CrossCulturalComparisonofEntreprenurship

Topics: Geert Hofstede, Cross-cultural communication, Organizational culture Pages: 17 (3016 words) Published: March 11, 2015




LEI 3006 DL
Business Communications

Essay
Entrepreneurship in UK and Myanmar

May Thin Kyu
Student ID: ​
15402213

Tutor: ​
Lidia Douglas
Word ​
Count: 2500
Date: ​
10/2/2015



Table of Contents
1. Introduction

4

2. Entrepreneurship

4

2.1 Babson Entrepreneurship Ecosystem Project

5-6

2.1.a) Entrepreneurship Ecosystem in UK

6-7

2.1.b) Entrepreneurship Ecosystem in Myanmar

7-8

3. Culture
3.1 Significance of languages across different culture
4. Application of Cross-cultural Theories on Entrepreneurship

9-10
10

4.1. Hofstede’s Cultural Dimensions

10

4.1.a. Power Distance

11

4.1.b. Individualism vs Collectivism

11-12

4.1.c. Masculinity vs Femininity

12

4.1.d. Uncertainty Avoidance

12-13

4.2.e. Long Term vs Short Term Orientation

13

5. Conclusion

13-14

6. References
15-16



1.Introduction
Prominent figures such as Richard Branson, JK Rowling, Simon Cowell, and Philip Green are some of the highly recognized British entrepreneurs around the world. Five thousand miles away, Burmese entrepreneurs like Ye Myat Min, the founder of Nex, a tech startup for mobile development; Htet Myat Oo with Rangoon Teahouse in the restaurant business; Poht Poht Kyi for Myanmar Imperial college in education sector; and Jim and Debbie Taylor with Proximity Designs, a social enterprise are setting up successful ventures in Myanmar. Entrepreneurship is one of the crucial elements in the economy and in business. In addition, relating the concept in different cultural contexts gives powerful insight and new connections. The essay will conduct a cross-cultural examination of entrepreneurship in Myanmar and UK through Isenberg’s Babson Entrepreneurship Ecosystem Project

and theoretical frameworks of Hall and

Hofstede.
2. Entrepreneurship
Entrepreneur is an agent of change that plans, manages, and bears the risk of a startup. Entrepreneurship is a process of initiating a new business through an efficient allocation of resources to generate profitable return (Hull and Bosley, 1980). It is often regarded as one of the effective way to facilitate a return on land, labour, and capital to promote national economic growth transition economies in developing nations such as Myanmar, Soviet Union countries, South Africa, Chile, Vietnam, and China (Urban, 2007). Likewise, it could be said that entrepreneurship also thrives in developed countries with stable market economy such as UK, EU nations, US, Australia, and Canada (Urban, 2007).



2.1. Babson Entrepreneurship Ecosystem System

Professor of Babson College, Daniel Isenberg (2012) proposes in Babson Entrepreneurship Ecosystem Project (BEEP) that startup environment are hyper local and usually city-based. It means each entrepreneurial outcome are the result of a different interaction of the 6 domains (​

policy, finance, culture, support
systems, human capital, markets​
) as indicated by ​
Figure 1​
. Hence, each country
has their own genetic code for entrepreneurship. Such variations in a blueprint of a nation’s entrepreneurship ecosystem are heavily influenced by a country’s history and culture (Thurik and Dejardin, 2010). In order to carry out a better cultural comparison of entrepreneurship in UK and Myanmar, each nation’s



startup scene will be examined in the context of BEEP framework before incorporating with the cross-cultural theories in the next section. 2.1.a. Entrepreneurship Ecosystem in UK
As a developed nation, entrepreneurship in UK is not a novel concept since it has been the hub for startups to launch their business because of its individualistic and achievement-orientated culture. Moreover, the trade center, London makes it a accessible for startups to network, raise capital, and find support. Furthermore, the art and culture scene in UK provides an inspiration for creative ideas and innovation. Most of the entrepreneurs are highly...

References: economies in developing nations such as Myanmar, Soviet Union countries, South
Africa, Chile, Vietnam, and China (Urban, 2007)
entrepreneurship also thrives in developed countries with stable market economy
such as UK, EU nations, US, Australia, and Canada (Urban, 2007).
Professor of Babson College, Daniel Isenberg (2012) proposes in Babson
Entrepreneurship Ecosystem Project (BEEP) that startup environment are hyper
a nation’s entrepreneurship ecosystem are heavily influenced by a country’s
history and culture (Thurik and Dejardin, 2010)
creative ideas and innovation. Most of the entrepreneurs are highly recognized
by the world in pop culture (Culture Label Agency, 2014).
(Culturel Label Agency, 2014)
2.1.b
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