Cross-cultural Capabilities of Immigrant Entrepreneurs - Phdassistance

1. Cross-cultural Capabilities ofImmigrant Entrepreneurs An Academic presentationby Dr. Nancy Agnes, Head, Technical Operations, Phdassistance Group www.phdassistance.com Email: info@phdassistance.com

2. TODAY'SDISCUSSION Outline Introduction Immigrant Entrepreneurship Cross-Cultural Capabilities Conclusion

3. Across the globe, International migration has become a central characteristic of developing countries, contributing to the developmentof a multicultural and opensociety. The connection between international backgrounds and engagement in entrepreneurship arebecoming more widely known, due to which the emergence of immigrant entrepreneurship has become a phenomenon of global importance (Morgan et al., 2018; Vahidnia et al.,2019). INTRODUCTION

4. Immigrant entrepreneurship has undergone significant change in the last few decades, prompting many scholars in the fields of management, economics, international business, entrepreneurship, and sociology to do extensive Researchon this context (Ado et al., 2016). Further, it is noted that businesses developed by immigrants have adequate social and economic returns, including competitiveness, jobs, innovation, and prosperity, which in turn represents the Immigrant entrepreneurship success in different parts of the world (Carbonell et al.,2014). Contd.... IMMIGRANTENTREPRENEURSHIP

5. A recent conversation about the players involved in international entrepreneurship has helped to understand how immigrant entrepreneurs vary from other international entrepreneurs (Elo et al.,2018). Immigrant entrepreneurs are distinctive in their entrepreneurial internationalization approaches in relation to pathways and procedures, as a result of their unique capabilities, which assist them in bridging the capital from different countries (Vinogradov & Jorgensen,2017).

6. CROSS-CULTURAL CAPABILITIES

7. In the immigrant entrepreneurship context, cross- cultural capabilities are defined as “thecapability to handle uncertainty, a positive resilience, a developmental learning and a bilingualcapability”. attitude, capability Cross-cultural adaptation refers to psychological and sociocultural adaptation in the field of immigrantentrepreneurship. Contd...

8. That is, cross-cultural capabilities can be noted as skills of an individual relevant to psychological and sociocultural adaptation leveragedfor business performance in home and hostcountries. Generally, a sociocultural adaptation capability describes the language skills, cultural learning, and bicultural flexibility of anindividual. On the other hand, Psychological adaptation capability refers to managing emotions and the positive attitude of individuals (Kunlin Xu, 2017). The below figure represents the cross-cultural capabilities of immigrant entrepreneurship

9. Figure 1: Cross-Cultural Capabilities of ImmigrantEntrepreneurs

10. As a result, immigrant entrepreneurs must be able to transit between two cultural traditions, schemas, and behaviours in response to cultural prompts when they move to a foreign country with a differentculture. Also, bicultural skills may be deemed more evident than multicultural capabilities to immigrant entrepreneurs because of the dual cultural environments in which they reside (Xu, 2021). Contd... CONCLUSION

11. In this view, cross-cultural capabilities of immigrant entrepreneursare sets of skills linked with a socio-cultural and psychological adaptation of individual’s which can be used to improve outcomes for the business in both home and hostcountries. It is no doubt that Immigrant entrepreneurs will undeniably benefit from their cross- culturalskill. Contd...

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