Project 2 WBES Data Analysis

This study analyzes data from the World Bank Enterprises Survey to identify factors that impact business performance in South Africa. It explores factors such as corruption, labour relations, and access to finance, and highlights the findings of regression analysis. Recommendations are provided for firms looking to expand into South Africa.

PROJECT 2 WBES DATA
ANALYSIS
1

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
A) Exploring data that is being provided.....................................................................................3
B) Representing factors that needs to be analysed......................................................................4
C) Analysis..................................................................................................................................4
Regression analysis......................................................................................................................6
D Highlighting the findings.........................................................................................................8
E Recommendations....................................................................................................................9
CONCLUSION..............................................................................................................................10
REFERENCES..............................................................................................................................11

INTRODUCTION
In order to get benefits by becoming competitive in nature, it is highly important for the
firm to keep spread out the organizational operations and evaluation of factors that might provide
effects over the business performances. The current study is based upon the scenario within
which the firm wants to expand or opening a branch into South Africa. In order to do this, the
data has been gathered by World Bank Enterprises Survey which is also known as (WBES) that
helps to identify various challenges faced by the company along with their impacts over the
business analysis into different countries. This involves the poor infrastructure, poor
performances, accessibility to finance system, etc. Furthermore, the study will also discuss about
the factors that might cause direct implications over business activity which helps to determine
the requirement of actions that needs to be taken by the company in order to improve their
overall performances.
MAIN BODY
A) Exploring data that is being provided
The data that is being gathered through World Bank Enterprises Survey enables the firm
to investigate the key factors that highly affects the business performances. The data has been
consisting of diversified factors that directly and indirectly provide impacts over the business
activities. Moreover, the firm is also looking forwards to expand or establish a business unit at
South Africa due to which it is important to identify the factors that might have impacts over the
business actions. It is because that the company factors have somehow affects the business
performances and hence, the development of detailed understanding pertaining to such factors
are highly important for the establishment. Within the chosen data set, it has been evaluated that
diversified factors highly affects the business performances and will able to sustain their brand
image in global context by analysing their direct implications.
In addition to this, the questions arise that has been asked among the data set are based
upon the factors that provide direct impacts over the business performances and also it influences
the company brand value. Moreover, with the help of getting familiar with the country's
influencing factor, company will able to improve their brand recognition and as a result, culture
can also become evaluated. This enables the firm to get better results and improve overall
performances so that they will be able to sustain their brand image at international level.
3

B) Representing factors that needs to be analysed
In order to identify the factors which, have the capability to directly impact over the
business activities, diversified factors that has been chosen are from the collected survey which
has been mentioned below:
 Appropriate educated workforce: With the help of this factor, company will come to
analyse whether the existing workforce of the companies in South Africa are educated
enough or not. This further also enable to analyse the unemployment rate in the country
so that it will assist to determine whether the company should establish their brand or not.
 Labour relations: With the assistance of this factor, company is able to identify whether
the country have good relationships among the employee and employer.
 Corruption: This factor also has the power to affect the performance of business because
if country have high level of corruption then the business performance is highly affected.
Due to this, the country is not able to get economic growth that somehow affects business
activities.
 Accessibility towards finance: through this specific factor, chosen company get to know
about the public loan as well as government subsidies offered by the company so that
they can appropriately able to establish their brand value in new market. With the help of
such loan procedure, company is able to get complete support along with stimulate the
economic growth whenever market is failing.
 Crime, disorder and theft: As per this chosen factor, company will able to know about
the crime rate in the country so that they prepare steps accordingly which helps them to
evaluate whether the business is operated effectively or not.
C) Analysis
In order to evaluate the data in appropriate manner, thematic data analysis method has
been considered which is highly able to provide effective results with the help of utilizing tables
and charts so that the study can be represented into a presentable manner. For that, two tools has
been used that helps to determine the view points of the people so that it will be easy for the firm
to identify the views of people so that it will be easy for the firm to determine the company that
has affected from the factors in order to get the best outcome.
Descriptive statistics

