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

Authors: Zelimir William Todorovic, Rod B. McNaughton

Addresses: Indiana – Purdue University, Fort Wayne, 2101 E. Coliseum Blvd., Fort Wayne, Indiana, 46805–1499, USA. ' Department of Management Sciences, University of Waterloo, 200 University Avenue, Waterloo, Ontario, N2L 3G1, Canada

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.

DOI: 10.1504/IJESB.2007.013686

International Journal of Entrepreneurship and Small Business, 2007 Vol.4 No.4, pp.383 - 396

Published online: 11 May 2007 *

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