Developing Entrepreneurship in the African Area

Ioan-David Legman
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Ioan-David Legman: Transylvania Economic College of Targu Mures

Chapter Chapter 2 in Management and Resilience of African Organizations in Times of Crisis, 2024, pp 15-35 from Springer

Abstract: Abstract Introduction: Political programs and results depend largely on the incentives faced by political leaders. The African model is vitiated by a pathological level of clientelism, which is extremely inappropriate for the business climate, investment, and development. Economic growth in recent years has failed, and unemployment, demographic change, urban-urban migration, etc. all have contributed to the current situation (Arun N, State Capture: Zuma, the Guptas, and the Sale of South Africa. BBC, 15 July 2019. https://www.bbc.co.uk/news/world-africa-48980964 ). Material and Methods: The methodology of the research was based on fundamental research, using analysis-specific procedures such as observation and reasoning. The first stage of the work was documentation, and a bibliographic documentation was needed. This was done on the basis of specialized work. The deductive method was used and observations were made at the national level with an extension in different fields of activity. Results: Aspects of the entrepreneurial environment have been identified at the level of the African continent. Conclusion: Starting a business in Africa is not a simple task, and achieving profitability and sustainability is even more difficult. Even in the most favorable business environments, about 50% of start-ups fail within 5 years (Otar C, What percentage of small businesses fail – and how can you avoid being one of them? 2018. https://www.forbes.com/sites/forbesfinancecouncil/2018/10/25/what-percentage-of-small-businesses-fail-and-how-can-you-avoid-being-one-of-them/#50d5e16143b5 ).

Keywords: Entrepreneurial environment; Sustainability; Economic efficiency (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/978-3-031-56007-1_2

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