and the performance of SMEs in South Africa. Method: A quantitative approach using the cross-sectional survey research design was employed in which a structured questionnaire was administered to 564 randomly selected owner-managers of SMEs. Hypotheses were tested using the structural equation modelling procedure, which was conducted after implementing a confirmatory factor analysis to test the psychometric properties of the measurement scales. Results: Hypotheses tests indicated that the four business best practices, namely, technology capability, collaborative innovation, organisational learning and internal alignment, exerted a significant positive influence on organisational agility. Also, organisational agility exerted a significant positive influence on business performance. Conclusion: The study demonstrates that the performance of SMEs can be improved significantly through a proper alignment between the four business best practices considered in this study. Improving the level of organisational agility in SMEs is also important in stimulating their performance. The results of the study can be applied to assist SMEs to survive and flourish in turbulent and dynamic markets, where agile organisational abilities are a requirement for success.

/pdf/organisational-agility-business-best-practices-and-the-1r4ierbz2n.pdf

Organisational agility, business best practices and the performance of small to medium enterprises in South Africa

Dataset for determining rational taxation value with incompatible criteria of economic efficiency and equity.

............................................................................................................ii ACKNOWLEDGEMENTS .......................................................................................................... iii DEDICATION............................................................................................................................. iv LIST OF TABLES.....................................................................................................xi LIST OF FIGURES ..................................................................................................................... x LIST OF APPENDICES ............................................................................................................. xi CHAPTER

Endogenous attributes of successful youth entrepreneurs in selected wards of Thulamela Local Municipality

Thank you for downloading higher education in the new century global challenges and innovative ideas. Maybe you have knowledge that, people have search numerous times for their favorite readings like this higher education in the new century global challenges and innovative ideas, but end up in malicious downloads. Rather than enjoying a good book with a cup of coffee in the afternoon, instead they cope with some harmful virus inside their computer.

Higher Education In The New Century Global Challenges And Innovative Ideas

............................................................................................................................ vi DEDICATION......................................................................................................................... ix LIST OF TABLES ................................................................................................................ xvi LIST OF FIGURES ........................................................................................................... xviii LIST OF ACRONYMS ........................................................................................................ xix CHAPTER ONE ......................................................................................................................

The efficiency and sustainability of co-operative financial institutions in South Africa

Research purpose. The purpose of this study was to determine the role of small and medium enterprises in the economy, as well as to study and evaluate the effectiveness of government support methods for small business entities (SMEs) using the example of the Republic of Latvia. The subject of the research was the system of state regulation and promotion of SME development. The object of the research was the sphere of small business in the Latvian economy, including SMEs, infrastructure support and development of small business.

/pdf/the-role-of-small-business-in-the-economy-and-methods-of-its-52tykckevm.pdf

The Role of Small Business in the Economy and Methods of Its Government Support Using the Example of the Republic of Latvia

Abstract The tax prism method is developed for the assessment of tax part of the budget as well as for forecasting the influence of tax optimisation on it. There are certain trends in global practice. Developing and transition economies are characterised by low tax burden. Economically developed countries with a high level of social security of population are characterised by high tax burden. The analytical and graphic-analytical research for the purpose of determination of optimum size of the taxation using the tax prism has been conducted. In addition to the concept of ‘tax prism’, concepts such as static and dynamic tax prisms have been introduced, allowing to consider changes in the part of the budget of interest in connection with a possibility of taxation subjects to reduce the size of a tax burden by various methods of tax optimisation, and also to consider the influence of other factors on it. The use of this approach helps effectively to enhance the tax legislation by modelling high-quality and quantitative consequences of one or another changes and innovations.

Use of the Tax Prism Method When Forming Tax Part of the Budget

In today's globalizing world the importance of education as an important factor of the development of economy and society in general is increasingly growing. Investing in education now becomes essential for the creation of a long-term economic growth potential and an adequate respond to technological and demographic changes that have a transformative impact on labor markets and employment. The important component of the higher education systems of many countries is formed by private higher education institutions, although in each case they have national specifics. On the one hand, private education has been recognized as such, on the other hand it has not been fully determined yet what place it should occupy as a private actor. The answer to this question largely depends on the ideology and specific policy in the reforms of individual countries.

http://www.eujournal.org/index.php/esj/article/download/7685/7425

Private Higher Education In Latvia: Funding And Quality Assurance

In condition of global financial crisis companies and investors pay greater and greater attention to the reliability of financial records.An efficient system of internal control (ICS) contributes significantly to this effect. The aim of the research is to consolidate theinternational experience in the sphere of the development and regulation of the system of internal control, to assess the feasibilityof its application to various Latvian enterprises, and to propose a conception and a model of realisation of ICS in medium and smallcompanies. According to the author, there are two main obstacles to the application of the studied theories relevant to the field ofinternal control in Latvia. The first one is the insufficiency of legislative framework, intended only for listed companies, and thesecond one is a start-up phase of business development, when the owner and top management are often combined in one and thesame person and, therefore, they may believe that all is under their control and there is no need to create a special system of control.The theoretical and methodological foundation of the research was derived from the study of a wide range of activities in the field ofcorporate management and internal control as well as provisions of regulatory and legislative acts defining the scope of requirementsto ICS. In order to achieve the set aim, several objectives were realised: the regulation of ICS in the area of corporate legislation ofthe USA and the EU was analysed; the conceptual principles and existing models of internal control were summarised; the conceptof development of the ICS for medium and small enterprises was formulated, and the necessity to introduce recommendations to thecurrently effective legislation of Latvia was substantiated.KEYWORDS: Internal control system (ICS), model COSO, regulation of EU corporate legislation, operation of ICS in small andmedium companies, non-public sector companies.

Internal Control System as Continuous Basis of Efficient and Stable Company Development

Audit activity is a variety of service industries, and cannot be developed independently of the major trends in this area. A strategicdirection in the development of audit is creation of the international market of auditing services with unified rules and standardsregulating audit, and creation of uniform quality criteria. This article examines the concept of quality audit service, analyzes themain problems of legislative and methodological character in the area of external and internal audit control in Latvia, and considersopportunities and ways of improvement based on international experience. The research results can be applied to construction anddevelopment of the systems of external and internal audit control, which will be providing the most reliable information about thestate of business of companies-customers, their performance and prospects for sustainable development. The financial stability ofa company, confirmed by the independent, objective opinion of an auditor, increases the growth of investments, the price of shares,improves the company’s reputation in the financial market and ultimately contributes to the stable development of a region. Keywords: quality system of audit, quality requirements, criteria, internal and external quality control. DOI:  http://dx.doi.org/ 10.15181/rfds.v11i3.627

/pdf/the-development-and-improvement-of-the-quality-system-of-1eolai0fs6.pdf

Ludmila Verovska

Papers

The Role of Small Business in the Economy and Methods of Its Government Support Using the Example of the Republic of Latvia

Use of the Tax Prism Method When Forming Tax Part of the Budget

Private Higher Education In Latvia: Funding And Quality Assurance

Internal Control System as Continuous Basis of Efficient and Stable Company Development

The Development and Improvement of the Quality System of Audit Services in Latvia