Question
Loadshedding has been plaguing South Africa since 2008. It has progressively intensified and is affecting businesses. Small business may be the backbone of the South
Loadshedding has been plaguing South Africa since 2008. It has progressively intensified and is affecting businesses. Small business may be the backbone of the South African economy, but its bearing the brunt of the energy crisis. Paying for generators, fuel, and inverters, employing extra staff to work in less time, and having to turn away work are some of the difficult steps businesses has had to take to survive. Both in small and big business, retrenchment has been at an all-time high. This is purely because of load shedding. Retrenchment is now greater than it was at the height of the pandemic. Even with a generator, entrepreneurs are struggling. Its the cost of diesel thats prohibitive. Sometimes the diesel cost equals the electricity bill. Electronic equipment is affected because of power surges. Businesses had to purchase inverters which is also a struggle since the batteries dont last.
With reference to the above, discuss the relationship between strategic risk and organisational success.
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