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Contextual influences on new technology ventures: A study of domestic firms in Ghana

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  • Amankwah-Amoah, Joseph
  • Hinson, Robert E.

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.

Suggested Citation

  • Amankwah-Amoah, Joseph & Hinson, Robert E., 2019. "Contextual influences on new technology ventures: A study of domestic firms in Ghana," Technological Forecasting and Social Change, Elsevier, vol. 143(C), pages 289-296.
    • Handle: RePEc:eee:tefoso:v:143:y:2019:i:c:p:289-296
    DOI: 10.1016/j.techfore.2019.01.019
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    Cited by:

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    2. Adomako, Samuel & Amankwah-Amoah, Joseph & Chu, Irene, 2020. "Entrepreneurs’ passion, home country’s institutional voids and small firm internationalization," Research in International Business and Finance, Elsevier, vol. 53(C).
    3. Tan, Xiujie & Yan, Yaxue & Dong, Yuyang, 2022. "Peer effect in green credit induced green innovation: An empirical study from China's Green Credit Guidelines," Resources Policy, Elsevier, vol. 76(C).
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    5. Ali, Murad, 2021. "Imitation or innovation: To what extent do exploitative learning and exploratory learning foster imitation strategy and innovation strategy for sustained competitive advantage?✰," Technological Forecasting and Social Change, Elsevier, vol. 165(C).
    6. Henrietta N. Onwuegbuzie & Oluwasoye P. Mafimisebi & Adun Okupe & Eseroghene Orighoyegha, 2022. "Indigenous Knowledge and Africapitalism: An Unexploited Source for Sustainable Development," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 8(2), pages 244-257, July.
    7. Shamim, Saqib & Zeng, Jing & Khan, Zaheer & Zia, Najam Ul, 2020. "Big data analytics capability and decision making performance in emerging market firms: The role of contractual and relational governance mechanisms," Technological Forecasting and Social Change, Elsevier, vol. 161(C).
    8. Shuwaikh, Fatima & Dubocage, Emmanuelle, 2022. "Access to the Corporate Investors' Complementary Resources: A Leverage for Innovation in Biotech Venture Capital-Backed Companies," Technological Forecasting and Social Change, Elsevier, vol. 175(C).
    9. Nyame-Asiamah, Frank & Amoako, Isaac Oduro & Amankwah-Amoah, Joseph & Debrah, Yaw A., 2020. "Diaspora entrepreneurs’ push and pull institutional factors for investing in Africa: Insights from African returnees from the United Kingdom," Technological Forecasting and Social Change, Elsevier, vol. 152(C).
    10. Onwuegbuzie, Henrietta N. & Mafimisebi, Oluwasoye P., 2021. "Global relevance of scaling African indigenous entrepreneurship," Technological Forecasting and Social Change, Elsevier, vol. 166(C).
    11. Zhou, Xiaoxiao & Cai, Ziming & Tan, Kim Hua & Zhang, Linling & Du, Juntao & Song, Malin, 2021. "Technological innovation and structural change for economic development in China as an emerging market," Technological Forecasting and Social Change, Elsevier, vol. 167(C).
    12. Adomako, Samuel & Amankwah-Amoah, Joseph & Frimpong, Kwabena, 2022. "Human capital, reverse engineering and new venture growth: The moderating role of competitive strategy," Technovation, Elsevier, vol. 114(C).

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