Entrepreneurial orientation: role of parenting, personality and entrepreneurial exposure

Abstract

Over the last two decades entrepreneurship has emerged as arguably the most patent force the world has ever experienced. Entrepreneurial firms enable million of people, across all sections of society, age and gender to pursue the pursuit of economic success. Entrepreneurial orientation refers to the processes, practices, and decision making activities that lead to the development of enterprises. It is the combination of abilities, traits and extra personal influences that would enables a person to mobilize his/her psychological resources to enter into a challenging a venture. In the present study seven variables, namely, risk taking, achievement motivation, organizational abilities, self concept, persuasion, attitude towards entrepreneur and problem solving ability are taken as indices of entrepreneurial orientation. It is contended that parenting is playing crucial role in shaping children?s entrepreneurial orientation. Three parenting styles viz. authoritarian parenting, authoritative parenting and permissive parenting have been taken for analyzing their effect on entrepreneurial orientation. Parenting seems to be another important influence in the development of entrepreneurial orientation. In this regard Big Five factor of personality viz. Neuroticism, Extraversion, Openness to experience, Agreeableness and Conscientiousness have been taken for investigation. Following this contention that role of stimulating environment in shaping children?s orientation can not be undermined. Hence significant variables like media, family, school, peer effect, friends and relatives have been chosen to investigate their effect on the development of entrepreneurial orientation. OBJECTIVES OF THE STUDY To study the relationship of authoritative, authoritarian and permissive parenting styles with entrepreneurial orientation of adolescents. To study the association between personality and entrepreneurial orientation in adolescents.