Open AccessSize matters: Comparing the competitiveness of manufacturers of various sizes in South Africa
Author(s) -
Ewert P.J. Kleynhans
Publication year - 2009
Publication title -
journal of economic and financial sciences
Language(s) - English
Resource type - Journals
eISSN - 2312-2803
pISSN - 1995-7076
DOI - 10.4102/jef.v3i1.345
Subject(s) - business , productivity , industrial organization , strengths and weaknesses , economics , economic growth , philosophy , epistemology
The competitiveness platform of industries of various sizes is compared in this study, which also examines their competitiveness indices and aspects relating to the competitiveness platform of large, medium and small firms respectively. The reasons that small and medium enterprises (SMMEs) deserve the attention of policymakers are considered first, and the merits of large firms are then assessed. Finally, the results of an empirical investigation into the competitiveness of South African industries are considered. The study revealed that firms of different sizes have strengths and weaknesses influencing their respective international competitiveness. When development policies and strategies are designed to enhance the competitiveness of industrial SMMEs, this should be kept in mind. A firm can be enhanced, for example, through the supplying of information, infrastructure, development funds and the acquisition of modern technology. Competitiveness and productivity increase as the size of firms increases.