Entrepreneurship & SMEs in London (UK): evaluating the role of Black Africans in this emergent sector

Abstract: The development of Small and Medium Enterprises (SMEs) has been the subject of growing interest among academics and practitioners, as well as multi-lateral institutions. However, the interest in the growth of African business evolution has been under-researched, even though developments and market dynamics are increasingly impacting upon this sub-sector, especially in the UK. The urgent need arises for a study that enables practitioners and educators in planning. It also gives some insight into the limitations in the UK environment with a view to improving entrepreneurial education that is focused on these minorities. This study therefore focuses on the development of Black African SMEs (BASMEs) in London by examining the various factors that impact upon their development. A qualitative methodological approach was used to gain a better understanding of the BASMEs. It discusses the trend of growth in the last decade. This research proceeds by developing a conceptual matrix to classify the Black Africans into four groups, but significant emergent groups. Finally, it draws conclusions on managerial implications by identifying the various social, economic and environmental limitations that impact upon (BASMEs) growth. It goes on to make suggestions as to how those may be ameliorated, as well as identifying new areas of possible research.