Literature Review Of Entrepreneurial Behavior

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2. LITERATURE REVIEW Entrepreneurial intentions require several mental or psychological factors to be carried out. Psychological well-being, as a whole, is important as its own independent factor to various activities. This is some cases may enable a direct link between psychological well-being and entrepreneurial activity. So according to the mental state and well-being of an individual, entrepreneurial attributes or intention can be affected. This is further analysed in this section. 2.1 Define entrepreneurial intentions Entrepreneurial intentions are driven by the end goal of achieving entrepreneurial success which involves the seeking out of information that can help achieve this goal (Katz and Gartner, 1988: 9-37). According to Nabi, G., Holden, R., Walmsley, A., (2006: 373-375) it can be defined as the mental state in which one has the urge to enforce the start up of a new venture or to add value to an already existing operation. The concept is derived from various contributing aspects stemming from personal traits and personal background. Entrepreneurial intentions have major influence from the individual’s own decisions and attitude. They are however, analysed differently ranging from deep and thorough research of individual characteristics (attitude, personal motives and more) to the consideration of external factor such as institutional and economic factors. Sanchez (2011: 239-254) proposes from research that the main factors of entrepreneurial intention are
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