Assessing the Effect of Endogenous Culture, Local Resources, Eco-Friendly Environment and Modern Strategy Development on Entrepreneurial Development

Abdulakim Erbo Gobena; Shashi Kant

doi:10.52633/jemi.v4i1.153

Authors

Abdulakim Erbo Gobena Bule Hora University, Ethiopia Author
Shashi Kant Bule Hora University, Ethopia Author

DOI:

https://doi.org/10.52633/jemi.v4i1.153

Keywords:

Entrepreneurship, Indigenous Culture, Eco-Friendly Environment, Local Resources, Modern Development Strategy, Innovation, Distinctive Competitive Advantage, Entrepreneurial Development

Abstract

Entrepreneurship is currently a global concern as its great contribution and key solutions to the economy by providing more job opportunity, income generation area, the basis for technology transfer and development and non-economic with regard to sustaining political and social activities, increasing intention of equal resource sharing and active participation in economic development is gradually increasing. This significant contribution became challenged with many key determinant factors such as indigenous culture, local resources, eco-friendly environment and modern development strategies directly or indirectly with the power of influencing entrepreneurship development. This paper aims to assess the effect of indigenous culture, local resources, eco-friendly environment and modern development strategies on entrepreneurial development. As the nature of this study is exploratory, extensive review of literature through systematic, clear, and reproducible design for detecting, evaluating, and inferring the existing body of recorded 106 documents from published and unpublished journal articles, international reports and books related to issues was used as a secondary data source. The study pointed out that indigenous culture like indigenous leadership culture, indigenous team working and indigenous skills have a significant effect on entrepreneurial development; local resources such as infrastructure, local human capital and finance limitation, environmental marketing, innovation and distinctive competitive advantage have a significant impact on entrepreneurial development. The study implicates a distinctive gap between eco-friendly environmental theory and the practical application of green products for entrepreneurial development. Further empirical research will be needed for future studies. Finally, the study forwards future concern areas and recommends the value of this work with its limitations.

Author Biographies

Abdulakim Erbo Gobena, Bule Hora University, Ethiopia

PhD Scholar, Bule Hora University, Ethiopia, Horn of Africa
Shashi Kant, Bule Hora University, Ethopia

Assistant Professor (Dr.), College of Business and Economics, Bule Hora University, Ethiopia, Horn of Africa

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