2.entrepreneurial motivation
TRANSCRIPT
ENTREPRENEURIAL MOTIVATION
LOCUS OF CONTROL
An attribute indicating the sense of control that a person has over life.
NEED FOR ACHIEVEMENT AND INDEPENDENCE
Need for independence :A need to do things in his or her own ways and has difficult time working for others.
Need for achievement :An individual’s need to be recognized.
RISK TAKING
They take calculated risk as they analyze risks and take decisions and even have alternate plans to work on.
Career risk Financial risk Psychological Risk
ENTREPRENEUR CHARACTERISTICS
Childhood family Environment Education Personal Values Age Work history Role Model Moral –support System Professional –support System
WOMEN ENTREPRENEURS
WOMEN ENTREPRENEURS
FACTORS RESPONSIBLE FOR ENTREPRENEURSHIP
Background Factors
Motivational Factors
Economic Factors
Rewards
Entrepreneurship
FACTORS RESPONSIBLE FOR ENTREPRENEURSHIP
Background Factors: Education ,training and experience Family background Support system Financial conditionsMotivational Factors: Need for achievement Locus of control Business environment
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Economic Factors: Supportive government policies Availability of funds Availability of technical factors Ancillary supportRewards Recognition Social status
BARRIERS TO ENTREPRENEURSHIP
Environmental Barriers: Raw material Labour Machinery Land and Building Infrastructure Requirements Financial Barriers
PERSONAL BARRIERS
Lack of Confidence Lack of dependability on others Lack of Motivation Lack of patience Inability to Dream Sense of embarrassment
SOCIETAL BARRIERS
Pressure from community Pressure from Family Pressure from peer group
CORE AND DESIRABLE ATTRIBUTES
ATTITUDES AND BEHAVIORS OF ENTREPRENEURS
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