Psychological Theories of Entrepreneurship

    What are the psychological theories of entrepreneurship?


    This theory looks at an individuals mindset towards achieving a goal and how this mentality is developed.

    This theory analyzes an individual's perception of events and suggests that individuals with an internal locus of control are associated with entrepreneurial intentions.

    This theory suggests that individuals develop the desire to improve themselves and become better than their past selves. 

    This theory posits that individuals who possess a higher tolerance of ambiguity are more likely to succeed in the face of uncertainty. 

    This theory looks at the different sources of passion for an entrepreneur and how they provide motivation.

    The notion that impulsivity is sometimes required in entrepreneurship due to uncertainty and urgency in the market.

    Disagreeableness theory is controversial because it paints the entrepreneur as the quintessential contrarian jerk.

    This theory suggests that the most important determinants of an individual's behavior is their intentions to engage in the behavior.

    This theory posits that people are motivated to find causes for their successes and failures as well as the behavior of others.

    This theory is often used by authors making economic arguments about entrepreneurs.

    This theory suggests that entrepreneurs have a high level of confidence which gives them an increased resilience in implementing ideas and a sense of invulnerability.

    This theory suggests that entrepreneurs are characterized by a need for achievement.

    The procedural justice theory posits that entrepreneurs utilize fair processes in their decision-making.

    This theory suggests that individuals change between two states: a promotion focus and a prevention focus. Each focus has advantages in different environments.

    This theory suggests that an individual will have the motivation to enter into an entrepreneurial path if they value the profits of it, believe they can start the venture, and believe that the venture will yield profits.
     
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