Entrepreneurial Motivation — Chapter Summary
ICSE · Class 11 · Entrepreneurship
Summary of Entrepreneurial Motivation for ICSE Class 11 Entrepreneurship. Part of the ICSE Class 11 Entrepreneurship syllabus.
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Overview
Entrepreneurial motivation is the inner energy that pushes a person to begin a business, keep it running, and take it to the next level. It gives direction, strength, and persistence to entrepreneurial action. Motivation begins when a need is not fulfilled, creating tension that produces a drive to
Key Concepts
Entrepreneurial Motivation is the inner urge
Entrepreneurial Motivation is the inner urge that inspires an individual to start, sustain and grow a business. It energises the entrepreneur to take
Motivation begins with unsatisfied needs
Motivation begins with unsatisfied needs. These needs create tension, tension generates drives, drives push action, and action is taken to fulfil the
Intrinsic motivation arises from within
Intrinsic motivation arises from within the individual and is driven by inner satisfaction, interest and enjoyment derived from the work itself. It is
Extrinsic motivation arises from external rewards
Extrinsic motivation arises from external rewards and influences that encourage an individual to engage in entrepreneurial activities. It is linked wi
David McClelland proposed that human motivation
David McClelland proposed that human motivation is shaped by three learned needs: Achievement, Affiliation, and Power. These needs are acquired throug
Learning Objectives
- Understand the meaning of entrepreneurial motivation
- Explain the process of motivation from need to satisfaction
- Differentiate between intrinsic and extrinsic motivation
- Identify the key features of intrinsic motivation
- Identify the key features of extrinsic motivation
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Sources & Official References
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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