The Psychology of the Successful Entrepreneur

Kaushal Mukherjee
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Kaushal Mukherjee: Bankura Unnayani Institute of Engineering

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Abstract: Illustration of entrepreneurial action plan. Abstract The entrepreneurship development is mainly due to the entrepreneurial motivation. The motivation of entrepreneurs is influenced by the external as well as internal environmental factors. Though there is no research study which reveals the extent to which the entrepreneurs are motivated by these two environments it is found that the entrepreneurial motivation is due to the influence of both the external and internal environmental factors. The psychological behaviours of the entrepreneurs are also equal playing its role while motivating the entrepreneurs, which are also discussed here. This paper also helps entrepreneurs to identify the different business opportunities and growth of the existing business. A real entrepreneur is a person who generally motivated by intrinsic psychological and also economic rewards. He indigenously tries an entrepreneurial venture for his personal satisfaction in work, ego or status. This paper reviews the psychological literature on entrepreneurs. Assessment and generalizations for the entrepreneurs are risky since there is no specific population of entrepreneurs. Psychological characteristics: In the modem days a suitable entrepreneurial culture must be created by developing healthy work environment and modem attitude towards work giving social recognition etc. These factors will provide the psychological stimulus which in turn promotes innovation, inspiration, ethics and values which are essential for successful entrepreneurs. The irrational behaviours of the entrepreneurs are also playing a vital role while motivating the entrepreneurs.

Keywords: Employee participation; Entrepreneurialism; Entrepreneurial action plan; Psychology of the successful entrepreneur; Workplace learning (search for similar items in EconPapers)
Date: 2016-12
New Economics Papers: this item is included in nep-cbe and nep-ino
Note: View the original document on HAL open archive server: https://hal.science/hal-01484491
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Citations: View citations in EconPapers (6)

Published in International Journal of Advanced Engineering and Management, 2016, 2016/12, 1 (1), pp.25-32. ⟨10.24999/IJOAEM/01010004⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01484491

DOI: 10.24999/IJOAEM/01010004

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