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- Management Dynamics : Journal of the Southern African Institute for Management Scientists
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- Volume 20, Issue 1, 2011
Management Dynamics : Journal of the Southern African Institute for Management Scientists - Volume 20, Issue 1, 2011
Volume 20, Issue 1, 2011
Source: Management Dynamics : Journal of the Southern African Institute for Management Scientists 20, pp 2 –18 (2011)More Less
Increasing levels of competition in the festival market have important implications for the profitability and survival prospects of South African arts/cultural festivals. In order for a festival to be sustainable, market segmentation can be an effective tool to divide existing and potential markets into homogeneous groups based on meaningful characteristics that could be profitably targeted. Against this background, the primary objective of this study was to segment, by means of a correspondence analysis, visitors to one of South Africa's largest arts festivals, namely the Aardklop National Arts Festival. Age was used as the segmentation variable in order to distinguish between differences in socio-demographic and behavioural characteristics between different age groups. A questionnaire survey (n = 1 671) was conducted annually at the festival, and data obtained from 2005 to 2008 were used. The results confirmed the existence of significant differences between different age groups. Based on these results, managerial and marketing implications are proposed for the festival organisers.
Source: Management Dynamics : Journal of the Southern African Institute for Management Scientists 20, pp 19 –31 (2011)More Less
The management of a firm's capital structure is an important aspect of the financial manager's responsibilities. Various factors in the business environment can have an influence on a firm's financing decisions. This study considered the impact of various economic and firm-specific factors on the finance decisions of firms. A census of Johannesburg Securities Exchange (JSE Ltd) listed industrial firms was considered over the period 1989 to 2008. Profound changes occurred in the South African business environment during the study period, thus providing the ideal capital structure research environment in a developing country. A time-series cross-section regression procedure with one-period lags was used. The results of this study indicate that the effects of economic changes on capital structure are often indirect and only seen after a period of time. It was also noted that the trade-off and pecking-order capital structure models are not mutually exclusive. Over time, management can deviate from their selected capital structure model to incorporate the benefits of a different model.
Source: Management Dynamics : Journal of the Southern African Institute for Management Scientists 20, pp 32 –41 (2011)More Less
Not much can be done to prevent the occurrence of a disaster, but one can be prepared in the event of such a disaster. Prepositioning of aid supplies has become a crucial part of disaster management, providing the means to overcome the impact of a disaster and reduce the suffering and loss of life associated with these events. This study proposes a generic mathematical model that can be used to effectively identify the type of disaster and determine the quantities of aid supplies required in pre-positioning facilities in the Southern African Development Community (SADC). A Disaster Recovery Plan (DRP) model is formulated to enhance the survival capability of people in the region directly after the occurrence of any of the disasters identified. A cost-benefit analysis is performed, using various budget estimates, to illustrate the functionality of the model.