Identifying and Evaluating the Factors Necessary for Promoting Entrepreneurship in a Country

Abstract

Purpose: Governments across the globe have been trying to build and foster a healthy, competitive business environment, wherein small, local businesses, as well as technology based smaller ventures, can take on larger business houses and corporate, without facing hurdles of economic constraint. Therefore, this research discusses the role of different factors important for sustainability of entrepreneurship.

Methodology: This study conducted the systematic review of literature and identified different themes, which helped in developing a conceptual model that indicates cause and effect relationship between dependent and independent variables.

Findings: According to the results of the study government policies may not have direct influence on entrepreneurship, but have positive influence over social system, market environment and financing support.

Conclusion: This research suggests that government should develop effective entrepreneurship policies that could addressed all needs and areas for sustainable growth of entrepreneur businesses.