Entrepreneurship and innovation in a cultural framework : The success of entrepreneurship among 2nd generation South Asians in the UK, returnees to mainland China and Ukrainian business owners depends on operating within particular cultural value systems

Purpose – This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting‐edge research and case studies. Design/methodology/approach – This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context Findings – Often the assumption is made that what works for business in one part of the world will be equally effective elsewhere. The ubiquitous multinationals seem to confirm this precept. The same brands of running shoes and cell phones can be spotted from one end of the globe to the other. However, when it comes to entrepreneurship in small businesses or high levels of innovation within larger corporations, cultural beliefs and values seem to have a greater influence on the success or failure of such enterprises Practical implications – This paper provides strategic insights and practical thinking that have influenced some of the world's leading organizations. Originality/value – This paper provides an easily accessible summary of relevant business concepts and presents them in a fresh way