Abstract
This qualitative study focuses on the relationship between culture and entrepreneurship in the Torres Strait Islands. Similar to other countries with a low per capita Gross Domestic Product (GDP), aggregate evidence suggests that entrepreneurial activity is commonplace among the indigenous community. Closer investigation revealed this is particularly so for a form known as "marginal" entrepreneurship. Using Hofstede's (1994) model of cultural dimensions linked to key western entrepreneurial traits, a sample of 61 Torres Strait entrepreneurs showed sizable perceptual trait differences compared with western theory. This has implications on the received current wisdom regarding typical values and characteristics of entrepreneurs. It would appear that cultural differences exist between the entrepreneurs of the Torres Straits and others. The implications of this finding have a potentially significant impact on policy and the level and types of investment funds made available for enabling entrepreneurship in the Torres Straits.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
