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Entrepreneurship: Does it elevate independence in a developing economy?

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dc.title Entrepreneurship: Does it elevate independence in a developing economy? en
dc.contributor.author Appiah-Nimo, Christina
dc.contributor.author Kwarteng, Michael Adu
dc.contributor.author Ofori, Daniel
dc.contributor.author Chovancová, Miloslava
dc.relation.ispartof Proceedings of the European Conference on Innovation and Entrepreneurship, ECIE
dc.identifier.issn 2049-1050 Scopus Sources, Sherpa/RoMEO, JCR
dc.identifier.isbn 978-1-912764-34-1
dc.date.issued 2019
utb.relation.volume 1
dc.citation.spage 72
dc.citation.epage 79
dc.event.title 14th European Conference on Innovation and Entrepreneurship, ECIE 2019
dc.event.location Kalamata
utb.event.state-en Greece
utb.event.state-cs Řecko
dc.event.sdate 2019-09-19
dc.event.edate 2019-09-20
dc.type conferenceObject
dc.language.iso en
dc.publisher Academic Conferences and Publishing International Limited
dc.identifier.doi 10.34190/ECIE.19.216
dc.subject developing economies en
dc.subject entrepreneurship en
dc.subject Ghana en
dc.subject motivation en
dc.description.abstract Policy makers regard training more entrepreneurs as a source of transforming an economy. This view does bury the notion of 'white coloured '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 'doing something creative or innovate' 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. © Proceedings of the 14th European Conference on Innovation and Entrepreneurship, ECIE 2019. All rights reserved. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1009214
utb.identifier.obdid 43880881
utb.identifier.scopus 2-s2.0-85073347571
utb.source d-scopus
dc.date.accessioned 2019-11-20T10:30:29Z
dc.date.available 2019-11-20T10:30:29Z
utb.contributor.internalauthor Appiah-Nimo, Christina
utb.contributor.internalauthor Kwarteng, Michael Adu
utb.contributor.internalauthor Chovancová, Miloslava
utb.fulltext.affiliation Christina Appiah-Nimo 1, Michael Adu Kwarteng 1, Daniel Ofori 2, Miloslava Chovancova 1 1 Tomas Bata University in Zlin, Czech Republic 2 University of Cape Coast, Ghana appiah_nimo@utb.cz kwarteng@utb.cz dofori@ucc.edu.gh chovancova@utb.cz
utb.fulltext.dates -
utb.fulltext.sponsorship This work was supported by the Internal Grant Agency of the Faculty of Management and Economics (FaME) through Tomas Bata University in Zlin. No.: IGA/FaME/2029/008 Project title: Country-of-origin effect on domestic product (brand) purchasing intention and SME sustainability in developing countries.
utb.scopus.affiliation Tomas Bata University in Zlin, Czech Republic; University of Cape Coast, Ghana
utb.fulltext.projects IGA/FaME/2029/008
utb.identifier.jel -
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