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KEHDINGA GF, DYING BUSINESSES IN AFRICA IS THE MBA THE ANSWER (2).pdf (625.5 kB)

Dying business in Africa: is the MBA the answer?

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journal contribution
posted on 2021-11-25, 07:32 authored by Dr. Kehdinga George Fomunyam
Businesses are engines of growth and development, because they help in the reduction of poverty and unemployment. However, the rate of dying businesses in Africa is on the increase, because of the increase of business failure. The problem of increasing rate of business failure in Africa needs urgent solution. Although, scholars have tried to find a lasting solution to this problem, the problem still persists. This made this paper propose a solution that has naot been raised before now. The MBA was hypothetically proposed as the solution to the increasing number of dying businesses in Africa. First, the study highlighted the causes of business failure in the African continent. Then, the paper explained extensively how the MBA programme can help solve each of the causes of business failure earlier mentioned by the study. Based on the analysis of this study, the study concludes that the MBA is a viable solution to the increasing rate of dying businesses in Africa. The study recommends that top management positions of businesses in Africa should be occupied by employees with the MBA degree.

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