Entrepreneurial Theories: Need for Achievement
CMAT 2023 · Innovation & Entrepreneurship · Medium · Innovation & Entrepreneurship
Which of these theories involve taking a moderate amount of risk as a function of skill and not chance?
- A.
Need for achievement
- B.
Need for affiliation
- C.
Need for authority
- D.
Need for independence
Answer
A
Explanation
McClelland's Need for Achievement theory suggests that individuals with a high need for achievement take calculated/moderate risks where success depends on skill rather than chance.
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