Rural Entrepreneurship Success Factors: An Empirical Investigation in an Emerging Market

[...]the prediction of business failure or success has become an imperative research topic to entrepreneurship, and other relevant stakeholders such as international and government agencies, public policymakers, investors, suppliers, educators, and consultants (Dennis & Fernald, 2001; Galli-Debi...

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Bibliographic Details
Published in:Journal of small business strategy 2021-01, Vol.31 (4), p.5-19
Main Authors: Gyimah, Prince, Lussier, Robert N
Format: Article
Language:English
Subjects:
Consultants
Developed countries
Economic development
Economic growth
Emerging markets
Entrepreneurs
Entrepreneurship
GDP
Government agencies
Gross Domestic Product
Industrialized nations
Job creation
Poverty
Rural areas
Small business
Success factors
Sustainable development
Teachers
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Summary:[...]the prediction of business failure or success has become an imperative research topic to entrepreneurship, and other relevant stakeholders such as international and government agencies, public policymakers, investors, suppliers, educators, and consultants (Dennis & Fernald, 2001; Galli-Debicella, 2020; Gyimah et al., 2019, 2020; Gyimah & Adeola, 2021; Halabí & Lussier, 2014; Lussier & Corman, 1995). [...]knowing the critical factors that contribute to the success or failure of rural businesses is crucial to the attainment of sustainable development (Salder et al., 2020). [...]government agencies, public policymakers, investors, suppliers, educators, and consultants can use the model to aid in their decisions. [...]this study has practical implications that can also strengthen the businesses by contributing to a holistic approach in achieving the United Nations Sustainable Development Goals (SDG); including no poverty (SDG 1); and decent work, and economic growth (SDG 8). [...]since there is no universal theory or model for predicting small business success or failure (Lussier & Pfeifer, 2000; Marom & Lussier, 2014), this study further validates the Lussier (1995) model as an international predictor of small business success or failure that can be used in other developing and developed countries. Despite the significant importance of entrepreneurship, there is no universally accepted definition of entrepreneurship due to its multifaceted context. [...]rural entrepreneurship has diverse definitions and meanings (Pato & Teixeira, 2018; Saadatmand & Barber, 2019).
ISSN:1081-8510
2380-1751
DOI:10.53703/001r.2q470