By Leona Achtenhagen, Ethel Brundin
This ebook makes a speciality of concerns on the topic of entrepreneurship and SME administration at the African continent by way of supplying insights from varied conceptual, empirical and case stories. In doing so, it makes a speciality of context-specific demanding situations for engaging in entrepreneurial actions or enterprise endeavors in smaller organisations within the African continent. The publication responds to demands extra study approximately African companies given the acknowledgement of students, scholars and coverage makers around the globe who become aware of the expanding and turning out to be financial value of the African continent. as well as serving as a resource booklet for extra in-depth reports via aiding the reader in gaining elevated realizing of the subjects coated, complementing different elements with experiences, the e-book additionally elaborates on matters such political unrest, corruption, untrained group of workers and environmental issues. Entrepreneurship and SME administration throughout Africa: Context, demanding situations, Cases could be important to lecturers with an curiosity in numerous entrepreneurial contexts usually, and Africa specifically, and for college kids attracted to local enterprise practices, in addition to for practitioners and coverage makers.
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Extra info for Entrepreneurship and SME Management Across Africa: Context, Challenges, Cases
The chapter initially investigates the crowdfunding phenomenon and then examines the speciﬁc platforms that are currently operating in Africa. Following this, cases of successful use of crowdfunding are presented. The chapter concludes with a discussion on some of the challenges for crowdfunding in Africa. 2 The Nature of Crowdfunding Crowdfunding is a term that is used to describe the contribution of ﬁnancial resources by a group of people, that is, ‘the crowd,’ to assist in the development of a venture or to support a particular cause.
4 Education The education levels of an entrepreneur play a key role in increasing a ﬁrm’s productivity. The statistical nonsigniﬁcance of primary education in our results can be explained by the fact that entrepreneurs who have acquired basic knowledge only (that is, reading, writing and counting) lack the ability to adapt easily to changes related to a restless socioeconomic environment and this is a major handicap for the productivity of their businesses. This low level of education might be one of the main reasons for bad management (or inexperienced management) of owner-managers and bankruptcy of (small) businesses in Cameroon.
The Web site does not 3 Crowdfunding in the African Context: A New Way to Fund Ventures 41 provide any other information and no ventures are listed in which investors can invest (as of 12 December 2015). According to the Web site, the launch was scheduled for March 2014 in NYC, but no details on a new launch date are provided. 5 Startcrunch Registered in Nigeria and the USA, this reward-based platform approves projects that appear on the platform, though no projects were listed on their Web site as of July 2015.