Exploring Individual Entrepreneurial Orientation and Its Relation to Entrepreneurial Action

Abstract

In this chapter, individual entrepreneurial orientation will be investigated to find the influence it has on entrepreneurial action of post graduate students. Individual entrepreneurial orientation (IEO) can help post-graduate students, teachers, investors and organisations better understand an individual's personal orientation towards taking risks, openness to new ideas and consciousness in the business environment. IEO is commonly understood as signifying the processes and decision-making activities that lead to entrepreneurship. In a systemic context, an individual constitutes a micro system and is closely linked to the various processes at differing levels of systematic development.