Rural Entrepreneurship in African Countries: A Synthesis of Related Literature

Boohene, Rosemond; Agyapong, Daniel

doi:10.15640/jsbed.v5n1a5

Cited by 12 publications

(9 citation statements)

References 45 publications

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“…Thus, the familiar axiom of the invention usually used in the description of an entrepreneur is now more conceptualized as an individual's capability to produce a new business venture. For instance, Boohene and Agyapong (2017) argued entrepreneurship is a self-driven practice and procedure of consistent wealth creation by an individual/s who undertakes risky entrepreneurial venture through the commitment of time and process for the production of value and result-oriented business outcomes.…”

Section: Entrepreneurship Explainedmentioning

confidence: 99%

Student entrepreneurship mindset and social entrepreneurship pedagogy in a global health pandemic in Lagos State University, Nigeria

Adewumi¹,

Naidoo²

2022

JESI

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The study interrogates the contention that social entrepreneurship pedagogy plays an essential role in developing students' entrepreneurial mindset in a Covid-19 era from the perspective of the Lagos State University, Nigeria. The exploratory design was employed to harness new knowledge from existing literature. A total of 18 final-year students were purposively and conveniently for an interview, and data were analyzed with the NVivo (v.12) qualitative software. Results reveal a lack of pedagogy initiatives in delivering teachings and learning such as seminars/workshops, networking, internships and case studies, the absence of a conventional department of entrepreneurship education and a lack of appropriate entrepreneurship education curriculum for the development of students' entrepreneurship mindsets. Notably, the fallout from the Covid-19 pandemic has shown that students can revive the Nigerian economy with a positive outlook due to their entrepreneurial mindset. The study echoes the need for the constitution of appropriate pedagogy initiatives and relevant course contents and curriculum that could steer a robust students' entrepreneurial mindset for venture creation and economic development amidst the prevailing loss of jobs in this epoch of

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Section: Entrepreneurship Explainedmentioning

confidence: 99%

Student entrepreneurship mindset and social entrepreneurship pedagogy in a global health pandemic in Lagos State University, Nigeria

Adewumi¹,

Naidoo²

2022

JESI

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“…Rural entrepreneurs are different from other types of entrepreneurs, as they utilize and develop local resources to grow the local economy (Korsgaard et al, 2015;Müller & Korsgaard, 2018;Soleymani et al, 2021). Small businesses in rural communities play a key role in achieving global sustainable economic development because they are the driving force of poverty reduction, job creation, resiliency, and economic development (Achua & Lussier, 2014;Blankson et al, 2018;Boohene & Agyapong, 2017;A. Crawford & Barber, 2020;Fortunato, 2014;Paynter et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

Rural Entrepreneurship Success Factors: An Empirical Investigation in an Emerging Market

Gyimah¹,

Lussier

2021

Journal of Small Business Strategy

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Small businesses in rural communities play a key role in achieving global sustainable economic development because they are the driving force of poverty reduction, job creation, resiliency, and economic development. This study examines the factors that drive the success or failure of small businesses in rural communities in an emerging market. The methodology is survey interview research using a logistic regression model to test the Lussier success vs failure prediction model with a sample of 230 businesses (successful n = 120, failed n = 110) from the rural communities in an emerging market. This study supports the Lussier model validity (p < 0.01) with a high overall accuracy of 71% in predicting a venture as successful or failed. Capital, industry experience, staffing, and marketing skills are the most significant (t-values < .05) factors that distinguish successful from failed rural businesses in an emerging market. The findings can help future, and nascent rural entrepreneurs avoid failure and successfully contribute to economic development. Implications for government agencies, public regulatory bodies, financial institutions, investors, suppliers, educators, professional institutions, and society, as well as limitations and future research, are presented. This study also contributes to the international validity of the Lussier model that can be used in both advanced and developing economies, and it contributes to the development of theory.

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“…Rural development is a vicious cycle in which a lack of a critical mass of services and infrastructure leads to a lower rate of business creation, and fewer job opportunities cause out-migration and aging (Paniagua, 2013;Pato and Teixeira, 2016). Consequently, more rural families are migrating to cities considering better public services and employment opportunities, which brings congestion, corruption and poverty to urban areas (Musemwa, 2010;Boohene and Agyapong, 2017). Rural entrepreneurship or self-employment (hereafter, entrepreneurship) has become part of the agenda of some governments and institutions (e.g., OECD, FAO, and UN) as an important factor in promoting rural development.…”

Section: Introductionmentioning

confidence: 99%

Social Capital, Financial Literacy, and Rural Household Entrepreneurship: A Mediating Effect Analysis

Zhao

Tian-cheng

2021

Front. Psychol.

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In rural areas, entrepreneurship helps lift households out of poverty by alleviating unemployment and increasing income, and financial literacy plays an important role in promoting entrepreneurship. Social capital is a resource embedded in social relationships, the boundaries of which have been expanded by the development of information communications technologies (ICTs). This article aims to link social capital, financial literacy, and rural entrepreneurship through a partial mediating effect analysis. Using data from the 2015 China Household Finance Survey (CHFS), we analyze how social capital affects rural entrepreneurship and the role of local ICTs development in this effect while also accounting for reverse causality. We construct a social capital indicator, mainly referring to bridging social capital, and two financial literacy indicators to make the conclusions robust. The empirical results show that social capital promotes rural entrepreneurship by sharing financial literacy. Furthermore, the spread of ICTs enhances this mediating effect. Our study provides empirical evidence for encouraging entrepreneurship and promoting knowledge sharing and implies the importance of ICTs in promoting entrepreneurship in rural areas.

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Rural Entrepreneurship in African Countries: A Synthesis of Related Literature

Cited by 12 publications

References 45 publications

Student entrepreneurship mindset and social entrepreneurship pedagogy in a global health pandemic in Lagos State University, Nigeria

Student entrepreneurship mindset and social entrepreneurship pedagogy in a global health pandemic in Lagos State University, Nigeria

Rural Entrepreneurship Success Factors: An Empirical Investigation in an Emerging Market

Social Capital, Financial Literacy, and Rural Household Entrepreneurship: A Mediating Effect Analysis

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