Entrepreneurship Development and Communication Skills

2.2.1.2 Social Factors

2.2.1.2 Social Environment

No one can under-rate the social environment in a country exercises a significant impact on the emergence of entrepreneurship. The main components of social environment are as follows;

(i) Legitimacy of Entrepreneurship . The proponents of non-economic factors give emphasis to the relevance of a system of norms and values within socio-cultural setting for the emergence of entrepreneurship.

(ii) Social Mobility . Social mobility involves the degree of mobility, both social and geographical, and the nature of mobility channels within a system. The opinion that social mobility is crucial for entrepreneurial emergence is not unanimous. Some hold the view that a high degree of mobility is conductive to entrepreneurship.

(iii) Security . Several scholars have advocated entrepreneurial security as an important facilitator of entrepreneurial behavior. One regard security to be a significant factor for entrepreneurship development. This is reasonable too because if individuals are fearful of losing their economic assets or being subjected to various negative sanctions, they will not be inclined to increase their security by behaving entrepreneurially.