Socio-Cultural Factors Influencing Entrepreneurial Activities: A Study on Bangladesh

Abstract

Development of new business through entrepreneurship directly impact on societies and economies grow and prosper. Although there has been considerable research based on psychological and economic approaches to entrepreneurship, the influence of socio-cultural factors, 1. Religion 2. Ethnicity 3. Family 4. Physical attributes 5. Economic Status 6. Education, make an impact on entrepreneurial development process in developing country. Therefore, the aim of this paper is to put together all factors from a theoretical perspective, the socio-cultural factors and entrepreneurial activity. In this sense, the article points an appropriate framework to develop future research analyzing the socio-cultural factors that influence the decisions to create new businesses.