Author(s)

Touwindsida Aristide Zongo

YAMBA DIGITAL HUB, Ouagadougou, Burkina Faso.

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.

Small Businesses, Africa, Management

Zongo, T.A. (2024) Small and Medium Enterprises in Africa: What Kind of Management for Adequate Growth?. Open Access Library Journal, 11, 1-18. doi: 10.4236/oalib.1111106.