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Source: Journal Citation ReportsTM from ClarivateTM 2022

Entrepreneurship and Sustainability Issues Open access
Journal Impact FactorTM (2022) 1.7
Journal Citation IndicatorTM (2022) 0.42
Received: 2019-10-11  |  Accepted: 2020-04-18  |  Published: 2020-06-30

Title

A holistic assessment of the risks encountered by fast moving consumer goods SMEs in South Africa


Abstract

Fast moving consumer goods (FMCG) small and medium-sized enterprises (SMEs) play an indispensable role in the emerging economies by selling products that are often classified as necessities. This paper argues that the traditional classification of risks into mainly operational, strategic, financial, and compliance risk, exposes FMCG SMEs to sustainability issues today. Focusing on sustainability and the associated factors, this paper seeks to offer a broader perspective on the risks that are crucial to the survival of FMCG SMEs in a fast-paced changing environment. The empirical investigation relied on the mixed research methods with the survey questionnaire and personal interviews as tools of interest. Two expert interviews were held to complement the quantitative data that was collected from 289 respondents. The research findings highlight the necessity for FMCG SMEs to look beyond the traditional risk types by incorporating social, economic and environmental risks, which are essential elements of the sustainability framework today. By combining these three components of sustainability into risk assessment, the paper seeks to introduce a more holistic view of risk sources that include evolving risk areas that are of growing importance in a rapidly changing global environment.


Keywords

risks, business survival, sustainability, traditional view, expanded view, Fast moving consumer goods (FMCG), Small and Medium-sized Enterprises (SMEs), South Africa


JEL classifications

M40 , M10 , M14 , M42


URI

http://jssidoi.org/jesi/article/588


DOI


Pages

3321-3338


This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Chakabva, Oscar
Cape Peninsula University of Technology, Cape Town, South Africa http://www.cput.ac.za
Articles by this author in: CrossRef |  Google Scholar

Tengeh, Robertson K.
Cape Peninsula University of Technology, Cape Town, South Africa http://www.cput.ac.za
Articles by this author in: CrossRef |  Google Scholar

Dubihlela, Jobo
Cape Peninsula University of Technology, Cape Town, South Africa http://www.cput.ac.za
Articles by this author in: CrossRef |  Google Scholar

Journal title

Entrepreneurship and Sustainability Issues

Volume

7


Number

4


Issue date

June 2020


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 3254  |  PDF downloads: 1242

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