The Psychological Formation of An Entrepreneur: Entrepreneurial Intention Model
This study aims to identify the major personality traits and their influence on entrepreneurial intentions of Pakistani business students in presence of perceived support and perceived barriers. Study used a close ended questionnaire adopted from previous studies to collect the data from 200 business students studying in business schools of Karachi, Pakistan. The Study applied Partial Least Square (PLS) method to analyze the relationships. Results revealed that attitude, innovativeness and risk taking ability have highly profound influence on entrepreneurial intentions. Further, study applied PLS by dividing them into categories of those studied in Cambridge education system. Interestingly, risk taking ability and innovativeness were high among those who studied matric system which is contrary to perceived wisdom. Based on findings, study suggests to devise awareness programs aimed at persuading student’s attitude toward entrepreneurship and nurturing their creativity. For in-depth analysis, study suggests to focus on the high risk takers and innovators to understand what drives them to do so.
Index Terms - Entrepreneurial intention, Attitude towards entrepreneurship, psychological formation