%0 Journal Article
%T Small and Medium Enterprises in Africa: What Kind of Management for Adequate Growth?
%A Touwindsida Aristide Zongo
%J Open Access Library Journal
%V 11
%N 1
%P 1-18
%@ 2333-9721
%D 2024
%I Open Access Library
%R 10.4236/oalib.1111106
%X This article focuses on the development issues faced by African enterprises, particularly in relation to the delay in development compared to other continents. Entrepreneurship plays a crucial role in providing assets for these enterprises. According to the World Bank, Small and Medium Enterprises (SMEs) account for a majority of businesses worldwide and contribute significantly to employment and global economic development. In emerging economies, formal SMEs can contribute up to 40% of national income. In the context of Burkina Faso, 90% of businesses are small, but the mortality rate is high at 16.37%. The article aims to propose concrete solutions to accelerate SME growth in Africa by utilizing research methodology. The significance of management for company sustainability is highlighted, particularly in a globalized and connected world. The choice of management style, such as authoritative, democratic, or transformational, and the decision-making processes for strategic choices are crucial. Africa has its own unique management styles and principles, which business owners must consider continuously for productivity and sustainability.
%K Small Businesses
%K Africa
%K Management
%U http://www.oalib.com/paper/6813273