Economics at your fingertips  

Contextual influences on new technology ventures: A study of domestic firms in Ghana

Amankwah-Amoah, Joseph and Robert E. Hinson

Technological Forecasting and Social Change, 2019, vol. 143, issue C, 289-296

Abstract: This study examines the mechanisms and processes that explain the contextual influences on the development of new technology ventures. Based on interviews with technology entrepreneurs in Ghana, we developed a three-phase dynamic process model that demonstrates how institutional factors interact with firm-specific factors to influence entrepreneurial development. We identified constraints such as lack of access to financial credit, inadequate infrastructure, and human capital and resource constraints in Phase I, followed by formulating post-formation strategy in Phase II. Phase III focused on strategies for overcoming the constraints through innovations, leveraging new technologies and different financing models to outwit incumbents. The implications of the analysis for the sector and promising opportunities for future research are also outlined.

Keywords: Innovation management; National innovation systems; Foresight; New technology ventures; Africa; Ghana (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Technological Forecasting and Social Change is currently edited by Fred Phillips

More articles in Technological Forecasting and Social Change from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

Page updated 2019-08-24
Handle: RePEc:eee:tefoso:v:143:y:2019:i:c:p:289-296