THE DEVELOPMENT, GROWTH AND EXPANSION OF LOCALLY-OWNED BUSINESSES IN AFRICA : Case Study: Ghana
Amoako, Shirley (2016)
Amoako, Shirley
Centria-ammattikorkeakoulu (Keski-Pohjanmaan ammattikorkeakoulu)
2016
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-201603082962
https://urn.fi/URN:NBN:fi:amk-201603082962
Tiivistelmä
The need to develop locally-owned businesses in Africa has become an arguable necessity. This is apparent in the knowledge that the creation of an efficient and operable environment for enterprises and business is definitely in the interest of all in the society. An enabling environment for entrepreneurs can improve living standards, create a fair distribution of income, provide employment and promote growth. Africa’s business sector is largely made up of small, micro and medium scale enterprises, however, the entrepreneur in Africa faces a lot of challenges which cripples his/her performance of business operation. The topic chosen for this thesis work was therefore to consider and analyse the reasons why majority of locally-owned established enterprises in Africa do not seek growth opportunities to equally capture global markets or even grow and expand to other regions on country level.
The thesis focused on Ghana as a case study. The motivation for this area of study is Africa’s lack of great number of big corporations as in Europe, Americas and Asia to help boost economic growth of the continent. The study explored into whether the operating environment, management of available resources and entrepreneurial sense of business culture are the causes of lack of growth of locally-owned businesses in Ghana. A quantitative approach in which survey questionnaire were distributed to enterprises in Ghana was employed. The findings of the study indicated that the operating environment and available resources are reasons for the lack of business growth. The entrepreneurial sense of business culture was found to be not directly a reason for the poor performance and growth of businesses in Ghana. The findings of this study will be helpful to businesses, government and entrepreneurs interested promoting dynamism and promoting development in developing economies.
The thesis focused on Ghana as a case study. The motivation for this area of study is Africa’s lack of great number of big corporations as in Europe, Americas and Asia to help boost economic growth of the continent. The study explored into whether the operating environment, management of available resources and entrepreneurial sense of business culture are the causes of lack of growth of locally-owned businesses in Ghana. A quantitative approach in which survey questionnaire were distributed to enterprises in Ghana was employed. The findings of the study indicated that the operating environment and available resources are reasons for the lack of business growth. The entrepreneurial sense of business culture was found to be not directly a reason for the poor performance and growth of businesses in Ghana. The findings of this study will be helpful to businesses, government and entrepreneurs interested promoting dynamism and promoting development in developing economies.