ROLE OF POWER DISTANCE AND INDIVIDUALISM VS COLLECTIVISM IN SHAPING ENTREPRENEURIAL INTENT
DOI:
https://doi.org/10.12955/peb.v4.388Keywords:
Entrepreneurship, Entrepreneurial Intent, Entrepreneurial Activity, Culture, Hofstede, Economic growth, Saudi ArabiaAbstract
This study examines how two of Hofstede's cultural dimensions—Power Distance and Individualism versus Collectivism—affect entrepreneurial intent in Saudi Arabia. Using Hofstede's Cultural Dimensions as a framework, the research explores how cultural differences shape entrepreneurial activities, focusing on Saudi culture compared to other global cultures. The study aims to empirically analyse the influence of these cultural dimensions on entrepreneurial intent, assess their role in the success of entrepreneurial ventures in Saudi Arabia, and provide insights for entrepreneurs and policymakers to enhance decision-making and strategic planning. The research methodology includes a literature review and a self-administered online survey completed by 200 respondents. The findings reveal that High Power Distance and Collectivism significantly impact entrepreneurial intent in Saudi Arabia, offering valuable implications for promoting entrepreneurship in alignment with Saudi Arabia's Vision 2030. The study also contributes to academic understanding by providing a framework to analyse the relationship between cultural dimensions and entrepreneurial activities in the Saudi context.
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