Socio Cultural factors influencing Entrepreneurial growth: A study on Small Medium Enterprises: A selected towns-south Ethiopia

DMS-GBMP | Special Issue | July-2018 | Published Online: 30 July 2018    PDF ( 214 KB )
DOI: https://doi.org/10.5281/zenodo.1327576
Author(s)
Dr. S. Fakruddin Ali Ahmed 1; Mrs P.Tarangini 2

1Associate Professor, Arba Minch University (Ethiopia)

2Assistant Professor, Emaralds PG College, Tirupathi (India)

Abstract

Over the years, a number of theories have been used to explain the impact of socio-cultural environment on entrepreneurial emergence. The theories tried to explain the social and cultural characteristics which cause people to be or not to be entrepreneurs. Entrepreneurship has been found to be a factor in socio-economic and human development. Its study has, however, been largely viewed from economic perspective in Ethiopia. This work was an effort to approach the problem of entrepreneurial event among Ethiopian entrepreneurs from socio-cultural perspective. The target of this study was to determine the socio-cultural factors affecting entrepreneurial growth in especially in SME sector in ArbaMinch province. 100 Entrepreneurs were selected based on simple random sampling .The measurement instrument of the research was questionnaire. The study used questionnaires, interviews and observation schedule, Descriptive and analytic procedures were employed. The current research was a correlation type. Data analysis resulted using Pearson and regression coefficient showed that socio-cultural factors had positive effect on entrepreneurial growth in SME. The paper determines that, in overall, socio-cultural environment significantly impact on entrepreneurial growth in the selected area. Outside the negative or adverse Socio-economic situations of individuals, the culture and value system of a people is a prodigious cause of the craving and capacity of people fetching entrepreneurs.

Keywords
self-employment, cultural, social, Motivational factors, Entrepreneur
Statistics
Article View: 158