Role of Family Climate in Shaping Entrepreneurial Characteristics

In order to gain insights into entrepreneurial behaviour from a psychological perspective, this study examined the role of family climate in development of Entrepreneurial Behaviour. Two standardized self-report measures, namely Family Climate Scale and Entrepreneurial Behaviour Inventory, were used on 61 participants (30 corporate employees and 31 venture owners). Then, the results were analysed using Pearson product moment correlation to see the relationship between Family Climate and Entrepreneurial Behaviour. For the comparison of both family climate and Entrepreneurial Behaviour between corporate employees and venture owners, the researchers used student’s t-test. The results of the present study indicate that family does not play a major role in determining entrepreneurial behaviour as there were a number of other external factors, which played a huge role in determining the entrepreneurial spirit. Future studies should explore other factors that affect the entrepreneurial spirit. Besides the family climate, taking the other psycho-social factors like locus of control, family, gender, and caste, further studies can be suggested as there is a growing need for entrepreneurial growth in the under developed and developing country like India.