MGTA01H3 Lecture 4: MGTA03 Chaper 3 week 4.doc
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MGTA01H3 Full Course Notes
Verified Note
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Document Summary
Needs motivation theory: need for power (n-pow) - people who are authority motivated". These people need personal status and prestige: need for affiliation (n-aff) - people who need friendly relationships, motivated by interaction with others. N-aff produces need to be liked, held in high regard. Players: need for achievement (n-ach) - people who seek achievement, want to attain challenging goals. Entrepreneurs : very high need for achievement . Persons belief about what causes good or bad results in his or her life. The extent to which people believe that they control events that affect them. Internal - people belief that events result from their own behavior and actions. External - people who believe that powerful others, fate, or chance determine events. Entrepreneurs: recognize opportunities assemble and mobilize resources assume risks to realize rewards. People see risk: from new situations, complexity, or the unknown. Risk intolerance: new or previously unknown situations seen as threatening.
