International Scientific Conference „Business and Management“, 12th International Scientific Conference „Business and Management 2022“

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CORPORATE DECISIONS TO CONTRIBUTE TO NON-STATE SOCIAL PROTECTION IN GHANA WITHIN THE COVID-19 CONTEXT
Richmond Baah

Last modified: 2022-05-23

Abstract


In 2020, the private sector in Ghana established the Ghana COVID-19 Private Sector Fund to pool resources to, among others, construct the country’s first infectious disease centre in response to the COVID-19 pandemic. This research aims to: (a) identify the factors that enabled the decisions of private corporate managers to contribute to non-state social protection through the Fund; and (b) explore how wise their decisions to contribute to non-state social protection through the Fund are. Methodology: Content analysis and semi-structured interviews were performed. Conclusion: Based on the factors identified in this research, the decisions of the private sector to establish and contribute to the Fund were informed by wisdom. The research validates the wise management decision-making model and the assertion that managers need to take decision based on wisdom when they are confronted with wicked problems.

DOI: https://doi.org/10.3846/bm.2022.870


Keywords


Decision making, non-state social protection, COVID-19 pandemic, social responsibility, wisdom

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