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Globalisation And Enterprise Culture In Developing Economies: A Preliminary Assessment, Roshni Narendran

Faculty of Business - Papers (Archive)

The global environment has been susceptible to changes for centuries. In recent years, the process which have moved the world towards "global interdependence and exchange' have been known as globalisation (Mazuri, 2002). Globalisation led to changes in the social and economic environment, and in both developed and developing countries experienced opportunities for economic growth. This was an uneven process but provided opportunities for new entrepreneurial activities. According to Schumpeter (1934), entrepreneurial activities are the result of combinations from discovering new markets, new raw materials, new suppliers and new production methods. These entrepreneurial activities would enable opportunities to be exploited and …