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Content available
Article
Publication date: 8 June 2015

Felix Moses Edoho

1024

Abstract

Details

African Journal of Economic and Management Studies, vol. 6 no. 2
Type: Research Article
ISSN: 2040-0705

Content available
Article
Publication date: 24 May 2022

Felix M. Edoho

199

Abstract

Details

African Journal of Economic and Management Studies, vol. 13 no. 2
Type: Research Article
ISSN: 2040-0705

Article
Publication date: 5 April 2013

Felix M. Edoho

This paper aims to examine the challenges and opportunities for implementing ICTs in Africa. It identifies potential areas that ICTs can be targeted and implemented for maximum in…

1422

Abstract

Purpose

This paper aims to examine the challenges and opportunities for implementing ICTs in Africa. It identifies potential areas that ICTs can be targeted and implemented for maximum in the region, and offers an integrated framework that could help the region to coordinate various components and institutionalize ICTs in the economy. It is argued that Africa needs an integrated approach to leverage ICTs for socioeconomic development.

Design/methodology/approach

The paper reviews African theoretical perspectives of ICTs. Synthesizing literature on African perspectives of ICTs, an integrated framework is developed to help provide a coherent focus for the implementation of ICTs in a holistic manner.

Findings

Basic systems for leveraging ICTs for development in Africa are fragmented and uncoordinated. Critical physical infrastructure and human capacity do not work synergistically to effectively implement ICTs. Where the basic infrastructure exists, various components do not operate synergistically to engender optimal results.

Practical implications

Ideas formulated in this study will be helpful to future researchers relative to how various ICT components could be systematized and managed to stimulate sustainable socioeconomic development and structural changes in Africa. The framework will help to guide policymakers to design and implement ICT‐friendly policies and strategies.

Originality/value

A systemic framework is developed to help policymakers in Africa to institutionalize ICTs in their economies.

Details

African Journal of Economic and Management Studies, vol. 4 no. 1
Type: Research Article
ISSN: 2040-0705

Keywords

Content available
Article
Publication date: 5 April 2013

John Kuada

433

Abstract

Details

African Journal of Economic and Management Studies, vol. 4 no. 1
Type: Research Article
ISSN: 2040-0705

Content available
Article
Publication date: 1 February 2002

93

Abstract

Details

Foresight, vol. 4 no. 1
Type: Research Article
ISSN: 1463-6689

Article
Publication date: 9 March 2015

Felix Moses Edoho

This Guest Editorial provides contextual insight to the contributions in this special issue that addresses entrepreneurship and economic growth challenge confronting Africa…

1451

Abstract

Purpose

This Guest Editorial provides contextual insight to the contributions in this special issue that addresses entrepreneurship and economic growth challenge confronting Africa. Although the contributors come from various academic disciplines and adopt different perspectives, they are united in their singularity of focus on entrepreneurship as a pathway for African future. The paper aims to discuss these issues.

Design/methodology/approach

The papers in this special issue adopt different methodological approaches that help to provide a composite insight to the multidimensional entrepreneurial challenges facing Africa. They review published materials from the government sources and international agencies. They draw heavily on the literature in the field of entrepreneurship.

Findings

African countries have made significant progress in stimulating economic growth in recent years. However, they still have a long way to go in terms of institutionalizing entrepreneurial paradigm to foster self-regenerating development. Africa needs to do more by leveraging public policy for entrepreneurial development as a pathway for expanding economic opportunities and alleviating poverty. A policy framework designed to anchor entrepreneurial culture in the economy is a key to African economic renaissance in the twenty-first century.

Originality/value

The originality and value of the papers in this issue hinge critically on the all too often ignored proposition that African countries need to embrace a proven approach to development that is both broad based and citizen driven. Entrepreneurial paradigm will empower citizens to take not only full responsibility, but more importantly inalienable ownership, of the development process. This is the only way to ensure that the ongoing much celebrated growth in Africa is sustainable.

Details

African Journal of Economic and Management Studies, vol. 6 no. 1
Type: Research Article
ISSN: 2040-0705

Keywords

Article
Publication date: 6 June 2016

Felix Moses Edoho

The purpose of this paper is to provide guidance to African governments by delineating a framework that would help them to formulate policies that have the potential to engender…

2102

Abstract

Purpose

The purpose of this paper is to provide guidance to African governments by delineating a framework that would help them to formulate policies that have the potential to engender opportunity entrepreneurship. This framework is used to critique existing entrepreneurship policy in Nigeria. Entrepreneurship policy should stimulate economic growth as a necessary condition for employment generation and poverty alleviation.

Design/methodology/approach

The paper adopts evaluative methodology. Data and information used in this paper were obtained from several secondary sources. These included literature review related to the subject area addressed; the Central Bank of Nigeria, which has designed and funded various initiatives to enable SMEs access funding for their businesses; the Nigerian National Bureau of Statistics which has conducted surveys of SMEs in the country; and the Small and Medium Enterprise Development Agency of Nigeria, which was established to help promote and develop the SME sub-sector.

Findings

The critical findings of the paper are that opportunity entrepreneurship has a better prospect of promoting growth, creating jobs and alleviating poverty than a generic MSME policy being current currently promoted. Targeted entrepreneurship policy to incentivize opportunity-oriented entrepreneurs would produce greater benefit to the economy and society. Such entrepreneurship policy should aim at motivating and facilitating the transitions of necessity entrepreneurs to opportunity entrepreneurship and microenterprises to small and medium enterprises. More importantly, entrepreneurship policy should be targeted at drastically shrinking the informal sector to the barest minimum, while helping to aggressively expand the formal sector, spur innovations, foster growth, expand opportunities and create jobs.

