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The effect of culture, resources and quality of entrepreneurship on economic development: a conceptual framework

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  • Zelimir William Todorovic
  • Rod B. McNaughton

Abstract

Entrepreneurship is a global phenomenon occurring in both developed and developing countries. Local economic and cultural factors both affect new ventures. This paper presents a framework that presents visionary (high quality) entrepreneurship as a principal driver in developing economies. The framework incorporates the dimensions of culture and resource-availability and speculates on their relationship with the quality of entrepreneurship. The notion of disequilibrium is presented where the role of culture and resource-availability is described as entrepreneurship impeding in developing economies, but entrepreneurship enhancing in developed economies. The framework also provides an integrated approach to guide future research about cross-cultural and geographic differences in the rates and qualities of new venture creation.

Suggested Citation

  • Zelimir William Todorovic & Rod B. McNaughton, 2007. "The effect of culture, resources and quality of entrepreneurship on economic development: a conceptual framework," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 4(4), pages 383-396.
    • Handle: RePEc:ids:ijesbu:v:4:y:2007:i:4:p:383-396
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    Citations

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    Cited by:

    1. Zelimir William Todorovic & Jun Ma, 2010. "Resolving the paradox of enterprising communities in Eastern Europe," Journal of Enterprising Communities: People and Places in the Global Economy, Emerald Group Publishing Limited, vol. 4(3), pages 234-251, August.
    2. William David Brice, 2013. "Family Firm Culture and Performance: Specific Empirical Evidence," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 3(1), pages 5-17, January.
    3. Hui He & Yan Bai & Xia Xiao, 2020. "How Past Failure Predicts Subsequent Entrepreneurial Intention: A Comparative Study of Mainland China and Taiwan," Sustainability, MDPI, vol. 12(6), pages 1-17, March.
    4. Jovana Tatarski & Sandra Brkanlić & Javier Sanchez Garcia & Edgar Breso Esteve & Ivana Brkić & Marko Petrović & Andrea Okanović, 2020. "Measuring Entrepreneurial Orientation of University Employees in Developing Countries Using the ENTRE-U Scale," Sustainability, MDPI, vol. 12(21), pages 1-15, October.
    5. Al Mamun, Abdullah & Thurasamy, Ramayah & Fazal, Syed Ali, 2021. "Entrepreneurial index for low-income households in Malaysia," Socio-Economic Planning Sciences, Elsevier, vol. 77(C).

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