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Contextual Influences on New Technology Ventures: A Study of Domestic Firms in Ghana

Amankwah-Amoah, Joseph, Hinson, Robert E. (2019) Contextual Influences on New Technology Ventures: A Study of Domestic Firms in Ghana. Technological Forecasting & Social Change, 143 . pp. 289-296. ISSN 0040-1625. (doi:10.1016/j.techfore.2019.01.019) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided. (Contact us about this Publication)
Official URL
https://dx.doi.org/10.1016/j.techfore.2019.01.019

Abstract

This study examines the mechanisms and processes that explain the contextual influences on the development of new technology ventures. Based on interviews with technology entrepreneurs in Ghana, we developed a three-phase dynamic process model that demonstrates how institutional factors interact with firm-specific factors to influence entrepreneurial development. We identified constraints such as lack of access to financial credit, inadequate infrastructure, and human capital and resource constraints in Phase I, followed by formulating post-formation strategy in Phase II. Phase III focused on strategies for overcoming the constraints through innovations, leveraging new technologies and different financing models to outwit incumbents. The implications of the analysis for the sector and promising opportunities for future research are also outlined.

Item Type: Article
DOI/Identification number: 10.1016/j.techfore.2019.01.019
Uncontrolled keywords: Innovation management, National innovation systems, Foresight, New technology ventures, Africa, Ghana
Subjects: H Social Sciences
Divisions: Faculties > Social Sciences > Kent Business School > International Business and Strategy
Depositing User: Joseph Amankwah-Amoah
Date Deposited: 18 Jan 2019 19:47 UTC
Last Modified: 15 Jul 2019 08:50 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/71721 (The current URI for this page, for reference purposes)
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