Entrepreneurial motivation

Abstract

Recent research on entrepreneurship has focused largely on macro-level environmental forces. Although researchers adopting this focus have rightly criticized much of the existing empirical research on the role of human motivation in entrepreneurship, we believe that the development of entrepreneurship theory requires consideration of the motivations of people making entrepreneurial decisions. To provide a road map for researchers interested in this area, we discuss the major motivations that prior researchers have suggested should influence the entrepreneurial process, as well as suggest some motivations that are less commonly studied in this area. In addition to outlining the major reasons for exploring these motivations, we identify the major weaknesses that have limited the predictive power of previous research on this topic. We offer explicit solutions for future research to adopt to overcome these problems.

Determinants of Success Factors of Women Entrepreneurs in Bangladesh- A Study Based on Khulna Region

“…According to (Brindley, 2005), the important support is from family and friends and close people as well-wishers who play a very dominant role in the success of business. Further need for Independence is a features of the personalities of entrepreneurs which refers to the desire of the individual to plan for her own decisions and own work (Gartner 1988;Shane et al 2003). Sound knowledge in latest technology will help the women entrepreneurs to make up more profit.…”

Slipping the surly bonds: The value of autonomy in self-employment

“…Unfortunately, rather than o¤ering an explanation, some of this empirical evidence provided leads organically to further questions of construct validity, since explaining the fact that people want to start their own business in order to be autonomous because they value autonomy is somewhat tautological (van Gelderen and Jansen 2006, Shane et al 2003). We hope to resolve this circularity using our model of the value of autonomy to distinguish cause from e¤ect.…”

“…The entrepreneurship literature has produced several empirical papers showing autonomy (also referred to as independence or freedom) to be an important motivator for choosing to be selfemployed (among them are Blais and Toulouse 1990, Birley and Westhead 1994, Carter et al 2003, Feldman and Bolino 2000, Gatewood et al 1995, Kolvereid 1996, Shane et al 2001, and Shane et al 2003. Unfortunately, rather than o¤ering an explanation, some of this empirical evidence provided leads organically to further questions of construct validity, since explaining the fact that people want to start their own business in order to be autonomous because they value autonomy is somewhat tautological (van Gelderen and Jansen 2006, Shane et al 2003).…”

Researching at the Intersection of Innovation, Operations Management, and Entrepreneurship

“…Furthermore, the payoffs of entrepreneurial action vary and include financial costs and benefits as well as non-financial motivational and emotional payoffs. For instance, many entrepreneurs are motivated by independence (McMullen, Bagby, & Palich, 2008), passion (Cardon et al, 2005), and the need for achievement (Shane, Locke, & Collins, 2003), all of which are challenging to quantitatively evaluate. In addition, sustainable and social entrepreneurs frequently have strong environmental and altruistic motivations (Mair & Marti, 2006;Miller, Grimes, McMullen, & Vogus, 2012;Patzelt & Shepherd, 2010;Peredo & Chrisman, 2006), which are, again, challenging to operationalize in quantitative terms.…”