TY - JOUR

T1 - The psychology of entrepreneurship

AU - Frese, Michael

AU - Gielnik, Michael

PY - 2014

Y1 - 2014

N2 - In this review of the psychology of entrepreneurship, we first present meta-analytic findings showing that personality dimensions, such as (general) self-efficacy and need for achievement, and entrepreneurial orientation are highly associated with entrepreneurship (business creation and business success). We then discuss constructs that were developed within entrepreneurship research, such as entrepreneurial alertness, business planning, financial capital as resources, and entrepreneurial orientation, and how they can be better understood by taking a psychological perspective. Next, we elaborate how traditional psychological constructs have been utilized in entrepreneurship and how this may enhance our knowledge in industrial and organizational psychology (with respect to, for example, knowledge, practical intelligence, cognitive biases, goals and visions, personal initiative, passion, and positive and negative affect). Finally, we provide an overall framework useful for the psychology of entrepreneurship, and implications for future research.

AB - In this review of the psychology of entrepreneurship, we first present meta-analytic findings showing that personality dimensions, such as (general) self-efficacy and need for achievement, and entrepreneurial orientation are highly associated with entrepreneurship (business creation and business success). We then discuss constructs that were developed within entrepreneurship research, such as entrepreneurial alertness, business planning, financial capital as resources, and entrepreneurial orientation, and how they can be better understood by taking a psychological perspective. Next, we elaborate how traditional psychological constructs have been utilized in entrepreneurship and how this may enhance our knowledge in industrial and organizational psychology (with respect to, for example, knowledge, practical intelligence, cognitive biases, goals and visions, personal initiative, passion, and positive and negative affect). Finally, we provide an overall framework useful for the psychology of entrepreneurship, and implications for future research.

KW - Management studies

KW - business creation

KW - business success

KW - psychological constructs

KW - cognitive motivational

KW - affective

KW - Business psychology

KW - Entrepreneurship

UR - http://www.scopus.com/inward/record.url?scp=84930339956&partnerID=8YFLogxK

U2 - 10.1146/annurev-orgpsych-031413-091326

DO - 10.1146/annurev-orgpsych-031413-091326

M3 - Scientific review articles

VL - 1

SP - 413

EP - 438

JO - Annual Review of Organizational Psychology and Organizational Behavior

JF - Annual Review of Organizational Psychology and Organizational Behavior

SN - 2327-0616

ER -