Ethnic/Minority entrepreneur is a business owner who does not represent the
majority population of a country. Ethnic/Minority entrepreneurship can bring benefits
to individual, society, region, economy, and globe too. So, understanding the importance
of ethnic/minority entrepreneurship will really be useful to all the stakeholders. The
unique culture and value system of ethnic minorities are the most wanted characteristics
for any successful entrepreneur in general. Many industrial nations like U.S, U.K.,
Germany, etc. have utilised the ethnic minorities to build their economy. The future
of the minority businesses looks bright as the world economy is booming, availability
of experienced and already successful minority entrepreneurs as role models, and
institutional support services. In this paper, literature relating to the benefits of ethnic
and minority entrepreneurship is reviewed to understand its magnitude of benefits.
Description:
Vol V. Issue 2. October 2009, "Indigenous Practices in Entrepreneurship -