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Ghanaian And Kenyan Entrepreneurs: A Comparative Analysis Of Their Motivations, Success Characteristics And Problems

Author

Listed:
  • HUNG MANH CHU

    (Department of Management, West Chester University, West Chester, PA 19383, USA)

  • CYNTHIA BENZING

    (Department of Economics and Finance, West Chester University, West Chester, PA 19383, USA)

  • CHARLES MCGEE

    (Department of Management, West Chester University, West Chester, PA 19383, USA)

Abstract

Three hundred and fifty-six entrepreneurs from Kenya and Ghana were surveyed to determine their motivation for business ownership, variables contributing to their business success, and the problems they encountered. Kenyan and Ghanaian entrepreneurs indicated that increasing their income and creating jobs for themselves were leading factors motivating them to become business owners. Hard work and good customer service were cited by both Kenyan and Ghanaian business owners as critical for their success. But, compared to the Kenyan entrepreneurs, Ghanaians weighed support from family and friends and external relationship building as more important. A weak economy is the most important problem preventing entrepreneurs of both countries from achieving their goals. Ghanaian entrepreneurs were more concerned about the inability to obtain capital, while Kenyan entrepreneurs were more concerned about government regulations and problems related to business location.

Suggested Citation

  • Hung Manh Chu & Cynthia Benzing & Charles Mcgee, 2007. "Ghanaian And Kenyan Entrepreneurs: A Comparative Analysis Of Their Motivations, Success Characteristics And Problems," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 12(03), pages 295-322.
    • Handle: RePEc:wsi:jdexxx:v:12:y:2007:i:03:n:s1084946707000691
    DOI: 10.1142/S1084946707000691
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    References listed on IDEAS

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    1. International Finance Corporation, 2000. "Paths Out of Poverty : The Role of Private Enterprise in Developing Countries," World Bank Publications - Books, The World Bank Group, number 14041.
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    Cited by:

    1. Lucia Dalla Pellegrina & Giorgio Di Maio & Paolo Landoni & Emanuele Rusinà, 2021. "Money management and entrepreneurial training in microfinance: impact on beneficiaries and institutions," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 38(3), pages 1049-1085, October.
    2. Wood, Matthew S. & Bradley, Steven W. & Artz, Kendall, 2015. "Roots, reasons, and resources: Situated optimism and firm growth in subsistence economies," Journal of Business Research, Elsevier, vol. 68(1), pages 127-136.
    3. Ju Hyoung Park & Hyun-Young Park & Ho-Young Lee, 2018. "The Effect of Social Ties between Outside and Inside Directors on the Association between Corporate Social Responsibility and Firm Value," Sustainability, MDPI, vol. 10(11), pages 1-24, October.
    4. Elijah Yendaw, 2022. "Driving factors and sources of capital for immigrant entrepreneurs in Ghana," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 12(1), pages 53-69, December.
    5. Dawoud Almohammad & Omar Durrah & Taher Alkhalaf & Mohamad Rashid, 2021. "Entrepreneurship in Crisis: The Determinants of Syrian Refugees’ Entrepreneurial Intentions in Turkey," Sustainability, MDPI, vol. 13(15), pages 1-16, August.
    6. Ivan Stefanovic & Sloboda Prokic & Ljubodrag Rankovic, 2010. "Motivational and success factors of entrepreneurs: the evidence from a developing country," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 28(2), pages 251-269.
    7. Mamman, Aminu & Bawole, Justice & Agbebi, Motolani & Alhassan, Abdul-Razak, 2019. "SME policy formulation and implementation in Africa: Unpacking assumptions as opportunity for research direction," Journal of Business Research, Elsevier, vol. 97(C), pages 304-315.
    8. Godfrey Tambudzayi Musabayana & Emmanuel Mutambara & Tony Ngwenya, 2022. "An empirical assessment of how the government policies influenced the performance of the SMEs in Zimbabwe," Journal of Innovation and Entrepreneurship, Springer, vol. 11(1), pages 1-21, December.
    9. Sukhjeet Kaur Matharu & Divya Juneja, 2023. "The Influence of Perceived Motivational Factors on Success of Women-Driven Ventures and Their Contribution in Economic Development," Vision, , vol. 27(5), pages 616-627, November.
    10. Muduli, Silu & Dash, Shridhar Kumar, 2017. "Inter-temporal Calculative Trust Design to Reduce Collateral Need for Business Credits," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 38(1 and 2), pages 65-83.
    11. Genoveva Genoveva & Filbertha Nathania Kartawaria, 2020. "Asian and African Business Students: A Comparative Analysis of their Motivation, Family Support and Culture on Business Orientation," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 109-123.
    12. Dmitry Khanin & Robert Rosenfield & Raj V. Mahto & Cherry Singhal, 2022. "Barriers to entrepreneurship: opportunity recognition vs. opportunity pursuit," Review of Managerial Science, Springer, vol. 16(4), pages 1147-1167, May.
    13. Charles Ackah & Richard Osei Bofah & Derek Asuman, 2017. "Who Are Africa’S Entrepreneurs? Comparative Evidence From Ghana And Uganda," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 22(04), pages 1-23, December.
    14. Kubilay Gok & Orhan Kara & Sangeetha Lakshman & Ozgur Demirtas & Hung M. Chu, 2021. "A Factor Analysis of the Entrepreneurial Success, Motivation andProblems Faced: The Case of Chinese Entrepreneurs," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 7(2), pages 165-193, July.
    15. Obi Berko Obeng Damoah & Augustine Awuah Peprah, 2021. "Synthesis of small and medium enterprise research in Ghana," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 11(1), pages 451-468, December.
    16. Samia Shabnaz & Nazrul Islam, 2021. "A Study on Entrepreneurial Intention of University Students in Bangladesh," International Business Research, Canadian Center of Science and Education, vol. 14(10), pages 1-13, October.
    17. Kiss, Andreea N. & Danis, Wade M. & Cavusgil, S. Tamer, 2012. "International entrepreneurship research in emerging economies: A critical review and research agenda," Journal of Business Venturing, Elsevier, vol. 27(2), pages 266-290.

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