Description
Why do some entrepreneurial enterprises and business ideas thrive in some countries but not in others? Context, says the author, is key. Drawing on research of 51 enterprises in more than 20 countries, the author identifies five dimensions of the archetypical entrepreneurial society that increase the likelihood that ventures will be started and a higher proportion will flourish, not just growing domestically but expanding internationally. But don't despair if your country doesn't match the blueprint. This article suggests a variety of strategies that can be invoked to compensate for shortcomings in a country context so that new enterprises and existing small or medium-sized enterprises (SMEs) prosper, generating wealth and contributing to economic development and job creation.