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compulsory and students must attempt Case Study The Executive Chairman of Zoomlion and Jospong Groups of Companies, Dr. Joseph Siaw Agvepong has built up one
compulsory and students must attempt Case Study The Executive Chairman of Zoomlion and Jospong Groups of Companies, Dr. Joseph Siaw Agvepong has built up one of the Africa's largest sanitation management businesses, becoming Ghana's wealthiest businessman. What accounts for his success? To reach the global scale that Zoomlion and Jospong Groups of Companies has achieved requires, at the highest level, a combination of classical, behavioral, and modern management approaches to managerial functions, culture, strategy, motivational concepts, change management practices and execution over a sustainable period of time. It took Dr. Agyepong a decade to build the company into a global enterprise. Excerpts follow as Ghanaian Students, Entrepreneurs and the society as a whole can benefit. Outside of Internet success stories such as Alibaba's Jack Ma or Baidu's Robin Li Ghana has few if any widely internationally known business leaders. The Executive Chairman of Zoomlion and Jospong Groups of Companies, Dr. Joseph Siaw Agyepong is relatively unknown even though African magazines estimated last month that he had surpassed other tycoons on the continent to become the country's richest man with a fortune worth $140 million. I exchanged this week with Ghanaian business executives at GIMPA, about what's behind Dr. Agyepong's business success. From the management perspective, he studied Classical perspective like Taylor, Gilbreth, Fayol and Weber; behavioral perspective like Mcgregor X and Y and Hawthorne effect; in addition to modern approaches; which help him appreciate management functions very well Questions: 1. Based on the success of Dr. Jospong, to what extent do you believe that Ghanaian businesses needs to place emphasis on management research in building a competitive and successful business empire? State 4 reasons for your answer. (4 marks) 3 2. Dr. Jospong seems to combine both inductive and deductive approach in conducting the business research. How would you differentiate between a deductive and an inductive analytical approach? (4 marks) 3 3. At what point can any organization like Jospong group of companies stop conducting research? Give reasons for your answer (4 marks) +
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