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

Zelimir William Todorovic and Rod B. McNaughton

International Journal of Entrepreneurship and Small Business, 2007, vol. 4, issue 4, 383-396

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.

Keywords: entrepreneurship; entrepreneurial orientation; cross-cultural entrepreneurship; developing societies; necessity entrepreneurship; visionary entrepreneurship; resources. (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://www.inderscience.com/link.php?id=13686 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijesbu:v:4:y:2007:i:4:p:383-396

Access Statistics for this article

More articles in International Journal of Entrepreneurship and Small Business from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().