English Article Review

Question: Discuss about theEnglishfor Article Review. Answer: Issue Whether Islam impacts on cultural and economic dimensions and how it pressures and forms the character and uniqueness if the Middle Eta entrepreneurship? Objective of Study The objective of the study was: To study the impact of the religion of Islam on the geo-political and cultural scopes which influence entrepreneurship and development of personal enterprises; To study that how Islam influences entrepreneurial traits; To study the gender base difference in private enterprises; To Study the impact of education on such issues; To Study the impact of family business on the development of entrepreneurship on Islamic religion. Literature Review (Fattah and Butterfied, 2006) states that from the majority of 1.2. billion population, Muslims or the Islamic people represents about 22 percent if the worlds population. It has also been depicted by (Creevey, 1985) that liberated market venture and trade dealings were expectant by Islam. According to (Welsh and Raven, 2006) in the Gulf states the customary Muslim civilization was being immensely effected by the development of individuals and arrival of individuals from outside the region. At the same time as per (Fahed-Sreih, et al., 2009) culture has been described as a major circumstantial variable in understanding entrepreneurship all over the cultures. Also by (Rice, 1999 and Basu and Altinay, 2002) it has been stated that religion plays a vital role as a internal element of the culture of an entrepreneur and establish that it was internal to labor. Bt it was stated by (Pistrui and Fahed- sreih, 2010) that in the past Islam was considered as a obstruction to entrepreneurship but practically it was a method to assist the entrepreneurs in the market. Research Methodology The method of study used by the authors in this research was the secondary form of research which was Qualitative way. Key Findings Entrepreneurship has been observed as a budding market trend globally. Particularly the Gulf region in the Middle East has detained the attention of the globe for supporting, financial causes. Also, the driving force put forths great imforce on the economic growth and the trade in relation to religion as a subject. But in religion particularly Islam was often professed as a obstacle for trade growth and entrepreneurship, yet from the view of a number of economists market has been observed as the normal vehicle for conducting deals (Gasparski, Ryan Kwiatkowski, 2011). Basically this article specifically states and defines the impact of Islam religion and its influence on the budding trend of entrepreneurship and growth of the private organizations. But it could be stated that entrepreneurship could be confirmed as a part of Islamic culture. As according to Prophet Mohammad, there were a number of Muslim people who were successful entrepreneurs globally and Islam invite all those people to be innovative entrepreneurs and active participants. Specifically, entrepreneurship has been seen to be an area of their trade in particular Muslims in early Islam but not invulnerable to the prophet himself. Also, the role of family trades and issues of gender participation have also been considered appropriate for concentrating on such problems. Because politics of Islamic religion was seen to be a significant force which shapes entrepreneurship in the Middle East countries. Although, it has been considered that the legal private efforts were seen to be as a legitimate way of gaining money under the Islamic culture. But money was not considered valuable for Muslims. Islam pressures functioning mutually rather than independently making an affiliation orientation (Gasparski, Ryan Kwiatkowski, 2011). Though, liberated market venture and trade dealings were expectant by Islam but some researchers stated that in Islam certain essential concepts which were related with working hard and lawful trade operations were satisfactory shapes of act. Islam guides the cultures and governs by the successors of royal clans of the Middle East who have turn out to be Kings, Princes or dictators. And as Entrepreneurship have been well-established in a multifaceted network of social associations often connected to family. A number of public norms and practices have been seen to be rooted from their spiritual, societal, financial essentials which form private enterprise and project growth of the Middle East. The culture and the Muslim were an attractive and significant representation of the multifaceted associations and performances that control private enterprise and monetary growth of the state (Pistrui, 2005). Governments all over the region were centralised and were administered by relatives and convicted faithful individuals of the rule. According to a researcher, the Gulf States required to generate 280,000 jobs a year to engage the adult graduates from universities. The main face was that students do not mark off with the knowledge to work and struggle in the market. But one of the primary traditions to change the mindset of religion was through education (Gasparski, Ryan Kwiatkowski, 2011). Similarly, more and more woman must be required to include their authorities, safeguarding them from pouring and dividing people by sex were not authorized by Quranic law but globally driven practices in certain areas. Hitherto, the leaders across the region distinguish the requirement to authorize entrepreneurship, the growth of sustainable SMEs and assist the entrenched family trades steer series and flourish into the upcoming age group. The family network was one of the middle constituent administering the Middle East socio-economic scheme. Family trades were the locomotive that coerces socio-economic growth and prosperity conception globally as entrepreneurship was a major factor of family trades. The capability to make and promote an capitalist approach transversely people was a chief constituent of family trades stability and was active in useful strategic modernization and development (Pistrui, 2005). Consumerist led organizations of the family have only a standard life time of 24 years. Only 30% exists into the 2nd age group, 10% into the 3rd and a simple 3% into the 4th. During the Middle East relatives and directly apprehended corporations control the personal sector financial system. As a consequence of such dynamic socio-economic terms a number of people were inquiring what creates Middle Eastern relatives trades unique. The reply was basically for three reasons such as: The innovative and budding trade climate across the region; The exceptional rights and governance practices; The management and mindset linked with multigenerational stability and trade series. Conclusions So, after reviewing the article it has been concluded at the end that the Islam was a obstacle in the past but currently it has been used as a entrepreneurial tool. As it has been observed that a number of people who has been successful entrepreneurs belong to Islamic background. And it was education which was a medium by which an individual could lead and make immense growth. Family trades which were taken over by the descendents also create a way for entrepreneurship as it could add innovative told and innovative methods to develop trades and lead the market place. References Creevey, L. (1985) Muslim brotherhoods and politics in Senegal in 1985, Journal of Modern African Studies, Vol. 23, No. 4, pp.715721. Fahed-Sreih, J., Pistrui, D., Huang, W. and Welsch, H. (2009) Family and cultural factors impacting entrepreneurship in war time Lebanon, International Journal of Entrepreneurship and Innovation Management, Interscience Publishers, Geneve, Switzerland, forthcoming. Fattah, M. and Butterfield, J. (2006) Muslim cultural entrepreneurs and the democracy debate, Critical Middle Eastern Studies, Vol. 15, No. 1, pp.4978, Spring, Routledge, NY, USA. Gasparski, W.W., Ryan, C.V. Kwiatkowski, S.M. (2011). Entrepreneurship: Values and Responsibility. Vol 17, 221. Pistrui, D. (2005) Wealth generation, Middle East Economic Digest, 1521 April, Vol. 49, No. 15, p.15, London, UK. Pistrui, D., and Fahed-Sreih, J.(2010). Islam, entrepreneurship and business values in the Middle East, International Journal of Entrepreneurship and Innovation Management, Vol 12, No, 1, 107-118. Rice, G. (1999) Islamic ethics and implications for business, Journal of Business Ethics, Vol. 4, No. 2, pp.345358. Welsh, D. and Raven, P. (2006) Family business in the Middle East: an exploratory study of retail management in Kuwait and Lebanon, Family Business Review, March, Vol. 19, No. 1.