Entrepreneurship: Does it elevate independence in a developing economy?

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F19%3A63524016" target="_blank" >RIV/70883521:28120/19:63524016 - isvavai.cz</a>

Výsledek na webu

<a href="http://dx.doi.org/10.34190/ECIE.19.216" target="_blank" >http://dx.doi.org/10.34190/ECIE.19.216</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.34190/ECIE.19.216" target="_blank" >10.34190/ECIE.19.216</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Entrepreneurship: Does it elevate independence in a developing economy?

Popis výsledku v původním jazyce

Policy makers regard training more entrepreneurs as a source of transforming an economy. This view does bury the notion of &apos;white coloured &apos;jobs being perceived as the most lucrative and only way to social, economic and financial freedom. As a developing economy, Ghana is no exception to the view of using entrepreneurship to transform the economy. This is evident in enterprise programmes churned out by successive governments to ease the burden on public institutions employment and also to reduce graduate unemployment in the country. The question still remains, does entrepreneurial motivational activities translate into improving the social and economic well-being (freedom) of the people? On this score, this paper sought to elicit entrepreneurial motivational factors as a yardstick for continuous economic freedom in a developing economy. To do this, a semi-structured questionnaire was formulated and administered to owners of start-ups during an entrepreneurship conference held in the capital of Ghana, Accra. The respondents had varied enterprises which gave a good representation of entrepreneurs in the country. The study used descriptive statistics in analysing the data. The results depicted various factors of entrepreneurial motivation with the desire to be a leader having the highest mean score. Thus, the assertion that people are highly motivated to be entrepreneurs by the need for independence was not entirely true. The study also found &apos;doing something creative or innovate&apos; was not the strongest motivating factor, although the concept of entrepreneurship is about creativity and innovation. It is recommended that policy makers should not only focus on pushing it citizens towards being entrepreneurs but they should also consider the motives of these entrepreneurs. Emphasis should be placed on individuals who are personally motivated and also focus on the existing enterprises which have high growth potentials of creating jobs and causing economic freedom. This could influence tailored programmes and planned support that are aimed at entrepreneurship education in tertiary institutions and small businesses or start-ups. This study helped to give insights into the zeal and preparedness exhibited by entrepreneurs to enhance their fortunes within the developing economies.

Název v anglickém jazyce

Entrepreneurship: Does it elevate independence in a developing economy?

Popis výsledku anglicky

Policy makers regard training more entrepreneurs as a source of transforming an economy. This view does bury the notion of &apos;white coloured &apos;jobs being perceived as the most lucrative and only way to social, economic and financial freedom. As a developing economy, Ghana is no exception to the view of using entrepreneurship to transform the economy. This is evident in enterprise programmes churned out by successive governments to ease the burden on public institutions employment and also to reduce graduate unemployment in the country. The question still remains, does entrepreneurial motivational activities translate into improving the social and economic well-being (freedom) of the people? On this score, this paper sought to elicit entrepreneurial motivational factors as a yardstick for continuous economic freedom in a developing economy. To do this, a semi-structured questionnaire was formulated and administered to owners of start-ups during an entrepreneurship conference held in the capital of Ghana, Accra. The respondents had varied enterprises which gave a good representation of entrepreneurs in the country. The study used descriptive statistics in analysing the data. The results depicted various factors of entrepreneurial motivation with the desire to be a leader having the highest mean score. Thus, the assertion that people are highly motivated to be entrepreneurs by the need for independence was not entirely true. The study also found &apos;doing something creative or innovate&apos; was not the strongest motivating factor, although the concept of entrepreneurship is about creativity and innovation. It is recommended that policy makers should not only focus on pushing it citizens towards being entrepreneurs but they should also consider the motives of these entrepreneurs. Emphasis should be placed on individuals who are personally motivated and also focus on the existing enterprises which have high growth potentials of creating jobs and causing economic freedom. This could influence tailored programmes and planned support that are aimed at entrepreneurship education in tertiary institutions and small businesses or start-ups. This study helped to give insights into the zeal and preparedness exhibited by entrepreneurs to enhance their fortunes within the developing economies.

Druh

D - Stať ve sborníku

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2019

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

14th European Conference on Innovation and Entrepreneurship

ISBN

978-1-912764-34-1

ISSN

2049-1050

e-ISSN

—

Počet stran výsledku

8

Strana od-do

72-79

Název nakladatele

Academic Conferences and Publishing International Limited

Místo vydání

London

Místo konání akce

Kalamata

Datum konání akce

19. 9. 2019

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

—