Factors affecting entrepreneurship in Cameroon : Case study Molyko Buea
Sorshu, Elizabeth (2023)
Sorshu, Elizabeth
2023
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2023062924360
https://urn.fi/URN:NBN:fi:amk-2023062924360
Tiivistelmä
This study examined the factors affecting entrepreneurship in Cameroon, focusing on the city of Buea. The study was commissioned by an organization interested in supporting entrepreneurship in the region. A study was conducted to identify the main factors influencing affecting entrepreneurship in Buea and pro- vide recommendations for policymakers and stakeholders to improve the entrepreneurial ecosystem. The study’s theoretical framework draws upon various entrepreneurship models, including the resource-based view and the institutional theory. Besides cultural and social factors, the study looks at how entrepreneurial behavior is shaped.
The study was exploratory, where case studies were carried out using interviews to gather qualitative data from respondents. Descriptive analysis was used to analyze the data. According to the study, entrepreneurs in Buea face significant challenges in accessing finance, infrastructure, and information. A lack of role models and fear of failure are also identified as cultural and social factors that discourage entrepreneurial activity. On the positive side, the study found significant potential for entrepreneurship in Buea, with a growing ecosystem of support organizations and a young and educated population.
The study suggests the improvement of the entrepreneurial ecosystem in Buea. These recommendations include improving access to finance and infrastructure, promoting entrepreneurship education, and addressing cultural and social barriers to entrepreneurship. Study findings have implications not only for Buea but also for other cities in Cameroon and the wider African region.
The study was exploratory, where case studies were carried out using interviews to gather qualitative data from respondents. Descriptive analysis was used to analyze the data. According to the study, entrepreneurs in Buea face significant challenges in accessing finance, infrastructure, and information. A lack of role models and fear of failure are also identified as cultural and social factors that discourage entrepreneurial activity. On the positive side, the study found significant potential for entrepreneurship in Buea, with a growing ecosystem of support organizations and a young and educated population.
The study suggests the improvement of the entrepreneurial ecosystem in Buea. These recommendations include improving access to finance and infrastructure, promoting entrepreneurship education, and addressing cultural and social barriers to entrepreneurship. Study findings have implications not only for Buea but also for other cities in Cameroon and the wider African region.