Research limitations/implications

The implication of this paper is the desperate need to refocus public policy on a high-impact entrepreneurship. This calls for a rethinking of existing policy and programs to address their inherent shortcomings.

Originality/value

Existing micro, small and medium enterprise (MSME) policy has not achieved the twin goals of job creation and poverty alleviation. This paper contributes to the existing body of work by providing a framework for informed decision-making relative to entrepreneurship policy that has the potential to achieve macroeconomic goals of job creation and poverty alleviation. The framework directs the attention of policymakers to opportunity entrepreneurship as a necessary focus of public policy.

Details

Journal of Entrepreneurship in Emerging Economies, vol. 8 no. 2
Type: Research Article
ISSN: 2053-4604

Keywords

Article
Publication date: 8 June 2015

Felix Moses Edoho

The purpose of this paper is to examine the impact of public policies on engendering entrepreneurship and micro, small, and medium enterprises (MSME) development in Nigeria. Gaps…

9638

Abstract

Purpose

The purpose of this paper is to examine the impact of public policies on engendering entrepreneurship and micro, small, and medium enterprises (MSME) development in Nigeria. Gaps in policies and factors that impede entrepreneurship and MSME development are identified and proposals are offered to address the impediments.

Design/methodology/approach

A thorough review of the mainstream literature on entrepreneurship and MSME development is undertaken. This constitutes the reference point for identifying and reviewing specific public policies formulated and programs designed to stimulate entrepreneurial activities and facilitate MSME development. Data were obtained from federal government agencies. This paper contends that for public policies to accomplish their designed objectives of engendering entrepreneurship and MSME development, strategic realignments of various policy dimensions and programs are imperative.

Findings

Misalignments occur when existing public policies in other domains are in conflict with policies to promote entrepreneurship and MSME development. Policy misalignments negate the profit motive of entrepreneurship; stifle business innovation and expansion; and contribute to survivalist mode of entrepreneurship in the country. This thwarts the public policy goals of creating jobs and alleviating poverty.

Practical implications

Government needs to streamline current regulatory requirements and revamp tax policies to encourage entrepreneurs and MSMEs. Improvements in infrastructure (road networks, highways, power supply, and telecommunications) will significantly reduce overhead costs for entrepreneurs and help MSMEs to grow.

Originality/value

The paper demonstrates that without strategic realignments of public policies to ensure consistency and coherency in various dimensions, efforts to promote entrepreneurship and MSME development will not yield positive results. Existing public policies and programs need to be brought into tight realignment with policies and regulations in other domains to galvanize entrepreneurial efforts.

Details

African Journal of Economic and Management Studies, vol. 6 no. 2
Type: Research Article
ISSN: 2040-0705

Keywords

Article
Publication date: 8 June 2015

John Kuada

– The purpose of this paper is to provide a classificatory framework for mapping out entrepreneurs and small businesses with growth potentials in Africa.

Abstract

Purpose

The purpose of this paper is to provide a classificatory framework for mapping out entrepreneurs and small businesses with growth potentials in Africa.

Design/methodology/approach

The study undertakes a review of the existing development economics and entrepreneurship literature to determine the need for the framework and how to proceed in developing it.

Findings

The literature review informs that although enterprise-led growth provides a greater promise for absolute poverty reduction, policymakers lack guidelines on how to identify those with highest potentials for job creation and tax revenue generation. Furthermore, African entrepreneurs can purposefully be classified in terms of their motives and degree of innovation. The classification produces a 2×2 matrix that maps out the growth capabilities of businesses found in a given country or community.

Research limitations/implications

The framework provides researchers and policymakers with descriptive categories that can guide their strategies and decisions.

Originality/value

Introducing innovation-imitation dimension into the classificatory framework extends and improves previous typologies of small enterprises available in the literature.

Details

African Journal of Economic and Management Studies, vol. 6 no. 2
Type: Research Article
ISSN: 2040-0705

Keywords

Article
Publication date: 8 June 2015

Darlene K. Mutalemwa

The purpose of this paper is to increase understanding and knowledge of the impact of globalisation on African small and medium enterprise (SME) development. The contribution of…

2685

Abstract

Purpose

The purpose of this paper is to increase understanding and knowledge of the impact of globalisation on African small and medium enterprise (SME) development. The contribution of SMEs to manufacturing industrialisation can be viewed in the context of the changing setting of globalisation. Globalisation is a description as well as a prescription. It can be broadly defined as closer economic integration as a result of rapid advances in technology, growth of world trade and competition, and policy changes towards economic liberalisation. Globalisation can also pose a challenge on how SMEs in Africa should brace themselves to respond to – and take advantages of – the changes, and carve an appropriate position in the global competitive economy.

Design/methodology/approach

The paper reviews and synthesises the eclectic literature and also draws from the experiences of both developed and developing economies.

Findings

The evidence from the literature points to several stumbling blocks that prevent African manufacturing SMEs from participating successfully in the global economy. These include problems with exports, technology, competitiveness and inter-firm linkages as well as barriers in the institutional and policy environments.

Originality/value

The paper will be useful to businesses, researchers, policy makers, civil society and others interested in understanding the impact of globalisation on manufacturing SME development.

Details

African Journal of Economic and Management Studies, vol. 6 no. 2
Type: Research Article
ISSN: 2040-0705

Keywords

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