Volume 4, Issue 12 (December 2017, Part 2), Pages: 287-297
----------------------------------------------
Review Paper
Title: Exploring the cultural determinants of entrepreneurial success: The case of Malaysia
Author(s): Sitinor Wardatulaina Mohd Yusof 1, *, Juhaini Jabar 1, Murzidah Ahmad Murad 1, Rosalina Torres Ortega 2
Affiliation(s):
1Faculty of Technology Management and Technopreneurship, Universiti Teknikal Malaysia Melaka, Melaka, Malaysia
2School of Business and Economics, Linnaeus University, Växjö, Sweden
https://doi.org/10.21833/ijaas.2017.012.048
Full Text - PDF XML
Abstract:
This paper examines the cultural determinants of entrepreneurial success in Malaysia. Entrepreneurship is one of the main important drivers of a market nation and economists have underlined the crucial task acting in the market development. By employing describing the phenomenon of new venture creation and an interactive framework of entrepreneurship, this paper proposes a model that comprises four elements particularly in entrepreneurial culture and mindset influences. First the factor elements that lead to success in entrepreneurship are discussed together with the all four elements which are (1) presence of experienced entrepreneurs, (2) skills and knowledge of entrepreneurs, (3) cultural attitudes towards entrepreneurship and (4) proximity of entrepreneurial universities. Second, the main findings from the research are as follows; the elements of entrepreneurial culture and mindsets are the factors that contributed to the success in entrepreneurship. Third, this research will be practicable for academicians and the researchers who are concerned in examining the success factors on entrepreneurship. Finally, this study may conduce through the national or regional laws and regulation be changed to facilitate and retain the entrepreneurial movement. The future research may focus on the different physical region in Malaysia or within each of the other developing countries.
© 2017 The Authors. Published by IASE.
This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).
Keywords: Entrepreneurship, Success factors, SMEs, Malaysia
Article History: Received 27 December 2016, Received in revised form 15 September 2017, Accepted 1 October 2017
Digital Object Identifier:
https://doi.org/10.21833/ijaas.2017.012.048
Citation:
Yusof SWM, Jabar J, Murad MA, and Ortega RT (2017). Exploring the cultural determinants of entrepreneurial success: The case of Malaysia. International Journal of Advanced and Applied Sciences, 4(12): 287-297
Permanent Link:
http://www.science-gate.com/IJAAS/V4I12(2)/Yusof.html
----------------------------------------------
References (81)
- Abdullah MA and Ab Manan SK (2011). Small and medium enterprises and their financing patterns: Evidence from Malaysia. Journal of Economic Cooperation and Development, 32(2): 1-18.
- Abu F, Yunus AR, Majid IA, Jabar J, Aris A, Sakidin H, and Ahmad A (2014). Technology acceptance model (TAM): Empowering smart customer to participate in electricity supply system. Journal of Technology Management and Technopreneurship, 2(1): 85-94.
- Ardichvili A, Cardozo R, and Ray S (2003). A theory of entrepreneurial opportunity identification and development. Journal of Business Venturing, 18(1): 105-123. https://doi.org/10.1016/S0883-9026(01)00068-4
- Barnett R (2005). Convergence in higher education: The strange case of "entrepreneurialism". Higher Education Management and Policy, 17(3): 51-64. https://doi.org/10.1787/hemp-v17-art18-en
- Baron RA (2006). Opportunity recognition as pattern recognition: How entrepreneurs connect the dots to identify new business opportunities. Academy of Management Perspectives, 20(1): 104-119. https://doi.org/10.5465/AMP.2006.19873412
- Benbasat I (1984). An analysis of research methodologies. In: McFarlan FW (Ed.), The information systems research challenges: 47-85. Hrvard Business School Press, Boston, USA. PMid:6477887
- Benbasat I, Goldstein D, and Mead M (1987). The case research strategy in studies of information systems. MIS Quarterly, 11(3): 369-386. https://doi.org/10.2307/248684
- Bird B (1988). Implementing entrepreneurial ideas: The case for intentions. Academy of Management Review, 13(3): 442-454.
- Bird B (1993). Demographic approaches to entrepreneurship: The role of experience and background. Advances in Entrepreneurship, Firm Emergence and Growth, 1(11): 11-48.
- Bird B (1995). Towards a theory of entrepreneurial competency. Advances in Entrepreneurship, Firm Emergence and Growth, 2(1): 51-72.
