Business Characteristics and Entrepreneurial Management Practices of Small and Medium Enterprises in Ghana
Purpose: The study employed the behavioural theory of entrepreneurship to assess the relationship between entrepreneurial management practices and the business characteristics of SMEs in Ghana. Design/methodology/approach: A total of 202 SMEs were sampled from the service, industry, and agricult...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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LPPM of Narotama University Surabaya
2022-07-01
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| Series: | IJEBD (International Journal of Entrepreneurship and Business Development) |
| Subjects: | |
| Online Access: | https://jurnal.narotama.ac.id/index.php/ijebd/article/view/1878 |
| _version_ | 1811196802003632128 |
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| author | Nicholas Kofi Nti Charles Dwumfour Osei |
| author_facet | Nicholas Kofi Nti Charles Dwumfour Osei |
| author_sort | Nicholas Kofi Nti |
| collection | DOAJ |
| description |
Purpose: The study employed the behavioural theory of entrepreneurship to assess the relationship between entrepreneurial management practices and the business characteristics of SMEs in Ghana.
Design/methodology/approach: A total of 202 SMEs were sampled from the service, industry, and agricultural sectors in Ghana. The data was collected using a structured questionnaire and analysed using Weighted Mean, ANOVA, and Independent t-tests with Minitab 17.0 software.
Findings: the study revealed that business characteristics such as business size and sector of operations significantly affect the SMEs’ management decision-making in strategic orientation, resource orientation, management structure, and entrepreneurial culture. However, Business size and sector of operation are not necessarily significant factors influencing the SMEs’ reward philosophy and growth orientation.
Research limitations/implications: This study recognizes the need for providing SMEs with management intervention programs that train the skills of entrepreneurial management to improve their competitiveness at the global level. The study is beneficial to policymakers in Ghana such as the Ministry for Business Development, the National Board for Small Scale Industries (NBSSI), and Higher Educational institutions for the development of entrepreneurship programs.
Originality/value: The findings of the study contribute to inventive knowledge in entrepreneurial management strategies and in terms of size and business industry.
Paper type: a Research Paper
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| first_indexed | 2024-04-12T01:05:05Z |
| format | Article |
| id | doaj.art-fbeb6bc1eb184f2dbcbbbcb0ef11fba9 |
| institution | Directory Open Access Journal |
| issn | 2597-4750 2597-4785 |
| language | English |
| last_indexed | 2024-04-12T01:05:05Z |
| publishDate | 2022-07-01 |
| publisher | LPPM of Narotama University Surabaya |
| record_format | Article |
| series | IJEBD (International Journal of Entrepreneurship and Business Development) |
| spelling | doaj.art-fbeb6bc1eb184f2dbcbbbcb0ef11fba92022-12-22T03:54:18ZengLPPM of Narotama University SurabayaIJEBD (International Journal of Entrepreneurship and Business Development)2597-47502597-47852022-07-015410.29138/ijebd.v5i4.1878Business Characteristics and Entrepreneurial Management Practices of Small and Medium Enterprises in GhanaNicholas Kofi Nti0Charles Dwumfour Osei1Department of Management and General Studies, Christian Service University College, GhanaDepartment of Planning and Development,Christian Service University College, Ghana Purpose: The study employed the behavioural theory of entrepreneurship to assess the relationship between entrepreneurial management practices and the business characteristics of SMEs in Ghana. Design/methodology/approach: A total of 202 SMEs were sampled from the service, industry, and agricultural sectors in Ghana. The data was collected using a structured questionnaire and analysed using Weighted Mean, ANOVA, and Independent t-tests with Minitab 17.0 software. Findings: the study revealed that business characteristics such as business size and sector of operations significantly affect the SMEs’ management decision-making in strategic orientation, resource orientation, management structure, and entrepreneurial culture. However, Business size and sector of operation are not necessarily significant factors influencing the SMEs’ reward philosophy and growth orientation. Research limitations/implications: This study recognizes the need for providing SMEs with management intervention programs that train the skills of entrepreneurial management to improve their competitiveness at the global level. The study is beneficial to policymakers in Ghana such as the Ministry for Business Development, the National Board for Small Scale Industries (NBSSI), and Higher Educational institutions for the development of entrepreneurship programs. Originality/value: The findings of the study contribute to inventive knowledge in entrepreneurial management strategies and in terms of size and business industry. Paper type: a Research Paper https://jurnal.narotama.ac.id/index.php/ijebd/article/view/1878Business CharacteristicsEntrepreneurial ManagementGhanaManagement PracticesSmall and Medium Enterprises |
| spellingShingle | Nicholas Kofi Nti Charles Dwumfour Osei Business Characteristics and Entrepreneurial Management Practices of Small and Medium Enterprises in Ghana IJEBD (International Journal of Entrepreneurship and Business Development) Business Characteristics Entrepreneurial Management Ghana Management Practices Small and Medium Enterprises |
| title | Business Characteristics and Entrepreneurial Management Practices of Small and Medium Enterprises in Ghana |
| title_full | Business Characteristics and Entrepreneurial Management Practices of Small and Medium Enterprises in Ghana |
| title_fullStr | Business Characteristics and Entrepreneurial Management Practices of Small and Medium Enterprises in Ghana |
| title_full_unstemmed | Business Characteristics and Entrepreneurial Management Practices of Small and Medium Enterprises in Ghana |
| title_short | Business Characteristics and Entrepreneurial Management Practices of Small and Medium Enterprises in Ghana |
| title_sort | business characteristics and entrepreneurial management practices of small and medium enterprises in ghana |
| topic | Business Characteristics Entrepreneurial Management Ghana Management Practices Small and Medium Enterprises |
| url | https://jurnal.narotama.ac.id/index.php/ijebd/article/view/1878 |
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