Search results

1 – 5 of 5
Per page
102050
Citations:
Loading...
Access Restricted. View access options
Book part
Publication date: 10 August 2018

Fredrick Onyango Ogola

Over a long period of time, the evolution and development of indigenous management theories and practices in Africa have been seriously distracted and hindered by European…

Abstract

Over a long period of time, the evolution and development of indigenous management theories and practices in Africa have been seriously distracted and hindered by European colonialism and Western education. The colonial administration introduced Western management theories and practices, considered as the drivers and the remedy for the continent’s socio-politico-economic development. Western scholarship and literature generally undervalued and condemned the management proficiency and practices of early African civilisations, as evidenced, for instance, in the building of the great Egyptian pyramids. Foreign management systems generally botched the development of indigenous African business practices as they failed to achieve the expected goals. We argue that the development of indigenous African management practices and philosophy ought to be rooted in the African culture, value system and beliefs to provide the practical way for the efficient and effective running of organisations in Africa. Nevertheless, there are still indigenous family business management practices that can be co-opted into today’s business practices. The Ubuntu management system and the ‘new management techniques’, which emphasise humanness, communalism and African patriotism, provide the veritable starting point for the development of indigenous African management philosophy. The chapter starts with a brief description of family business in Africa. Highlighting the relevant indigenous management practices, to mention, strategic process, governance, human resource and succession planning then follow in this order. The next section is on the origins of the indigenous management practices and then we conclude with a section on unique differences from Western models and provide advice to educators and practitioners. As an approach, the cases that have been used are for illustration purposes and do not claim to be representative of African indigenous business practices since Africa is too diverse.

Details

Indigenous Management Practices in Africa
Type: Book
ISBN: 978-1-78754-849-7

Keywords

Access Restricted. View access options
Article
Publication date: 6 April 2012

Fredrick Onyango Ogola

The purpose of this paper is to provide a framework for analyzing the social responsibility (SR) of financial institutions (FIs) in developing countries (DCs), especially in…

1011

Abstract

Purpose

The purpose of this paper is to provide a framework for analyzing the social responsibility (SR) of financial institutions (FIs) in developing countries (DCs), especially in Sub‐Saharan Africa (SSA), with regard to their contribution to development.

Design/methodology/approach

The connection between finance and economic development can be studied at the macro or general level of “financial systems” or at the micro or institutional (organizational) level of “financial institutions”. This paper will focus on the micro level of FIs. The author used the work of Sen as a reference to approach the concept of development, and Sherraden's “Asset‐building policies” combined with Cabraal et al.'s “microfinance ideals” as a strategy to implement the broad developmental agenda proposed by Sen in the field of SR of FI.

Findings

The study identified seven indicators for the social responsibility of financial institutions: low interest on loans; small loans; micro‐savings; income equality; marketing equality; geographical equality; and unbiased financial education. These groups of indicators reflect the different areas that are relevant for assessing the SR of FIs.

Research limitations/implications

Since this is a conceptual article, it lacks the empirical data to support theoretical conclusions. Through further research, operationalizing this model and testing it through surveys and in‐depth interviews can overcome these limitations.

Practical implications

With this framework, SR strategies of FIs operating in DCs and specifically in SSA may require a broader vision in their contribution to development. This is by viewing SR in development not only as a tool for economic growth but also as a tool for promoting equality and freedom through economic inclusion and consequently social inclusion.

Originality/value

The paper suggests how Sen's theory of development, Sherraden's theory of asset building and Cabraal et al.'s microfinance ideals can be merged in a framework to analyze the SR of FIs in DCs.

Available. Content available
Book part
Publication date: 10 August 2018

Abstract

Details

Indigenous Management Practices in Africa
Type: Book
ISBN: 978-1-78754-849-7

Available. Content available
Article
Publication date: 6 April 2012

Josep F. Maria SJ

1402

Abstract

Details

African Journal of Economic and Management Studies, vol. 3 no. 1
Type: Research Article
ISSN: 2040-0705

Access Restricted. View access options
Book part
Publication date: 10 August 2018

Uchenna Uzo, Olamide Shittu and Abel Kinoti Meru

Abstract

Details

Indigenous Management Practices in Africa
Type: Book
ISBN: 978-1-78754-849-7

1 – 5 of 5
Per page
102050