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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Theoretical Framework for Structured Incubators to Address Macroeconomic Problems

Theoretical Framework for Structured Incubators to Address Macroeconomic Problems

Goosen, Wynand

Paperback

Economics

ISBN10: 3963565497
ISBN13: 9783963565496
Publisher: Grin Verlag
Published: Dec 3 2023
Pages: 222
Weight: 0.65
Height: 0.51 Width: 5.83 Depth: 8.27
Language: English
Diploma Thesis from the year 2023 in the subject Economics - Macro-economics, general, grade: Post Doc- Accepted., course: Post Doc, language: English, abstract: This study aims to investigate the possibility of creating structured, entrepreneurial incubators to address macroeconomic problems. Various countries face Macro Economic problems such as energy, pollution, water shortage, and unemployment. Formal SMEs contribute up to 40% of GDP in emerging markets and provide 70% of employment. The possibility of incubating SMEs to address Macro Economic Problems should be investigated to stimulate the Economic Emancipation of the youth. The principle of a structured incubator is born from the problem that the formal economy can no longer supply the required growth in jobs that our society needs. Instead, economies must create marginal capacity and new industries to facilitate the economic emancipation of its people. Business incubation is one of the most viable tools for increasing the number of small businesses. South Africa needs a new framework to develop the structured incubators' role in creating small businesses. Such structured incubators would need to capacitate themselves to take entrepreneurship to scale. New SMEs can be developed in construction, catering, water saving, e-waste, hairdressing, plastic recycling, retail, trade, solar, and many other industries if individuals can be capacitated in cohorts to become SMEs. The need for structured incubators is supported by a literature review, a survey of youth needing economic emancipation, an industry analysis and the researcher's experience in training young entrepreneurs. The grounded theory approach is used to identify concepts and categories that inform the themes in support of structured incubators. Given the above, we must equip people with skills to become less dependent on the state. Macroeconomic problems should be viewed as the source from where SME opportunities emerge. A framework for

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