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Source publication
The study analyses knowledge about entrepreneurship which guides entrepreneurial behaviour in enterprises in Malawi in order to reflect on its implications in local economic development. Top-of the-mind definition which collects unaided responses from the top of respondents’ mind was used. Definitions or explanations of entrepreneurship and entrepr...
Contexts in source publication
Context 1
... developing countries continue to improve the environments for business and establish institutions to support entrepreneurship, the effect on economic development will depend on entrepreneurial activities undertaken. The Theory of Planned Behaviour (Ajzen, 1991) Figure, 1, provides attitude, subjective norms and perceived behavioural control as the key elements which influence intentions towards particular behaviour. ...
Context 2
... developing countries continue to improve the environments for business and establish institutions to support entrepreneurship, the effect on economic development will depend on entrepreneurial activities undertaken. The Theory of Planned Behaviour (Ajzen, 1991) Figure, 1, provides attitude, subjective norms and perceived behavioural control as the key elements which influence intentions towards particular behaviour. ...
Citations
... Furthermore, Munemo (2012) concluded that most of the enterprises created in developed countries would create more jobs than those created in developing countries. Mwatsika (2021) researched the knowledge on entrepreneurship and entrepreneurial activities in Malawi, a developing country in Southern Africa. The analysis involved 337 businesses and revealed that entrepreneurship is mostly defined as the starting and running of one's own business, self-employment, and creating new jobs. ...
The main role of local development policy is to create a favorable business environment and new jobs, thus contributing to economic development. Creating a positive business environment to act as a pull factor for new businesses is of great importance, because entrepreneurship conduces to the rise in the supply of goods and to an increase in citizens’ income and revenues of local budgets. This paper therefore examines the main goals of economic development in the towns and municipalities of the Republic of Croatia, as well as the tools used by local governments to encourage entrepreneurship and new businesses. Using a questionnaire, mayors and deputies of towns and municipalities were surveyed, and the sample covered 131 towns and municipalities. The research methodology included a descriptive analysis and the Kruskal–Wallis test. The results indicate that improving the quality of life of the residents, creating new jobs, and retaining the residents in the town or municipality were identified as the most important goals of economic development. To encourage entrepreneurship and new jobs, towns and municipalities most often simplify regulations, reduce local taxes, and introduce various benefits and incentives. The contribution of the paper is manifested in providing useful guidance to local governments to improve the business environment.
Entrepreneurship is crucial for economic growth. Malawi's history includes black entrepreneurs who traded in agricultural commodities and iron. However, dependence on companies and government employment stifled entrepreneurial spirit. Malawi implemented policies related to new enterprises, products, production methods, and markets. These policies aimed to create more jobs by encouraging entrepreneurship. European Union policies focus on creating jobs through entrepreneurship. Malawi can learn from these approaches to stimulate economic growth and job creation.
