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- W4248644003 abstract "This chapter describes environmental factors and motivations that promote or discourage people from entrepreneurial activities. A person becomes an entrepreneur when they expect higher future profits from entrepreneurial activity than from wages. Studies show that entrepreneurial activity is often motivated by profit: people often become entrepreneurs to earn more money, increase their wealth and achieve financial security. Some have tried to pinpoint personality traits differentiating entrepreneurs from other people, focusing both on general traits and characteristics which may be specific to entrepreneurs. Slightly stronger effects were found for relationships between entrepreneurship and specific traits: achievement motivation, locus of control, risk attitudes and self-efficacy. The chapter also considers some psychological traps that might influence entrepreneurial decisions and actions. Finally, it addresses the question of whether entrepreneurs are born or whether one can learn to be a successful entrepreneur." @default.
- W4248644003 created "2022-05-12" @default.
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- W4248644003 date "2017-06-23" @default.
- W4248644003 modified "2023-09-23" @default.
- W4248644003 title "Entrepreneurial Activity" @default.
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- W4248644003 doi "https://doi.org/10.1002/9781118926352.ch18" @default.
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