African Journal of
History and Culture

  • Abbreviation: Afr. J. Hist. Cult.
  • Language: English
  • ISSN: 2141-6672
  • DOI: 10.5897/AJHC
  • Start Year: 2009
  • Published Articles: 172

Review

Is culture a restraining or a driving force for entrepreneurship in Sri Lanka?

Dissanayake D.M.N.S.W
  • Dissanayake D.M.N.S.W
  • Department of Commerce and Financial Management, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka.
  • Google Scholar
Semasinghe D.M
  • Semasinghe D.M
  • Department of Commerce and Financial Management, Faculty of Commerce and Management Studies, University of Kelaniya, Sri Lanka.
  • Google Scholar


  •  Received: 13 June 2014
  •  Accepted: 21 November 2014
  •  Published: 31 January 2015

Abstract

Being entrepreneurial is vital for a country to ensure sustainability. Sustainability is ensured by high levels of opportunity recognition of ventures. Given this, this paper seeks to investigate context specific problems. Does entrepreneurship exist in a country like Sri Lanka? Are entrepreneurial activities limited due to the inherent culture in Sri Lanka? And does culture act as a driving force or a restraining force for entrepreneurship in Sri Lanka? To address these varied questions in existence, we analyze Geert Hofstede’s cultural dimensions in Sri Lankan context. Each dimension was interpreted and generalizations were drawn in relation to the entrepreneurial impact in Sri Lanka and subsequently questions were answered. A model of Levels of Opportunity Recognition was proposed as a depiction of a strategic tool of sustainability. Finally, we state that inferences drawn are adhering to subjectivity and thus those are required to be tested empirically imposing different implications.

Key words: Culture, opportunity recognition, sustainability, Sri Lanka.