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research / germany
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We can observe that in
turbulent environments it is important to concentrate on executing the innovation and risk
management function, whereas in static respectively stable environments the coordination
function as well as market-making becomes a core anchor point. It takes entrepreneurial
behavior in order to perform the respective functions in an adequate intensity. This is
indeed a matter of entrepreneurial competence as a meta-competence itself.
Based on these fundamental considerations it is now time to start a discussion regarding
the potential of entrepreneurship research in order to fix problems of Africa’s economic
challenges in the face of the primary commodities dilemma.
Among the developing countries there are many of them facing the primary commodities
dilemma. Entrepreneurial activities are useful in order to overcome some of the related
problems. The cutting edge of entrepreneurship is the fact that entrepreneurship triggers
activities to go beyond the current business and its problems. In this respect there are at
least three different approaches to be identified. The first one is to develop a more refined
primary commodities approach, trying to exploit the market opportunities more alertly.
Such an approach implies to stick to the primary commodities. The second solution is
directed towards product development. By the help of these product development
activities the core intent is to arrange a shift towards more refined product packages.
Such product packages should represent comprehensive solutions from customers’ point
of view. A third approach is focused upon a different layer on management. This
approach can be called “resource- and competence-building”. It is up to the following
paragraphs to fill these approaches with some selected ideas being useful to overcoming
the primary commodities dilemma of African countries.
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