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How do different cultural attitudes towards risk and failure affect the process of business start up?
Member rating: No Rating | Words: | Submitted: Thu Feb 05 2004
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How do different cultural attitudes towards risk and failure affect the process of business start up? Business start up occurs in almost every country in the world, even in cultures that have negative attitudes towards entrepreneurial activity. However what differs is that the level of start up tends to be higher in countries that prize individualism and furthering personal goals such as United States than countries that stress a persons place within a team and are expected to work in order to promote the team such as Japan. Cultural attitudes are often reflected in the response from the establishment; as such we can examine the establishments in different countries in order to gain an impression of the cultural attitude. The definition of what it is for a firm to fail is highly subjective; some people might consider it to be when a firm is unable to pay its debtors, or when...
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