BusinessMcClelland’s Acquired Needs Theory McClelland’s Acquired Needs Theory According to David McClelland, a person feels three types of needs as a result of one’s life experience. In his in…
BusinessAmbition is the lever of all motives – Explanation Ambition is the lever of all motives – Motivation is defined as the process that initiates, guides, and maintains goal-oriented behaviours. Motivation is what causes…
BusinessWhy entrepreneurs analysis the Maslow’s Need’ Hierarchy Theory? The classic theory, Abraham Maslow’s hierarchy of needs, is supposed to help us to understand human motivation. Abraham Maslow developed the Hierarchy of Needs model…
BusinessWhat are the motivating factors for Entrepreneurship? Entrepreneurship is proceeded of setting out on your own and starting a business instead of working for someone else in his business. Motivation is the…
BusinessDistinguish between Motivation and Achievement Motivation Motivation is defined as the process that initiates, guides, and maintains goal-oriented behaviours. Motivation is what causes us to act, whether it is getting a…
BusinessInnovation Theory by Schumpeter Innovation Theory by Schumpeter Joseph A. Schumpeter developed a theory regarding the economic development of a country in his book “Theory of economic development”. According…
BusinessMoney does not come as first motivating factor for women entrepreneurs An entrepreneur is a person who creates something new and assumes the risks and rewards associated with that innovation. S/He gets profit as his reward…
BusinessComponents of Internal Business Environment Internal is the environment that has a direct impact on the business. An organization’s internal business environment is composed of the elements within the group,…
BusinessEntrepreneurial Motivation Entrepreneurial Motivation Generally, motivation is the set of forces that cause people to do something. It is an inner state that energizes and directs behaviour…
BusinessRole of Entrepreneurship in an Economic Development The entrepreneur who is a business leader looks for ideas and puts them into effect in fostering economic growth and development. Entrepreneurship is one of…