Understanding the Rise of African Business: In Search of an Analytical Framework

Kaja Tvedten Jorem, Søren Jeppesen, Michael W. Hansen

    Research output: Working paperResearch

    Abstract

    In light of recent enthusiasm over the African private sector, this paper reviews the existing empirical literature on successful African enterprises and proposes an analytical framework for understanding African firm success. Overall, it is argued that we need to develop an understanding of African firm strategy and performance that takes into account the specificities of the African business environment and African firm capabilities. The paper starts by juxtaposing the widespread pessimistic view of African business with more recent, optimistic studies on African firms’ performance. The latter suggests that profound improvements in African business performance are indeed under way: with the private sector playing a more important role as an engine of growth, with the rise of a capable African
    entrepreneurial class, and with the emergence of dynamic and competitive African enterprises. The paper proceeds to review the limited research on factors shaping the performance of African enterprises. It is observed that particularly the strategic component is often overlooked as is the role of internal capabilities and resources of African enterprises. Based on this identification of voids in the literature, the authors suggest an analytical framework for understanding African business performance, underlining the interplay between contextual specificities, firm capabilities, and firm strategy.
    Original languageEnglish
    Place of PublicationFrederiksberg
    PublisherCentre for Business and Development Studies, CBS
    Number of pages25
    Publication statusPublished - 2012
    SeriesCBDS Working Paper Series
    NumberWorking Paper nr. 2 2012

    Bibliographical note

    CBS Library does not have access to the material

    Cite this

    Jorem, K. T., Jeppesen, S., & Hansen, M. W. (2012). Understanding the Rise of African Business: In Search of an Analytical Framework. Frederiksberg: Centre for Business and Development Studies, CBS. CBDS Working Paper Series, No. Working Paper nr. 2 2012
    Jorem, Kaja Tvedten ; Jeppesen, Søren ; Hansen, Michael W. / Understanding the Rise of African Business : In Search of an Analytical Framework. Frederiksberg : Centre for Business and Development Studies, CBS, 2012. (CBDS Working Paper Series; No. Working Paper nr. 2 2012).
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    Jorem, KT, Jeppesen, S & Hansen, MW 2012 'Understanding the Rise of African Business: In Search of an Analytical Framework' Centre for Business and Development Studies, CBS, Frederiksberg.

    Understanding the Rise of African Business : In Search of an Analytical Framework. / Jorem, Kaja Tvedten; Jeppesen, Søren; Hansen, Michael W.

    Frederiksberg : Centre for Business and Development Studies, CBS, 2012.

    Research output: Working paperResearch

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    AU - Jeppesen, Søren

    AU - Hansen, Michael W.

    N1 - CBS Library does not have access to the material

    PY - 2012

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    AB - In light of recent enthusiasm over the African private sector, this paper reviews the existing empirical literature on successful African enterprises and proposes an analytical framework for understanding African firm success. Overall, it is argued that we need to develop an understanding of African firm strategy and performance that takes into account the specificities of the African business environment and African firm capabilities. The paper starts by juxtaposing the widespread pessimistic view of African business with more recent, optimistic studies on African firms’ performance. The latter suggests that profound improvements in African business performance are indeed under way: with the private sector playing a more important role as an engine of growth, with the rise of a capable African entrepreneurial class, and with the emergence of dynamic and competitive African enterprises. The paper proceeds to review the limited research on factors shaping the performance of African enterprises. It is observed that particularly the strategic component is often overlooked as is the role of internal capabilities and resources of African enterprises. Based on this identification of voids in the literature, the authors suggest an analytical framework for understanding African business performance, underlining the interplay between contextual specificities, firm capabilities, and firm strategy.

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    Jorem KT, Jeppesen S, Hansen MW. Understanding the Rise of African Business: In Search of an Analytical Framework. Frederiksberg: Centre for Business and Development Studies, CBS. 2012.