"The collective programming of the mind which distinguishes the members of one human group from another and includes systems and values" (Hofstede, 1980, p.25)
There …show more content…
In short, the relationship individualism has with entrepreneurship differs across countries with dissimilar levels of economic development.
The cultural contrast between Singapore and UK can be assessed using Hofstede’s Cultural Dimensions Model. Essentially, Singapore is a metropolitan Asian country with features of low individualism (collectivism), interdependence; social hierarchy that embraces a mix of East meets West style of lifestyle, attitudes and values. Despite so, a higher degree of individualistic behaviourism can be observed in the past few decades. Singapore has been discovered to shift towards individualism under greater Western influences faster than most countries within the South East Asia region (And and Stratton 1995; Hill …show more content…
2005) and they found similar conclusions to both cases after reviewing their research. The first conclusion was that both developed and developing countries had shown a positive significant relationship between entrepreneurial performance in terms of profits, earning power of growth and the level of general education.
However, the following conclusion they had denotes ambiguous evidence in the relationship between occupational entrepreneurship and education. This is similar to the conclusions arrived by researchers from GEM, Acs et al. (2004), indicating a relationship that can neither be classified as negative or positive when assessing between entrepreneurial performance and level of education across different national