University of Cape Coast Business School
Institutional effectiveness is a critical factor facing Africa in the 21st century. Institutions are instrumental to well-functioning businesses, government, and civil society. The initiation, enforcement, and resolution of business contracts, for example, all depend on reliable institutions. Governments require institutions to facilitate productive economic social and political activities. Societies require institutions to maintain order and to develop infrastructure. Moreover, institutional and social entrepreneurship can be a source of economic growth, social well-being, and reform. Despite their importance to daily life in Africa, there is a good deal of variance in their development, structure and effectiveness on the continent. The study of the organization and management of institutions is as timely as it is important.