TITLE:
A Proposed Model for Successful Transitioning of Startup MSMEs from Planning to Operationalization in Greater Accra Region of Ghana
AUTHORS:
Emmanuel Kwabla Ocloo, Gnanesh Devakumar, Esther Asiedu
KEYWORDS:
Start-Up MSMEs, Planning, Model, Transitioning, Operationalization, Ghana
JOURNAL NAME:
American Journal of Industrial and Business Management,
Vol.12 No.3,
March
31,
2022
ABSTRACT: Purpose: This study sought to develop and
validate a model for successful transitioning of entrepreneurs from planning
stage to operationalization in Greater Accra
Region of Ghana. The total population of this study was 295 out of which 200 respondents were
sampled using a random sampling technique. Approach: The collected data was analyzed using a software known as Statistical
Package for Social Sciences (SPSS). Structural Equation Model (SEM) was used to
determine the correlations between independent and dependent variables. The
primary data was collected through the use of qualitative techniques. The
quantitative techniques were used in summarizing the overall data into percentages which explained in detail development and validation
of the model. Findings: The findings unraveled
development of a valid model inculcating a business plan, technology,
innovation, etc.
for the successful transitioning of start-up MSMEs from planning to
operationalization. Research Limitations: Due to the
fact that information is sensitive, selected MSMEs were demanding money before
releasing the needed primary information. This makes the exercise very
difficult. Practical Consequences: The
research discusses the implications for the various components engaged at the
startup planning stage. Originality/Value: The
model would assist MSMEs in making the right business choices, funding and any
other essential factor that is required at the Start-up Planning Stage to
operationalization stage.