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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 invation.
c) Personal relationship – Married people may avoid getting involved in business activities since no time is spared for the family.
d) Attitude towards innovation -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 development of entrepreneurial Lock one out of being competitive.
lydiajane74 answered the question on May 8, 2018 at 01:37
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