Entrepreneurial Motivation

Entrepreneurial Motivation

1. State a few social motives the human beings possess
Definition: Motivation is regarded "as the inner state that energizes activities and directs or channels behavior towards the goal". It can also be seen as a process that arouses action, sustains the activity in progress and that regulates the pattern of activity.
The motives can be categorizes as social and psychological motives.
Few of the social motives are

1. Self esteem
2. Social acceptability
3. Competence building
4. Wealth generation
5. Self actualization

Motives are not necessarily the gifts of heredity but are the outcome of the individual’s interactions with others or the society.
2. Illustrate with an example how the environment can act as a motivator for action.
Environment acts as a primary motivating factor for the individuals, as every person is in constant interaction with other persons or with the society. So, they are reminded of their goals continuously. This motivates individuals to take appropriate action to pursue their careers and emerge as leaders or entrepreneurs or choose any other careers.
For instance, the denial of entry into a luxury hotel in Mumbai motivated the found of TATA group, Jamsetji Nusserwanji Tata, to swear and build a bigger and better hotel in India and with that motivation he built the Taj Mahal Palace & Tower, the first luxury hotel in India.
3. Why do we say that motivation is an inner state that energizes action?
Motivation is regarded as the inner state that energizes activities or action and directs or channels behavior towards the goal. I can also be seen as a process that arouses action, sustains the activity in progress and that regulates the pattern of activity.
We can see the motivation not only in humans but also in animals and plants, for the sake of survival. We see that animals fighting each other for food, shelter etc. This kind of behavior is observed in plants too.
In humans, the kind of motivation energizes them to take appropriate action to emerge themselves as leader or managers or executives or entrepreneurs.
Thus we can say that motivation is an inner state that energizes action.
4. Give an example to show that motivation is the source for initiation of action.
Motivation is always the source of initiation of the action towards the achievement of the goals. There’re numerous examples of achievers who took action towards their goal, through the motivation.
Example 1: The denial of entry into a luxury hotel in Mumbai motivated the found of TATA group, Jamsetji Nusserwanji Tata, to swear and build a bigger and better hotel in India and with that motivation he built the Taj Mahal Palace & Tower, the first luxury hotel in India
Example 1: Govind Jaiswal was son of a common Rickshaw puller. The insults and taunts that he received from the rich, in his surroundings, motivated him to take a decision to achieve IAS, the most prestigious position India. Failure to achieve IAS rank in his first position didn’t discourage him. The high cost of living in Delhi didn’t stop him. He spent around 18 hours a day to achieve his dream of becoming an IAS officer and made it.
5. What are the important features of a motivational process?
Motivation is essentially a process. It can be well expressed in the form of a model. The important features of the model are

1. Needs or expectations.
2. Behaviour
3. Goal
4. Feedback

6. Why do we say that motivation is a process that reduces the disequilibria in the mind?
Motivation is essentially a process. It can be well expressed in the form of a model. The important features of the model are

1. Needs or expectations.
2. Behaviour
3. Goal
4. Feedback

Thus we can say that every individual possesses an urge or a need, or multitude of needs, desires or expectations which act as activators for the motivation. These activators are characterized by the following two factors:

1. Emergence of need, desire or expectation
2. The anticipation of action.

In the first instant, the emergence of a need or a desire creates disequilibria in the individual. Then it develops a strung urge for the reduction of the equilibrium and return to normalcy.
Thus we can can say that motivation is a process that reduces disequilibria in the mind.
7. What is the link between motivation and action?
There are many individuals who have a dream, a vision and an idea. But they are not able to translate them into action, because they lack the necessary motivation for taking the first step towards realizing their goals or dreams.
However, people who have acquired the necessary motivation will be able to take the necessary steps towards the action and pave the path to achieve their goal or dream. The occurrence of certain incidents like getting inspired, the insulting words but some one or the encouragement from someone will motivate a person to take an action. Certain motivating events will bring in sudden action, even in persons, who have not taken any action towards their goals until that moment.
Thus we can say that both motivation and action have a strong link where in motivation acts as a process that arouses action.
8. What is meant by Achievement Syndrome?
Achievement syndrome can be defined as the pre-disposition or inclination of an individual to accomplish something important and unique in a competitive situation.

It comprises understanding and appreciation of the following elements and can be best described through the following diagram.

1. Clarity of goal
2. Visualizing the need
3. Taking action towards the goal
4. Anticipation of success or failure
5. Perceiving and seeking help to overcome the roadblocks
6. Accepting the positive or the negative feelings arising out of success or failure

9. What are the characteristics of the persons with a High Need Achievement?
The following are the characteristics of a person with a High Need Achievement.

1. Accepting to shoulder the responsibility of the task and ready to take ownership of end result, whether it is success or failure.
2. Bears moderate risk, which can be overcome by his efforts, of the challenging task.
3. Clarity of the goal to assess various alternatives available and take the path of moderate risk.
4. Delve for improvement of his efforts, by seeking continuous feedback of how he is doing.
5. Ensures that they persist on a given task until it is completed, despite failures or obstacles.
6. Failures will motivate them to innovate alternative approaches to achieve their goals
7. Gives greater importance to interpersonal-relations, especially with acknowledged persons in their fields, to achieve their goals.
8. High importance is given to the accomplishment of even a small task and believes that it is going to help them in achieving their long-term goal.
9. Individuals with high-end achievement live more “In process” and shows tolerance to ambiguity.
10. Jumps readily into action, are restless and like to take initiative. They’re pioneers and adventurers.
11. Keen to set the standards high and are adventurous. Ventures into new goals as soon as one goal is achieved.
12. Looks at the life as adventurous and are restless and energetic and are always striving persons who seek and enjoy challenges.

10. Why do persons with high nAch tend to be mobile?
Persons with nAch tend to be mobile as described below.

1. They are active, restless and like to take the initiative.
2. Pioneers and adventurers: They are willing to leave their home and venture into the unknown.
3. They tend to travel considerably and visit new places.
4. The mobility and flexibility of nAch person is evident in terms of ideas as well as physical action.

11. Why do people with high nAch adopt different approaches to achieve the goals?
The following characteristics depict the fact that people with high nAch adopt different approaches to achieve the goals.

1. They tend to be innovative with different approaches to achieve the goals.
2. They’re always prepared to try out alternatives.
3. They’re goal oriented than technique-oriented. For them, the method of choice is the method which will work best. So, if the common sense approach fails, they will invent new ones
4. They are ingenious at adapting and modifying whatever is at hand to solve the problems or achieve the objective.