An Eclectic Theory of Entrepreneurship: Three level analysis for developing Entrepreneurship Policy in Pakistan
Journal of Contemporary Issues in Business and Government,
2021, Volume 27, Issue 6, Pages 1066-1080
Abstract
The study was intended to recommend guidelines for developing entrepreneurshippolicy in Pakistan. For this purpose An Eclectic Theory of Entrepreneurship was used as
theoretical frame work to analyze empirical research studies and available reports at
three different levels. At micro level, low literacy rate was found to be foremost
requirement for developing entrepreneurship. Lack of knowledge based economic
system was found to be the center of problem at meso level. At macro level, core of the
problem is that policy makers need to understand the spirit of entrepreneurship to plan
economic policy accordingly. It was recommended that efforts may be made to: raise
education level and entrepreneurial orientation of the people; reshaping to knowledge
based economic system; and entrepreneurship may be designated as major pillar of
economic policy.
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