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Short Answer Questions · Q5

Q.Describe briefly the role of achievement motivation in entrepreneurship.

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The need for achievement (N-Ach) — the desire to accomplish difficult things and excel — is a primary driver of entrepreneurship and, at the national level, of economic development.

The role of achievement motivation in entrepreneurship can be described as follows:

  1. What it is. The need for achievement (N-Ach) is the desire to accomplish something difficult — to master, manipulate or organise things, people or ideas, to overcome obstacles, attain a high standard and surpass others.
  2. Why it suits entrepreneurship. The entrepreneurial situation is characterised by personal accomplishment in competitive conditions and by higher standards of excellence. Entrepreneurship offers the best opportunity to make full use of one's talents, free of the routine and rules that stifle self-development in a regular job. …

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