Entrepreneurial Processes in African Economies in Transition
This study examines entrepreneurial processes in African economies in Transition. Data collection involves literature review. Findings show strategies include the move towards the informal sector as an alternative to the high costs associated with lack of a well-defined legal framework for entrepreneurs. Flexibility has been identified as a strategy used to overcome the high costs associated with political uncertainty. Network strategies were found to be a means of a voiding the costs associated with bureaucracy. Alternative strategies based on trust, kinship, geographical location, communal ties and religious affiliations were used to overcome financial constraints among entrepreneurs in Tanzania.