Advanced

Entrepreneurial motivation as the essential factor for venture success

Seryy, Taras (2011)
Department of Business Administration
Abstract
In this paper I review the current body of knowledge linking entrepreneurial motivation and performance. From this frame of reference I evaluate my experiences in commercialization of university research within the context of the entrepreneurship program. Commercialization of university research and external ideas has been a major priority of program. The students are strongly encouraged to develop externally triggered opportunities, as it is the general belief that having additional resources attached to these opportunities should improve the chances for success. Nothing could be further from the truth. Without proper motivation, entrepreneurs are at a significant disadvantage when facing the challenges on the way towards... (More)
In this paper I review the current body of knowledge linking entrepreneurial motivation and performance. From this frame of reference I evaluate my experiences in commercialization of university research within the context of the entrepreneurship program. Commercialization of university research and external ideas has been a major priority of program. The students are strongly encouraged to develop externally triggered opportunities, as it is the general belief that having additional resources attached to these opportunities should improve the chances for success. Nothing could be further from the truth. Without proper motivation, entrepreneurs are at a significant disadvantage when facing the challenges on the way towards commercialization, and without proper support, are forced to abandon the projects that are commercially viable. The work examines circumstances leading up to such outcomes and provides recommendations for improving the results of future commercialization projects. (Less)
Please use this url to cite or link to this publication:
@misc{2004379,
  abstract     = {In this paper I review the current body of knowledge linking entrepreneurial motivation and performance. From this frame of reference I evaluate my experiences in commercialization of university research within the context of the entrepreneurship program. Commercialization of university research and external ideas has been a major priority of program. The students are strongly encouraged to develop externally triggered opportunities, as it is the general belief that having additional resources attached to these opportunities should improve the chances for success. Nothing could be further from the truth. Without proper motivation, entrepreneurs are at a significant disadvantage when facing the challenges on the way towards commercialization, and without proper support, are forced to abandon the projects that are commercially viable. The work examines circumstances leading up to such outcomes and provides recommendations for improving the results of future commercialization projects.},
  author       = {Seryy, Taras},
  keyword      = {entrepreneurial opportunity cost,entrepreneurial process,university innovation,motivation,entrepreneurial education,technology transfer,research commercialization,entrepreneurship,entrepreneurial motivation,Management of enterprises,Företagsledning,management},
  language     = {swe},
  note         = {Student Paper},
  title        = {Entrepreneurial motivation as the essential factor for venture success},
  year         = {2011},
}