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Obstacles and success factors for entrepreneurship: a comparative analysis between Egypt and Nigeria

Author

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  • Osama Wagdi

    (Modern University for Technology and Information, Egypt)

  • Amira Hasaneen

    (Modern University for Technology and Information, Egypt)

Abstract

This study investigates the obstacles and success for entrepreneurship at Africa The study also provides a framework for determinants of entrepreneurship that includes three groups of factors: (1) obstacle factors, which include financial and non-financial obstacles; (2) success factors, which include gaining an understanding of the economic environment, determining market gaps, ensuring capital adequacy, and creating a stable cash flow; and (3) business model characteristics, which include benefits for clients, suppliers, founders, investors, and other stakeholders. The study hypothesizes hat there is a relationship between the second and third groups, which creating a new value chain (tangible or intangible) to the society with support from stakeholders. A questionnaire survey was conducted with founders, investors, corporate managers, financial analysts, academics, and graduates who seek new projects from Egypt and Nigeria, and 395 questionnaires were received in the second half of 2018. The study found a difference in entrepreneurship nonbanking and non-financial obstacles between Egypt and Nigeria. This can be explained by differences in the level of efficiency of the stock exchanges and non-banking services, in addition to the differences in legal environments and levels of corruption between Egypt and Nigeria. Moreover, future directions of entrepreneurship are similar across countries, but age has an impact on these directions.

Suggested Citation

  • Osama Wagdi & Amira Hasaneen, 2019. "Obstacles and success factors for entrepreneurship: a comparative analysis between Egypt and Nigeria," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(2), pages 962-976, December.
    • Handle: RePEc:ssi:jouesi:v:7:y:2019:i:2:p:962-976
    DOI: 10.9770/jesi.2019.7.2(12)
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    References listed on IDEAS

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    1. von Graevenitz, Georg & Harhoff, Dietmar & Weber, Richard, 2010. "The effects of entrepreneurship education," Journal of Economic Behavior & Organization, Elsevier, vol. 76(1), pages 90-112, October.
    2. G. M.P. Swann, 2009. "The Economics of Innovation," Books, Edward Elgar Publishing, number 13211.
    3. Paul Robson & Helen Haugh & Bernard Obeng, 2009. "Entrepreneurship and innovation in Ghana: enterprising Africa," Small Business Economics, Springer, vol. 32(3), pages 331-350, March.
    4. Evans Korang Adjei & Rikard H. Eriksson & Urban Lindgren & Einar Holm, 2019. "Familial relationships and firm performance: the impact of entrepreneurial family relationships," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 31(5-6), pages 357-377, May.
    5. Jeffrey G. Covin & Dennis P. Slevin, 1991. "A Conceptual Model of Entrepreneurship as Firm Behavior," Entrepreneurship Theory and Practice, , vol. 16(1), pages 7-26, October.
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    Cited by:

    1. Osama Wagdi & Amal Seddik Afify & Atef Fathi Habib, 2022. "The impact of social media marketing activities on green consumption intention: evidence from emerging countries," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 10(1), pages 158-174, September.

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    More about this item

    Keywords

    entrepreneurship; business model; entrepreneurship obstacles; entrepreneurship success; Egypt; Nigeria;
    All these keywords.

    JEL classification:

    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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