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Understanding the challenges of entrepreneurship in emerging economies: a grey systems-based study with entrepreneurs in Brazil

Wilhelm K.K. Abreu (School of Mechanical Engineering, State University of Campinas, Campinas, Brazil)
Tiago F.A.C. Sigahi (School of Applied Sciences, State University of Campinas, Limeira, Brazil and Department of Production Engineering, Federal University of São Carlos, Sorocaba, Brazil)
Izabela Simon Rampasso (Departamento de Ingeniería Industrial, Universidad Católica del Norte, Antofagasta, Chile)
Gustavo Hermínio Salati Marcondes de Moraes (School of Applied Sciences, State University of Campinas, Limeira, Brazil and School of Management Sciences, North-West University, Vanderbijlpark, South Africa)
Lucas Veiga Ávila (Post-Graduation in Production Engineering and Post-Graduation in Accounting Sciences, Federal University of Santa Maria, Santa Maria, Brazil)
Milena Pavan Serafim (School of Applied Sciences, State University of Campinas, Limeira, Brazil)
Rosley Anholon (School of Mechanical Engineering, State University of Campinas, Campinas, Brazil)

Journal of Modelling in Management

ISSN: 1746-5664

Article publication date: 16 September 2024

49

Abstract

Purpose

This research aims to understand the primary challenges encountered by entrepreneurs operating in emerging economies, where entrepreneurship plays a vital role. The study places a particular emphasis on entrepreneurs in Brazil.

Design/methodology/approach

The research methodology involved the analysis of data obtained from interviews, using both content analysis and Grey Relational Analysis techniques.

Findings

The analysis revealed several prominent difficulties that entrepreneurs face in these domains. These challenges encompassed issues such as grappling with intricate taxation systems and the associated tax burden, navigating government bureaucracy, securing access to essential financing and initial investments, contending with the absence of supportive government programs and addressing the dynamic nature of market conditions. The findings on the most critical barriers reveal potential pathways for entrepreneurs, policymakers and universities to act in developing the entrepreneurial ecosystem in emerging economies.

Originality/value

The insights garnered from this research have the potential to inform the formulation of robust public policies aimed at fostering entrepreneurship and innovation in emerging countries. Furthermore, these findings can serve as a valuable resource for planning initiatives designed to train engineers to become successful entrepreneurs.

Keywords

Acknowledgements

The authors are grateful for the support of the National Council for Scientific and Technological Development (CNPq/Brazil) under the grants number 304145/2021-1 and 303924/2021-7, and the State University of Campinas – Support Program for the Management of Large Thematic Research Centers under the grant number 1301-24.

Citation

Abreu, W.K.K., Sigahi, T.F.A.C., Rampasso, I.S., Moraes, G.H.S.M.d., Ávila, L.V., Serafim, M.P. and Anholon, R. (2024), "Understanding the challenges of entrepreneurship in emerging economies: a grey systems-based study with entrepreneurs in Brazil", Journal of Modelling in Management, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/JM2-03-2024-0078

Publisher

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Emerald Publishing Limited

Copyright © 2024, Emerald Publishing Limited

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