Adequately
Educated
workforce
Labor
Regulation
Access
to
finance
Crime,
theft
and
disorder Corruption
Tax
rates
Over the
course of this
fiscal year,
did this
establishment
own or share
a generator?
Mean 1.376481 1.377393 1.764813 1.668186 1.777575 1.432999 1.364631
Standard
Error 0.019845 0.018416 0.032569 0.02623 0.037221 0.021989 0.014596
Median 1 1 1 1 1 1 1
Mode 1 1 1 1 1 1 1
Standard
Deviation 0.657296 0.609953 1.07871 0.868771 1.232812 0.72829 0.483437
Sample
Variance 0.432038 0.372043 1.163615 0.754762 1.519825 0.530406 0.233711
Kurtosis 5.587874 2.945345 0.890693 1.771857 0.900143 5.082902 -1.59143
Skewness 2.084701 1.673158 1.316702 1.398927 1.468236 2.051111 0.587512
Range 5 3 5 4 5 5 2
Minimum 1 1 1 1 1 1 1
Maximum 6 4 6 5 6 6 3
Sum 1510 1511 1936 1830 1950 1572 1497
Count 1097 1097 1097 1097 1097 1097 1097
INTERPRETATION: From the above table, it has been interpreted that there are no obstacles
identified among the business activity with regard to labour regulations. It highlights that
company actually maintain a relationship with employer and employees in most successful
manner. Hence, as a result, the maximum number of respondents are agreed over the terms that
there are no obstacles evaluated among labour regulations. Apart from this, maximum number of
selected candidate’s states that country do not face any kind of issues in workforce education
such that average range of respondents are agreed upon the fact that they are not face any
challenge pertaining to the same.
Further it has been evaluating that organisations which are doing their business in South
Africa does not possibly face any obstacles. As per the data provided by the participants which
5

suggests that there is no such barrier in running the business. Although companies can easily take
funds and loans from the Banks. There are no such tax and policies regarding issues which
makes the stable economic condition for the country. Respondents also stated that there is no
such corruption in the country. Majority of the participants stated that at the time of the fiscal
year that is used for the financial reporting, participants said that development of the company is
belong to them only this is the reason for their successfully running of the business in this
country. Therefore, overall it can be said that majority of the participants believes that running
business in South Africa is one of the best decision.
Regression analysis
It is further stage after correlation, that is utilised to predict the value for the variable on the
basis of other variable’s value.
H0: There is no such relationship is found between the approaches that impacts the business
performance.
H1: There is such relationship is found between the approaches that affects the business
performance.
SUMMARY RESULT
Regression statistics
R square 0.051079
Multiple R 0.226006
Standard Error or fault 0.472223
Adjusted R square 0.045855
Observations 1097
Anova
SS DF F MS Significance
F
Residual 243.064 1090 0.222994
Regression 13.08369 6 9.778781 2.180614 1.62E-10

Total 256.1477 1096
Coefficients Standard
error
p- value t stat Upper 95
percent
Lower
95
percent
Upper
95.0
percent
Lower
95.0
percent
Intercept 1.103273 0.039825 2.6E-128 27.70331 1.181415 1.025132 1.181415 1.025132
130 a 0.034259 0.036106 0.342901 0.948862 0.105104 -0.03659 0.105104 -0.03659
130 b 0.045473 0.03134 0.147087 1.45093 0.106967 -0.01602 0.106967 -0.01602
K 30 0.014853 0.01555 0.3397 0.955176 0.045364 -0.01566 0.045364 -0.01566
I 30 0.064995 0.020751 0.001781 3.132177 0.10571 0.024279 0.10571 0.024279
J 30 0.073557 0.027381 0.007331 2.686487 0.127282 0.019833 0.127282 0.019833
J 30 F -0.04977 0.015313 0.001189 -3.25012 -0.01972 -0.07981 -0.01972 -0.07981
INTERPRETATION: From the above test evaluation it can be said that there is a lower
relationship which is found in between the variables. Reason for this due to the correlation
statistics that suggests the 0.22 value which comes under the category of 0.25. thus on the basis
of this it can be said that R square value which only changes for the 5 percent has been find
within the business processes and it also represents that there are no such changes are
encountered in the variables.
Furthermore, on the basis of the Anova table it can be interpreted that there are effective
effects of the factors over the business performance. The rationale behind this as the P value is
0.00 which seem as less than the 0.05, this is the reason it directly affects the business
functionalities. Hence it can be said that due to the changes in the elements which are corruption,
tax rates and other crime by which the business activities directly affected. This is the reason null
hypothesis can be discarded over the alternative hypothesis. That’s why it can be said that
business activities are affected by such factors directly.
D Highlighting the findings
It has been interpreted from the above test analysis, when the company approach to go
overseas to develop in South Africa there were no such factor hat negatively impact, although it
7

