1
Q
Explain the financial method of entrepreneurial motivation
A
- Profit; it provides an incentive to encourage people to set up a business
2
Q
List the non-financial motivators of entrepreneurship [4]
A
- Ethical stance
- Social entrepreneurship
- Independance
- Home working
3
Q
Explain the entrepreneurial motive of ethical stance [2]
A
- Lies behind a firm’s efforts to do what is right
- This will link to a business’s CSR approach
4
Q
Explain the entrepreneurial motive of social entrepreneurship
A
Seeking innovative solutions to social problems
5
Q
Explain the entrepreneurial motive of independence [2]
A
- Suits people who like to work in their own way
- Values self-fulfilment and satisfaction
6
Q
Explain the entrepreneurial motive of home working [2]
A
- Suits people who don’t want to travel to a workplace everyday
- This can save on time and costs
