Who Wants to Become an Entrepreneur in Brunei Darussalam?
Prof. Dr. Kim Cheng Patrick Low, Mohan N. Sajnani
Abstract
Brunei, a Sultanate producing oil and gas for over 80 years, faces the need to boost entrepreneurship to diversify
the country’s economy and to increase its non-oil or gas dependent income/revenue. Such economic
diversification can have key benefits for the country, both economically and socially when the finite fossil fuels
run out. Young Bruneians will be the future business leaders and decision makers, and accordingly, the
qualitative research is interested in investigating the attitudes/ opinions of the young Bruneians towards
entrepreneurship and the factors influencing the development of entrepreneurial qualities. Thus, the research
study is targeted at members of the younger generation (age from 18 to 23 years old) of Brunei from the
secondary school students and the university undergraduates. The authors also interviewed several expatriates
(employers and employees), seven of them, residing in the Sultanate to elicit their views. The authors analysed,
interpreted and discussed on the findings, and subsequently highlight the key obstacles to entrepreneurial
thinking in Brunei. The practitioner-authors also recommend ways that the government can view and implement
to get their people to being more entrepreneurial. This incorporates promoting an entrepreneurial growth; they
need to be open minded yet having PHDs, the latter are the ingredients and requirements. Indeed, they must
seriously want to overcome Poverty (their being Poor) and Hunger (their being Hungry) and be Desperate or
Daring to venture and do business. This research study demonstrates the importance of an individual’s personal
attributes and values such as psychological and demographic factors, which when combined with environmental
factors would reassure and promote entrepreneurship.
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