The Key Areas Turkey Needs to Work on Due to Improve Entrepreneurship

Type Working Paper
Title The Key Areas Turkey Needs to Work on Due to Improve Entrepreneurship
Author(s)
Publication (Day/Month/Year) 2014
URL http://www-sre.wu.ac.at/ersa/ersaconfs/ersa14/e140826aFinal00704.pdf
Abstract
Even though Turkey is frequently regarded as an emerging market and actually has many
advantages to be considered as an attractive place to invest and do business, it is not that
much attractive for international economy world. Despite Turkey’s capacity, such as being
16th largest market with its young population as well as approximately 8% gross domestic
product increase, varied industry base with a wide talent pool, according to various
international independent research institutes, the global market does not view Turkey as a
beneficial place for entrepreneurship. Moreover there are a large number of barriers to attract
investment and to make successful investment and entrepreneurship opportunities in Turkey.
Besides the entrepreneurship indicators in Turkey demonstrate similar point. One of the most
conspicuous is that just about six tenth of Turkish people regard their local environment to be
a good one for fostering entrepreneurs and entrepreneurship. The very little number of female
entrepreneurs (while compared with the man-dominant market) are also a barrier to Turkey
becoming a positive and inclusive environment for continued entrepreneurial growth. With
consideration paid to given statistics in recent years, Turkey generally remains in the last
quarter while compared with the overall countries having possibility to attract entrepreneurs.
After analyzing the present circumstances, this paper focuses on the obstacles of
entrepreneurship in Turkey. Within the light of the researches of statistics and secondary
documents; it is obvious that Turkey should take into account such the following issues: chaos
in Turkish bureaucracy, counterworks in protecting intellectual property and drawbacks to
break monopolies in the marketplace are the first significant points to worth stressing. To
support entrepreneurship, strategies and regulations need to be developed in order to create an
inviting and successful atmosphere for potential entrepreneurs even from local level and from
international market.
In order to deal with the problems of enlargement the capacity of Turkish entrepreneurship,
commitment to fostering a positive environment for entrepreneurship should have done over
and above launching a series of programs designed to foster growth and support
entrepreneurship. The main purpose of this paper is to evaluate the key points that Turkey
needs to work on due to improve entrepreneurship.

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