Lent, Brown, And Bandura's Theory Of Entrepreneurship?

Entrepreneurship is defined as the process or the area where an individual who eventually becomes an ‘entrepreneur’ starts a new business or an organization. Generally, an entrepreneur is an individual is an innovator who generates new ideas which can lead to better business processes. Entrepreneurship can also involve a group of people who are willing and have the ability to convert a new idea into an exciting or great innovation. This process of entrepreneurship includes other qualities like leadership, team-building, decision making, management etc. This entrepreneurial spirit isn’t common amongst everybody as it depends on various characteristics which influence people in different ways. Researches have said that innovations and ideas depend on the individual’s state. This can be influenced by various factors like belief, …show more content…
Hackett and Betz said that Bandura’s theory of self-efficacy can be used to find out the vocational inclinations of people. Career self-efficacy was noticed to be the most important factor of males’ intentions to pursue careers in female occupations. Person with high levels of self-efficacy may also have strong occupational intentions for an career. Lent, Brown, and Hackett applied self-efficacy in a social framework to explain three aspects of career development. They are the formation of career relevant interests, selection of a career choice option and performance and persistence in the selected occupation. Lent found that self-efficacy was significantly related to career interests and performance. However, Lent also found that self-efficacy is the only mediator between a person’s abilities and his or her career interests. Z2hato another research scholar also found that gender was directly related to entrepreneurial intentions and looking at past studies it was found that women had lower intentions to venture into their creative businesses than