was easy for them to proceed with the new terms as there were no such barriers related to labour
or other. Thus in such condition it will be advantageous for the firm to develop in such region
(Agresti, 2018). That can be also understood that business will have the better and safer work
place culture where all employees are allowed to share their views and opinion in decision
making, it also assure their retention and fully engagement with the organisation. It can be also
suggested that if the firm have the relation or connectivity then there will be higher chance for
increment in success ratio as well as it will give the positive impact over the brand performance.
Moreover, it is also identified from the outcomes that employees are well educated and specialist
in their areas that will be beneficial for the firm to find out the best solution to solve complex
problem. Additionally, employees are capable of carrying out any operation within a time frame
that helps in enhancing the business profitability rate. That is why it can be said that if country
have the better and knowledgeable workforce then it will efficiently contribute towards the
company in order to accomplished desired goals.
On the basis of the regression result it can be said that organisation is quite influenced by
distinct factor, therefore in making the decision for expanding the business, it is important for the
company to consider all the factor that will support their strategies. This is because there is direct
effect of such factor can be seen over the organisational performance, thus alternative hypothesis
is chosen over other (Soylu, Çakmak and Okur, 2018). It is also found that most of the
participants are agreed that there are no such barriers found in South Africa related to tax rate,
also average number of the participants support the response as no such obstacles are found
regarding this. Thus such condition help the organisation follow all the regulations and policies
and effectively register their business and run it smoothly for better return. For successful
establishment it is also important for them to comply with all the rules and procedures to prevent
from any legal activities that negatively affect the business. it is also analysed that economic
condition of South Africa is stable so there is easy access in finance, fund raise and loans are
found, in such company can easily continue their business without any threat of major changes in
market environment. However (Silverman, 2018) said that African market suffers from the low
economy factor because of the poor governmental structure, thus in such scenario expansion of
the business is low especially in the emergency cases such as pandemic.
Therefore, it can be stated that for developing a business in international market it is
important for the company to done some research and to analyse the macro environment such as

political, social and other economical factor. Such information will help in guiding to come up
with the proper strategies that supports the international organisational operations. In context
with the business in South Africa it is found that there is no such corruption and crimes are found
that affects the business of company. Thus researching in such region will be advantageous to
interact with the consumer and to know their buying behaviour to come up with such products
that fulfils their demand (Han, 2021). Overall it can be said that there will be no such negative
impact over the company’s business is found so that they can actively proceed to continue their
business for better and desired outcomes. Thus from the above key finding it is highlighted that
South Africa country have better and educated workforce that aims to positively contribute
towards company’s business, as well as no such situations are found that will play as obstacle for
the firm. Thus survey is successful to know the main factor that negatively impact business
performance because organisation is operated in efficient manner.
E Recommendations
From the above analysis there are some areas which the company need to focus to address
the issues such recommendations are as follows:
 As such there are no such factors are encountered that negatively impact the business
performance, but it is suggested for the organisation to follow all the terms and
conditions to prevent from any vulnerable situation that lead to shut down of business.
 Recruitment in different country is very challenging although in South Africa there is
skilled and educated workforce, thus company required to update their recruitment
process to hire the best talent that compliments their work place environment (Larson-
Hall and Mizumoto, 2019).
 It is found that total time which is consumed for the business registration is much higher
thus in order to minimise it company required to earlier contact with the expansion expert
to mitigate such risk (Abu-Bader, 2021).
CONCLUSION
From the above report it is concluded that It is important for organisation to consider all the
factors that affects the business performance, it is required to developed and implemented better
strategies that helps in reducing the risk chances. It is illustrated from the above that there are no
such factors that negatively influence the organisational performance, in fact it there is positive
9

impact of such factors are found on business at global level. Report further concluded that having
a stable political and economic environment also assures the successful running of the business
in such market. Thus it can be said from the survey which is conducted operating and running
business in South Africa country often gives good business hikes in such organisation can be
easily move forward to drive good revenues and to achieved their desired goals and objectives.
REFERENCES
Books and journals
Abu-Bader, S.H., 2021. Using statistical methods in social science research: With a complete
SPSS guide. Oxford University Press, USA.
Agresti, A., 2018. An introduction to categorical data analysis. John Wiley & Sons.
Han, X., 2021, February. An Automated Time Series Modeling and Forecasting Approach based
on SPSS Statistics. In 2021 The 5th International Conference on Compute and Data
Analysis (pp. 73-78).

Larson-Hall, J. and Mizumoto, A., 2019. Using statistical analysis software (R, SPSS). In The
Routledge Handbook of Research Methods in Applied Linguistics (pp. 385-397).
Routledge.
Silverman, B.W., 2018. Density estimation for statistics and data analysis. Routledge.
Soylu, Ö.B., Çakmak, İ. and Okur, F., 2018. Economic growth and unemployment issue: Panel
data analysis in Eastern European Countries.
11