Chapter 07
Entrepreneurial Culture
This chapter discusses the followings.
7.1 Introduction to culture
7.2 Introduction to entrepreneurial culture
7.3 The need for the creation of an entrepreneurial culture
7.4 Social and economic factors conducive for the emergence of
an entrepreneurial culture
7.5 Social factors against entrepreneurship
7.6 Role of women in entrepreneurship
7.7 Business ethics and social responsibility
7.8 Incentives available for entrepreneurs
83
For free distribution.
,7.1 Introduction to culture
At the beginning of human civilization it can be seen that man has been working
with different parties of the society as well as with the various cultures in satisfying
their needs and wants. The values of a culture shape the people. Culture can be
explained as beliefs, values, attitudes, behavior patterns, different ideas, customs
and norms that exist among people of a society which are unique to them. Depending
on the characteristics of these cultural elements, the behavior of the people will be
decided.
Example :-
In Sri Lankan society, different categories of people like Sinhalese,
Tamils, Muslims and Burgers are living together and these ethnic
groups possess values, beliefs, attitudes and different behaviors which
are unique to them.
Figure 7.1
7.2 Introduction to entrepreneurial culture
Entrepreneurial culture is a collection of elements like special behaviors, attitudes,
beliefs, ideas, behavior patterns, rites, rituals, and customs which are unique to
entrepreneurs.
A person living in the entrepreneurial society inherits entrepreneurial traits. That
is the person who thinks positively, accepts risks creatively and does innovations.
Moreover, such people are dissatisfied with the status quo and try to change the
prevailing condition. Further those people are very sensitive to the environment and
owing to that sensitivity they have the capability of identifying the opportunities
and chasing them. As soon as the opportunities are identified, they exploit them.
84
For free distribution.
, 7.3 Need for the creation of an entrepreneurial culture
Most of the countries in the world have developed due to the influence of cultural
and social forces. Since efforts are being taken to develop Sri Lanka, the need for an
entrepreneurial culture is highlighted. Solutions to most of the economic and social
problems of Sri Lanka can be found through this.
P A Solution to unemployment
The unemployment rate of Sri Lanka is considerable. The nature of this
unemployment is very complex.
Example :-
Unemployment is high among educated people than the uneducated
people.
Unemployment is at a high percentage among the youth aged below 30
years.
A considerable percentage of the workforce of Sri Lanka migrates for jobs.
Unemployment is high among educated women.
Hence the creation of jobs for the workforce of Sri Lanka can be done very easily
within an entrepreneurial culture.
P Achievement of economic growth
If an economy is to grow, production of goods and services within that economy
should increase. Any country can achieve high economic growth through an
entrepreneurial culture.
P Availability of unused resources
Sri Lanka is a land full of resources. Those resources are not properly utilized
at present. There is a possibility of generating products by using those unused
resources.
85
For free distribution.
Entrepreneurial Culture
This chapter discusses the followings.
7.1 Introduction to culture
7.2 Introduction to entrepreneurial culture
7.3 The need for the creation of an entrepreneurial culture
7.4 Social and economic factors conducive for the emergence of
an entrepreneurial culture
7.5 Social factors against entrepreneurship
7.6 Role of women in entrepreneurship
7.7 Business ethics and social responsibility
7.8 Incentives available for entrepreneurs
83
For free distribution.
,7.1 Introduction to culture
At the beginning of human civilization it can be seen that man has been working
with different parties of the society as well as with the various cultures in satisfying
their needs and wants. The values of a culture shape the people. Culture can be
explained as beliefs, values, attitudes, behavior patterns, different ideas, customs
and norms that exist among people of a society which are unique to them. Depending
on the characteristics of these cultural elements, the behavior of the people will be
decided.
Example :-
In Sri Lankan society, different categories of people like Sinhalese,
Tamils, Muslims and Burgers are living together and these ethnic
groups possess values, beliefs, attitudes and different behaviors which
are unique to them.
Figure 7.1
7.2 Introduction to entrepreneurial culture
Entrepreneurial culture is a collection of elements like special behaviors, attitudes,
beliefs, ideas, behavior patterns, rites, rituals, and customs which are unique to
entrepreneurs.
A person living in the entrepreneurial society inherits entrepreneurial traits. That
is the person who thinks positively, accepts risks creatively and does innovations.
Moreover, such people are dissatisfied with the status quo and try to change the
prevailing condition. Further those people are very sensitive to the environment and
owing to that sensitivity they have the capability of identifying the opportunities
and chasing them. As soon as the opportunities are identified, they exploit them.
84
For free distribution.
, 7.3 Need for the creation of an entrepreneurial culture
Most of the countries in the world have developed due to the influence of cultural
and social forces. Since efforts are being taken to develop Sri Lanka, the need for an
entrepreneurial culture is highlighted. Solutions to most of the economic and social
problems of Sri Lanka can be found through this.
P A Solution to unemployment
The unemployment rate of Sri Lanka is considerable. The nature of this
unemployment is very complex.
Example :-
Unemployment is high among educated people than the uneducated
people.
Unemployment is at a high percentage among the youth aged below 30
years.
A considerable percentage of the workforce of Sri Lanka migrates for jobs.
Unemployment is high among educated women.
Hence the creation of jobs for the workforce of Sri Lanka can be done very easily
within an entrepreneurial culture.
P Achievement of economic growth
If an economy is to grow, production of goods and services within that economy
should increase. Any country can achieve high economic growth through an
entrepreneurial culture.
P Availability of unused resources
Sri Lanka is a land full of resources. Those resources are not properly utilized
at present. There is a possibility of generating products by using those unused
resources.
85
For free distribution.
