A Study on the Motivating Factors that Stimulates A Common Man to Become Great Entrepreneurs, with Specific Reference to Madurai City

  • Authors

    • Dr. D. Anbugeetha
    • Ms. B. Nandhini
    2018-12-13
    https://doi.org/10.14419/ijet.v7i4.39.27739
  • Entrepreneurs, Motivation, Demographic Profiles

  • Abstract

    Entrepreneurship is the process of crafting, establishing and operating a new venture. It is a vibrant process of application of energy to convert creative ideas into reality. It wholly depends upon the decision people make about how to carry out the process and accomplish something in life. The populace that creates these businesses is called an entrepreneur. They are people who have the competence and keenness to build up, categorize and administer a business along with any of its risks in order to make some returns. Entrepreneurs when motivated exhibit high efficiency. They are creators carrying a huge responsibility of social development, creating something new and better, notably through innovation, thus harmonizing the goals of all stakeholders while sustaining the economic feasibility of a business.

    People become entrepreneurs for numerous reasons. There may be several factors which trigger individuals to land up into business. This research paper studies and identifies the various factors which motivates a common man of Madurai city to become great entrepreneurs. The various factors which motivated the people of Madurai city to become entrepreneurs were measured. The EMQ developed by Nergis Aziz, Barry A. Friedman, Aichurek Bopieva and Ibrahim Keles, was used to gather data for the present study. The 30 item questionnaire speaks about 7 dimensions of entrepreneurial motives. The study also tries to identify whether there is a difference among the respondents belonging to various demographic profiles on their scores on the various factors of entrepreneurial motives, using simple percentage analysis, t-test and ANOVA.

     

     

     

  • References

    1. [1] Anbugeetha, D., & Nandhini, B., (2015). Women Empowerment through Entrepreneurship: A Critical Review with reference to India. National Seminar on Women Empowerment Milestones and Challenges.

      [2] Anbugeetha, D., & Nandhini, B., (2016). A Study on Entrepreneurial Motives among the Alumni of The Department of Business Administration, Thiagarajar College, Madurai.

      [3] Anbugeetha, D., & Nandhini, B., (2016). Entrepreneurial Motives: A Study on Entrepreneurs in Madurai City. National Seminar on New Dimensions of Management in the Globalized Era- 2016.

      [4] Anbugeetha, D., & Nandhini, B., (2017). “A Study on the Entrepreneurial Motives of Selected Entrepreneurs in Madurai City†in the 4th International Conference on “International Marketing in Asia Pacific Issues and Challenges- ICIM- 2017â€, Organized by GRD Institute of Management, Coimbatore, on 10th -11th Nov., 2017 (ISBN97893-93-5281-698-9)

      [5] Anbugeetha, D., & Nandhini, B., (2017). Entrepreneurial Motives, An Encounter with the Alumni of Thiagarajar College- Where the Rare is in Abundance, Published by Thiagarajar College Publication Division ISBN 978-93-83209-13-2.

      [6] Anbugeetha, D., & Nandhini, B., (2017). Gender, History and Cultural Memory: A Gender Study with Special Reference to the Indian Society. National Conference on “Resilience, Resistance and Identity of Women in a Changing Worldâ€.

      [7] Atkinson, J. W. (1957). Motives in fantasy, action, and society. Princeton, NJ: Van Nostrand.

      [8] Babb, E. M., & Babb, S. V. (1992). Psychological traits of rural entrepreneurs. Journal of Socio- Economics, 21, 353–362.

      [9] Balasubramanian, S., (2007). The Art of Business Leadership- Indian Experiences.

      [10] Baum, J. R., Locke, E. A., & Smith, K. G. (2001). A multi-dimensional model of venture growth. Academy of Management Journal, 44(2), 292–303.

      [11] Baumol, W. (1968). Entrepreneurship in economic theory. American Economic Review Papers and Proceedings, 64–71.

      [12] Jothi Baskara Mohan, C., & Nandhini, B., (2018). “A Critical Evaluation of MSMEs towards Indian Economic Development†in the National Conference on “Prospects of Micro, Small & Medium Enterprises (MSMEs) in Indian Scenarioâ€, Organized by The American College, Madurai, on 16th Feb., 2018 (ISBN 978-93-86712-19-6)

      [13] Kauanui, S. K., K.D. Thomas, A. Rubens, and C.L. Sherman, 2010, “Entrepreneurship and Spirituality: A Comparative Analysis of Entrepreneurs’ Motivation,†Journal of Small Business and Entrepreneurship, 23(4), 621-635,649-650.

      [14] Kobia, M. and D. Sikalieh, D., 2010, “Towards a Search for the Meaning of Entrepreneurship,†European Journal of Training and Development, 34(2), 110-127.

      [15] Nandhini, B., (2017). “Is Education a Tool for Empowerment?†in the National Conference on “Challenges Faced by Women in the Current Scenarioâ€, Organized by Women’s Studies Centre, Madurai Kamaraj University, Madurai, on 12th Oct., 2017 (UGC Approved Journal; ISSN 2321-788X; Volume 5)

      [16] National Statistical Committee of the Kyrgyz Republic, Kyrgyzstan in Numbers, Statistics Collection, Bishkek 2011.

      [17] Singh, S., R. Simpson, C. Mordi, and C. Okafor, 2011, “Motivation to Become an Entrepreneur: A study of Nigerian Women’s Decisions,†African Journal of Economic and Management Studies, 2(2), 202-219.

  • Downloads

  • How to Cite

    D. Anbugeetha, D., & B. Nandhini, M. (2018). A Study on the Motivating Factors that Stimulates A Common Man to Become Great Entrepreneurs, with Specific Reference to Madurai City. International Journal of Engineering & Technology, 7(4.39), 970-976. https://doi.org/10.14419/ijet.v7i4.39.27739

    Received date: 2019-02-21

    Accepted date: 2019-02-21

    Published date: 2018-12-13