Entrepreneurship

Literature ReviewPersonality traits of an entrepreneur depend on number of factors . in that location have been various researches and studies in to understand these factors and the miscellany amid these factors and entrepreneur spirit traits and characteristics . Personality and behavioral factors , environmental factors , inherent action factors , social and cultural factors and political and legal factors extend to the personality and characteristics of entrepreneur (Bolton Thompson 2000 , Hayton , J C Salvato , C and Zahra S A 2004 , Lumpkin , G .T Dess , G .G 1996 Sandberg , William R . 1992 . According to Robinson and sacristan (1994 as br cited by Crant , 1996 ) from a sample of all over 181 ,000 good deal culled from the 1980 U .S . Census indicated that education is demonstrablely related to entrepreneurship and se lf-employment . In an another(prenominal) study conducted by Crant (1996 ) the research accomplished relationship amidst the demographic factors like age , end up and family setting and entrepreneurship . According to the results of these studies young people are to a greater extent in all likelihood to defecate into entrepreneurship than people of old age numbers of males plan for entrepreneurship was more than females and people with business family background are more potential to lend into entrepreneurship than others . The family support in financial and mental matters strengthens the efforts towards achieving his goals . entrepreneur while using family finances for his business becomes more argus-eyed and careful to the risks and returns . Social and cultural set up is very(prenominal) important in entrepreneurship .

According to Barney Clark Alvarez (2003 as cited in Hayton , Salvato and Zahra , 2004 moreover , the kinship-ties that are unique to family firms are believed to have a positive effect upon entrepreneurial opportunity recognition In the same(p) tend of Hayton , Salvato and Zahra (2004 ) it is quoted that Owner managers alike understand that their family firms option depends on their ability to enter young markets and revitalize vivacious operations in to create new businesses (Ward , 1987 In the work of Covin and Miles (1999 ) they mentioned the observations of Burgelman , Kosnik , and wagon train den Pol (1988 ) which refers to the introduction of a new return , process , technology , system , technique pick , or capability to the firm or its markets . According to Covin and Miles (1999 ) entrepreneurs passel be characterized by their bypass strategies and product ma rket pioneering strategiesWhile the level of aspirations is partly fixed by the level of skills , it is also touched by the value and personality traits of the entrepreneur (Hollenbeck Whitener , 1988 defect Simon , 1958 . March Simon (1958 ) also postulated that environment ( mount ) affects aspirations (Harron and Sapienza , 1992Harron and Sapienza (1992 ) suggested a model which determines interaction between personal values and context and personality traits and context . verse of studies have been conducted to understand entrepreneur process and separate a conceptual frame work around it Krueger and Brazeal (1994 as cited by Crant , 1996 ) analyze entrepreneurial potential whereas Naffziger , Hornsby , and Kuratko (1994 as cited by Crant , 1996 ) studied entrepreneurial motivation . These studies have provided base to other studies conducted to give rise conceptual framework and models of entrepreneurial personality traits...If you take to get a full essay, order it on o ur website: Orde! rEssay.net

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