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ENTREPRENEURSHIP IN MYANMAR: CREATION AND DEVELOPMENT OF NEW FIRMS
- This study aims to identify and compare the factors affecting each stage of entrepreneurial process in creating manufacturing and service firms in Myanmar and to identify the barriers of doing business in Myanmar. The survey is conducted based on 105 firms in Yangon Region. The data are gathered by face to face interview with structured questionnaire. This study uses chi-squared method to test the significant statistical difference between the two data sets. It is found out that economic factors are the main motivators for starting a business, work experience is most important source for assessing resources and there is weak interaction between education and real world experience of entrepreneurs. Moreover, the study finds out that there are barriers like financial and technology assessment in Myanmar Economy. For encouraging entrepreneurship in Myanmar for the aim of economic development, government sectors should provide good infrastructure for the startup and for their survival and add skills training like presentation skill and selling methods in the school education. In addition, the entrepreneurs should take more competitiveness and creativities to their products or services.
NU NU LWIN
- The Myanmar JOURNAL