Entrepreneurship/Intrapreneurship, Personality Correlates of

Abstract

Entrepreneurship is considered an individual or organizational level behavioral phenomenon. The entrepreneurship-specific domain incorporates the creation and management of new businesses, small businesses, and family businesses, as well as the characteristics and special problems of entrepreneurs. The key personality correlates of entrepreneurship can be summarized in six groups of personality characteristics: (1) need for achievement; (2) internal locus of control; (3) need for independence; (4) risk-taking propensity; (5) entrepreneurial self-efficacy; (6) the Big Five personality factors. Some differences may exist between entrepreneurs and intrapreneurs since intrapreneurs act inside an existing organization, so they need to cooperate with managers and other collaborators in the organization and may have a less expressed need for independence than entrepreneurs. Personality correlates of entrepreneurs need to be researched in cross-cultural comparative studies and in studies that include sociological elements, which may be related to the formation of the personality or behavior of individuals with entrepreneurial intentions and entrepreneurs and intrapreneurs.

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