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Entrepreneurial Motivation

ICSE · Class 11 · Entrepreneurship

Quick revision notes for Entrepreneurial Motivation — ICSE Class 11 Entrepreneurship. Key concepts, formulas, and definitions for last-minute revision.

65 questions30 flashcards5 concepts

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Key Topics to Revise

1

1. Meaning and Process of Entrepreneurial Motivation

  • Entrepreneurial motivation is the inner urge that inspires an individual to start, sustain and grow a business.
  • Motivation gives energy, direction, and persistence to entrepreneurial efforts.
  • Unsatisfied needs create tension, which generates drives that push individuals to take action.
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2. Types of Entrepreneurial Motivation

  • Entrepreneurial motivation is of two types: intrinsic motivation and extrinsic motivation.
  • Intrinsic motivation comes from within the individual.
  • Extrinsic motivation comes from external rewards and influences.
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3. Intrinsic Motivation: Features and Example

  • Intrinsic motivation is driven by internal satisfaction rather than external rewards.
  • It is linked to passion for innovation, personal growth, need for autonomy, and sense of purpose.
  • Entrepreneurs with intrinsic motivation continue efforts during uncertainty, failure or slow growth because satisfaction comes from the journey itself.
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4. Extrinsic Motivation: Features and Example

  • Extrinsic motivation arises from external rewards and influences.
  • It includes financial rewards, social recognition, independence, legacy, and family support.
  • It is especially useful for starting entrepreneurial action.

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Full Notes

Key Concepts

Entrepreneurial Motivation is the inner urgeMotivation begins with unsatisfied needsIntrinsic motivation arises from withinExtrinsic motivation arises from external rewardsDavid McClelland proposed that human motivation

Frequently Asked Questions

What are the important topics in Entrepreneurial Motivation for ICSE Class 11 Entrepreneurship?
Entrepreneurial Motivation covers several key topics that are frequently asked in ICSE Class 11 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Entrepreneurial Motivation — ICSE Class 11 Entrepreneurship?
Understand the core concepts first, then work through the 65 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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