Strategies for Creating New Business, a Sociocultural and Institutional Approach

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Jose G. Vargas-Hernandez


This paper aims to summarize the main theories from socio-cultural or institutional approach to encourage the creation of new businesses. Given this context, it raised the importance of theoretical study of the factors that influence decision making in the development of new businesses and how it affects the environment in which they operate the same business. The research method used was to review the existing literature by analyzing the major theories involved in the creation of companies, emphasizing the socio-cultural approach. The analysis concludes the activity of entrepreneurship to encouraging the creation of companies, being an important factor in economic development.

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Vargas-Hernandez, J. (2013). Strategies for Creating New Business, a Sociocultural and Institutional Approach. Equilibrium. Quarterly Journal of Economics and Economic Policy, 8(1), 81-90.
Chosen Determinants of Economic Development


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