Exploring the Intersection of Entrepreneurial Activities and Socio-Cultural Institutions: How Technology Entrepreneurs (Firms) Create Social Value in Kenya
This paper examines how entrepreneurs (and firms) navigate the complex institutional African context using the prisms of ‘sociocultural institutions’ to create social value that promote socioeconomic development. It is an established fact that businesses thrive and grow because of their access to financial, social and cultural resources. Therefore, enterprises that are embedded in the local geographic space, are compelled to stay where they belong even during times of external crises (e.g. economic and financial). Therefore, we draw on three case studies and anecdotal evidences to explore the intersection between ‘entrepreneurial activities’ and country specific culture ‘Harambee’ and the influence of this overlap on firm growth and social value creation. The findings reveal that there are variations in the extent to which entrepreneurs draw on formal and informal resources to create social value. The study contributes to our understanding of how social-cultural institutions shape entrepreneurial activities, firm behaviours and performance in developing economies. The study contributes to how entrepreneurial practices generate social value and the tensions between formal and informal logics. It also provides insight into how entrepreneurship-cultural nexus act as a substitute for weak institutional environment and market uncertainties to enhance contribution of entrepreneurs and entrepreneurial firms to socioeconomic development.
Citation : Murithi, W. (2019) Exploring the Intersection of Entrepreneurial Activities and Socio-Cultural Institutions: How Technology Entrepreneurs (Firms) Create Social Value in Kenya. 5th Biennial Conference of Africa Academy of Management: Globalisation, Pan Africanism, and the African Business Climate, Lagos Business School, Pan-Atlantic University, January 8-11, 2020.
Research Institute : Centre for Enterprise and Innovation (CEI)
Peer Reviewed : Yes