Study of an Individual's Entrepreneurial Intention: Evidences from Telecom Industry in Jaipur City

Abstract

Entrepreneurs have been regarded as the key drivers in the progress and development of a nation. Entrepreneurs are persons undertaking innovation, finance and business acumen in order to transform these innovations into economic goods. Risk taking, opportunity seeking and speculation are normally considered as characteristics of entrepreneurs in various research studies. The study explored the factors required by managers intending to become an entrepreneur. This study focussed on the relationship between individual motivational factors critical to entrepreneurial business success. Factors behind the motivational levels of individuals who intend to become entrepreneurs such as opportunity recognition, triggering event, need for achievement, innovation, self-efficacy and propensity for proactive behaviour were chosen as the main variables and a questionnaire was designed. The questionnaire was sent to 40 local managers and employees of telecom industry and 25 valid responses were received. A correlation coefficient was determined among all the above variables. Similarly, the correlation study suggested a positive correlation between triggering event and need for achievement and propensity for proactive behaviour (0.512,0.573). A low positive correlation was found between need for achievement and innovation (0.345). The results suggest that incubation practices and training could enhance the entrepreneurial capabilities among the employees. Entrepreneurship is a process and could be nurtured through programs that promote entrepreneurial attitude and help potential entrepreneurs engage in entrepreneurial activities.