Entrepreneurial Motivation — Flashcards

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Entrepreneurial motivation is the inner urge that inspires an individual to start, sustain and grow a business. It gives energy, direction, and persistence to entrepreneurial efforts and helps a perso…

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Motivation begins when a need is not satisfied. That unsatisfied need creates tension, which generates a drive to act. The person then searches for ways to meet the need. When the need is fulfilled, t…

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Motivation helps an entrepreneur stay focused on goals, take initiative, and continue working during difficulties. It supports business growth, persistence, and the ability to move from ideas to actio…

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Intrinsic motivation arises from within the individual and is driven by inner satisfaction, interest and enjoyment derived from the work itself. In entrepreneurship, it comes from passion for innovati…

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The main factors are passion for innovation, desire for personal growth, need for autonomy, and sense of purpose. These factors come from within and make the work itself meaningful and satisfying.

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Intrinsically motivated entrepreneurs continue their efforts because satisfaction comes from the journey itself. They remain committed during uncertainty, failure, or slow growth because the work has …

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Intrinsic motivation often aligns actions with personal values and beliefs. Because of this, it supports ethical decision-making and responsible business behaviour.

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Ratan Tata is an example of intrinsic motivation because he was driven by purpose, innovation, and nation-building rather than personal wealth. Projects such as Tata Nano and Tata Trust initiatives sh…