Year: 2026
Type: book-chapter
Abstract: Entrepreneurial Motivations: Purpose, Tradition, Wealth and Necessity Driving Forces of EntrepreneurshipThe 2024/25 GEM data highlight the crucial role of entrepreneurial motivation in driving business activity across different economies worldwide.As shown in Figures 7.1 and 7.2 below, most entrepreneurs in countries such as India, Guatemala, and Brazil are found to be purposefully motivated, with an approach to make a difference in the world, at figures of 77.6%, 83.7%, and 74.6%, respectively.Such a kind of motivation reflects a purpose-driven approach aimed at making societal contributions and having a wide-scale impact on their economies.Similarly, these countries also report high motivation towards building great wealth or very high income with figures of 88.1% for India, 83.9% for Guatemala and 79.8% for Thailand, indicating a hybrid entrepreneurial mindset.Regarding the motivation to continue a family tradition and earn a living due to scarce job opportunities, India scores high with figures of 70.3% and 90.0%respectively which indicate the current economic constraints in India and the intergenerational expectations in areas with limited job opportunities.
Language: English
Subfield: Management of Technology and Innovation
Domain: Social Sciences
Open Access status: gold
OpenAlex ID: W7203673756