Entrepreneur Behaviour
BEHAVIOURAL AND MOTIVATIONAL CHARATERSITICS OF CORPORATE AND INDEPENDENT ENTREPRENEURS
Vikalp Patel (646642)
LITERATURE REVIEW
“Entrepreneurship is living a few years of your life like most people won’t, so that you can spend the rest of your life like most people can’t.” Is something that most people who dream of becoming entrepreneurs have heard at least once in their life. It’s not easy to be as successful entrepreneur but they are a certain set of characteristics that most of them have in common.
MOTIVATIONAL AND BEHAVIOURAL CAHRACTERISTICS
Numerous characteristics have come up during my research. Some of the major factors that influenced the decision making of the entrepreneurs and their characteristics are: - * To overcome a challenge and personal growth - This seemed to be a major factor from the research that has been carried out so far. Personal growth is always a priority in one’s life. Although a person 's ultimate goal or total satisfaction can be achieved without wanting to prove anything to anyone, the satisfaction may only induce a greater need to test one’s own ability. * Financial reasons – A major motivational characteristic is financial independence that comes with your own business. You could entitle yourself to the total profits also, which is a major drive. * Flexible personal life – In this scenario one gets the feeling of being in charge. Leading a flexible life where you are in charge is always the dream of an entrepreneur. * Traditions, social status and prestige – This was another major factor that seemed to be playing on the minds of the entrepreneurs. Leading something is most often than not considered a sign of prestige. * Exploiting an opportunity – This is one of the major reasons why intrapreneurs switch over to becoming an entrepreneur. And It is also seen a scope by the existing entrepreneurs.
INTERVIEW LESSONS
I will start off by introducing briefly the people that I interviewed
Vikalp Patel (646642)
LITERATURE REVIEW
“Entrepreneurship is living a few years of your life like most people won’t, so that you can spend the rest of your life like most people can’t.” Is something that most people who dream of becoming entrepreneurs have heard at least once in their life. It’s not easy to be as successful entrepreneur but they are a certain set of characteristics that most of them have in common.
MOTIVATIONAL AND BEHAVIOURAL CAHRACTERISTICS
Numerous characteristics have come up during my research. Some of the major factors that influenced the decision making of the entrepreneurs and their characteristics are: - * To overcome a challenge and personal growth - This seemed to be a major factor from the research that has been carried out so far. Personal growth is always a priority in one’s life. Although a person 's ultimate goal or total satisfaction can be achieved without wanting to prove anything to anyone, the satisfaction may only induce a greater need to test one’s own ability. * Financial reasons – A major motivational characteristic is financial independence that comes with your own business. You could entitle yourself to the total profits also, which is a major drive. * Flexible personal life – In this scenario one gets the feeling of being in charge. Leading a flexible life where you are in charge is always the dream of an entrepreneur. * Traditions, social status and prestige – This was another major factor that seemed to be playing on the minds of the entrepreneurs. Leading something is most often than not considered a sign of prestige. * Exploiting an opportunity – This is one of the major reasons why intrapreneurs switch over to becoming an entrepreneur. And It is also seen a scope by the existing entrepreneurs.
INTERVIEW LESSONS
I will start off by introducing briefly the people that I interviewed
References: * Ahmed, S.U. (1985). NAch, risk-taking propensity, locus of control and entrepreneurship. Personality and Individual Differences * Gabrielsson, J. and Politis, D. (2011). Career motives and entrepreneurial decision-making: examining preferences for causal and effectual logics in the early stage of new ventures, Small Business Economics * Ray, D.M. (1986). Perceptions of risk and new enterprise formation in Singapore: An exploratoy study. Frontiers of Entrepreneurship Research * Stewart, W.H. Jr., Watson, W.E., Carland, J.C., and Carland, J.W. (1999). A proclivity for entrepreneurship: a comparison of entrepreneurs, small business owners, and corporate managers. Journal of Business Venturing * Dubini, P. (1988). Motivational and environmental influences on business start-ups: some hints for public policies. Frontiers of Entrepreneurship Research * Robichaud, Y., McGraw, E., and Roger, A. (2001). Toward the development of measuring instrument for entrepreneurial motivation. Journal Development Entrepreneurship * Shane, S., Locke, E.A., and Collins, C.R. (2003). Entrepreneurial Motivation. Human Resource Management Review * Timmons, J.A. 1994. New Venture Creation: Entrepreneurship for the 21st Century. Fourth edition. Irwin Press, Burr Ridge, IL