Class Notes (923,434)
CA (543,250)
UTSC (33,026)
MGT (624)
MGTA01H3 (350)
Lecture

lecture 5

2 Pages
39 Views

Department
Management (MGT)
Course Code
MGTA01H3
Professor
Chris Bovaird

This preview shows half of the first page. Sign up to view the full 2 pages of the document.
MGTA03
Lecture Five:
Entreprnueurd: Personality Trait
High Need for achievement
oPsychlogist David McCelland: Created the theory of Need of motivaton
oNeeds Motivation Theory
oThree basic human Motivation
1.Need for Power: People who are authority motivated. They need to be
influential. They need to lead. They need personal status and prestige.
2.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
3.Need for Achievement: People, who seek achievement, want to attain
challenging goals. N-Arch produced people who need accomplishment.
Internal locus of control
oA persons belief that events result from their own behaviour and actions.
oInternals: try to influence others
ointernals assume their efforts
External Locus of Control
oPeople who believe that powerful others, fate, or chance determine events
oLess likely to be leaders
oLess likely to take risks
oLess likely to start their own business
Risk tolerance
oDefinition of Risk: Uncertainty of outcome
oPeople seek risk: From new situations, complexity, or the unknown.
oRisk Intolerance: New or previously unknown situations seen as threatening
oRisk Tolerance: People see new or previously unknown situations as desirable
Self Confident
Kid of Entrepreneurs:
Entrepreneurs in family: Single most telling indicator of successful entrepreneurs
80% of entrepreneurs have heritage of family business
Importance of Role Models (Nurture”)
Genetic Predispositions (Nature)
Immigrants of Children
Women Are More Successful
Women start Business with less money
But women businesses:
oLess likely to fail
oMore profitable
oGrow faster
oTake on more employees
www.notesolution.com

Loved by over 2.2 million students

Over 90% improved by at least one letter grade.

Leah — University of Toronto

OneClass has been such a huge help in my studies at UofT especially since I am a transfer student. OneClass is the study buddy I never had before and definitely gives me the extra push to get from a B to an A!

Leah — University of Toronto
Saarim — University of Michigan

Balancing social life With academics can be difficult, that is why I'm so glad that OneClass is out there where I can find the top notes for all of my classes. Now I can be the all-star student I want to be.

Saarim — University of Michigan
Jenna — University of Wisconsin

As a college student living on a college budget, I love how easy it is to earn gift cards just by submitting my notes.

Jenna — University of Wisconsin
Anne — University of California

OneClass has allowed me to catch up with my most difficult course! #lifesaver

Anne — University of California
Description
MGTA03 Lecture Five: Entreprnueurd: Personality Trait High Need for achievement o Psychlogist David McCelland: Created the theory of Need of motivaton o Needs Motivation Theory o Three basic human Motivation 1. Need for Power: People who are authority motivated. They need to be influential. They need to lead. They need personal status and prestige. 2. 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 3. Need for Achievement: People, who seek achievement, want to attain challenging goals. N-Arch produced people who need accomplishment. Internal locus of control o A persons belief that events result from their own behaviour and actions. o Internals: try to influence others o internals assume their efforts External Locus of Control o People who believe
More Less
Unlock Document


Only half of the first page are available for preview. Some parts have been intentionally blurred.

Unlock Document
You're Reading a Preview

Unlock to view full version

Unlock Document

Log In


OR

Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit