All because of competition: A bane or blessing for smaller licence buying companies (LBCs) of the Ghanaian cocoa industry

The dynamic global market in the world of business forces firms to initiate quick and favourable actions in order to stay active in this ever-changing world of business. The study investigated the post liberalization and privatization effect of competition on smaller Licensed Buying Companies (LBCs)...

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Autores principales:	Goodlet Owusu Ansah, Isaac Antwi, Lawrencia Pokuah Siaw
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2017
Materias:	competition cocoa industry licence buying companies privatization liberalization kuapa kokoo ltd Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/7e96e4e373cf4d379a58ceabfa137f4c
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spelling	oai:doaj.org-article:7e96e4e373cf4d379a58ceabfa137f4c2021-12-02T14:07:31ZAll because of competition: A bane or blessing for smaller licence buying companies (LBCs) of the Ghanaian cocoa industry2331-197510.1080/23311975.2017.1299603https://doaj.org/article/7e96e4e373cf4d379a58ceabfa137f4c2017-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2017.1299603https://doaj.org/toc/2331-1975The dynamic global market in the world of business forces firms to initiate quick and favourable actions in order to stay active in this ever-changing world of business. The study investigated the post liberalization and privatization effect of competition on smaller Licensed Buying Companies (LBCs) in the Ghanaian Cocoa industry using the Kuapa Kokoo Limited’ (KKL) situation. The study also sought to unravel the nature of competition and challenges stemming from the competition among LBCs. The study utilized the Herfindahl–Hirschman Indexes and the K-concentration ratio to examine the nature of competition in the industry. Responses were gathered from one hundred and twenty-three (N = 123) employees of KKL. The study revealed that, competition exists in the cocoa industry but is greatly controlled by LBCs with larger market shares and that out of this emanate threats for smaller LBCs in the cocoa industry. The study indicated that major challenges stemming from the competition included unfair influence by LBCs, bamboozlement of smaller LBCs by well-established bigger LBCs, breach of agreements between LBCs and farmers etc. It is therefore recommended that the present cocoa purchasing regulations be adequately enforced to better control the effects of unhealthy competitions in the internal market of the cocoa industry.Goodlet Owusu AnsahIsaac AntwiLawrencia Pokuah SiawTaylor & Francis Grouparticlecompetitioncocoa industrylicence buying companiesprivatizationliberalizationkuapa kokoo ltdBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 4, Iss 1 (2017)
institution	DOAJ
collection	DOAJ
language	EN
topic	competition cocoa industry licence buying companies privatization liberalization kuapa kokoo ltd Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	competition cocoa industry licence buying companies privatization liberalization kuapa kokoo ltd Business HF5001-6182 Management. Industrial management HD28-70 Goodlet Owusu Ansah Isaac Antwi Lawrencia Pokuah Siaw All because of competition: A bane or blessing for smaller licence buying companies (LBCs) of the Ghanaian cocoa industry
description	The dynamic global market in the world of business forces firms to initiate quick and favourable actions in order to stay active in this ever-changing world of business. The study investigated the post liberalization and privatization effect of competition on smaller Licensed Buying Companies (LBCs) in the Ghanaian Cocoa industry using the Kuapa Kokoo Limited’ (KKL) situation. The study also sought to unravel the nature of competition and challenges stemming from the competition among LBCs. The study utilized the Herfindahl–Hirschman Indexes and the K-concentration ratio to examine the nature of competition in the industry. Responses were gathered from one hundred and twenty-three (N = 123) employees of KKL. The study revealed that, competition exists in the cocoa industry but is greatly controlled by LBCs with larger market shares and that out of this emanate threats for smaller LBCs in the cocoa industry. The study indicated that major challenges stemming from the competition included unfair influence by LBCs, bamboozlement of smaller LBCs by well-established bigger LBCs, breach of agreements between LBCs and farmers etc. It is therefore recommended that the present cocoa purchasing regulations be adequately enforced to better control the effects of unhealthy competitions in the internal market of the cocoa industry.
format	article
author	Goodlet Owusu Ansah Isaac Antwi Lawrencia Pokuah Siaw
author_facet	Goodlet Owusu Ansah Isaac Antwi Lawrencia Pokuah Siaw
author_sort	Goodlet Owusu Ansah
title	All because of competition: A bane or blessing for smaller licence buying companies (LBCs) of the Ghanaian cocoa industry
title_short	All because of competition: A bane or blessing for smaller licence buying companies (LBCs) of the Ghanaian cocoa industry
title_full	All because of competition: A bane or blessing for smaller licence buying companies (LBCs) of the Ghanaian cocoa industry
title_fullStr	All because of competition: A bane or blessing for smaller licence buying companies (LBCs) of the Ghanaian cocoa industry
title_full_unstemmed	All because of competition: A bane or blessing for smaller licence buying companies (LBCs) of the Ghanaian cocoa industry
title_sort	all because of competition: a bane or blessing for smaller licence buying companies (lbcs) of the ghanaian cocoa industry
publisher	Taylor & Francis Group
publishDate	2017
url	https://doaj.org/article/7e96e4e373cf4d379a58ceabfa137f4c
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All because of competition: A bane or blessing for smaller licence buying companies (LBCs) of the Ghanaian cocoa industry

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