MGTA01H3 Lecture 6: Enterprise and Entrepreneurs
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MGTA01H3 Full Course Notes
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90% of canadian businesses employ less than 10 workers. Small businesses created 78% of all new jobs from 2002 2012. In canada, 98% of all businesses are small . They have created nearly 80% of the jobs. Enterprise: a project or undertaking that requires effort but whose outcome is uncertain. It"s easy for a business to fail. Most would-be entrepreneurs think the odds of success are even worse! Need for power (n-pow: people who are "authority motivated", they need to be influential, n-pow produces a need to lead, 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, team players. Need for achievement (n-ach: people who seek achievement, want to attain challenging goals, n-ach produces people who need accomplishment. A person"s belief about what causes good or bad results in his or her life.
