This paper defines and describes entrepreneurial creativity, which is
the generation and implementation of novel, appropriate ideas to estab
lish a new venture. Entrepreneurial creativity can be exhibited in est
ablished organizations as well as in start-up firms. The central thesi
s of this paper is that entrepreneurial creativity requires a combinat
ion of intrinsic motivation and certain kinds of extrinsic motivation
- a motivational synergy that results when strong levels of personal i
nterest and involvement are combined with the promise of rewards that
confirm competence, support skill development, and enable future achie
vement.