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Academic literature on the topic 'Small business – Ghana – Management'
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Journal articles on the topic "Small business – Ghana – Management"
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Amo Yartey, Charles. "Small business finance in Sub‐Saharan Africa: the case of Ghana." Management Research Review 34, no. 2 (2011): 172–85. http://dx.doi.org/10.1108/01409171111102795.
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PurposeThis paper aims to examine how unlisted companies in Ghana finance their growth and to what extent do they rely on internal finance relative to external sources of finance. Additionally, the paper seeks to investigate the determinants of the capital structure of unlisted companies in Ghana.Design/methodology/approachThe paper uses the Singh‐Hamid methodology as well as panel data techniques to evaluate the financing decisions of unlisted companies in Ghana.FindingsThe analysis shows that unlisted firms in Ghana finance most of their growth from external debt and they are also characterized by shorter debt maturity. The results also show that the dominant factors affecting the debt equity ratios of unlisted firms in Ghana are size, firm growth, tangibility, profit margin, and financial development.Research limitations/implicationsOverall, the evidence in this paper suggests that standard models of corporate finance can be applicable to unlisted companies in Ghana.Practical implicationsInformative when planning for future development of the small business sector of the Ghanaian economy.Originality/valueProvides empirical evidence on how unlisted companies in Ghana finance their growth and what determines their capital structure.
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Addae-Boateng, Samuel, and Smile Gavua Dzisi. "Innovation enhancement in family business SMEs in Ghana." International Journal of Innovation Science 8, no. 4 (2016): 388–403. http://dx.doi.org/10.1108/ijis-07-2016-0014.
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Purpose Family businesses are essential for economic growth and development through new business start-ups (entrepreneurship) and growth of existing ones. As competition is fierce, the ability of a company to buoy up its business practices and exceed its own – and its competition’s – expectations through innovation – is critical to survival. In managing family businesses (mostly small and medium-sized enterprises [SMEs]) in the current globally competitive landscape, entrepreneurs must be creative and behave in ways that galvanize workers to be innovative. This study attempts to ascertain the strategies management adopt to heighten innovation in family businesses. Design/methodology/approach Both qualitative and quantitative techniques were used for gathering and analysing data based upon which conclusions were drawn. Findings The study revealed that seven factors should be assessed by SMEs that are family firms to determine the innovative ideas that are promising to be pursued, which are the uniqueness of the idea, its market potential, cost, expert advice, the impact of both current and future environmental forces, availability of raw materials and supplies and the idea’s future appeal. Originality/value This is perhaps the first detailed study of strategies that could be adopted by entrepreneurs and/or managers to heighten innovation in small and medium family firms, which also points out the factors/criteria used to determine which initiatives have higher chances of success – hence deserving to be pursued.
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Ansong, Georgina. "Debt Management Challenges Facing Small Business Holders of Kaneshie Market, Accra-Ghana." American Journal of Industrial and Business Management 11, no. 07 (2021): 785–803. http://dx.doi.org/10.4236/ajibm.2021.117049.
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Agyapong, Ahmed, and Raheema Boakye Boamah. "Business Strategies And Competitive Advantage Of Family Hotel Businesses In Ghana: The Role Of Strategic Leadership." Journal of Applied Business Research (JABR) 29, no. 2 (2013): 531. http://dx.doi.org/10.19030/jabr.v29i2.7654.
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<span style="font-family: Times New Roman; font-size: small;"> </span><p style="margin: 0in 0.5in 0pt; text-align: justify; mso-pagination: none;" class="MsoNormal"><span style="font-family: Times New Roman;"><span style="color: black; font-size: 10pt; mso-fareast-font-family: Calibri;">Although family businesses contribute largely to the world output, little is known in literature about their mode of operations in the family hotels. </span><span lang="EN-GB" style="color: black; font-size: 10pt; mso-fareast-font-family: Calibri; mso-ansi-language: EN-GB;">The study aims to address the knowledge deficit on this critical component of the economy by investigating the experiences of family hotels in Ghana to gain a better understanding of the factors that facilitate the competitive positioning of family businesses. This paper investigates the moderating influence of strategic leadership on business strategies and performance of family hotel businesses in Ghana. </span><span style="color: black; font-size: 10pt; mso-fareast-font-family: Calibri;">The findings indicate that cost leadership, differentiation and strategic leadership enhance the performance of family hotel businesses in Ghana. It further showed that strategic leadership moderate the influence of both cost leadership and differentiation strategies on the performance of family hotel businesses</span></span></p><span style="font-family: Times New Roman; font-size: small;"> </span>
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Adzroe, Erik, and Bankole Awuzie. "Leveraging e-business technology for construction procurement improvement: Qualitative perspectives from Ghana." International Journal of Construction Supply Chain Management 8, no. 1 (2018): 43–59. http://dx.doi.org/10.14424/ijcscm801018-43-59.
