World Scientific
Skip main navigation

Cookies Notification

We use cookies on this site to enhance your user experience. By continuing to browse the site, you consent to the use of our cookies. Learn More
×

System Upgrade on Tue, May 28th, 2024 at 2am (EDT)

Existing users will be able to log into the site and access content. However, E-commerce and registration of new users may not be available for up to 12 hours.
For online purchase, please visit us again. Contact us at customercare@wspc.com for any enquiries.

DOING BUSINESS IN THE TORRES STRAITS: A STUDY OF THE RELATIONSHIP BETWEEN CULTURE AND THE NATURE OF INDIGENOUS ENTREPRENEURS

    https://doi.org/10.1142/S1084946707000630Cited by:13 (Source: Crossref)

    This qualitative study focuses on the relationship between culture and entrepreneurship in the Torres Strait Islands. Similar to other countries with a low per capita Gross Domestic Product (GDP), aggregate evidence suggests that entrepreneurial activity is commonplace among the indigenous community. Closer investigation revealed this is particularly so for a form known as "marginal" entrepreneurship. Using Hofstede's (1994) model of cultural dimensions linked to key western entrepreneurial traits, a sample of 61 Torres Strait entrepreneurs showed sizable perceptual trait differences compared with western theory. This has implications on the received current wisdom regarding typical values and characteristics of entrepreneurs. It would appear that cultural differences exist between the entrepreneurs of the Torres Straits and others. The implications of this finding have a potentially significant impact on policy and the level and types of investment funds made available for enabling entrepreneurship in the Torres Straits.