It has allowed us in many Western societies to move from meeting Maslow’s basic needs of food, water, shelter and safety towards the attainment of what he calls ‘self-actualising’ man. A good entrepreneur will use his idea to help grow the economy, yet there are plenty of entrepreneurs whose services only help to redistribute pre-existing wealth. Entrepreneurship that works this way is known as unproductive entrepreneurship and is often seen across many financial and legal services. Outside of specific industries, another common example is that of landlords.

which could provide an individual with the motivation

Therefore, understanding the formation of internet entrepreneurial intention is important. Behavior is generated depending on personal factors and environmental factors. This study contributes to the theoretical understanding of the internet entrepreneurial intention to use technology products. In particular, drawing on SCT and SDT, a comprehensive model including technology product imagination disposition, intrinsic motivation, extrinsic motivation, and social support was developed and examined. The personal trait examined in this study is technology product imagination disposition, a concept from SCT. Imagination is an innate human ability that is also the basis of creative activities (Ho et al., 2013). Imagination enables people to surpass experience and create new possibilities.

Motivation, creativity and innovation in individuals, and their relationship to group and team dynamics

Passion – This attribute is key for every business owner, and even more so for entrepreneurs. They enter the industry to change obsolete ways and implement unique business ideas. Passion helps them achieve their targets and keeps them motivated during difficult phases. Intrapreneurship tales place in the private, public, charity and government sectors. Different kinds of organisations are promoting entrepreneurial activities within their staff and management teams more and more as budgets get tighter and expectations for results get higher. Among Filipino youth, a new attitude is forming; they are progressively viewing entrepreneurship as a viable alternative to employment. Our Enterprise Hub supports student entrepreneurs by providing extensive industry knowledge and guidance to help develop ideas into viable ventures.

Self-employment and new firm formation

It may take a long time for society to realize the true value of entrepreneurs’ technology product ideas. In such contexts, capital incentives and loan conditions provided by government agencies may not be sufficient, or the intention of internet entrepreneurs is not to get more rewards but to achieve their own life goals. The goal of entrepreneurship is to create a new business (Low and MacMillan, 1988; Amit and Zott, 2001). Thus, entrepreneurial intention is an important driver of entrepreneurial behavior (Zhao et al., 2005; Liñán and Chen, 2009). Internet entrepreneurship aims to create a new business through internet resources and technology, which is an extension of traditional entrepreneurship. Internet entrepreneurial intention is defined as the estimation of the possibility that a person will start and own a new e-commerce business (Wang et al., 2016; Chang et al., 2020).

Management MSc

In fact, Hay Group’s research on employee motivation proved that offices with engaged employees are 43% more productive. Employee motivation is defined as the level of energy, commitment, persistence, and creativity that workers bring to their jobs. It goes without saying that higher employee motivation leads to better engagement and productivity. Unsurprisingly, employee motivation has become one of the top priorities for most businesses. Policymakers should invest in understanding why an individual selects self-employment instead of new firm formation, and vice versa. This would improve their understanding of how an individual can be channeled into the form of entrepreneurship most desired by policymakers. Policymakers can benefit from multilevel research on how different contextual levels can affect entrepreneurship outcomes; in other words, how the country level, region level, and firm level can influence a key policy goal.