Entrepreneurial values and the ethnic enterprise: An examination of six subcultures

A vital question receiving only limited attention in the extant research concerns the implications of culturally based values for the successful creation and growth of entrepreneurial ventures. This study explores core values held by entrepreneurs in growth-oriented firms belonging to six subcultures based in the state of Hawaii. Thirty first-generation entrepreneurs each were interviewed from the populations of Japanese, Korean, Filipino, Chinese, Vietnamese, and native Hawaiian firms. Evidence is provided of commonalities and differences in the value profiles of the different types of entrepreneurs. While some of the salient values are clearly traceable to the entrepreneur's native culture, it appears that entrepreneurs share certain core values regardless of cultural origin. Evidence is also provided of linkages between values and specific operational practices within the ventures studied. Implications are drawn for ongoing theory development and managerial practice.