- Bruno AV and Tyebjee TT (1982). The environment for entrepreneurship. In: Kent CA, Sexton DL, and Vesper KH, (Eds.), Encyclopaedia of entrepreneurship: 288-315. Prentice-Hall, Englewood Cliffs, USA.
- Brush CG, Greene PG, and Hart MM (2001). From initial idea to unique advantage: The entrepreneurial challenge of constructing a resource base. Academy of Management Executive, 15(1): 64-78. https://doi.org/10.5465/AME.2001.4251394
- Bruton GD, Ahlstrom D, and Obloj K (2008). Entrepreneurship in emerging economies: Where we are today and where should the research go in the future. Entrepreneurship Theory and Practice, 32(1): 1-14. https://doi.org/10.1111/j.1540-6520.2007.00213.x
- Chandler G and Hanks SH (1994). Founder competence, the environment and venture performance. Entrepreneurship Theory and Practice, 18(3): 77-89.
- Chandler GN and Jansen E (1992). The founder's self-assessed competence and venture performance. Journal of Business Venturing, 7(3): 223-236. https://doi.org/10.1016/0883-9026(92)90028-P
- Clark BR (1998). Creating entrepreneurial universities: Organizational pathways to transformation. Pergamon Press, Surrey, UK.
- Cooper AC and Gimeno GFJ (1990). Entrepreneurs, process of founding, and new firm performance. Institute for Research in the Behavioral, Economic, and Management Sciences, Krannert Graduate School of Management, Purdue University, West Lafayette, USA.
- Cooper AC, Gimeno GFJ, and Woo CY (1994). Initial human and financial capital as predictors of new venture performance. Journal of Business Venturing, 9(5): 371-395. https://doi.org/10.1016/0883-9026(94)90013-2
- Cooper AC, Woo CY, and Dunkelberg WC (1988). Entrepreneur's perceived chances for success. Journal of Business Venturing, 3(2): 97-108. https://doi.org/10.1016/0883-9026(88)90020-1
- Davidsson P (2016). Researching entrepreneurship: Conceptualization and design. Springer International Publishing, Cham, Switzerland. https://doi.org/10.1007/978-3-319-26692-3
- De Faoite D, Henry C, Johnson K, and Van DSP (2003). Education and training for entrepreneurs: A consideration of initiatives in Ireland and the Netherlands. Education and Training, 45(8/9): 430-438. https://doi.org/10.1108/00400910310508829
- Eisenhardt KM (1989). Building theories from case study research. Academy of Management Review, 14(4): 532-550.
- EPU (2006). 9th Malaysian Plan 2006-2010. Economic Planning Unit Malaysia, Putrajaya, Malaysia.
- Etzkowitz H (1983). Entrepreneurial scientists and entrepreneurial universities in American Academic Science. Minerva, 21(2-3): 1-21.
- Fairweather JS (1990). The university's role in economic development: Lessons for academic leaders. Journal of the Society of Research Administrators, 22(3): 5-12.
- Gartner WB (1985). A conceptual framework for describing the phenomenon of new venture creation. Academy of Management Review, 10(4): 696-706.
- Gerber TP (2001). Paths to success: Individual and regional determinants of self-employment in post-communist Russia. International Journal of Sociology, 31(2): 3-37. https://doi.org/10.1080/15579336.2001.11770227
- Gibb A (2006). Towards the entrepreneurial university. Entrepreneurship education as a lever for change. International Journal of Entrepreneurship Education, 4(1): 73-110.
- Gnyawali R and Fogel DS (1994). Environments for entrepreneurship development: Key dimension. Entrepreneurship Theory Practice, 18(4): 43-62.
- Green S and Pryde P (1989). Black entrepreneurship in America. Transaction Publishers, Piscataway, USA.
- Grundstén H (2004). Entrepreneurial intentions and the entrepreneurial environment: A study of technology-based new venture creation. Ph.D. Dissertation, Helsinki University of Technology, Espoo, Finland.
- Hagen R (2002). Globalization, university transformation and economic regeneration: A UK case study of public/private sector partnership. International Journal of Public Sector Management, 15(3): 204-218. https://doi.org/10.1108/09513550210423370
- Harrell S (1985). Why do the Chinese work so hard? Reflections on an entrepreneurial ethic. Modern China, 11(2): 203-226. https://doi.org/10.1177/009770048501100203
- Hofstede G (1980). Culture's consequences: International differences in work-related values. SAGE Publications, Beverly Hills, USA.
