MGTA01H3 Chapter Notes - Chapter 6: Risk Aversion, Capitalism, Julian Rotter
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MGTA01H3 Full Course Notes
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Entrepreneurs: the word entrepreneur is not a job description; it describes a temperament and a personality type. Attributes: a desire to achieve challenging goals, a belief in one"s own ability to in uence affairs, a willingness to tolerate some uncertainty, self-con dence. People with a need for power are motivated to have authority and they need to be in uential. They will choose careers that offer status and prestige. (senior managers, senior of cers in military, politicians, etc. : need for af liation (naff): in need theory, one of the three motivators. People with a need for achievement are motivated by a sense of personal achievement. They like to set and attain challenging goals for themselves and accomplish tasks. (athletes, intellectuals, scholars, entrepreneurs and business owners) Self-con dence: entrepreneurs have self-con dence (set ambitious goals, believe they can in uence people and are willing to undertake new ventures with self-con dence)
