THE IMPACT OF CULTURE ON ENTREPRENEURIAL DEVELOPMENT IN EDO STATE

ABSTRACT

This work examined the impact of culture on entrepreneurial development. Cultures that have embraced the concept of entrepreneurship and nurtured those with the traits have seen tremendous progress and development. Descriptive research survey design was used in building up this project work. The choice of this research design was considered appropriate because of its advantages of identifying attributes of a large population from a group of individuals. The design was suitable for the study as the study sought to ascertain the impact of culture in entrepreneurial development in Edo State.The paper concludes that the culture of an individual will shape our entrepreneurial tendencies, most of the time people that come from family businesses are very sensitive to business, and they have seen it first hand and embraced it and believe in it. Most successful businesses in the developed world have seen the fourth generation, celebrating 100 years, 150 years of being in business. While in the undeveloped world like our country Nigeria, we always witness the demise of organizations, because there have been no effectiveness succession planning and the children will rather go on to get jobs than stay and continue in the family business.