David McClelland’s
Achievement Motivation theory
In the 1930s, Harvard psychologist David McClelland described three needs that drove human behavior: power, accomplishment and affiliation.
Power seekers want to make decisions others have to obey.
Affiliators crave companionship and are intent on accomplishing something.
They want to create something significant and tangible.
Development of Entrepreneurship Theory and the term Entrepreneur
Stems from French: means between-taker or go-between.
Middle Ages: actor and person in charge of large-scale production projects.
17th century: person bearing risks of profit (loss) in a fixed – price contract with government.
1725: Richard Cantillon – person bearing risks is different from one supplying capital.
1803: Jean Baptiste Say – separated profits of entrepreneur from profits of capital.
1876: Francis Walker – distinguished between those who supplied funds and received interest and those who received profit from managerial capabilities.
1934: Joseph Schumpeter – entrepreneur is an innovator and develops untried technology.
1961: David McClelland – entrepreneur is an energetic, moderate risk taker.
1964: Peter Drucker – entrepreneur maximizes opportunities.
1975: Albert Shapero – entrepreneur takes initiative, organizes some social and economic mechanisms, and accepts risks of failure.
1980: Karl Vesper – entrepreneur seen differently by economists, psychologists, businesspersons and politicians.
1983: Gifford Pinchot – intrapreneur is an entrepreneur within an already established organization.
1985: Robert Hisrich – entrepreneurship is the process of creating something different with value by devoting the necessary time and effort; assuming the accompanying financial,
psychological, and social risks; and receiving the resulting rewards of monetary and personal satisfaction
Achievement Motivation theory
In the 1930s, Harvard psychologist David McClelland described three needs that drove human behavior: power, accomplishment and affiliation.
Power seekers want to make decisions others have to obey.
Affiliators crave companionship and are intent on accomplishing something.
They want to create something significant and tangible.
Development of Entrepreneurship Theory and the term Entrepreneur
Stems from French: means between-taker or go-between.
Middle Ages: actor and person in charge of large-scale production projects.
17th century: person bearing risks of profit (loss) in a fixed – price contract with government.
1725: Richard Cantillon – person bearing risks is different from one supplying capital.
1803: Jean Baptiste Say – separated profits of entrepreneur from profits of capital.
1876: Francis Walker – distinguished between those who supplied funds and received interest and those who received profit from managerial capabilities.
1934: Joseph Schumpeter – entrepreneur is an innovator and develops untried technology.
1961: David McClelland – entrepreneur is an energetic, moderate risk taker.
1964: Peter Drucker – entrepreneur maximizes opportunities.
1975: Albert Shapero – entrepreneur takes initiative, organizes some social and economic mechanisms, and accepts risks of failure.
1980: Karl Vesper – entrepreneur seen differently by economists, psychologists, businesspersons and politicians.
1983: Gifford Pinchot – intrapreneur is an entrepreneur within an already established organization.
1985: Robert Hisrich – entrepreneurship is the process of creating something different with value by devoting the necessary time and effort; assuming the accompanying financial,
psychological, and social risks; and receiving the resulting rewards of monetary and personal satisfaction