Enablers of Entrepreneurial Intentions: Review of Literature and a Theoretical Framework

Abstract

This article is focused on the review of key enablers of entrepreneurial intentions. On the basis of the findings of the extensive review and resultant propositions presented, ‘A Theoretical Framework of Enablers of Entrepreneurial Intentions’ is proposed which is expected to be tested in future research. According to this framework, the three motives, viz., need of independence, need for achievement, and desire for monetary rewards or financial wealth; the three attitudes, viz., innovativeness, pro-activeness, and risk-taking propensity; self-efficacybeliefs; and a number of demographic and environmental factors act as enablers of the entrepreneurial intentions. Demographic enablers include entrepreneurial family back-ground / parents as entrepreneurial role model, prior entrepreneurial or intrapreneurial experience (previous work experience), previously participation in relevant educational or training programmes whereas environmental enablers include indicators of good economic conditions, supportive government policies as regards to licensing, taxation etc., easy access to relevant information, live contacts and networked relationships with successful entrepreneurs, easy availability of venture capital, and sufficient availability of necessary resources like infra-structural facilities, transportation facilities, skilled labour force, and other support services.