Cross Cultural Comparisonof Entreprenurship Essay Example

has its own unique DNA when it comes to entrepreneurship.

To enhance the cultural comparison of entrepreneurship in the UK and Manner, this article will analyze the startup scenes of each country's six businesses using the BEEP framework. The following section will then integrate cross-cultural theories into the discussion.

Entrepreneurship Ecosystem in KICK

Entrepreneurship has long been a prominent aspect of the business landscape in the UK, where a strong emphasis on individualism and achievement has made it a prime destination for startups seeking to launch their businesses.

The trade center in London provides a convenient platform for startups to connect, acquire funding, and receive assistance. Additionally, the UK's art and culture sector serves as inspiration for original ideas and progress. Many entrepreneurs based in the UK are known globally for their achievements in popular culture (Culture Label Agency, 2014). Subsequently, the upcoming segment will outline significant trends within each domain of BEEP applicable to the UK's budding startup scene.

1. Policy Strong regulatory framework for patent law, R&D, and government financing to support entrepreneurship
2. Finance Angel investors, venture capitalist, bank loans, and scrounging, are the most common approach
3. Support Systems - Many co-working spaces, incubator and accelerator programs such as Teacher and The Trampers
4. Human Capital Government invest in education as well as in training and development - Skilled and experienced workforce - Professionalism in the workplace due to presence of big corporations
5. Markets
6. Business models have to be redefined in a innovative way to gain an advantage in a competitive market.

Entrepreneurship Ecosystem

in Manner

After the political and economic reforms in 2011 (Mccarty, 2012), entrepreneurship gained momentum. Most startups in Manner are not leading in global innovation. Rather, they typically adopt successful international business models and tweak them to fit the local market.

Policy

The inadequate regulatory framework for patent law, research and development, and government funding impedes entrepreneurship in the US. The prevalent approaches for financing are self-funding and obtaining capital from family and friends. Although there is a shortage of incubator and accelerator programs, there are increasing numbers of such programs like Ordered, Project Hub Yang, and Divided recently.

• Easy for networking due to high concentration of businesses in the region
• Lack Of fast accessible internet has been the primary problem for tech startups Public education does not offer critical thinking and creative courses
• Shortage of skilled and experienced workforce
• Lack of professionalism in the workplace Plenty of opportunities In every sector of the economy to grow with simple retardation of business models from abroad without much innovation
• Consumers have a pessimistic speculation of the market until 2015
• Products might be too advance for the consumers due to lack of exposure and wariness
• Tech and mobile industry is growing rapidly.

The text discusses "Culture".

• Burmese people are very shy and reserved
• Still reluctant to collaborate with international community
• Strong family networks in Manner
• Failure is viewed negatively (McCarty', 2012) (Steinberg, 2001)

Verbal communication through languages is significant in fostering connections across diverse

cultures. The use of non-verbal cues in tandem with language further enhances the understanding of cultural diversity.

According to Hall (1976), effective communicators are expected to be straightforward, concise, and efficient when conveying what action is required to reduce uncertainties. This approach is particularly beneficial for entrepreneurs when presenting business ideas to potential investors. In contrast, high-context cultures like that of Manner rely less on language precision and more on body language and intuition. These cultures are collectivist, intuitive, and sensitive, possibly reflecting the femininity of the society. As such, people from high-context cultures place emphasis on context, which may include a speaker's tone of voice, facial expression, gestures, posture, as well as their family history and social status (Hall, 1976).

Startups may face difficulty while presenting their ideas to investors due to the prevalence of implicit communication methods.

Application of Cross-cultural Theories On Entrepreneurship

The cultural and values orientation of Manner has received little research attention, unlike ELK. Both Greet Hefted and Francs Trampers did not include Manner in their studies. To compare the entrepreneurship cultures of the UK and Manner, this essay utilizes Greet Hefted's (2015) framework to explain the distinctions between the two ecosystems.

Hypotheses Cultural Dimensions

The data presented was sourced from two different places: The Hefted Center website, which provided the UK scores, and Nickering's 2008 article published in the Journal of Organizational Culture, Communications, and Conflict, which provided information on cultural assessments of Manner. The study conducted by Nickering surveyed 37 Burmese citizens using the Hefted survey, and found that Manner culture exhibited characteristics of low power distance, high femininity, moderate individualism, high uncertainty avoidance, and moderate

short-term orientation. In contrast, the UK scores indicated low power distance, high masculinity, high individualism, low uncertainty avoidance, and moderate short-term orientation.

Power Distance

Individualism vs.Collectivism

Contrary to popular belief, being positioned between individualistic and collective cultures creates a unique ecosystem, especially in the finance and support domains. The Burmese possess a partial individualistic culture that fosters an entrepreneurial spirit, while their half collective culture enables startup financing to occur informally through loved ones in spite of a lack of angel investors, venture capitalists, and bank loans. In addition, when Mandalay is lacking incubators and accelerator programs, families and friends serve as mentors and inspirations within the support system (Nickering 2008).

The UK is a masculine society where competitiveness and aggressive behavior are prevalent. The decision-making process is dominated by logic and reasoning, which is beneficial for maintaining revisionism and training human capital as individuals are driven to succeed (Hull & Bosses, 1980). In contrast, manners in the UK are considered feminine, resulting in a slower progression towards professionalism in the workplace. Additionally, the high-context culture in the UK favors intuition and personal relationships, making family emergency a priority over work-related decisions.

The reason why Manner lacks professionalism is because they have been isolated from the rest of the world for a long time and are not used to working in large organizations (Steinberg, 2001). Nonetheless, Burmese leaders have the potential to become great leaders because they possess an intuition for understanding the emotions of others and prioritize cultivating relationships.

Uncertainty Avoidance

It can also be said that KICK faces fewer uncertainties compared to Manner's economy transitioning.

Long-term vs. Short-term orientation

The L

TO for J is 25 and Manner is 46. The ASK culture is short-term orientated, which favors instant results, outcomes, mutual funds, leisure time, and spending (Hefted, 2001). This culture is quite conducive to the entrepreneurial environment because it emphasizes leisure time and spending, encouraging citizens to become self-employed for independence from organizations and institutions. Additionally, the focus on instant results and outcomes attracts more venture capitalists and angel investors since mutual funds and business investments typically yield faster results than real estate investments.