A Psychological Analysis of Technopreneurial Capabilities

Abstract

Study of select entrepreneurs, who lead technical enterprises near the world heritage site of Aurangabad, Maharashtra, reveals a unique combination of technological intellectual capital and mental capability factors in their mindset tilted more towards their attitude and their way of living life than any thing else. The paper is based on a survey of a sample of entrepreneurs of manufacturing sector along 55 psychological factors designed on a 5-point scale. Charged with the technical competencies these entrepreneurs are found to be out-of-box thinkers and they rear those psychological factors that constitute creativity and innovativeness and that reflect novelty in their action and behavior. The results of the analysis, using the responses and weightages assigned to psychological variables, indicate that there exists a cohesiveness of the two independent factors viz. psychological factors and technological inputs with the dependent factor of technopreneurial capabilities.