MGTA01H3 Lecture Notes - Lecture 6: Takers, Julian Rotter, Free Market
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MGTA01H3 Full Course Notes
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Chapter 6 (lectures): free enterprise: freedom from bureaucracy and regulation to start a business (excluding businesses like banks, radio/tv station, most canadian businesses are small. There are about 78 percent of small businesses in canada. Little businesses create more jobs than big ones even during the period of the recession: enterprise: a project or undertaking that requires effort but whose outcome is uncertain. A business; easy to start to its outcome is undetermined. The hudson bay company is the oldest business in canada. %50 of the businesses last 5 years in canada: entrepreneurs have four characteristics which include: high (cid:862)need for a(cid:272)hie(cid:448)e(cid:373)e(cid:374)t(cid:863), (cid:862)i(cid:374)ter(cid:374)al(cid:863) locus of control, risk tolerant, and self confident, high (cid:862)need for a(cid:272)hie(cid:448)e(cid:373)e(cid:374)t(cid:863): Psychologist david mcclelland (1961) was interested in the theory of what motivates people to do something or a certain task. Developed a (cid:862)needs moti(cid:448)atio(cid:374)(cid:863) theory that consists of one of three basic human motivations: the need for power (n-pow)
