MGTA01H3 Lecture : lecture 5

• School: UTSC
• Department: Management (MGT)
• Course: MGTA01H3
• Professor: Chris Bovaird

Document Summary

Entreprnueurd: personality trait: high need for achievement , psychlogist david mccelland: created the theory of need of motivaton , needs motivation theory, three basic human motivation, need for power: people who are authority motivated". They need personal status and prestige: need for affiliation: people who need friendly relationships, motivated by interaction with other. Team player and, need to be liked and held in high regards: need for achievement: people, who seek achievement, want to attain challenging goals. Internal locus of control: a person"s belief that events result from their own behaviour and actions, internals: t ry to influence others, internals assume their efforts. Kid of entrepreneurs: entrepreneurs in family: single most telling indicator of successful entrepreneurs, genetic predispositions ( nature") 80% of entrepreneurs have heritage of family business. Women are more successful: women start business with less money, but women businesses, less likely to fail, more profitable, grow faster, take on more employees www. notesolution. com.