Mentalpreneurial Differences and Similarities: Ghanaian and United States Entrepreneurs who Start Family Businesses

Mentalpreneurial Differences and Similarities: Ghanaian and United States Entrepreneurs who Start Family Businesses

Joseph Ofori-Dankwa (Saginaw Valley State University, USA) and Kwame Boasiako Omane-Antwi (Pentecost University College, Ghana)
DOI: 10.4018/978-1-4666-7533-9.ch016
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Abstract

This chapter identifies several challenges and positive trends that family businesses in Africa face. The challenges include relative lack of capital, lack of business freedom, and the high levels of corruption. Positive trends identified include infrastructural projects associated with the Chinese investments in Africa, the role of technology as a catalyst in helping social capital build-up of women entrepreneurs, and the strong correlation of good governance factors with indicators of ease of doing business. This chapter also identifies several similarities and the few differences that American and Ghanaian entrepreneurs face. Implications for research and lessons for prospective entrepreneurs are provided.
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The Context Of Entrepreneurship In Africa

This chapter addresses the first of these gaps by describing the entrepreneurial context that family businesses in Africa operate in. Such contextualization is also important as we focus on addressing the second gap in the literature: a comparison of entrepreneurship associated with family businesses startups in the United States and Ghana. We therefore review the seven studies that we incorporated in Part One of our book. In so doing some of the chapters in this book reflect some key current and historical factors associated with the entrepreneurial context in Africa in general while some are more regional and country specific and highlight countries in North Africa (Tunisia, Libya and Egypt), West Africa (Ghana). In general the seven chapters represented in Part One of this book point to both the substantive challenges and more positive trends of the context of entrepreneurship.

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