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ENTREPRENURIAL MOTIVATION - Coggle Diagram
ENTREPRENURIAL MOTIVATION
What is the entrepreneurial motivation?
The process of transforming an ordinary individual to a powerful businessman, who can create opportunities and helps in maximizing wealth and economic development.
Elements of Entrepreneurial Motivation
Motivation
Behaviour
Goal
Source of motivation
Internal
Educational Background, Occupational experience, Family background & etc.
External
Assistance from Government, Financial assistance from institutions, Heavy demand product & etc.
Models of Entrepreneurial Motivation
Maslow’s Need Hierarchy Theory
Appraisal of Need Hierarchy Model
McClelland’s Acquired Needs Theory
Triggers & Barriers To Entrepreneurial Motivation
Triggers
Invest, Creativity, Autonomy, Status, Money
Barriers
Lack of Resources, Compliance costs & Hard Reality
Pull Factors
Religious Value, Physchological, Riches & Power & etc.
Push Factors
Frustration & Necessity