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 Motives and Patterns of Entrepreneurship



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Entrepreneurship and Financial Crisis A Critical I

2.3. Motives and Patterns of Entrepreneurship 
The different approaches and definitions of the concept of 
entrepreneurship trigger to clarify three specific points. The 
first point relates to the perception that the main motive for 
entrepreneurship is the financial gain. In fact, the economic 
profit is only one dimension of the generated value, while 
there are many factors that affect the profitability beyond a 
general and vague contribution of entrepreneurship. As 
mentioned in the previous paragraph there are other motives 
which underpin entrepreneurship, such as the need to achieve 
high targets (McClelland, 1961), the need for independence, 
etc. Finally, the entrepreneurial success can be judged by 
different criteria from the economic profit as n create social 
value phenomenon known as social entrepreneurship. 
The second point has to do with the fact that the historical 
background to the concept of entrepreneurship has shown 
that both the definitions and characteristics attributed to 
entrepreneurs mostly confined to the private sector. However, 
the image of courageous businessman-owner who achieves 
what no one else has accomplished is a remnant of the era 
where small businesses were the dominant form of private 
economic organization. The entrepreneurial approaches to 
individual events such as the creation of new business, 
introducing new products on the market are not able to 
interpret business activities conducted in organizations, a 
phenomenon known as corporate entrepreneurship. The 
business activity within organizations is a special 
management 
style 
which 
is 
based 
on 
identifying 
opportunities and is not limited by the size or age of the body 
nor of the sector in which the organization operates 
(Majumdar, 2008). Finally, the third point is that all 
approaches to the concept of the entrepreneur and 
entrepreneurship are not necessarily mutually exclusive to 
each other. The entrepreneur acts according to the prevailing 
conditions and opportunities presented (Thompson, 2004). 
Regarding its business intentions about gender, several 
studies 
show 
that 
the 
intentions 
of 
people 
for 
entrepreneurship differentiated by gender, with men bearing 
stronger intentions than women (Muthaih & Venkatesh, 
2012), the which are less likely to start their own business. In 
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