The Impact of Covid-19 on Innovation and Growth of Small Firms in Midlands Province for the Period (2019-2022)
- Author
- Nhimbe, Ebat
- Title
- The Impact of Covid-19 on Innovation and Growth of Small Firms in Midlands Province for the Period (2019-2022)
- Abstract
- The Covid-19 is a globally renowned pandemic that negatively impacted the growth and innovation of firms, of which in Midlands province has not been spared either. Due to this pandemic many of the firms suffered disruptions in the supply chain of raw materials from international suppliers. This research seeks to find the impact of the pandemic on the growth and innovation of firms in Midlands province. The covid-19 shock has been spread across firms which led to a negative impact on sales which lead to the employment adjustment and a reduction in working hours. Some firms made low,zero or negative profits leading to uncertainty about the firms’ future. These findings had a huge impact on the growth and innovation of firms in Midlands province especially on those who experienced a large drop in sales associated with a reduction with a number of employees.In addition other firms were facing greater financial constraint than this
- Date
- 2023
- Publisher
- BUSE
- Keywords
- Innovation and Growth
- Supervisor
- N/A
- Item sets
- Department of Statistics and Mathematics
