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This volume offers an overview of the critical challenges faced by aspiring African entrepreneurs and their coping strategies to sustain and develop their businesses. Contributors to this volume detail the constraints placed on African entrepreneurs through rich case studies and challenge African leaders and international donors to review their own behaviors if they hope for African entrepreneurs to succeed.
Edoho and his contributors examine the management challenges facing African governments and businesses on the eve of a new millennium. As the authors make clear, Africa's future is defined by how Africa does in the 21st century. For Africa, a major challenge is how to effectively and efficiently manage its vast wealth. Africa is not poor because it is poor—it is poor because it cannot manage its development process. The shortages of managerial knowledge, skills, and talents are pervasive. Consequently, the region lacks the ability to organize production and run operations effectively and efficiently. The task of developing managerial manpower in Africa is not only imperative, it is urgent. After outlining theoretical and applied perspectives on management, the volume examines the public and private sector planning and management. It then explores the globalization of management technology, provides case studies of African management dilemmas, looks at management ethics and morality, and concludes with an analysis of the role of management in African national development. As the authors make clear, abundant resources will not of themselves usher in an African economic renaissance. Africa needs skills to identify and analyze its resources, to undertake investment, and to establish and run all kinds of organizations. Until Africa develops its indigenous managerial talents, development will continue to be elusive, and the process traumatizing. An important resource for scholars, students, and policy makers involved with African economic development.
Africa in the 21st Century offers a comprehensive review of development prospects in each of the major development sectors.
This Research Handbook offers contextualized perspectives on entrepreneurship in emerging economies. Emphasizing how national context profoundly shapes incentives for entrepreneurial efforts, chapters dissect the opportunities emerging from various institutions and social practices from the Middle East, North and Sub-Saharan Africa, Asia and Latin America. This Handbook is an ideal guide for researchers working on emerging economies, particularly those with an interest in global entrepreneurship.
Migrating to a different country can be difficult, especially when attempting to start a business. Africans who migrate to the UK manage to negotiate and forge relationships among themselves and with the members of their host society. In doing so, they not only demonstrate tactics to form self-employment relationships, but they also unveil socio-cultural patterns and identity formation. The Evolution of Black African Entrepreneurship in the UK explains why people leave Africa, what they encounter, their interactions with the host community, their strategies of inclusion, and perceived exclusions from the mainstream of British society. This publication also provides information on the social changes and policies that African countries are adopting to negotiate the immigration and emigration processes of the diaspora communities. Illustrating multiple aspects of Black African entrepreneurship that serve as a vehicle not only for self-employment relationships but also for the unveiling of socio-cultural patterns and identity formation, this publication covers gender biases, forced vs. voluntary migration, and diaspora entrepreneurship. It is designed for policymakers, managers, entrepreneurs, consultants, practitioners, professionals, scholars, students, and researchers.
The Definitive Guide to Doing Business in Africa For global and Africa-based companies looking to access new growth markets, Africa offers exciting opportunities to build large, profitable businesses. Its population is young, fast-growing, and increasingly urbanized--while rapid technology adoption makes the continent a fertile arena for innovation. But Africa's business environment remains poorly understood; it's known to many executives in the West only by its reputation for complexity, conflict, and corruption. Africa's Business Revolution provides the inside story on business in Africa and its future growth prospects and helps executives understand and seize the opportunities for building profitable, sustainable enterprises. From senior leaders in McKinsey's African offices and a leading executive on the continent, this book draws on in-depth proprietary research by the McKinsey Global Institute as well as McKinsey's extensive experience advising corporate and government leaders across Africa. Brimming with company case studies and exclusive interviews with some of Africa's most prominent executives, this book comes to life with the vibrant stories of those who have navigated the many twists and turns on the road to building successful businesses on the continent. Combining an unrivalled fact base with expert advice on shaping and executing an Africa growth strategy, this book is required reading for global business executives looking to expand their existing operations in Africa--and for those seeking a road map to access this vast, untapped market for the first time.
The idea that the African private sector will generate economic prosperity and social wealth—an objective many governments and foreign charitable organizations have failed to achieve—continues to attract attention in business and policy circles. Yet little research has actually been conducted on Africapitalist endeavors. With the immense popularity of sports and the many aspirations they foster, the successes and shortcomings of soccer academies have kicked their way into the spotlight. Entrepreneurial Goals breaks away from studies that focus on the international relations consequences of soccer ventures, which are often rebuked as extended forms of European colonialism and exploitation of local talent, and instead centers Ghanaian establishments and the opportunities they create for local development within their surrounding communities. Itamar Dubinsky’s extensive ethnographic research offers an innovative theoretical approach by assessing three institutions—Mandela Soccer Academy, Kumasi Sports Academy, and Unistar Soccer Academy—through an Africapitalist prism. He demonstrates that these business endeavors, when viewed from the perspective of local interests, realize many of the educational, financial, and community building ambitions of the region. This pioneering examination of locally owned academies in Ghana reflects Dubinsky’s aim of illuminating the entrepreneurs and programs whose success passes to participating youth and their families, while also exposing the contradictions of for-profit development initiatives that purport to reap collective social benefits.
This book places special focus on the importance of trust building, particularly in economies where formal legal arrangements are lacking. Taking the case of Africa, the author provides a framework of how indigenous institutions specify and define the rules, thereby allowing entrepreneurship to thrive. In particular, the book delves into the distinct evidence of institutional rivalry within Africa where competing institutions co-exist, leading to the emergence of dominant hybrid institutional forms. By placing enforcements at the heart of the issue, the author makes a convincing case for trust in a range of indigenous institutional arrangements. Based on an investigation of entrepreneurs operating across West Africa, the book explores how indigenous arrangements are sufficient in enforcing credible commitments to agreements. In the process, the author argues that trust is essential in stimulating entrepreneurial incentives in Africa. The book brings the real-world situation of local actors in live situations that almost every African entrepreneur can identify with. In a bold new step, the book attempts to show how African entrepreneurs have been able to respond to the specific socio-economic challenges of their environment and raises questions about the role of alternative indigenous institutions. For those interested in African studies, the book’s chapters and readings capture fresh insights and renewed enthusiasm for African entrepreneurship.
New small business owners are constantly pressured to play a major role in the economic growth of their respected nation. However, revitalizing how individuals think, research, teach, and implement performance strategies to improve the operations of these small businesses is critical to entrepreneurial success. Reshaping Entrepreneurship Education With Strategy and Innovation is an essential reference source that discusses strategies to overcome performance barriers as well as implementation of effective entrepreneurial processes based on a wide range of global issues. Featuring research on topics such as authentic leadership, business ethics, and social entrepreneurship, this book is ideally designed for entrepreneurs, business professionals, scholars, researchers, students, and practitioners seeking coverage on innovative performance operations of small businesses.
This book outlines the unique challenges and opportunities of doing business in Africa, analysing how varying degrees of development across its countries affects entrepreneurship. Taking into account historical and cultural contexts, the authors approach the topic by evaluating the different possibilities of business opportunity in Africa. Insightful contributions explore an extensive range of African countries, discussing both formal and informal entrepreneurship, as well as the different factors that influence the growing economy of Africa. African Entrepreneurship will be of interest to anyone researching the potential of doing business in Africa, as well as entrepreneurs and policy-makers looking to expand their knowledge on how businesses are managed in this region.