Money can't buy happiness: intrinsic rewards of entrepreneurs

Research output: Chapter in Book/Report/Conference proceedingConference abstractpeer-review


What rewards do social entrepreneurs anticipate when they create value for communities in need? This paper offers insights into possible rewards social entrepreneurs receive in return for investing their time and resources creating value for others. Following a review of intrinsic returns from entrepreneurial activities, we employ a goal-directed behavior lens to conduct a qualitative, instrumental case study of thirteen social entrepreneurs. Similar to commercial entrepreneurs, social entrepreneurs report gaining personal satisfaction and growth from their ventures. In contrast, social entrepreneurs place emphasis on successful change in target communities rather than achieving independence and work-life balance. This work offers a starting point for continued research into non-financial rewards of entrepreneurship.
Original languageEnglish
Title of host publicationProceedings of the 27th ANZAM Conference 2013
Subtitle of host publicationmanaging on the edge
EditorsMartin Grimmer, Rob Hecker
Place of PublicationAustralia
PublisherAustralian and New Zealand Academy of Management
Number of pages1
ISBN (Print)9780987596819
Publication statusPublished - 2013
EventAustralian and New Zealand Academy of Management Conference (27th : 2013) - Hobart, Australia
Duration: 4 Dec 20136 Dec 2013


ConferenceAustralian and New Zealand Academy of Management Conference (27th : 2013)
CityHobart, Australia


  • entrepreneurs
  • social entrepreneurship
  • motivation
  • characteristics of entrepreneurs


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