Enterprise and Supplier Development are very much buzz words at the moment. Government, large corporates, SMEs and entrepreneurs alike are looking for ways to stimulate small business growth in our country. Many organisations are claiming that their interventions are making a difference to the SME sector. However, claims about making a difference are not sufficient; evidence of exactly what difference and how much difference is being made are not just required, but imperative.
Impact Measures Study
Impact measures provide a means of tracking progress against pre-determined metrics. They offer an objective view of how interventions (in the form of ESD programmes, specific projects, funding etc.) can bring meaningful and important change to our society. There are many reasons to measure social impact. For starters, by putting clear measurables or metrics in place one avoids subjective, and often anecdotal, evidence about the true impact and actual value that an intervention has had.
OECD - SMME Contribution to Formal Workforce
OECD - Employment Rate
Brazil SMME Contribution to Formal Workforce
Brazil - Employment Rate
South Africa SMME Contribution to Formal Workforce
S.A - Employment Rate
Comparatively South African SMMEs contribute less to the formal workforce and as a consequence South Africa has a much higher unemployment rate.
8 886 015
13 469 070
SMMEs represent the largest contributor to GDP and to employment.