BUSINESS ADMINISTRATION
ENTREPRENEURIAL DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Need achievement & social mobility
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Need achievement & status respect withdrawal
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Social mobility & marginality
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None of these
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Detailed explanation-1: -In general, the main psychological characteristics are strongly related to the entrepreneurial literature, namely: internal locus of control, the tendency to take risks, confidence, the need for achievement, tolerance for ambiguity and innovation.
Detailed explanation-2: -The factors include: planning orientation, work orientation, personal efficacy, market orientation, location, business acumen, dynamism, service orientation, in-depth knowledge, achievement motivation, social networks, interest, internal control, marketing strategy and innovativeness.
Detailed explanation-3: -McClelland [21] developed the theory of the need for achievement (nAch) which describes the entrepreneur as a person with a stronger need for achievement than the general population. Need for achievement is based on a person’s desire for accomplishment and recognition, which drives them to become an entrepreneur.
Detailed explanation-4: -Three of the most popular psychological theories of entrepreneurship today include: McClelland’s theory, Rotter’s locus of control theory and, Action regulation theory.