Anchoring the competitive advantage of Small and Medium Enterprises on the implementation of sustainable development strategies: A systematic review
Keywords:
competitive advantage, economic growth, SMEs, stakeholders, sustainability, sustainable developmentAbstract
The manuscript presents an important and timely study on livestock valuation strategies in Zimbabwe, focusing on their effectiveness in providing realistic valuations. The research is well-structured and explores key valuation methods including the Market Approach, Income approach, Fair Value Approach and Cost Approach. The study is methodologically sound, using a mixed method research design that included surveys and interviews with farmers, valuers and accountants. The discussion highlights gaps in existing valuation practices and suggests hybrid strategies for achieving realistic valuations. Target population focused on 70 commercial livestock farmers, valuers and accountants in Gweru, Zimbabwe. Quantitative analysis focused on the perceived effectiveness of each method, while qualitative insights explored challenges related to valuation accuracy. The Market Approach emerged as the most reliable valuation method for reflecting real-time market conditions, followed by the Fair Value and Cost Approaches, which showed moderate effectiveness. The Income Approach was the least preferred, cited for its speculative nature and limited applicability in volatile markets. The study highlights gaps in existing literature, particularly the absence of empirical evaluations of hybrid valuation methods that integrate multiple approaches to mitigate individual limitations. To achieve realistic valuations, policy makers and farmers are encouraged to adopt hybrid strategies that combine market trends, production costs, and future earning potential. These findings are particularly relevant for developing regions with underregulated markets.
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