The success factors for employee ownership implementation

摘要: Today’s business world is characterised by technological advance, globalisation, and concentrated ownership of productive assets. The result a dysfunctional economy with income being capital owners, related economic insecurity for majority the population. Employee offers more balanced distributed ownership. This particularly relevant in South Africa, which faces numerous socio-economic challenges. African government has specifically identified employee as means to facilitate broad-based empowerment previously disadvantaged persons. not only benefit at societal level, it also vehicle provide personal organisational levels. Given benefits ownership, objectives this research are identify success factors implementation, assess whether such have been addressed implementation Africa. methodology involved performance literature review qualitative study involving discussion framework semi-structured interviews regarding Interviewees included management companies that implemented trade union representatives scheme fiduciaries, development specialists, advisors. provided international context factors, analysis thereof. findings relate education training employees; ensuring initiative perceived fair; delivering meaningful financial participants; establishing an ownership-oriented culture business; instilling commitment pursuing key disciplines; implementing sound governance; engaging unions; employing specialist were used develop factor framework, was guiding discussions interviewees, compared Share Ownership Scheme requirements set out Codes Good Practice on Broad-based Black Economic Empowerment. Africa predominantly compliance driven, attempt address transformation – historically Africans. Management typically focussed changing or operations, no regard addressed. has, general, considered failure few schemes delivered participants. Stellenbosch University http://scholar.sun.ac.za