“…In addition, small business owner/managers in Hong Kong share the following characteristics: adaptive, flexible, rapid response to change, opportunistic, strategic oriented, goal oriented, lower idealism and independence (Chan and Lau, 1993;Cheah and Yu, 1996;Redding and Wong, 1986 (Hofstede, 1998 shall first explain the competence approach of studying entrepreneurship, which forms the basis of our comparative analysis, and then describe the method of study. The comparative analysis will be provided in the subsequent section, with discussion and interpretation on the results.…”