Fostering Entrepreneurial Culture: A Conceptualization

Abstract

Entrepreneurial culture is a catchy concept fronted by scholars and several governments in their bid to promote entrepreneurship for unemployment reduction via job creation. However, the conceptualization of entrepreneurial culture is an issue that is not addressed in the entrepreneurship literature. Although entrepreneurial culture is frequently used in various studies, what it actually means and represents is not usually explicitly discussed. As such, this paper attempts a conceptualization of entrepreneurial culture in which its constituent comprising of entrepreneurial attributes, entrepreneurial values, entrepreneurial mindset and entrepreneurial behaviour are identified and discussed with a proposed model for further research on their relationship in different context. In so doing, the paper proposes that government policy focus in fostering entrepreneurial culture in a society at the level of the individual should nurture the identified constituent if quality entrepreneurs are to be supplied in such a society for a sustained job creation and economic development.

Keywords: Culture, Entrepreneurial, Entrepreneurial Culture, Entrepreneurship, Government Policy