Entrepreneurial 2 Made by: Nina, Jat, Yasmin, Abel & Hasya Made by: Nina, Jat, Yasmin, Abel & Hasya ENT300 Motivation and Competencies
DEFINE ENTREPRENEURIAL MOTIVATION DEFINE ENTREPRENEURIAL MOTIVATION process that motivates an entrepreneur to always willingly stay in the direction of their goal bring about the best of their efforts process that motivates an entrepreneur to always willingly stay in the direction of their goal bring about the best of their efforts MASLOW’S THEORY OF MOTIVATION MASLOW’S THEORY OF MOTIVATION
GENERAL CATEGORIES OF SOCIAL MOTIVATION GENERAL CATEGORIES OF SOCIAL MOTIVATION 1. need for achievement 2. need for power 3. need for affiliation IMPORTANCE OF ENTREPRENEURIAL MOTIVATING FACTORS IMPORTANCE OF ENTREPRENEURIAL MOTIVATING FACTORS 1. Improves performance level 2. Helps to change negative or indifferent attitudes of employees 3. Reduction in employee turnover 4. Helps to reduce absenteeism in the organisation
DEFINE ENTREPRENEURIAL COMPETENCY DEFINE ENTREPRENEURIAL COMPETENCY Set of skills and behaviour needed to create, develop, manage, and grow a business venture.
HERTZBERG’S TWO FACTOR THEORY HERTZBERG’S TWO FACTOR THEORY DOUGLAS MC GREGOR’S THEORY DOUGLAS MC GREGOR’S THEORY
DEFINE PERSONAL ENTREPRENEURIAL COMPETENCIES (PECS) DEFINE PERSONAL ENTREPRENEURIAL COMPETENCIES (PECS) key behavioural competency that successful entrepreneurs should have in order to perform entrepreneurial functions effectively. key behavioural competency that successful entrepreneurs should have in order to perform entrepreneurial functions effectively.