Open Access Subscription Access
Open Access Subscription Access
Analysis of Entrepreneurial Motivation in a Brassware Cluster in a Semi-Urban Region, West Bengal, India
An analysis of motivational aspects is considered important to understand an entrepreneur’s mindset and proclivity to undertake some challenging venture and flourish in the business world. In this context, this paper is based on a sample of 60 firms in a brassware cluster in Nabadwip region in West Bengal, India. The objectives are to (a) analyse the rankings of various items of entrepreneurial motivation and focus of their reliability, (b) find a correlation between motivation and profitability indices, and (c) explain the variation in enterprise profitability by the different motivation sub-indices. Cronbach’s alpha test is applied for finding the reliability of motivational items. Two-stage principal component technique is used for deriving motivation sub-indices and total motivation index; whereas, the regression analysis explains the variation in enterprise profitability. The findings involve consistency in motivational items, significantly correlated profitability with motivation index, and significant variation in enterprise profitability explained by most of the motivational sub-indices. However, the enterprise owners are facing the problems of credit, marketing, and lack of skilled labour. The government should take measures for providing short-term loan based on their performance. Further, active steps are required for opening some local training schools, arranging workshops, launching awareness generating programmes through drama/posters, etc.
Motivation, Entrepreneurship, Cluster, Profitability, Principal Component.
- Ajzen, I. (1991). The theory of planned behavior. Organizational Behaviour and Human Decision Processes, 179-211.
- Amoros, J. E., Cristi, O., & Minniti, M. (2009). Driving forces behind entrepreneurship: Differences in entrepreneurship rate level and its volatility across countries. Frontiers of Entrepreneurship Research, 29(16), p.2
- Benzing, C., Chu, H. M., & Szabo, B. (2005). Hungarian and Romanian entrepreneurs in Romania: Motivation, problems and differences. Journal of Global Business, 16, 77-87.
- Caliendo, M., Fossen, F., & Kritikos, A. (2011). Personality Characteristics and the Decision to Become and Stay Self-Employed. Berlin: IZA Discussion Papers.
- Camara, N., & Tuesta, D. (2014). Measuring financial inclusion: A multidimensional index. Working Paper, Nº 14/26 Madrid.
- Carsrud, A., & Brannback, M. (2011). Entrepreneurial motivations: What do we still need to know?. Journal of Small Business Management, 9-26.
- Chu, H. M., Benzing, C., & McGee, C. (2007). Ghanaian and Kenyan entrepreneurs: A comparative analysis of their motivations, success characteristics, and problems. Journal of Development Entrepreneurship, 12(3), 295-322.
- Datta, K. S., & Ghosh, D. (2016). Analysis of motivation issues and link with profitability: Case study of entrepreneurial firms in a rural cluster in West Bengal, India. Journal of Business and Economics, 7(4).
- Edelman, L. F., Brush, C. G., Manolova, T. S., & Greene, P. G. (2010). Start-up Motivations and growth intentions of minority nascent entrepreneurs. Journal of Small Business Management, 48(2), 174-196.
- Edward, D., & Richard, R. (1975). Self-Determination theory: When mind mediates behavior. The Journal of Mind and Behavior, 1(1).
- Gorgievski, M., Ascalon, M. E. & Stephan, U., (2011). Small Business Owners’ Success Criteria, a Values approach to Personal Differences. Journal of Small Business Management, 49(2), 207-232
- Jayawarna, D., Rouse, J., & Kitching, J. (2011). Entrepreneur motivations and life course. International Small Business Journal, 31(1), 34-56.
- Locke, E. (2000). Motivation, cognition, and action: an analysis of studies of task goals and knowledge. Applied Psychology, 49(3). Version of Record online: 25 DEC 2001.
- McClelland, D. C. (1961). The achieving society. Princeton, NJ: Van Nostrand.
- McFarland, D. E. (1974). Motivation refers to the way in which urges, drives, desires, aspirations, and strivings or needs direct, control or explain the behaviour of human beings. Retrieved from https://sol.du.ac.in/mod/ book/view.php?id=1803&chapterid=1723
- Naffziger, D. W., Hornsby, J. S., & Kuratko, D. F. (1994). A proposed research model of entrepreneurial motivation. Entrepreneurship Theory and Practice, 29-42.
- Ozsoy, O., Oksoy, D., & Kozan, K. (2001). The characteristics of turkish entrepreneurs and their enterprises. Long Island, NY: College of Business, Alfred University.
- Palich, L., & Bagby, D. R. (1995). Using cognitive theory to explain entrepreneur risk-taking: Challenging conventional wisdom. Journal of Business Venturing, 10, 425-438.
- Robichaud, Y., McGraw, E., & Roger, A. (2001) Toward the development of a measuring instrument for entrepreneurial motivations. Journal of Developmental Entrepreneurship, 6(2), 189-201.
- Shane, S., Locke, A. E., & Collins, J. C. (2003). Entrepreneurial Motivation. Cornell University ILR School DigitalCommons@ILR
- Shane, S., & Venkataraman, S. (2000). The promise of entrepreneurship as a field of research. Academy of Management Review, 25, 217-226
- Shapero, A., & Sokol, L. (1982). The Social Dimensions of Entrepreneurship. Encyclopedia of Entrepreneurship, pp. 72-90.
- Swierczek, F., & Ha, T. T. (2003). Motivation, Entrepreneurship, and Performance of SMEs in Vietnam. Journal of Enterprise Culture, 11(1), 47-68.
- Virginia, B. S., & Carlos, A. S. (2017). Entrepreneurial intention among engineering students: The role of entrepreneurship education. European Research on Management and Business Economics, 24(2018), 53-61.
Abstract Views: 0
PDF Views: 0