201 / 2016-06-25 11:28:38

The Impact of Factors Inhibiting the Drive of Entrepreneurship in Pakistan: Empirical evidence from Young entrepreneurs and Students

10611,10612,6319,10613,10614,7596

Nowadays, in the era of competitiveness and competition, the innovation and development of a country cannot be achieved without successful entrepreneurial process. The current research is intended to elaborate the factors obstructing the drive of entrepreneurship in Pakistan. For this purpose, a quantitative survey was conducted in order to examine six factors: lack of education and skills, terrorism, social status, political environment, lack of financial resources and business environment with motivation of entrepreneurship. Data was collected through questionnaire using simple random sampling technique from young businessmen and students from 3 cities in Pakistan, which includes Lahore, Gujranwala and Islamabad. For the purpose of analysis, 200 questionnaires, selected from the sample (250), show the response rate of 80%. The analysis was conducted using SPSS 19; the results showed that the factors such as lack of education and skills, terrorism, social status, political environment, lack of financial resources and business environment have significant relation with the motivation of entrepreneurship in Pakistan. The current study provides valuable information and recommendation to government, financial institutions, socialists and potential entrepreneurs to improve the culture of entrepreneurship in Pakistan.