Motivating Elements in a Business Society
“Social structure and culture put a check on the behavioral pattern of a population section. Some societies are enterprising by their very nature or because of the demands of milieu, where as some are contented and passive by nature.”
It is not that only eccentricity is required for the upcoming of entrepreneurship in a society. Marginality alone does not promise entrepreneurship. There must be some additional significant factors at work, which influences the supply of industrial entrepreneurship.Social structure and culture put a check on the behavioral pattern of a population section. Some societies are enterprising by their very nature or because of the demands of milieu, where as some are contented and passive by nature.
Whatever the case, it is always the enterprising people who motivate others to do something different. This is especially true of the business domain where the main aim is to attain maximum profit. In the absence of motivation (for money or status) the world would not have been what it is today. Whole of the capitalism and the industrial set up has its origin in such motivating factors only.
Society limits specific activities to the members of particular subcultures. This limitation structure affects all the members of the society. The limitation structure is basically cultural and social but demand structure is mainly economic. When a person sees economic gain ahead of him, he is ready to break various rules of a particular structure and lures others also in his pursuit for wealth or profit.
This type of structure changes with economic progress. It can be improved by providing material rewards. Such rewards are essentially to lay the foundation of the future social gains. The behavioral pattern can be influenced in an entrepreneurial way by manipulative demand structure.
Then comes the opportunity structure. It is a major factor in the furnishing of entrepreneurs in any kind of society. It is necessary to increase the probability of entrepreneurial activities. Opportunity structure consists of availability of capital, decision-making skills, prospects of learning, labor supply and information about business operations.
The labor supply cannot be viewed at par with the supply of other material conditions like capital. Labor means men and is a function of several variables. The supply of factory labor is governed by available alternatives. Here, individual hopes, aspirations, employment and various other traditional factors come into play.
Author - DeeKay
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