Browsing by Author "Dzansi, Yao Dennis"

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    The Drivers of Product Innovation in Africa
    (Central University of Technology, 2019-04-03) Atiase, Victor; Dzansi, Yao Dennis
    African firms have made some significant progress in product innovation through human capital development and firm competitiveness. However, these firms need to continuously focus on talent hunting and development as well as strategic collaborations to reap the full benefit of product innovation.
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    Investigating the drivers of product innovation in emerging markets: The African perspective
    (Wiley, 2020-01-07) Dzansi, Yao Dennis; Atiase, Victor
    African firms have made significant progress in product innovation over the past decade through human capital development efforts and firm competitiveness. Undoubtedly, both human capital development and firm competitiveness have become the main source of strength for product innovation initiatives among African firms. However, these firms need to continuously focus on talent hunting and development as well as promoting strategic collaborations to reap the full benefit of product innovation activities.
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    Microfinance and Necessity Entrepreneurship: The Ghanaian Experience
    (Emerald, 2019-10-08) Atiase, Victor; Dzansi, Yao Dennis
    Microfinance which refers to the issuance of microloans and the delivery of other related financial services to mostly necessity entrepreneurs has remained a major developmental tool across the developing world. With its inception from Bangladesh’s village of Jobra in 1976, microfinance has provided financial capital to many poor households to engage in income-generating activities in order to increase their assets and reduce vulnerability. Most often than not, necessity entrepreneurs who endeavor to start their own businesses depend on microfinance as a source of financial resource into their Micro and Small Enterprises (MSEs). Using Ghana as the study country, this study investigated the impact of microfinance on the necessity entrepreneurs in the areas of poverty reduction, employment generation as well as the various difficulties associated with Microfinance delivery in the Greater Accra region of Ghana. We conducted a paper-based survey with 378 MSE owners from this region. The results indicate that microfinance has contributed to employment generation and poverty reduction in the Greater Accra region of Ghana through the provision of microloans to necessity entrepreneurs to engage in various types of income-generating activities. However, necessity entrepreneurs are faced with loan inadequacy issues coupled with under-financing difficulties. More so, they are also faced with non-flexible loan terms and cumbersome loan application procedures which do not support business expansion and employment generation. This study contributes to the debate on the social logic concept of microfinance delivery and poverty reduction. Microfinance therefore remains an indispensable tool in supporting necessity entrepreneurs in promoting self-employment.
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    Reflecting on Micro Finance in Poverty Reduction
    (MCSER Publishing, 2014-09-01) Dzansi, Yao Dennis
    Development policy has increasingly shifted towards expanding financial services to the poorer sections of the population following the Grameen Bank success. In spite of this and other micro finance success stories, the effectiveness of microfinance in reducing poverty continues to be questioned with some arguing that micro finance programmes have little to no impact on poverty reduction. Whilst demanding empirical evidence of positive impact, critics of microfinance as poverty reduction instrument continue to ask lingering questions like who is the programme supposed to reach? Who is it reaching? What impact is it making on the lives of the poor? On the other hand, some are steadfast that a well-designed microfinance programme can change the lives of the poor at the individual, household, enterprise and community levels and help raise the standard of living of the poor out of the poverty. In this study, the researchers enter the debate by reviewing both empirical and normative literature to determine the extent to which microfinance is able to reduce poverty. Based on insights gained, it is concluded that micro finance is not fulfilling its original mandate of extricating the poor from poverty or vulnerability to it to the level of comfort. We also provide recommendation for policy and practice.