Economic Inequality And Its Effects On The Decision-Making Of Entrepreneurs In Emerging Economies
Journal Title: Journal Of Business Leadership And Management - Year 2023, Vol 1, Issue 1
Abstract
Economic inequality additionally influences entrepreneurial decision-making through interactions with social and institutional variables. Entrepreneurs in nations with extreme inequality confront extra difficulties, such as restricted access to formal institutions, mentorship, and networks. These elements have an impact on their strategic decisions, which include collaborations, financial sourcing, and involvement with governmental organizations. Understanding how economic disparity affects how entrepreneurs make decisions has significant ramifications for both the development of specific companies as well as the entire economy in emerging nations. The success, expansion, and resiliency of firms can be affected by the choices made by entrepreneurs as a result of economic inequality. Businesses may increase their productivity, provide job opportunities, and support economic growth by tackling the problems caused by economic inequality through inclusive policies and creative tactics.
Authors and Affiliations
Mercy Tony
Keywords
Related Articles
- EP ID EP727925
- DOI 10.59762/jblm845920461120231009111225
- Views 52
- Downloads 0
Optimizing The Efficiency And Cost Of Enterprise Logistics Warehouse: From The Perspective Of Green Supply Chain Management
The aforementioned findings possess considerable ramifications for both research and application within the domain of logistics management. Nonetheless, this investigation is not without its constraints. Initially, the i...
Examining Thermal Comfort Levels and Physical Performance in Malaysian Settings: A Simulation Chamber Experiment
Thermal comfort refers to a situation where human feels satisfied with the environment's temperature. There is no absolute thermal comfort level that applies to all human, since it is a subjective situation that differ f...
Utilizing Net Promoter Score To Assess Customer Satisfaction And Brand Loyalty In The Real Estate Industry Of Thailand
This research aimed to examine the net promotion score to gauge customer satisfaction and brand loyalty of Real Estate businesses in Thailand. This research was focused on assessing the loyalty and satisfaction of custom...
Climate Change Variation And Farmer’s Viewpoint On Agriculture In Semi-Arid Region
It is anticipated that the variation in change within climate brought on by an increase in greenhouse gases would lead to greater temperatures as well as changing patterns of rain and snow, both of which will have a mome...
The Role Of Financial Institutions In Promoting Entrepreneurship And Economic Growth
Financial institutions have a significant role in fostering entrepreneurship, economic development, and the expansion of small and medium-sized businesses. They provide entrepreneurs with funding options such as loans, v...