Browsing by Author "Olagboye, Deji Osigbodi"

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    Crisis Management
    (Elsevier, 2024-05-23) Mafimisebi, Oluwasoye; Olagboye, Deji Osigbodi; Oladejo, S.
    Crisis management is an integral management capability that organizations are expected to possess. We distill four primary characteristics of crises; crises are sources of change, uncertainty, and disruption; crises are harmful and threatening for organizations and their diverse stakeholders; crises are behavioral phenomena; and crises as a part of an interconnected process. Organizations with resilience culture are better prepared to mitigate crisis effects and develop necessary tools needed to prevail in the face of crisis. Crisis represents opportunity to innovate, reinvent business model and capture new market terrains or expand existing offerings in order to diversify all of the organization streams of income. For entrepreneurs, there is need to explore and exploit resources and use open innovation model to generate new products ideas. The level of cooperation, collaboration and engagement among stakeholders matters for successful crisis management. In conclusion, we discussed the implication of using design thinking and configuration view when handling crisis.
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    East Midlands Top 500 Companies 2020
    (De Montfort University, 2020-08-01) Rae, David; English, Rachel; Charles, Alexandra; Cowling, Marc; Rossiter, William; Olagboye, Deji Osigbodi; Eneh, Ngozi
    The East Midlands Top 500 Companies 2020 is a new index which celebrates the business success of the East Midlands as a region with a remarkably strong, diverse and resilient range of firms. The Top 500 is based on historic data from Companies House accounts submitted between July 2017 and June 2018. These are accessed from the Financial Analysis Made Easy FAME database supplied by Bureau Van Dijk. This is supplemented from other publicly available sources of business information. The report includes analysis of the significance, an overview of the regional business economy, and a series of company case studies. The index represents the strength and diversity of firms based in the East Midlands. The Top 500 Index provides a continuing baseline for comparison in future years, since it comprises data predating the effects of Brexit and COVID-19. This will be updated yearly. It includes companies with their registered offices located in Derbyshire, Nottinghamshire and Leicestershire. All these businesses have been included in the ‘Top 200 Companies’ 2019 for Derbyshire, Leicestershire and Nottinghamshire, featured in the ‘Business Live’ coverage by Reach Media.
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    Enterprise survival and growth: A conceptual exposition of entrepreneurial activities in Sub-Saharan Africa
    (Palgrave Macmillan, 2021) Olagboye, Deji Osigbodi; Obembe, Demola; Okafor, Godwin
    Research on Informal Economy has advanced over recent years and gained increasing popularity. Despite this interest, there is a dearth of research exploring the institutionalisation of informal economy enterprises (IEE), particularly enterprises in Sub-Saharan Africa (SSA), and implications for the institutional environment. This chapter begins to address the deficit by conceptualising the establishment of a Nano Enterprise (NE) classification as an enabler for the institutionalisation of informal economy enterprises in Sub-Saharan Africa. The survival and growth of IEE would be inherently challenging as informality creates resource-constraints. We argue that the establishment of a Nano Enterprise classification as an enabler for institutionalisation should operationally enhance the legitimacy and prospect of survival and growth among IEE in Sub-Saharan Africa. Also, that the nature of the context and institutionalisation pressures will equally impact any outcome. Finally, the chapter explores new avenues for entrepreneurship researchers to empirically test the institutionalisation proposal presented in this study.
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    Enterprise Survival and Growth: Classification, Structures, and Policy Development in Nigeria.
    (De Montfort University, 2022-12) Olagboye, Deji Osigbodi
    Research on Informal Economy (IE) has advanced over recent years and gained increasing popularity. Despite this interest, there is a dearth of research exploring the institutionalisation of Informal Economy Entrepreneurs (IEEs), particularly enterprises in Sub-Saharan Africa (SSA), and implications for the institutional environment. This research begins to address the deficit by conceptualising the establishment of Nano Enterprise (NE) business classification as an enabler for the institutionalisation of IE enterprises in SSA. Institutionalisation should eliminate barriers to access resources in the formal economy (FE) as survival and growth of IE enterprises is inherently challenging as informality creates resource-constraints. Using quantitative methods, the study used logit and ordered logit regression analysis to analyse survey data from 398 Nigerian entrepreneurs selected through purposive regional cluster sampling to theorise the interconnected impact of key formal institutions on the choice of venture creation in the IE. The study finds non-registration precludes IEEs future access to resources from formal institutions for survival and growth. Contrary to the counterproductive labels in extant literature, business registration was found to be pivotal for access to otherwise constrained resources for survival and growth of IEEs. Furthermore, the study finds positive and significant relationship between informality and support for the establishment of NE classification for nonemploying entrepreneurs conceptualised as an enabler for institutionalising IE enterprises. The study further provides empirical evidence that informality is positively and significantly related to the willingness of IEEs to register under NE business classification. In addition, specific government policies targeting non-employing entrepreneurs and access to government financial incentives were found to have significant effect on the willingness of IEEs to register under the proposed business classification. These findings provide important implications for academic conceptualisation of the IE, entrepreneurship as practice, and policy development for enterprise survival and growth in developing countries such as Nigeria.
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    Entrepreneurial Resilience
    (Elsevier, 2024-05-27) Mafimisebi, Oluwasoye; Olagboye, Deji Osigbodi; Obembe, D.
    Entrepreneurial resilience is an important ingredient for entrepreneurial success. Resilience allows entrepreneurs recognize that instability and uncertainty can be pervasive and disruption can derail even the best of firms. We discuss entrepreneurial resilience from four interconnected perspectives of the spiral effect of resilience on not just the survival and growth of firms – internal – but also the entrepreneurial ecosystem – external. Resilience is activated and detected in the moment of crisis. Tools such as bricolage, social and spiritual capital, improvisation, open innovation, strategic innovation, risk preparedness, crisis planning and simulation, learning from failures, social interaction and relationships, goodwill and reputation, personal networks can be activated to enhance entrepreneurial resilience. We note that entrepreneurs requires a dose of ambidexterity, improvisation, bricolage, planning, and high reliability to stimulate entrepreneurial resilience. While entrepreneurial resilience has been presented in linear model - notably as the ability of entrepreneurs to anticipate potential threats, to cope effectively with unexpected events, and to adapt to changes in order to become stronger than before, our work position entrepreneurial resilience as configurations - a mix of factors necessary and sufficient to build resilient entrepreneurs.
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    Natural resources, sustainable entrepreneurship, and poverty reduction in resource-rich African countries - The missing link
    (Palgrave MacMillan, 2023) Olagboye, Deji Osigbodi; Mafimisebi, Oluwasoye; Obembe, Demola; Woldesenbet, K.
    Poverty reduction remains a burning issue globally and within the entrepreneurship discourse. This chapter reviewed the salient role sustainable entrepreneurship (SE) plays in the effort towards poverty reduction and the negative effects of underdeveloped institutions in resource-rich developing countries (RRDCs). Whilst there is extensive research about SE and the antecedents of poverty, there is a dearth of research exploring the impact resource curse hypothesis and aspects of entrepreneurial ecosystem (EE) on SE and poverty reduction, particularly in RRDCs, and the implications for socio-economic development. We found that the ease of doing business and the quality of institutions and political structure, are the two essential determinants of SE and poverty reduction in RRDCs. We develop agenda for policy and identify scope for future research.