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e-Business technology adoption within the Ghanaian construction context has been described as abysmal, particularly among Ghanaian construction micro and small businesses (GCMSBs). Elucidating the salience of e-business technology in engendering construction procurement improvement, this study focuses on the development of capability within GCMSBs to engage with, and benefit from, the adoption of such technologies. The study adopts a qualitative multi-case study research design. Consequently, three (3) projects were selected based on pre-determined case selection criteria. Forty-five (45) interviewees were recruited from the projects and government agencies in a manner suggestive of purposive sampling. Excerpts from the interview sessions were transcribed and subsequently, analysed through thematic analysis. Findings confirmed that the absorptive capability of GCMSBs were indeed at a low level due to inadequate training and education, and; non-investment in capability development. A conceptual model to facilitate the adoption process in GCMSBs was proposed. These findings, as epitomized in the conceptual framework, contribute to the burgeoning discourse on the development of innovative capabilities within Micro and Small businesses in the construction industry in developing economies. Furthermore, this study highlights the positive influence of the adoption of e-business technologies on the capacity and capability of GCSMBs. Such improvements on the part of these firms through the framework will translate into optimal working relationships between them and foreign construction firms working within the local Ghanaian context. And, through such relationships, foster growth within these GCSMBs.
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Ali, Rabi Sidi. "Determinants of female entrepreneurs growth intentions." Journal of Small Business and Enterprise Development 25, no. 3 (2018): 387–404. http://dx.doi.org/10.1108/jsbed-02-2017-0057.
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PurposeThis paper seeks to find factors that influence the growth intention of female-owned small businesses in the Ghana’s tourism sector. The purpose of this paper is to investigate why some female entrepreneurs achieve growth objectives while others do not.Design/methodology/approachIn this study, the authors seek to understand the growth intention within the tourism sector because it is not clear why some female entrepreneurs in Ghana pursue growth. The study applies quantitative techniques. A questionnaire survey was conducted with 110 female tourism entrepreneurs in Ghana. Data analysis was conducted using the non-parametric procedures of Spearman’s rank correlation.FindingsThe findings of this research reveal that female tourism entrepreneurs in Ghana feel they can expand without entrepreneurial ability(ies). However, the growth of the venture is restricted by the lack of financial resources. Opportunities in the tourism sector do generate more customers, but cannot alone determine growth intentions. Furthermore, an important finding of this study is that business advisory services do not contribute significantly to the growth intention of the venture. The research made clear that the pursuance of growth is related to different types of opportunities and finance leveraging.Research limitations/implicationsThe study has gender-specific, industry-specific, size-specific and region-specific limitations. Another limitation is focus on entrepreneurial ability, opportunity and business advisory support services as determinants of female entrepreneurs’ growth intention.Practical implicationsThis study provides useful information for government, business agencies and academics seeking reasons on why female entrepreneurs have low growth intentions. Policy measures are provided in assisting women in achieving their growth aspirational needs and suggestions are recommended to encourage women to grow their small tourism businesses.Social implicationsThe research will contribute to improve the socio-economic status of women entrepreneurs in Africa.Originality/valueThis paper addresses an under-researched area of female tourism entrepreneurs and their growth intention from the perspective of a developing country such as Ghana.
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Tsamenyi, Mathew, and Nana Yaa Antwi-Gyamfi. "mSimps: decision-making in scaling up a small business." Emerald Emerging Markets Case Studies 6, no. 2 (2016): 1–26. http://dx.doi.org/10.1108/eemcs-03-2015-0050.
