MGTA01H3 Lecture Notes - Lecture 6: Risk Aversion
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MGTA01H3 Full Course Notes
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Document Summary
Industry canada tends to call a business small if it has fewer than 100 employees small and medium-sized enterprises (sme): a commonly used acronym for small and medium-sized enterprises, meaning any business with fewer than 500 employees. Entrepreneurs: psychological characteristics: most are older than the average canadian (50 64 years old, 45%, a desire to achieve challenging goals, need for power (npow): in need theory, one of three human motivators. People with a need for power are motivated to have authority and they need to be influential. They will choose careers that offer status and prestige: need for affiliation (naff): in need theory, one of the three human motivators. People with a need for affiliation need to have friendly relationships and are motivated by interaction with others: need for achievement (nach): in need theory, one of three human motivators. People with a need for achievement are motivated by a sense of personal achievement.