- Ibrahim AB and Goodwin JR (1986). Perceived causes of success in small business. American Journal of Small Business, 12(1): 41-50.
- Jabar J (2011). An empirical study of strategic technology alliances and the performance of Malaysian manufactures. Ph.D. Dissertation, University of South Australia, Adelaide, South Australia.
- Jaffe AB, Manuel T, and Rebecca H (1993). Geographic localization of knowledge spillovers as evidenced by patent citations. Quarterly Journal of Economics, 108(3): 577-598. https://doi.org/10.2307/2118401
- Kalleberg AL and Leicht KT (1991). Gender and organizational performance: Determinants of small business survival and success. Academy of Management Journal, 34(1): 136-161. https://doi.org/10.2307/256305
- Kao J (1993). The worldwide web of Chinese business. Harvard Business Review, 71(2): 24-36.
- Kirby D (2006). Creating entrepreneurial universities in the UK: Applying entrepreneurship theory and practice. Journal of Technology Transfer, 31(5): 599-603. https://doi.org/10.1007/s10961-006-9061-4
- Lui TL and Wong TWP (1994). Chinese entrepreneurship in context. Hong Kong Institute of Asia-Pacific Studies, the Chinese University of Hong Kong, Shatin, Hong Kong.
- Lundberg DE, Krishnamoorthy M, and Stavenga MH (1995). Tourism economics. Wiley, Hoboken, USA.
- Malecki EJ (1997). Entrepreneurs, networks and economic development: A review of recent research. In: Katz JA (Ed.), Advances in entrepreneurship, emergence and growth: 57-118. JAI Press, Greenwich, USA. PMCid:PMC1381840
- Man TWY, Lau T and Chan KF (2002). The competitiveness of small and medium enterprises: A conceptualization with focus on entrepreneurial competencies. Journal of Business Venturing, 17(2): 123-142. https://doi.org/10.1016/S0883-9026(00)00058-6
- McKelvie A and Wiklund J (2004). How knowledge affects opportunity discovery and exploitation among new ventures in dynamic markets. In: Butler JE (Ed.), Opportunity identification and entrepreneurial behaviour: 219-239. Information Age Publishing, Greenwich, USA.
- Mokry BW (1988). Entrepreneurship and public policy: Can government stimulate business startups?. Quorum Books, Westport, USA. PMid:3130242
- Murad AM and Thomson JD (2010). The importance of technology diffusion in Malaysian manufacturing SMEs. In the International Conference on Management Technologies and Applications, Research Publishing Services, Singapore, Singapore: 79-83. https://doi.org/10.3850/978-981-08-6884-0_C017
- Murphy GB, Trailer JW, and Hill RC (1996). Measuring performance in entrepreneurship research. Journal of Business Research, 36(1): 15-23. https://doi.org/10.1016/0148-2963(95)00159-X
- O'Neill HM and Duker J (1986). Survival and failure in small business. Journal of Small Business Management, 24(1): 30-37.
- Olsen MD, West JJ, and Tse EC (1992). Strategic management in the hospitality industry. John Wiley and Sons, Hoboken, USA.
- Ostgaard TA and Birley S (1996). New venture growth and personal networks. Journal of Business Research, 36(1): 37-50. https://doi.org/10.1016/0148-2963(95)00161-1
- Pennings JM (1980). Environmental influences on the creation process. In: Kimberly JR, Kimberly J, and Miles RH (Eds.), The organizational life cycle: Issues in the creation, transformation, and decline of organizations. Jossey-Bass Inc Pub., San Francisco, USA. PMid:6937191 PMCid:PMC1162190
- Raduan R, Naresh K, and Lim LY (2006). The dynamics of entrepreneurs' success factors in influencing venture growth. Journal of Asia Entrepreneurship and Sustainability, 2(2): 1-23.
- Reuber AR and Fischer EM (1994). Entrepreneur's experience, expertise, and the performance of technology based EIRMS. IEEE Transactions on Engineering Management, 41(4): 1-10. https://doi.org/10.1109/17.364560
- Rinne R and Koivula J (2005). The changing place of the university and a clash of values. The entrepreneurial university in the European knowledge society: A review of the literature. Higher Education Management and Policy, 17(3): 91-123.
- Ronstadt R (1984). Entrepreneurship-text: Cases and notes. Lord Pub., USA.
