2.entrepreneurial motivation
DESCRIPTION
motivationTRANSCRIPT
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ENTREPRENEURIAL MOTIVATION
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LOCUS OF CONTROL
An attribute indicating the sense of control that a person has over life.
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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.
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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
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ENTREPRENEUR CHARACTERISTICS
Childhood family Environment Education Personal Values Age Work history Role Model Moral –support System Professional –support System
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WOMEN ENTREPRENEURS
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WOMEN ENTREPRENEURS
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FACTORS RESPONSIBLE FOR ENTREPRENEURSHIP
Background Factors
Motivational Factors
Economic Factors
Rewards
Entrepreneurship
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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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CONT…
Economic Factors: Supportive government policies Availability of funds Availability of technical factors Ancillary supportRewards Recognition Social status
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BARRIERS TO ENTREPRENEURSHIP
Environmental Barriers: Raw material Labour Machinery Land and Building Infrastructure Requirements Financial Barriers
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PERSONAL BARRIERS
Lack of Confidence Lack of dependability on others Lack of Motivation Lack of patience Inability to Dream Sense of embarrassment
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SOCIETAL BARRIERS
Pressure from community Pressure from Family Pressure from peer group
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CORE AND DESIRABLE ATTRIBUTES
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ATTITUDES AND BEHAVIORS OF ENTREPRENEURS
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CONT…