FINANCIAL GROWTH AND SUSTAINABILITY IN RETAIL SMMES: STUDY OF WORK-INTEGRATED LEARNING POLICY

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Abstract

This evaluation of Work-Integrated Learning (WIL) with Small, Medium and Micro Enterprise (SMME) retailers in South Africa arose from observations that vocational education goals required in this sector are not being achieved. Qualitative methodologies were used, including dialogic interviews and questionnaire surveys of purposive samples of SMME retailers, tertiary vocational educators and retail students, as well as insights from large retailers and skills development facilitators. Findings indicate lack of consensus on WIL strategies, and that for WIL within retail SMMEs to succeed, small business management capacity and entrepreneurial competence need to be supported by pre-WIL processes and mentorship strategies. To promote work-based learning within SMMEs, recommendations are made for policy review by W&RSETA management, vocational educators and small business development organisations.

Keywords: Small, Medium and Micro Enterprises, SMME, Work-Integrated Learning, Work Based Learning, Co-Operative Education, Mentoring, Graduate Employability

Received: 01.08.2016
Accepted: 19.09.2016

How to cite this paper: Sewell, W., Mason, R., & Venter, P. (2017). Financial growth and sustainability in retail SMMes: Study of work-integrated learning policy. Risk governance & control: financial markets & institutions, 7(2-1), 204-213. https://doi.org/10.22495/rgcv7i2c1p8