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Subject area Entrepreneurship. Study level/applicability This case is suitable for graduate-level programmes in business management, as well as for executive education programmes. Case overview Mabel Simpson, the sole proprietor of the award-winning mSimps fashion accessories house in Ghana, must choose from among three options for scaling up her business: an offer from a private investor for GHS 100,000 in exchange for 51 per cent stake in mSimps; or 30 per cent stake for half the amount; an offer from a fashion industry expert for GHS 10,000 in exchange for 30 per cent ownership; or a restructuring of her business model and value chain to enable her release cash to grow her business organically. Expected learning outcomes Students should be able to: understand the interplay of choice and trade-offs in business management and apply theory-driven frameworks in making optimal choices and analytically assess instances of tension between the art (e.g. passion, emotional stakes, psychological and other influences on business management philosophies) and science (e.g. the need for business skills, use of effective models and the quest for production efficiency) of business management. Supplementary materials Teaching Notes are available for educators only. Please contact your library to gain login details or email support@emeraldinsight.com to request teaching notes. Subject code CSS 3: Entrepreneurship
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Asamany, Anita, and Sun Shaorong. "The Ripple Effects of Performance Management on Employees’Perceptions and Affective Commitment among Small and Medium Scale Enterprises (SMEs)." International Journal of Business Administration 9, no. 1 (2017): 55. http://dx.doi.org/10.5430/ijba.v9n1p55.
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Management literature acknowledges the important role played by performance management systems (PMS) in business organization, however, a little empirical studies exist in the Ghanaian context.Using a sample data of 180 from managements and staffs of thirty-eight (38) Small and Medium Scale Enterprises (SMEs), the current study presents the effects of performance management systems on employees perception and organizational commitment (affective) among Small and Medium Scale Enterprises (SMEs) located in the Greater Accra region of Ghana.Statistical Package for Social Sciences 20.0 version (SPSS) and Microsoft Word 2010 were employed for the data analysis. From the result, performance management had a positive significant relationship with employees’ perceptions and affective organizational commitment.The study further examined the mediating role of both employees’ perceptions and affective commitment on performance management towards operational performance, it was revealed that both variables positively mediate the relationship between performance management and organizational performance of the SMEs in Ghana. This indicates that SMEs in Ghana have seen the need for implementing proper performance management systems based on their own capabilities to ensure effectiveness in meeting the organizational objectives.
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Nimoh, Fred, Kofi Poku, Kwasi Ohene-Yankyera, Flemming Konradsen, and Robert C. Abaidoo. "Constraints and motivations to sanitation business in peri-urban communities in Ghana." Journal of Water, Sanitation and Hygiene for Development 4, no. 4 (2014): 692–98. http://dx.doi.org/10.2166/washdev.2014.072.
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Ghana lags behind the Millennium Development Goals' target for sanitation, despite widespread effort by the central government. Lessons from the historical shortcomings of Ghana's sanitation policy now call for public–private partnership in the management of sanitation in Ghana. Using observations and in-depth interviews with small-scale sanitation service providers, this study investigated the constraints and motivations of sanitation-related businesses in peri-urban communities in the Ningo–Prampram district of Ghana. Both quantitative and qualitative methods were used for data analyses and reporting. The study found that there exist various sanitation-related businesses such as masons/latrine builders, hardware suppliers and pit-emptier, in the study area whose activities are constrained by some financial, logistical, institutional and social challenges which limit their performance. Nonetheless, the operation of a sanitation business in the study communities was found profitable, and service providers are motivated by the financial returns and other non-financial benefits to remain and continue in their respective businesses. Policy efforts by the government and other stakeholders toward addressing the constraints to sanitation business are crucial for increased private sector participation and better service delivery to all stakeholders in the sanitation market, and the Ghanaian economy as a whole.
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Owusu, Prince Kelvin. "Assessing the Implementation of Business Process Management on Selected Small and Medium Enterprises in Ghana." Asian Journal of Applied Science and Technology 04, no. 03 (2020): 82–90. http://dx.doi.org/10.38177/ajast.2020.4312.
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