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Cultural and Socio-Cultural Determinants of Entrepreneurial Mindset and Behavior: A Review and Analysis

Author

Listed:
  • Imelda Sejdini

    (Business Administration Department, University of Elbasan "Aleksandër Xhuvani", Albania)

  • Ina Sejdini

    (Economics Department, University of Elbasan "Aleksandër Xhuvani", Albania)

  • Ardita Todri

    (Finance and Accounting Department, University of Elbasan "Aleksandër Xhuvani", Albania)

Abstract

This article analyses the influence of cultural and socio-cultural factors on the development of entrepreneurial mindset and behavior across different regions worldwide. Analyzing existing literature, international reports, and recent statistics, it highlights how cultural dimensions such as individualism, collectivism, uncertainty avoidance, and long-term orientation shape entrepreneurial attitudes and actions. The study underscores that countries with open, innovation-friendly cultures tend to exhibit higher rates of new venture creation, whereas more conservative societies display lower entrepreneurial activity. The role of education, social norms, and public policies in fostering entrepreneurial culture is emphasized as crucial for economic growth and social progress. Overall, the findings suggest that understanding and leveraging cultural values can significantly enhance entrepreneurial development, advocating for targeted strategies to cultivate an environment conducive to innovation, risk-taking, and social capital building across diverse cultural contexts.

Suggested Citation

  • Imelda Sejdini & Ina Sejdini & Ardita Todri, 2026. "Cultural and Socio-Cultural Determinants of Entrepreneurial Mindset and Behavior: A Review and Analysis," Sustainable Regional Development Scientific Journal, Sustainable Regional Development Scientific Journal, vol. 0(1), pages 79-86, June.
    • Handle: RePEc:bfb:srdjou:2026-01_5
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    References listed on IDEAS

    as
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    More about this item

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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