AN ASSESSMENT OF THE ROLE OF NATIONAL CULTURE AS A DETERMINANT OF ENTREPRENEURIAL ORIENTATION

Abstract
Entrepreneurship is an important factor of production. It is considered as a source of innovative change. Thus, it catalyzes enhancement in sustainable economic development of a nation. Entrepreneurship is inseparably interlinked with flexibility and knowledge. These two factors have gained importance as a source of competitive edge in the present globalized & interconnected economy. Entrepreneurship prevents concentration of economic activities, income and wealth and promotes decentralized development of commerce, trade and industry. This in turn, leads to removal of regional and industrial imbalance. Development of entrepreneurial activities and sustainable development in entrepreneurship have gained priority in the national agenda across the world. Entrepreneurship is even more crucial for developing countries as it has high employment elasticity and potential for earning foreign exchange. However, entrepreneurship is essentially a behavioural aspect. Hence culture has a causal relationship with entrepreneurship. This paper aims at assessing the role of Hofstede’s dimensions of culture in developing entrepreneurship in nations by using the technique of linear multi-variate regression.

Authors
Rajib Bhattacharya1, Shuvashish Roy2, Sarmistha Sarma3
International School of Business and Media, Kolkata, India1, Hazrat Khajar Bashir Unani Ayurvedic Medical College and Hospital Foundation, Bangladesh2, Institute of Innovation in Technology and Management, India3

Keywords
Entrepreneurship, Hofstede’s Dimensions of National Culture, Linear Multivariate Regression
Published By :
ICTACT
Published In :
ICTACT Journal on Management Studies
( Volume: 6 , Issue: 2 )
Date of Publication :
May 2020
DOI :

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