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Entrepreneurial Motives as a Differentiating Factor in Innovativeness

Ludmila Kozubikova (), Gabriela Sopkova (), Vladimir Krajcik () and Ladislav Tyll ()
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Ludmila Kozubikova: Tomas Bata University in Zlin
Gabriela Sopkova: University of Economics in Bratislava
Vladimir Krajcik: Pan-European University
Ladislav Tyll: University of Economics

No 156/2017, Working Papers from Institute of Economic Research

Abstract: Research background: SME character determines that entrepreneur´s personality plays a significant role in their management. For this reason it is necessary to consider the personality as a whole including his/her motives for entrepreneurship. Purpose of the article: The aim of this article is to examine the relationship between entrepreneurial motives and innovativeness in the small and medium-sized enterprises (SMEs) sector in the Czech Republic. Methodology/methods: We have analyzed the data collected in 2015 from 1141 SMEs from 14 regions of the Czech Republic. For the purpose of this article we focused on the motives for doing business, which were analyzed on the part of the whole sample including two selected groups of respondents. The first group (330 respondents) consisted of entrepreneurs who featured money as the most important motive for starting up a business and the second group (251 respondents) consisted of entrepreneurs who featured mission as the main reason for starting up a business. Findings & Value added: We have revealed statistically significant differences in innovativeness between the entrepreneurs motivated by money and the entrepreneurs motivated by mission. Regardless of the entrepreneurial motives vast majority of entrepreneurs consider the innovativeness to be important for their company.

Keywords: entrepreneurial motives; innovativeness; proactiveness; mission; money (search for similar items in EconPapers)
JEL-codes: L26 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dcm, nep-ent, nep-ino, nep-sbm and nep-tra
Date: 2017-05, Revised 2017-05
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