Entreprenuership-Culture

         The Entrepreneurship Culture

            Culture Definition

•   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 ;

o    Integration of entrepreneurship training in the overall education system to tap on youths

o    Exposure of entrepreneurship those look potential to actual business practices and activities through the networks and business contacts of rule models.

o    Creation of a conducive and enabling that permits new business to emerge 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

o    Enhances economic growth and building of social capital.

o    Enhances job creation

o    Acts as a primary source of innovation

o    Helps in the devolution of government power for policy implementation.

o    Direct influence development in tech. H/R capital formation e.t.c.

         The cultural habits that promote entrepreneurial development

a)             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.

b)           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.

c)              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

d)           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.

e)                 Hard work i.e

•   Willingness to work hard distinguishes between successful and unsuccessful persons.

         The cultural factors inhibiting entrepreneurial development.

a)      Religion – religious believes may deter entrepreneurial investments in items such as night clubs and pubs.

b)     Language – establishing businesses in areas where language barrier may allow poor communication or fear of  innovation.

c)      Personal relationship – Married people may avoid getting involved in business activities since no time is spared for the family.

d)     Attitude towards innovation

ü  Especially in cultures which oppose innovation due to fear of change

e)      Networks – poor networking and ability to meet people limit new

i)                   Opportunities

ii)                 New knowledge

iii)               New information.

f)       Technology – lack of technical skills and knowledge may slow growth and dev. Of entrepreneurial

o 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

a.       Knowledge

b.      Information  or business

c.       Competition

d.      Internet e.t.c

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

            Entrepreneurial Cultural Practices in Kenya

ü  The cultural practices of entrepreneurs varies from country depending on the

o    The material resources

o    The industrial climate

o    The social & political systems

ü  The undeveloped regions especially Kenya due to the policing of funds lacks

o    Skilled labour

o    Existence    of    minimum     social    and    economic    overheads    to    curb emergencies of innovative entrepreneurs.

o    Entrepreneurship does not emerge out of industrial background with developed institutions to support and encourage it.

o    Kenya has imitators entrepreneurs lacking enough innovators unlike other countries like South Africa.

ü  However Kenya has established institutions that provide assistance to aspiring entrepreneurs in terms of

o    Establishing a fund to disburse loans to especially youths in the hope of promoting  entrepreneurship

o    Some of the entrepreneurial activities that have emerged in our country include.

                  Steps towards Promoting Entrepreneurship by the Government.

i)                   Increase small scale industrial  sector.

a.       These are small tiny cottage industries e,.g the Tabaka soap stones

b.      They have increased and the governments in developing schemes to help entrepreneurs

ii)                 Increase investments in the service sector  by

a.       Increased investments in quality services especially in the

i.      Transport sector

ii.      Repairs services

iii.      Entertainment sector

iv.      Hospitality sectors

iii)               Increased in rural entrepreneurship dev.

a.       Promoting rural entrepreneurship by

i.      Promoting Agro  exports e.g eggs , meat e.tc

ii.      Development of brick making

iv)               Promoting women entrepreneurs in;

i.      Encoring women  to  a variety of ventures

ii.      Education programmes.

                  Other Steps

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

•   Through educational development in institutions, government participation would greatly   promote entrepreneurship

•   Introduction of the study of entrepreneurship as a core subject in not only universities curriculum but also tertiary institutions.

•   Tax holidays for initial periods of 5 to 10 years   of a new    venture

•   Help     by    government     organizations     which     have    facilitated     building     new infrastructure e.g roads, loans, training institutions e.t.c.

•   Collaborations and joint ventures between the government and private sector e.g in technology.