Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/219978 
Year of Publication: 
2017
Series/Report no.: 
Institute of Economic Research Working Papers No. 156/2017
Publisher: 
Institute of Economic Research (IER), Toruń
Abstract: 
Research background: SME character determines that entrepreneur´s personality plays a significant role in their management. For this reason it is necessary to consider the personality as a whole including his/her motives for entrepreneurship. Purpose of the article: The aim of this article is to examine the relationship between entrepreneurial motives and innovativeness in the small and medium-sized enterprises (SMEs) sector in the Czech Republic. Methodology/methods: We have analyzed the data collected in 2015 from 1141 SMEs from 14 regions of the Czech Republic. For the purpose of this article we focused on the motives for doing business, which were analyzed on the part of the whole sample including two selected groups of respondents. The first group (330 respondents) consisted of entrepreneurs who featured money as the most important motive for starting up a business and the second group (251 respondents) consisted of entrepreneurs who featured mission as the main reason for starting up a business. Findings & Value added: We have revealed statistically significant differences in innovativeness between the entrepreneurs motivated by money and the entrepreneurs motivated by mission. Regardless of the entrepreneurial motives vast majority of entrepreneurs consider the innovativeness to be important for their company.
Subjects: 
entrepreneurial motives
innovativeness
proactiveness
mission
money
JEL: 
L26
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

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