Factors affecting entrepreneurship in emerging economies: a case of Dubai

This paper explores the antecedents of entrepreneurial success in emerging markets. Drawing on the objectives, methodology and data (OMD) approach, the study uses principal component factor analysis together with varimax rotation to investigate success factors underpinning entrepreneurial activities in Dubai. Using a random sampling technique, 550 entrepreneurs from various industries within the business enclave of Dubai were selected as respondents. The findings indicated that the creation of entrepreneurial success required visionary leadership, government support for new businesses ventures, opportunities to create own destiny, opportunities to reap substantial profits and opportunity to contribute to society. The study confirms that entrepreneurship is a hazardous venture with uncertainty and risk but there are financial rewards as well.