CrossCulturalComparisonofEntreprenurship
1
2
LEI 3006 DL
Business Communications
Essay
Entrepreneurship in UK and Myanmar
May Thin Kyu
Student ID:
15402213
Tutor:
Lidia Douglas
Word
Count: 2500
Date:
10/2/2015
3
Table of Contents
1. Introduction
4
2. Entrepreneurship
4
2.1 Babson Entrepreneurship Ecosystem Project
5-6
2.1.a) Entrepreneurship Ecosystem in UK
6-7
2.1.b) Entrepreneurship Ecosystem in Myanmar
7-8
3. Culture
3.1 Significance of languages across different culture
4. Application of Cross-cultural Theories on Entrepreneurship
9-10
10
4.1. Hofstede’s Cultural Dimensions
10
4.1.a. Power Distance
11
4.1.b. Individualism vs Collectivism
11-12
4.1.c. Masculinity vs Femininity
12
4.1.d. Uncertainty Avoidance
12-13
4.2.e. Long Term vs Short Term Orientation
13
5. Conclusion
13-14
6. References
15-16
4
1.Introduction
Prominent figures such as Richard Branson, JK Rowling, Simon Cowell, and
Philip Green are some of the highly recognized British entrepreneurs around the world. Five thousand miles away, Burmese entrepreneurs like Ye Myat Min, the founder of Nex, a tech startup for mobile development; Htet Myat Oo with
Rangoon Teahouse in the restaurant business; Poht Poht Kyi for Myanmar
Imperial college in education sector; and Jim and Debbie Taylor with Proximity
Designs, a social enterprise are setting up successful ventures in Myanmar.
Entrepreneurship is one of the crucial elements in the economy and in business. In addition, relating the concept in different cultural contexts gives powerful insight and new connections. The essay will conduct a cross-cultural examination of entrepreneurship in Myanmar and UK through Isenberg’s Babson
Entrepreneurship Ecosystem Project
and theoretical frameworks of Hall and
Hofstede.
2. Entrepreneurship
Entrepreneur is an agent of change that plans, manages, and bears the risk of a startup. Entrepreneurship is a process of initiating a new business through an efficient allocation of resources to generate profitable
2
LEI 3006 DL
Business Communications
Essay
Entrepreneurship in UK and Myanmar
May Thin Kyu
Student ID:
15402213
Tutor:
Lidia Douglas
Word
Count: 2500
Date:
10/2/2015
3
Table of Contents
1. Introduction
4
2. Entrepreneurship
4
2.1 Babson Entrepreneurship Ecosystem Project
5-6
2.1.a) Entrepreneurship Ecosystem in UK
6-7
2.1.b) Entrepreneurship Ecosystem in Myanmar
7-8
3. Culture
3.1 Significance of languages across different culture
4. Application of Cross-cultural Theories on Entrepreneurship
9-10
10
4.1. Hofstede’s Cultural Dimensions
10
4.1.a. Power Distance
11
4.1.b. Individualism vs Collectivism
11-12
4.1.c. Masculinity vs Femininity
12
4.1.d. Uncertainty Avoidance
12-13
4.2.e. Long Term vs Short Term Orientation
13
5. Conclusion
13-14
6. References
15-16
4
1.Introduction
Prominent figures such as Richard Branson, JK Rowling, Simon Cowell, and
Philip Green are some of the highly recognized British entrepreneurs around the world. Five thousand miles away, Burmese entrepreneurs like Ye Myat Min, the founder of Nex, a tech startup for mobile development; Htet Myat Oo with
Rangoon Teahouse in the restaurant business; Poht Poht Kyi for Myanmar
Imperial college in education sector; and Jim and Debbie Taylor with Proximity
Designs, a social enterprise are setting up successful ventures in Myanmar.
Entrepreneurship is one of the crucial elements in the economy and in business. In addition, relating the concept in different cultural contexts gives powerful insight and new connections. The essay will conduct a cross-cultural examination of entrepreneurship in Myanmar and UK through Isenberg’s Babson
Entrepreneurship Ecosystem Project
and theoretical frameworks of Hall and
Hofstede.
2. Entrepreneurship
Entrepreneur is an agent of change that plans, manages, and bears the risk of a startup. Entrepreneurship is a process of initiating a new business through an efficient allocation of resources to generate profitable
References: economies in developing nations such as Myanmar, Soviet Union countries, South Africa, Chile, Vietnam, and China (Urban, 2007) entrepreneurship also thrives in developed countries with stable market economy such as UK, EU nations, US, Australia, and Canada (Urban, 2007). Professor of Babson College, Daniel Isenberg (2012) proposes in Babson Entrepreneurship Ecosystem Project (BEEP) that startup environment are hyper a nation’s entrepreneurship ecosystem are heavily influenced by a country’s history and culture (Thurik and Dejardin, 2010) creative ideas and innovation. Most of the entrepreneurs are highly recognized by the world in pop culture (Culture Label Agency, 2014). (Culturel Label Agency, 2014) 2.1.b