Social networks and entrepreneurships – does personal networks matters?

Institutional and social network are several major research traditions in the business and management areas. This paper examines the role of owner/managers’ social network on entrepreneurship initiatives and the underlying socio-cultural factors promoting or impeding SME development in Kazakhstan....

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Main Authors: Choban, Ugur, Noor Azuan Hashim
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2022
Online Access:http://journalarticle.ukm.my/19548/
http://journalarticle.ukm.my/19548/1/49510-187527-1-PB.pdf
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author Choban, Ugur
Noor Azuan Hashim,
author_facet Choban, Ugur
Noor Azuan Hashim,
author_sort Choban, Ugur
building UKM Institutional Repository
collection Online Access
description Institutional and social network are several major research traditions in the business and management areas. This paper examines the role of owner/managers’ social network on entrepreneurship initiatives and the underlying socio-cultural factors promoting or impeding SME development in Kazakhstan. A semi-structured interviews were carried-out with thirteen SME owners/managers in Almaty Kazakhstan. It is found that personal networks in general social networks have significant implications on a variety of entrepreneurial activities. SMEs still need to utilize their personal social networks to substitute for formal institutions. Normative institutional elements such as legal and moral are still major factors driving entrepreneurial activities but still lagging behind regulative and cognitive institutional transformation. Business ties and networking ability may mitigate the necessity for external financing. One of the major implication in this study is the need for SME owners/managers to build personal networks and to keep and maintain this network with their peers as well as the government not only for extra information but even for the sustainability of their business. To do this, SME owners/managers need to be regularly in contact with their peers and government officials, offering helps when needed, collaborate on projects, share their goals, get connected on social media and also joining networking events.
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spelling oai:generic.eprints.org:195482022-09-01T07:31:12Z http://journalarticle.ukm.my/19548/ Social networks and entrepreneurships – does personal networks matters? Choban, Ugur Noor Azuan Hashim, Institutional and social network are several major research traditions in the business and management areas. This paper examines the role of owner/managers’ social network on entrepreneurship initiatives and the underlying socio-cultural factors promoting or impeding SME development in Kazakhstan. A semi-structured interviews were carried-out with thirteen SME owners/managers in Almaty Kazakhstan. It is found that personal networks in general social networks have significant implications on a variety of entrepreneurial activities. SMEs still need to utilize their personal social networks to substitute for formal institutions. Normative institutional elements such as legal and moral are still major factors driving entrepreneurial activities but still lagging behind regulative and cognitive institutional transformation. Business ties and networking ability may mitigate the necessity for external financing. One of the major implication in this study is the need for SME owners/managers to build personal networks and to keep and maintain this network with their peers as well as the government not only for extra information but even for the sustainability of their business. To do this, SME owners/managers need to be regularly in contact with their peers and government officials, offering helps when needed, collaborate on projects, share their goals, get connected on social media and also joining networking events. Penerbit Universiti Kebangsaan Malaysia 2022 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/19548/1/49510-187527-1-PB.pdf Choban, Ugur and Noor Azuan Hashim, (2022) Social networks and entrepreneurships – does personal networks matters? Jurnal Pengurusan, 64 . pp. 1-12. ISSN 0127-2713 https://ejournal.ukm.my/pengurusan/issue/view/1530
spellingShingle Choban, Ugur
Noor Azuan Hashim,
Social networks and entrepreneurships – does personal networks matters?
title Social networks and entrepreneurships – does personal networks matters?
title_full Social networks and entrepreneurships – does personal networks matters?
title_fullStr Social networks and entrepreneurships – does personal networks matters?
title_full_unstemmed Social networks and entrepreneurships – does personal networks matters?
title_short Social networks and entrepreneurships – does personal networks matters?
title_sort social networks and entrepreneurships – does personal networks matters?
url http://journalarticle.ukm.my/19548/
http://journalarticle.ukm.my/19548/
http://journalarticle.ukm.my/19548/1/49510-187527-1-PB.pdf