ENTREPRENEURSHIP

Detailed explanation-1: -An internal locus of control refers to the belief that actions and consequences are under an individual? Control (e.g. Through hard work), whereas an external locus of control refers to consequences occurring as a result of external circumstances.

Detailed explanation-2: -The entrepreneur is said to haven internal locus of control if believes he is the master of his own destiny. Those with external locus of control easily succumb to fate and believe that their lives are controlled by the external forces like economic conditions, politics, technology and social factors.

Detailed explanation-3: -Internal locus of control can lead individuals to develop entrepreneurial intentions. Some successful entrepreneurs claim that their success is due to the right decisions they have made (internal locus of control), not because of external factors such as fate and luck.