The Entrepreneurship Culture

Culture is defined as asset of values, perceptions wants and behaviour learned by a member of a society from family and other institutions
Culture is a tool of leaned behavior patterns of living. It is a powerful human tool for survival constantly changing and easily lost.
Weber argues that “Protestantism encourages a culture which emphasizes individualism, achievement motivation, legislation of entrepreneurial vocations, rationality and self – reliance.

Hosted – defines culture as a collective programming of the mind which distinguishes the member of one group or category of people from another.

Entrepreneurial Culture

Refers to the way of embracing the concept of finding new opportunities in business and gathering the necessary resources to fill the opportunity.
Many governments around the world want to promote entrepreneurship because they have recognized the importance of entrepreneurship.
In other words entrepreneurial culture is away of people embarrassing life by participating in activities that enable then create new business enterprises.
A country can develop the entrepreneurial culture by forming policies that constitute the following ;

  • Integration of entrepreneurship training in the overall education system to tap on youths
  • Exposure of entrepreneurship those look potential to actual business practices and activities through the networks and business contacts of rule models.
  • Creation of a conducive and enabling that permits new business to immerge and flourish.
    The creation of entrepreneurial culture has to come from deep social convictions based on strong values and systems of the locals
  • It should be created in away that it welcomes entrepreneurship and respects the investor and also reflecting the core values

What Constitutes Entrepreneurial Culture?

  • Growth in concentration of firms networks and linkages
  • Growth in intermediary organizations to which some tasks are delegated and it different form of entrepreneurship
  • High levels of education skills and learning.

Importance of Entrepreneurship Culture

  • Enhances economic growth and building of social capital.
  • Enhances job creation
  • Acts as a primary source of innovation
  • Helps in the devolution of government power for policy implementation.
  • Direct influence development in tech. H/R capital formation e.t.c.

The cultural habits that promote entrepreneurial development

Money orientation
Money oriented people know the value of money and has the intention of making it. The money oriented people use the need of money as a motivating factor pushing then to being entrepreneurs.

Future orientation
A society that has foresight to know about the future business environment is likely to have more entrepreneurs.
This is because they are likely to visualize key changes that are likely to create opportunity.

Time consciousness
Knowledge that time exists and its importance
Knowing the right time to start an entrepreneurial activity.
Utilization of time
The correct timing of the market conditions

Trust and honesty
Through trust consumer demand is gained on the products and services available.
Entrepreneurs should reciprocate this by ensuring honesty by providing the expected standards.

Hard work i.e
Willingness to work hard distinguishes between successful and unsuccessful persons.

The cultural factors inhibiting entrepreneurial development.

  1. Religion – religious believes may deter entrepreneurial investments in items such as night clubs and pubs.
  2. Language – establishing businesses in areas where language barrier may allow poor communication or fear of invation.
  3. Personal relationship – Married people may avoid getting involved in business activities since no time is spared for the family.
  4. Attitude towards innovation
    Especially in cultures which oppose innovation due to fear of change
  5. Networks – poor networking and ability to meet people limit new
    Opportunities
    New knowledge
    New information.
  6. Technology – lack of technical skills and knowledge may slow growth and dev. Of entrepreneurial Lock one out of being competitive.

Ways of managing Factors which Inhibits Development of Entrepreneurial

Culture.
1. Working in related business to gather the necessary skills required before one starts his own business.
2. Setting policies t hat ensure that entrepreneurship training is established in the school syllabus.
3. Your people to be encouraged to read articles from newspaper, watch television and business contacts to enable them choose products in demand with a bright future.
4. Young youths as wll as aspiring adults entrepreneurs should be encouraged to get better and faster access to

  • Knowledge
  • Information or business
  • Competition
  • Internet e.t.c

5. Aspiring entrepreneurs to seek guidance in selection of machines and other facilities.

Entrepreneurial Cultural Practices in Kenya

The cultural practices of entrepreneurs varies from country depending on the

  • The material resources
  • The industrial climate
  • The social & political systems
    The undeveloped regions especially Kenya due to the policing of funds lacks
    Skilled labour
    Existence of minimum social and economic overheads to curb emergencies of innovative entrepreneurs.
    Entrepreneurship does not emerge out of industrial background with developed institutions to support and encourage it.
    Kenya has imitators entrepreneurs lacking enough innovators unlike other countries like South Africa.

Steps towards Promoting Entrepreneurship by the Government.

  1. Increase small scale industrial sector.

These are small tiny cottage industries e,.g the Tabaka soap stones
They have increased and the governments in developing schemes to help entrepreneurs

2. Increase investments in the service sector by
Increased investments in quality services especially in the

  • Transport sector
  • Repairs services
  • Entertainment sector
  • Hospitality sectors

3.Increased in rural entrepreneurship dev.  Promoting rural entrepreneurship by

  • Promoting Agro exports e.g eggs , meat e.tc
  • Development of brick making

4.Promoting women entrepreneurs in;

  • Encoring women to a variety of ventures
  • Education programmes.

Other Steps

The future of entrepreneurship in Kenya is great- we now live in the age of entrepreneurial development.

  1. Through educational development in institutions, government participation would greatly promote entrepreneurship
  2. Introduction of the study of entrepreneurships as a core subject in not only universities curriculum but also tertiary institutions.
  3. Tax holidays for initial periods of 5 to 10 years of a new venture
  4. Help by government organizations which have facilitated building new infrastructure e.g roads, loans, training institutions e.t.c.
  5.  Collaborations and joint ventures between the government and private sector e.g in technology.
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