Casebook of indigenous business practices in Africa. Volume 2. : trade, production and financial services / edited by Ogechi Adeola.

Format:

Book

Contributor:

Adeola, Ogechi, editor.

Language:

English

Subjects (All):

Marketing.

Export marketing.

Business logistics.

Physical Description:

1 online resource (273 pages)

Edition:

1st ed.

Place of Publication:

Bingley, England : Emerald Publishing Limited, [2023]

Summary:

Indigenous enterprise practices are an essential part of business success in Africa. The continent's unique and diverse culture, embedded in age-long practices, presents an interesting proposition for advancing indigenous knowledge and building sustainable business structures.

Contents:

Cover

Casebook of Indigenous Business Practices in Africa

Introducation

Casebook of Indigenous Business Practices in Africa: Trade, Production and Financial Services - Volume 2

Copyright Page

Dedication

Table of Contents

About the Contributors

List of Contributors

Preface

Acknowledgement

1. Introduction to Casebook on Indigenous Business Practices in Africa - Volume II Trade, Production, and Financial Services

Abstract

Introduction

Culture and Indigenous Knowledge in Africa

The Theory of Indigenous Knowledge Systems in Africa

The Structure of the Book and Summary of Chapters

Part 1: Indigenous Trade Practices and Production

Part 2: Indigenous Financial Practices

Part 3: Conclusions and Recommendations

Conclusion

References

1 - Indigenous Trade Practices and Production

2. Challenges of Indigenous Black Soap (Ọsẹ Dúdú) Entrepreneurs in Southwest Nigeria

The Yoruba Ethnic Group and Indigenous Black Soap: A Brief Historical Overview

Chapter Methodology

Findings

Socio-Demographics of Producers

Socio-Demographics of Sellers

Production Challenges of Ọsẹ Dúdú

Weather Challenge

Finance Challenge

Spiritual and Antagonist Challenges

Copyright Challenge

Succession Challenge

Sale Challenges

Large Number of Sellers

Debt Issues

Lack of Support

Financial Challenge

Pricing Issue

Competition From Other Soap Brands

Discussion of Findings

Summary, Conclusion and Policy Recommendations

Policy Recommendations

Case Questions

Notes

3. Preparation for Business Negotiation at the Livestock Auction Market in Tanzania: The Case of Maasai Livestock Traders

Literature Review

Methodology

Negotiation Goals Setting.

Seeking Advice From Others

Seeking Assistance From Relatives

Apprenticeship Practices

Practical Implication

4. Sustainability of Indigenous Butchery Business in Ghana

Butchery Business in Ghana

Design and Context

Selection Criteria and Interview Guide

Results and Discussions

Demographic Statistics

Interview Results and Discussions

Start-Up

Sustainability

Benefits and Opportunities

Challenges

Solutions

Conclusion and Implications

Limitations and Further Research

5. What Is Peculiar in the Sustainability Practices of Indigenous Female Business Owners in Uganda?

Indigenous Entrepreneurship

Business Sustainability

The Uganda Indigenous Entrepreneurship Context

Case for Indigenous Female Businesses Sustainability

A Description of Three Case Studies

Case Selection

Case Profiles

Case Data Gathering

Case Data Analysis

Ethical Considerations

Best Practices Adopted by Female-Owned Businesses to Promote Business Sustainability

Epstein and Yuthas (2012)'s Enhanced Cost-Benefit Analysis

A Proposed Sustainability Scope Based on Insights of Indigenous Female Business Owners

Theme 1: Programme Activities

Theme 2: Sustainability Performance

Theme 3: Stakeholder Reactions

Theme 4: Operational Performance

Theme 5: Monetary Benefits

Recommendations for Business Actors in Africa

6. Informality, Control/Management Practices and Performance of Small Congolese Enterprises: A Focus on SMEs in the City of ...

The Context

Selected Companies

Criteria for Selecting the SMEs

Organisation of the Multi-Site Study.

