Entreprenuership and Culture
ShareWORLD Open University Malawi
Faculty: Faculty of Conservation, the Environment & Social Development.
Department: Department of Management.
Programme: Managing Rural and Community Development
Course: Entrepreneurship
Course Code: EPS 302
Assignment no 2: Discuss the impact of culture on entrepreneurial activities in Malawi.
Submitted to: Mr. O. Soko (Lecturer)
From: Frank Charles Kasonga BSc (Managing Rural & Community Development year 3)
Intake: January-Blantyre Campus
Due Date: 25th March 2011
Date Submitted: 25th March 2011
Introduction.
Societies vary in their ability to create and sustain entrepreneurial activity (Carter & Wilton, 2006; Price 2002). While various explanations have been offered to account for these societal differences, an ever-growing body of literature posits that cultural attributes are one of the primary determinants of a nation's level of economic (Porter, 1990) and entrepreneurial development (Hisrish 2009). National culture impacts levels of entrepreneurship both through the cultural values that are part of that society (Hofstede, 1980) and through the institutions that are representative of that culture (Ahlstrom & Bruton, 2002; Dickson, 2004). Malawi being a multi cultural country has experienced different effects of culture on the development of entrepreneurial activities. In order to more fully understand the relationship between culture and entrepreneurial activities, this paper examines the impact of culture on entrepreneurial activities.
According to Hoselitz (1952) entrepreneurship involved uncertainty bearing, coordination of productive resources, introduction of innovations and the provision of capital. In the 20th century, economist Joseph Schumpeter (1883-1950) focused on how the entrepreneur's drive for innovation and improvement creates upheaval and change. Schumpeter viewed entrepreneurship as a force of "creative destruction." The
Faculty: Faculty of Conservation, the Environment & Social Development.
Department: Department of Management.
Programme: Managing Rural and Community Development
Course: Entrepreneurship
Course Code: EPS 302
Assignment no 2: Discuss the impact of culture on entrepreneurial activities in Malawi.
Submitted to: Mr. O. Soko (Lecturer)
From: Frank Charles Kasonga BSc (Managing Rural & Community Development year 3)
Intake: January-Blantyre Campus
Due Date: 25th March 2011
Date Submitted: 25th March 2011
Introduction.
Societies vary in their ability to create and sustain entrepreneurial activity (Carter & Wilton, 2006; Price 2002). While various explanations have been offered to account for these societal differences, an ever-growing body of literature posits that cultural attributes are one of the primary determinants of a nation's level of economic (Porter, 1990) and entrepreneurial development (Hisrish 2009). National culture impacts levels of entrepreneurship both through the cultural values that are part of that society (Hofstede, 1980) and through the institutions that are representative of that culture (Ahlstrom & Bruton, 2002; Dickson, 2004). Malawi being a multi cultural country has experienced different effects of culture on the development of entrepreneurial activities. In order to more fully understand the relationship between culture and entrepreneurial activities, this paper examines the impact of culture on entrepreneurial activities.
According to Hoselitz (1952) entrepreneurship involved uncertainty bearing, coordination of productive resources, introduction of innovations and the provision of capital. In the 20th century, economist Joseph Schumpeter (1883-1950) focused on how the entrepreneur's drive for innovation and improvement creates upheaval and change. Schumpeter viewed entrepreneurship as a force of "creative destruction." The