This study investigated the impact of outsourcing accounting strategies on the performance of small, medium, and micro enterprises (S M M Es) in the retail and service sectors in Cape Town, South Africa. A quantitative research design was employed, with data collected through an online survey and door-to-door distribution to a sample of 102 respondents. The analysis was conducted using X L S T A T software, applying partial least square structural equation modelling (P L S-S E M) for structural analysis. Cronbach’s Alpha measured reliability, while the Average Variance Extracted (A V E) assessed model validity. The findings indicate that outsourcing accounting functions positively influenced S M M E performance, particularly in reducing operational costs and enhancing time management. These findings suggest that outsourcing provides a viable solution for S M M Es seeking operational efficiency and sustainability in a resource-constrained environment. Additionally, the findings reveal the strategic value of outsourcing for S M M Es within South Africa’s dynamic economic landscape. The study recommends outsourcing as a strategy for S M M Es to improve cost and time management.
Author
(s) Details
Tania
Tshibangu-Mutonji
Cape Peninsula University of Technology, South Africa.
Lawrence Ogechukwu
Obokoh
University of Johannesburg, South Africa.
Ian Lyndon Johnson
University of the Western Cape, South Africa.
Please see the book here:- https://doi.org/10.9734/bpi/mono/978-93-49238-53-4/CH5
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