Title

Motivation and innovation in entrepreneurship – impact of national culture

Abstract/Description

This research aims to investigate the impact of the National Culture Dimensions, developed by Hofstede, on Entrepreneurial Activity (EA). The defining variables for EA are Total Early-Stage Entrepreneurial Activity (TEA), Motivational Index and Innovation Rate as provided by the Global Economic Monitor (GEM).

Findings suggests that Power distance, indulgence and long-term orientation significantly influence entrepreneurial activity. Whereas individualism and uncertainty avoidance influence motivation index. The findings also suggest that innovation rate is influenced by the individualism. This study calls for further research in this area to confirm these relationships so that national policy makers can consider the cultural influencers while curating policies to promote entrepreneurship in their respective countries.

Track

Management

Session Number/Theme

Session 1B: Technology and Innovation

Session Chair

Dr. Kamran Mumtaz, Institute of Business Administration, Karachi

Start Date/Time

23-6-2022 11:40 AM

End Date/Time

23-6-2022 12:00 PM

Location

Training Room 1, Marriott Hotel, Karachi

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Jun 23rd, 11:40 AM Jun 23rd, 12:00 PM

Motivation and innovation in entrepreneurship – impact of national culture

Training Room 1, Marriott Hotel, Karachi

This research aims to investigate the impact of the National Culture Dimensions, developed by Hofstede, on Entrepreneurial Activity (EA). The defining variables for EA are Total Early-Stage Entrepreneurial Activity (TEA), Motivational Index and Innovation Rate as provided by the Global Economic Monitor (GEM).

Findings suggests that Power distance, indulgence and long-term orientation significantly influence entrepreneurial activity. Whereas individualism and uncertainty avoidance influence motivation index. The findings also suggest that innovation rate is influenced by the individualism. This study calls for further research in this area to confirm these relationships so that national policy makers can consider the cultural influencers while curating policies to promote entrepreneurship in their respective countries.