Entrepreneurial Development and Its Influences: A Literature Review
Entrepreneurship is a continuous, innovative and equipped of being inspired. It plays a crucial role in the growth of the economy and brings about important changes in the business. Earlier studies have shown some variables that influence entrepreneurial growth in the context of market evolving. In the present research, in the outcome of changing market scenarios in Malaysian perspectives, an attempt has been made to study those variables that affect entrepreneurial growth. In order to build a forum for further study, the idea was to discuss these causes and affect. It was noted that several scholars have studied entrepreneurial orientations, the behaviour of entrepreneurs, their personality characteristics and leadership styles. The influence of entrepreneurial education on young people and various exogenous factors influencing entrepreneurial orientations (innovation, entrepreneurial risk-taking capacity, proactivity, info-seeking behaviour) such as cultural/ethnic context, background of family businesses and their emotional intelligence (EI) are also examined. Most of these findings, however, come from studies carried out mostly in industrialised parts of the world such as the USA, European Counties, Japan and some of them from China. In developed countries, a few studies have been reported. The Malaysian studies are focused only on small subject. Nonetheless, Malaysian views were found absent. In the Malaysian setting, this literature review can establish a forum for further research.