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- W2741387717 abstract "Abstract Entrepreneurs create jobs, pay taxes, create demand for product which turn creates jobs for other businesses, introduce new technology in the market and stimulate the economy by instilling confidence in people. These are the common reason why entrepreneurship is important for any country. Sustainable economy is directly related to number of potential entrepreneurs country is producing in certain period of time. For developed economy it is quite easy to start start-ups because of accessibility to capital, advanced technology and accessibility of good information. But for developing countries there are lots of problems to start new venture or for innovation. Several factors are responsible behind this complexity. This perspective article explored some of the major challenges to developing countries government to make good entrepreneurial environment and also includes some experiences from Nepal. There are several studies done to identify factors affecting entrepreneurship. Some of them are economic, psychological, political, cultural and social factors (Brockhaus & Nord, 2013). But in developing countries there are an extra challenges to motivate people for innovation because lack of political stability, corrupted bureaucrats, injustice and lack of physical infrastructures and skilled resources and technology. In conclusion, Training, access to the capital through loans, security of investment, and realistic accessibility on market information, e-governance, regular supervision and entry stage tax subsidy are the major contribution government can do for entrepreneurship development. Proper implementation of those techniques is still challenge for developing countries and much more challenge for least developed countries. © 2014 Published by Elsevier Ltd. Selection and/or peer-review under responsibility of the 10" @default.
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- W2741387717 date "2014-01-01" @default.
- W2741387717 modified "2023-09-27" @default.
- W2741387717 title "10th International Strategic Management Conference Development of Entrepreneurship Culture: Great Challenge for Developing Countries; Experience from Nepal" @default.
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