Expatriate Lebanese Entrepreneurship

Expatriate Lebanese Entrepreneurship

Philippe W. Zgheib (American University of Beirut, Lebanon)
Copyright: © 2017 |Pages: 20
DOI: 10.4018/978-1-5225-2066-5.ch013
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Abstract

The Lebanese have always been great travelers and emigration played an important role in their history. It became inevitable then that entrepreneurship played a major role in shaping the life of those Lebanese residing outside their motherland, as they had to rely on new and creative ways to sustain their living. Although Lebanese entrepreneurs know how to pinpoint opportunities, they still have limited knowledge of the administrative aspects of managing a business. In other words, Lebanese entrepreneurs have the talent but lack organizational skills. Lebanon is a country where management styles are still traditional. Thus, trying to apply modern management practices can be rather difficult. New technology and product diversification are introduced informally through individual efforts of entrepreneurs.
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Public Role

To be effective, government programs to encourage entrepreneurship ought to be designed. In Lebanon, Financial agencies ought to be involved more in the development of new firms. Moreover, “increasing the level of entrepreneurship needs considerable government dedication to support research and development and to encourage the transfer of technology from research institutions to the business world. Also, tax reform regarding profit realization could ease some of the financial pressures that Lebanese entrepreneurs face” (Zein, 2001).

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