The motivational factors that influence individuals to pursue entrepreneurial outcomes are known as

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Entrepreneurial Intentions and Corporate Entrepreneurship

Terms in this set (18)

entrepreneurial intentions

motivational factors that influence individuals to pursue entrepreneurial outcomes

entrepreneurial self-efficacy

convictions that one can successfully execute the entrepreneurial process

perceived desirability

degree to which an individual has a favorable or unfavorable evaluation of the potential entrepreneurial outcomes

work history

past work experience of an individual

role models

individuals whose example an entrepreneurial can aspire to and copy

moral-support network

individuals who give psychological support to an entrepreneur

professional-support network

individuals who help the entrepreneur in business activities

strategic orientation

focus on those factors that are inputs into the formulation of the firm's strategy

entrepreneurial orientation toward opportunity

commitment to taking action on potential opportunities

entrepreneurial orientation toward commitment of resources

focus on how to minimize the resources that would be required in the pursuit of a particular opportunity

entrepreneurial orientation toward control of resources

focus on how to access others' resources

entrepreneurial orientation toward management structure

more organic-- has few layers of bureaucracy between top management and the customer and typically has multiple informal networks

entrepreneurial philosophy toward rewards

one that compensates employees based on their contribution toward the discovery/generation and exploitation of opportunities

entrepreneurial orientation toward growth

focus on rapid growth

culture

environment of a particular organization

entrepreneurial orientation toward culture

focus on encouraging employees to generate ideas, experiment, and engage in other tasks that might produce opportunities

corporate entrepreneurship

entrepreneurial action within an established organization

top management commitment

managers in an organization strongly supporting corporate entrepreneurship

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What are the motivational influences on entrepreneurship?

Motivating factors, which can be either internal or external to the entrepreneur, classified motivators into four categories: financial rewards (extrinsic rewards), independence/autonomy, personal growth (intrinsic rewards) and family security [4,2]. Motivating factors can also be classified as push or pull factors.

What are the factors of entrepreneurship?

Entrepreneurship: 5 Critical Success Factors.
Sacrifice – Are you willing to sacrifice short term to benefit in the long term? ... .
Experience – Do you have some business or related experience? ... .
Leadership – Do you like being the leader? ... .
Organization – Are you organized? ... .
Optimism – Are you optimistic?.

What factors influence the growth of entrepreneurial business?

Factors Affecting Entrepreneurial Growth.
Capital. Capital is one of the most important factors of production for the establishment of an enterprise. ... .
Labor. Easy availability of right type of workers also effect entrepreneurship. ... .
Raw Materials. ... .
Market. ... .
Infrastructure. ... .
Education. ... .
Attitude of the Society. ... .
Cultural Value..

What is the conviction that one can successfully execute the entrepreneurial process?

Self-efficacy, according to Bandura [9], is the conviction that one can successfully execute the desired behavior (e.g., successfully launch a business) required to produce an outcome.