What are the factors that contribute to the increasing interest of indigenous people in business ventures?
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The increasing interest of Indigenous people in business ventures can be attributed to several factors. Firstly, Indigenous-owned businesses have been shown to maintain higher levels of proportional Indigenous employment, indicating supportive work environments . Secondly, engaging with Indigenous businesses can lead to economic empowerment, social value creation, and reduced socio-economic inequality, fostering a positive cycle of empowerment . Additionally, Indigenous entrepreneurship allows for the utilization of community-based resources and the contribution of value back to the community, responsive to their socioeconomic conditions . Moreover, Indigenous business events face challenges of racism and discrimination, highlighting the importance of addressing these issues to enhance the perceived legitimacy of Indigenous businesses . Overall, these factors collectively contribute to the growing interest of Indigenous people in pursuing business ventures.
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| Papers (5) | Insight |
|---|---|
2 Citations | Factors contributing to indigenous interest in business ventures include community development, cultural relevance, regional focus, individual empowerment, and the blend of economic and social goals in Indigenous Entrepreneurship research. |
2 Citations | Factors contributing to Indigenous interest in business ventures include leveraging community resources, addressing socioeconomic conditions, and utilizing crowdfunding for capital access, venture visibility, and institution empowerment. |
| Factors contributing to Indigenous interest in business ventures include innovative skills, stewardship of country, emergence of Indigenous enterprises, and the need to combat racism and discrimination for organizational legitimacy. | |
| Indigenous-owned businesses show higher Indigenous employment rates, indicating supportive work environments. Factors include policies promoting workforce participation, Indigenous Procurement Policy impact, and diverse business characteristics. | |
| Factors contributing to Indigenous interest in business ventures include social and economic empowerment, supplier diversity benefits, increased spend, verified Indigenous businesses, aligned objectives, starting small, and simplifying engagement processes. |
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