Entrepreneurial Motives of Egyptian Entrepreneurs: Empirical Evidence From Egypt

Entrepreneurial Motives of Egyptian Entrepreneurs: Empirical Evidence From Egypt

Safaa Ahmed Hussein (University of Huddersfield, Huddersfield, UK & University of Alexandria, Alexandria, Egypt) and Walter Mswaka (University of Huddersfield, Huddersfield, UK)
DOI: 10.4018/IJCRMM.2018010101

Abstract

This article explores the growth of (SME) development in Egypt. It focuses on measuring the motives of Egyptian entrepreneurs. The research design of the article is based on a quantitative data collection method in which a questionnaire was administrated to 211 small and medium sized firm entrepreneurs in Alexandria, Egypt. The results of the article indicate that the financial motive has less impact than the need for recognition in the process of starting a business. However, the financial motive is greater than the need to preserve family businesses and traditions. The recognition motive is related to perceived favorable governmental policies designed to stimulate entrepreneurial development. The financial motives are not associated with perceived economic conditions or available marketing opportunities. The freedom motive is significantly related to economic conditions, governance, and marketing opportunities. The family tradition motive is significantly associated with economic conditions but only moderately related to marketing opportunity.
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2. Theoretical Background-Literature Review

Small and medium sized enterprises (SMEs) are acknowledged worldwide as the drivers of socio-economic development due to their important role in GDP growth, new job creation and entrepreneurship. The role of small and medium sized companies on the real gross domestic product (GDP) growth, new job creation and reduction of poverty is recognized at a worldwide level (Muller, et.al, 2014; OECD, 2014; Chowdhury, 2011). This role is particularly to curtail in developing economies, where there are comparably less number of large corporations (Narteh, 2013; Floyd& McManus, 2005), which leads to a larger impact of these economic units on the socio-economic development through reduced poverty and balanced income distribution.

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