- Ronstadt R (1988). The corridor principle. Journal of Business Venturing, 3(1): 31-40. https://doi.org/10.1016/0883-9026(88)90028-6
- Sambasivan M, Abdul M, and Yusop Y (2009). Impact of personal qualities and management skills of entrepreneurs on venture performance in Malaysia: Opportunity recognition skills as a mediating factor. Technovation, 29(11):798-805. https://doi.org/10.1016/j.technovation.2009.04.002
- Saxenian A (1994). Regional advantage: Culture and competition in Silicon Valley and RTE. Harvard University Press, Cambridge, USA. PMCid:PMC2486601
- Schneider B and Bowen DE (1995). Winning the service game. Harvard Business School Press, Boston, USA.
- Shane S (2000). Prior knowledge and the discovery of entrepreneurial opportunities. Organization Science, 11(4): 448-469. https://doi.org/10.1287/orsc.11.4.448.14602
- Sharir M and Lerner M (2006). Gauging the success of social ventures initiated by individual social entrepreneurs. Journal of World Business, 41(1): 6-20. https://doi.org/10.1016/j.jwb.2005.09.004
- Shattock M (2005). European universities for entrepreneurship: Their role in the Europe of knowledge. Higher Education Management and Policy, 17(3): 13-25. https://doi.org/10.1787/hemp-v17-art16-en
- Simpson M, Tuck N, and Bellamy S (2004). Small business success factors: The role of education and training. Education and Training, 46(8/9): 481-491. https://doi.org/10.1108/00400910410569605
- Siu W and Martin RG (1992). Successful entrepreneurship in Hong Kong. Long Range Planning, 25(6): 87-93. https://doi.org/10.1016/0024-6301(92)90174-Z
- Soosay C, Nunes B, Bennett DJ, Sohal AS, Jabar J, and Winroth M (2016). Strategies for sustaining manufacturing competitiveness Comparative case studies in Australia and Sweden. Journal of Manufacturing Technology Management, 27(1): 6-37. https://doi.org/10.1108/JMTM-04-2014-0043
- Stites RW (1985). Industrial work as an entrepreneurial strategy. Modern China, 11(2): 227-246. https://doi.org/10.1177/009770048501100204
- Swanson D and Webster L (1992). Private sector manufacturing in the Czech and Slovak Republic: A survey of firms. The World Bank, Washington, USA.
- Terpstra DE and Olson PD (1993). Entrepreneurial start-up and growth: A classification of problems. Entrepreneurship: Theory and Practice, 17(3): 5-21.
- Thornton P, Ribeiro D, and Urbano D (2011). Socio-cultural factors and entrepreneurial activity: An overview. International Small Business Journal, 29(2): 105-118. https://doi.org/10.1177/0266242610391930
- Van PCM (2003). Business survival and success of young small business owners: An empirical analysis. Small Business Economics, 21(1): 1-17. https://doi.org/10.1023/A:1024453200297
- Varga A (2000). Local academic knowledge transfers and the concentration of economic activity. Journal of Regional Science, 40(2): 289-309. https://doi.org/10.1111/0022-4146.00175
- Vesper KH (1980). New venture strategies. Prentice Hall, Upper Saddle River, USA. PMCid:PMC440678
- Vesper KH (1983). Entrepreneurship and national policy. International Corporation Institute for Small Business, Chicago, USA.
- Walker E and Brown A (2004). What success factors are important to small business owners? International Small Business Journal, 22(6): 577-594. https://doi.org/10.1177/0266242604047411
- Wiklund J and Shepherd DA (2003). Knowledge-based resources, entrepreneurial orientation and the performance of small and medium-sized businesses. Strategic Management Journal, 24(13): 1307-1314. https://doi.org/10.1002/smj.360
- Williams W, Blythe T, White N, Li J, Sternberg RJ, and Gardner H (1996). Practical intelligence for school. Allyn and Bacon, Boston, USA.
- Yeung HWC (2002). Entrepreneurship in international business: An institutional perspective. Asia Pacific Journal of Management, 19(1): 26-61. https://doi.org/10.1023/A:1014887523110
- Yin RK (1989). Case study research: Design and methodology. SAGE Publications, Thousand Oaks, USA.
- Yin RK (2003). Case study research: Design and methods. SAGE Publications, Thousand Oaks, USA.
- Zhou C and Peng X (2008). The entrepreneurial university in China: Nonlinear paths. Science and Public Policy, 35(9): 637-646. https://doi.org/10.3152/030234208X363187
|