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Cultural Values and Entrepreneurship Development

Author

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  • Ezinwo, Iheanyi Ogbakiri

    (Department of Management, Entrepreneurship Option, Ignatius Ajuru University of Education, Rumuolumeni, Port Harcourt, Nigeria)

  • Gogo, Israel Daminabo

    (Department of Management, Entrepreneurship Option, Ignatius Ajuru University of Education, Rumuolumeni, Port Harcourt, Nigeria)

  • Oriji, Omunakwe Allwell

    (Department of Management, Entrepreneurship Option, Ignatius Ajuru University of Education, Rumuolumeni, Port Harcourt, Nigeria)

Abstract

This opinion paper examined the relationship between cultural values and entrepreneurship development. However, the specific objectives included to examine the relationship between power distance and entrepreneurship development; uncertainty avoidance and entrepreneurship development; individualism and entrepreneurship development; masculinity and entrepreneurship development as well as the relationship between and long – term orientation and entrepreneurship development. In other to achieve this objective, the paper employed survey of literature and qualitative content analysis. The findings of the study showed that there is a relationship between cultural values dimensions of power distance, individualism, uncertainty avoidance, masculinity, long- term orientation and entrepreneurship development. The paper concludes that the general tendencies of a society may either foster or discourage skills development programs, self employment, new venture creation and support for existing businesses. Based on the findings, the study recommended that, in cases where certain values of a society are perceived to be discouraging entrepreneurial activities, a mix of approaches that will furnish the people with new information, experiences and skills can be inteoduced to change the mindset of the people towards achievement motivation and new venture creation

Suggested Citation

  • Ezinwo, Iheanyi Ogbakiri & Gogo, Israel Daminabo & Oriji, Omunakwe Allwell, 2022. "Cultural Values and Entrepreneurship Development," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(11), pages 397-401, November.
    • Handle: RePEc:bcp:journl:v:6:y:2022:i:11:p:397-401
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    References listed on IDEAS

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    4. Gerard George & Shaker A. Zahra, 2002. "Culture and Its Consequences for Entrepreneurship," Entrepreneurship Theory and Practice, , vol. 26(4), pages 5-8, July.
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