The Usefulness of the Concept of Push and Pull Factors in Business and Entrepreneurship Free Essay Example, 2250 words

The usefulness of the concept of push and pull factors in business and entrepreneurship has propelled many scholars in conducting studies in this field. Studies have found out that individuals who start-up businesses out of necessity are often the best. Earlier studies on the pull and push concept of entrepreneurship showed the need for distinguishing between opportunity and necessity theory and practice of entrepreneurship. For instance, unsatisfactory job conditions, underemployment, personal ambition, rising unemployment, self-realization, creativity, unstable job, desire to improve the quality of working conditions, need to raise economic returns, to develop flexibility in ones career and the desire for independence are the factors that pushed a number of entrepreneurs in setting up business enterprises (Deakins and Freel, 2012, p. 63). This paper will, therefore, look on how different individuals are motivated by pull start-up factors and push start-up factors and how these fac tors are of significance in defining the entrepreneurial decision; thus leading to success or failure. Case studies conducted on the young entrepreneurs point out that the young generation is motivated by the desire to make money, to be their own boss, desire to achieve in life, the need of helping their families, contribute to the community development in social entrepreneurship as well as life situations such as the death of a spouse. We will write a custom essay sample on The Usefulness of the Concept of Push and Pull Factors in Business and Entrepreneurship or any topic specifically for you Only $17.96 $11.86/page