2. Chapter 3: Culture and Entrepreneurship

3. 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.

4. 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)

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

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