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ENTREPRENEURIAL TYPOLOGY IN A DEVELOPING ECONOMY:
THE CASE OF JORDAN

, KIRAN MIR ZAFARULLAH KHAN
Published in
Volume: 6
   
Issue: 1
Pages: 37 - 47
Abstract

The concept of entrepreneurship is a controversial issue in economics and management
literature. One paradigm suggests that entrepreneurial formation results from the interaction of
social and cultural forces, whereas another school of thought (McClelland, 1961) bases its
theories on economic growth. This is a debatable issue in developing economies. The objective
of this paper is to participate in closing the gap and contribute effectively to the body of
knowledge on entrepreneurship. Based on comprehensive interview guidelines, pertinent data
was collected from manufacturing firms operating in the Jordanian economy. Economic reward
and financial gain was cited by the vast majority of entrepreneurs as the main motive for setting
up their businesses. The study has identified an entrepreneurial gap in Jordan. The study goes
further, providing evidence that the motivation of entrepreneurs for going into business cannot
be explained by economic forces alone, but results rather from the interaction of a variety of
forces.

About the journal
JournalInternational Journal of Economics, Finance and Business Management Studies
Open AccessNo