Chapter 3: Culture and Entrepreneurship

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Presentation transcript:

Chapter 3: Culture and Entrepreneurship

Culture and Entrepreneurship Culture defined as a set of shared values and beliefs. Values shape the development of personality traits and motivate individuals to engage in entrepreneurial behaviours. Cultures that value and reward entrepreneurial behaviours have a propensity to develop innovative entrepreneurial individuals •Cultures that reinforce values like conformity group interests and control over the future do not promote risk taking and entrepreneurial behaviour.

Kluckhohn and Strodbeck (1961) Hall (1977) Hosftede (1980) Frameworks to Evaluate the impact of Culture on Management and Entrepreneurship Kluckhohn and Strodbeck (1961) Hall (1977) Hosftede (1980) Laurent (1983) Trompenaars (1993)

Cultural Dimensions and Entrepreneurship Individualism Uncertainty Avoidance Power Distance Masculinity Long-term versus short-term orientation

Universal Values Self-enhancement Openness to change Self-transcendence Conservation