Exploring Business Ethics and Corporate Governance Practices in SMEs: A Case of Glen View Area 8, Harare
Chipo Joyce Chigome, Lecturer & Harare Campus Coordinator – Business Management & Corporate Governance DPhil. in Commerce, Innovation and Technology Candidate: Catholic University of Zimbabwe.
Funny Chibwe, Lecturer – Accounting & Finance Ph. D in Accounting Sciences Candidate: University of South Africa.
Tendai J. Mapanga, Lecturer – Business Management DPhil. in Commerce, Innovation and Technology Candidate: Catholic University of Zimbabwe.
Daniel Somane (The Late), Lecturer – Public Administration, Reformed Church University Harare Learning Campus ,03982 Jabavu Drive; New Canaan, Highfields, Harare, ZIMBABWE.
MSI Journal of Economics and Business Management (MSIJEBM) | DOI https://zenodo.org/records/20522907 | Page 01 to 27
Abstract
This paper sought to examine on business ethics and corporate governance practices in small and medium-sized enterprises operating in Glen View Area 8 in Harare Metropolitan Province of Zimbabwe. Given the current economic impasse in the country, it is but necessary to be relevant in terms of how we can utilise our local SMEs towards achieving the goals of National Development Strategy 1. Small and medium-sized enterprises (SMEs) are conduits towards job creation, economic growth and an upper middle-income economy by 2030. This research draws upon ethical and moral approaches to business that can inform the decision making of entrepreneurs. The research utilises a mixed-methods methodology, drawing upon qualitative data and survey data within a multiple case study format. Questionnaire surveys were distributed to owners or employees of sampled SMEs and a document analysis was also undertaken. The findings establish that business ethics and corporate governance do have an impact upon the performance, behaviour and growth of SMEs. Importantly the research highlights the importance of appropriate governance and ethical practices to the sustainability of SMEs. Evidence exists which suggests that improving ethical behaviour and corporate governance practices and standards can contribute to improved organisational performance in similar SMEs.
Keywords: SMEs, Business Ethics, Corporate Governance, Sustainability, Organizational performance, Glenview Area 8.
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