A Case Study on the Dual Effect of External Support and Implications on Small Business Growth, Entrepreneurial Creativity and Performance

Mambula, Charles J.

doi:10.1300/j156v05n02_11

Cited by 3 publications

(8 citation statements)

References 17 publications

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“…In sum, the findings suggest that the uncertain but opportunity-rich environment of Kenya, can be important stimuli for firms to engage in CE. Such findings also support previous findings that increased dynamism in the external environment can lead to increased entrepreneurial postures (Antoncic and Hisrich, 2001;de Villiers-Scheepers , 2012;Mambula, 2004;Zahra, 1991).…”

Section: Perceptions Of Market and Environmental Dynamismsupporting

confidence: 91%

“…For instance, Firm C used the government funding to establish their R&D centre, while Firms A, D and E used tax incentives to develop the entrepreneurial competencies of their employees through creativity and innovativeness training programmes. Broadly, the above findings support in part the conclusions of previous research regarding the impact of government support initiatives (Madichie et al, 2013;Mambula, 2004;Neshamba, 2006;Turró et al, 2014).…”

Section: The Time From Idea To Market Is Much Much Easier "supporting

confidence: 86%

“…Africa's external environment can also present several challenges to the development of CE among African firms. In difficult, dynamic environments such as Africa, firm entrepreneurial activity requires higher access to financial capital as well formalized procedures and legal procedures and protection (Khayesi and George, 2014;Frank, Kessler and Fink, 2010;Mambula, 2004). Yet, institutional weakness in regulatory and capital markets throughout Africa, may limit the availability of credit and private equity investment necessary to finance CV activities (Khayesi et al, 2014;Fisman, 2001).…”

Section: Institutions Africa and Corporate Entrepreneurshipmentioning

confidence: 99%

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The Kenyan Environment’s Influence on the Emergence and Development of Corporate Entrepreneurship Among SMEs

Mustafa

Hughes

2018

African Entrepreneurship

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What environmental factors enable corporate entrepreneurship (CE) among African SMEs. CE helps firms to recognize and exploit new opportunities, and is particularly valuable for forms in turbulent, dynamic, or highly volatile environments of Africa. However, to date there is a dearth of research which considers the unique features of the African environmental context and their influence on the CE. To address this gap in our empirical knowledge, this study draws on Institutional Theory to examine the influence of the external environment on the emergence and development of CE among African SMEs. Given the exploratory nature of the study, a multiple case study approach was adopted. Five SMEs from Kenya's services sector formed the basis for empirical enquiry. Kenyan entrepreneurial attitudes and values along with increasing market and environmental dynamism were found to condition the emergence of CE activities among SMEs, while individual and firm-level networks and social capital, as well as deregulation of the Kenyan environment and government support initiatives were perceived as important factors that facilitate CE among SMEs. The study's findings enrich our understanding of the contingent nature of entrepreneurial activity, suggesting that African context matters. It also adds to the growing body of literature on the importance of entrepreneurship in Africa.

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Section: Perceptions Of Market and Environmental Dynamismsupporting

confidence: 91%

Section: The Time From Idea To Market Is Much Much Easier "supporting

confidence: 86%

Section: Institutions Africa and Corporate Entrepreneurshipmentioning

confidence: 99%

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The Kenyan Environment’s Influence on the Emergence and Development of Corporate Entrepreneurship Among SMEs

Mustafa

Hughes

2018

African Entrepreneurship

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“…Though many studies consider what barriers firms face, few Nigeria-focused papers effectively measure the impact of different constraints on a group of firms and none appear to consider what factors vary the impact of constraints between different firms or the extent to which funding results in behaviours that overcome them. A far from exhaustive list of general barriers which may impact additionality includes: lack of management experience, poor location and regulation, general economic conditions, poor infrastructure, corruption, low demand for products and services, poverty (Okpara and Wynn, 2007), inadequate supply of electricity and water, poor road network, access to raw material and market, (Nneka, 2015) lack of action plan, lack of marketing skill, lack of research appreciation and technical expertise (Ezekiel et al , 2016), bias against domestically produced goods, lack of access to foreign exchange, competition from large firms, unfavourable government policies (Mambula, 2004) and unreliable power supply (Ofoegbu, et al , 2013). Each of these constraints may inform research into additionality if it can be determined that they affect firms differently and can be overcome with finance, but no such study appears to have been conducted.…”

