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Institutional Support and Entrepreneurial Self-Efficacy: Recipe for Successful Entrepreneurship in Sub-Saharan Africa
Abstract
Factors that facilitate successful entrepreneurship range from cultural, educational, financial, environmental, technological factors to other macro and micro-economic factors. Scholars, for instance, report that continuance of entrepreneurship for lengthy periods may be an indicator of a culture of entrepreneurship amongst the residents of a given population, which could be significant in the development of the regional economy. The question is, do these factors each singularly or combinatorically result in entrepreneurial success? Since institutional support could foster the successes and failures of enterprises, entrepreneurial self-efficacy, which defines an individual's belief in their ability to achieve success in entrepreneurship, is joined in the investigation presented in this chapter. The chapter explores both factors as possible recipes for entrepreneurial success in Sub-Saharan Africa. The implications of the chapter for successful entrepreneurship literature are defined.
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