Traits of Successful Business Owners: A Comparative Study of Entrepreneurs in Singapore, the USA, Russia and Kazakhstan

• Main Authors: Zhuplev, Anatomy V., Kiesner, Fred, TAN, Wee Liang, Kozhakhmetov, A.B., Konkov, A.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 1999
• Subjects: Business
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/100; https://doi.org/10.1142/S021849589800014X
• Institution: Singapore Management University

This paper discusses the differences and similarities between the attitudes of entrepreneurs in four distinctly different localities of the world, with regard to the traits they believe to be important to their success as entrepreneurs. Over four hundred entrepreneurs were studied in four different countries: The United States, Singapore, Russia, and Kazakhstan. The US represents a more developed and established training environment. Singapore is one of the exciting "Tiger" countries and is embarking on a major thrust aimed at developing indigenous entrepreneurs. Russia and Kazakhstan are countries struggling to develop entrepreneurship as they attempt to enter the international market economy. Kazakhstan, though a much smaller country, is making far better progress in developing entrepreneurship than is Russia. The findings reveal the differences in attitudes and traits of entrepreneurs in differing ambiences of experience, economic development, and cultural experiences. In the increasingly smaller global business climate of today, this is important information to consider. As is the case with the authors of this study, business owners and entrepreneurs are all interacting with entrepreneurs in other countries of the world, and we must discover how we are similar, and how we differ, if we are to successfully interact and build a powerful entrepreneurial economic future.