Funds Generation from the Internal Activities of an Academic Library Based on the Resource Based View (RBV) Theory

Abstract

Purpose- The purpose of the study is to explore the income generating activities performed by a Ghanaian academic library and new ways through which income can be generated to support the limited budget allocation. Design/methodology/approach: The study was conducted within a pragmatism paradigm. Both quantitative and qualitative methods were used. Purposive sampling was done: thus, the researchers interviewed the Deputy University Librarian, the heads of department, the accountant attached to the library, as well as the sectional and unit heads. In addition, ten senior staff with the rank of Chief and Principal Library Assistant were also selected purposively to respond to a questionnaire. This was supported by documentary checks to serve as evidence of obtaining valuable information from the staff. Findings: The study revealed that the major source of income of the library is the Academic Facility Users Fees (AFUF), funds (IGF) are also generated through technical support services, the University lack policy that will position the Library as an income generating department, the library also source for funds through proposal writing and the celebration of Library Week enabled the library acquire some funds. Limitations: The study is limited to the internal income generating activities of the Sam Jonah Library. Originality/value: The researchers adopted the Resource Based View (RBV) theory to indicate how the resources of Sam Jonah Library can be manipulated to create a competitive advantage. Practical implications. The inadequate funds provided for academic libraries call for such libraries to be proactive in creating funds internally.