Analysis of Interviews and Discussions

Accounting and Finance Practices

Ownership Structure and Organisation of Operations

Leadership Style

Impact of National Cultures and Value Systems

Informal Practices, Cultural Values and the SMEs' Performance

Note

2 - Indigenous Financial Practices

7. The Ecosystem of Indigenous Savings and Credit Association in Sierra Leone: Entrepreneurial Success or Nightmare?

An Overview of Traditional Indigenous Business Practice in Sierra Leone

Theoretical Review

ROSCAs Challenges in Sierra Leone

Tawoponneh's Model of ROSCAs in Sierra Leone

Provider of Funds

Composition

Goals and Objectives

Membership Recruitment

Services Offered

Meeting the Needs of Members

Meeting the Needs of the Community

Building a Sustainable Model

The Challenges

Sustainability of ROSCA in Sierra Leone

Financial Literacy

Collaboration With Formal Institutions

Discussions

Recommendation for Business Actors in Africa

8. Structure of Indigenous Savings Groups in Nigeria: Cases and Implications for Business Actors

Case Studies on Indigenous Savings Groups

Case 1: Neighbourhood Weekly Rotational Savings (Ajo-Etile) in Abeokuta Metropolis

Formation in an Unstructured Savings Group

Money Disbursement Process

Case 2: Monthly Rotational Savings Among Youth Corps Members in Ibadan

Outcomes of Unstructured Practices

Case 3: Association of Thrift Collectors (ATCI) Ibadan, Oyo State, Nigeria

Context of ATCI

Advantages of the Association

Assessing ATCI's Relationship With Formal Financial Institutions

Assessing Economic Outcomes.

Case 4: The Trust Fund Model and Savings Group Under the Agricultural Credit Guarantee Scheme

Context of Trust Fund Model

Establishment

Features of the Model

Modalities

Impact of TFM

Future Outlook

Discussion

Implications for Business Actors

Acknowledgements

9. Exploring the Financial Literacy of a Chama Women's Group in Rural Western Kenya

Pooling of Resources

Chama Groups

Informal Chama Women's Groups (ROSCA)

Indigenous Financial Knowledge

The Interplays Between Financial Literacy and Informal Chama Groups

State-Led and Market-Led Interventions

Financial Literacy of the Women's Chama Group

Indigenous Pedagogies With the Potential to Support the Learning of Financial Literacy

Recommendations

Case Discussion Questions

10. Rotating Stokvel Model for Entrepreneurial Success in South Africa: Validation of Constructs from a Case Study

Stokvel Model: Critique and Discourse

Four Constructs of Stokvel Operations and Performance

Stage One

Stage Two

Stage Three

Stage Four

Distribution of Samples by Location

Result and Discussion of Findings

Test of Normality

Application of Stokvel Building Constructs in the Study Area

Distribution of the Stokvel Building Constructs Across Categories of Location

Insight for Business Actors

3 - Conclusions and Recommendations

11. Internationalisation of Indigenous Agribusiness in Africa: The Case of JR Farms in Rwanda and Zambia

Country Context

The Beginnings at JR Farms

Venturing Into Rwanda.

Partnerships and Value Addition

Piloting on a Small Scale

Leveraging Government Policies

Expanding Into Zambia

Rwanda Versus Zambia

Social Branding

Shaping the JR Business Model

Indigenous Strategies

Mapping the Future

Recommendations for Agribusiness in Africa

Discussion Questions

12. Advancing Africa's Indigenous Business Practices: Recommendations for Educators and Business Actors

A Theory for Business Practices and Management in Africa

The Theory of Indigenous Business Practice

Summary of Findings

Suggestions and Recommendations for Educators

Suggestions and Recommendations for Business Actors

The Role of Government and the Third Sector

Index.

Notes:

Description based on print version record.

Includes bibliographical references and index.

ISBN:

1-80455-762-5