Section: Literature Reviewmentioning

confidence: 99%

“…One study, conducted by Mambula in 2004, directly considered how firms use funding to overcome barriers through a case study that was contextualised in broad statistical data. It investigated ‘how the advantage of securing external support has helped entrepreneurs cope with the kinds of external and internal obstacles that limit growth’ (Mambula, 2004). Unfortunately, the study does not specify the extent of financial support the firm received and noted that the firm had political connections which ensured its success.…”

Section: Literature Reviewmentioning

confidence: 99%

Supporting entrepreneurs when it matters: optimising capital allocation for impact

Burton

2020

JEPP

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PurposeThis paper argues that policymakers and academics should place more emphasis on maximising the additional benefit created by entrepreneurial support programs and impact investments. It demonstrates a robust approach to advancing this field of research by using qualitative methods to determine the variables that may predict the additional benefit a firm will gain from funding.Design/methodology/approachThe research is based on 60 semi-structured interviews averaging 1.5 h each; 45 with entrepreneurs that did or did not receive funding from a business plan competition in Nigeria, 15 with relevant elites. Detailed World Bank panel data on program participants further validated responses and supported conclusions.FindingsNumerous factors that may explain additional benefit were uncovered, including those that vary the need for external funding and those that vary access to it.Research limitations/implicationsQualitative methods explored variables previously assumed to be unobservable. Future studies are necessary to test the results quantitatively.Social implicationsUnderstanding the characteristics that indicate ex ante which firms would most benefit from support will help policymakers, impact investors and development institutions to more effectively allocate capital.Originality/valueThis paper addresses the paucity of research into increasing additional impact and demonstrates the value of pursuing it. Methods used to suggest additionality variables for such programs and many of the factors highlighted are unique to this study. The research is also based on unique access to the participants and un-anonymised data from a significant World Bank study, and on substantially more interviews than previous papers.

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Do Entrepreneurial Financial Support and Entrepreneurial Culture Stimulate New Venture Performance through Organizational Creativity and Firm Innovation? Empirical Findings from Ho Chi Minh City Region, Vietnam

Thai,

Mai

2024

Sustainability

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In the COVID-19 pandemic phase, entrepreneurial financial support and entrepreneurial culture play a major part in stimulating entrepreneurship. However, it is still unclear how entrepreneurial financial support and entrepreneurial culture affect organizational creativity and firm innovation, and whether they enhance new venture performance. To answer these timely inquiries, this study adopted the resource-based view (RBV) theory to investigate the influences of entrepreneurial financial support and entrepreneurial culture on new venture performance through organizational creativity and firm innovation. Based on 315 responses collected from the entrepreneurs of new ventures operating in the Ho Chi Minh City region, Vietnam, a quantitative approach and the partial least squares structural equation modeling (PLS-SEM) were employed for data analysis. The findings illustrated that all the proposed hypotheses were completely supported, except the effect of entrepreneurial financial support on new venture performance through organizational creativity. Moreover, firm innovation had the strongest direct effect on new venture performance, while organizational creativity and firm innovation partially mediated associations between entrepreneurial financial support, entrepreneurial culture, and new venture performance. Therefore, this study solved existing debates in the literature, while developing the resource-based view (RBV) theory in the context of entrepreneurship. In the post-COVID-19 epidemic stage, it provides a new understanding for administrators and other participants to create and promote effective financial support systems and national cultures which stimulate entrepreneurship, concurrently offering new ventures with rational approaches to utilize those external resources to develop their organizational creativity and firm innovation for improving their performance.

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A Case Study on the Dual Effect of External Support and Implications on Small Business Growth, Entrepreneurial Creativity and Performance

Cited by 3 publications

References 17 publications

The Kenyan Environment’s Influence on the Emergence and Development of Corporate Entrepreneurship Among SMEs

The Kenyan Environment’s Influence on the Emergence and Development of Corporate Entrepreneurship Among SMEs

Supporting entrepreneurs when it matters: optimising capital allocation for impact

Do Entrepreneurial Financial Support and Entrepreneurial Culture Stimulate New Venture Performance through Organizational Creativity and Firm Innovation? Empirical Findings from Ho Chi Minh City Region, Vietnam

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