The following are part of entrepreneurial motivation, except:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → Need for Profit (N-Pro)
Entrepreneurial motivation means the needs that push a person to start his own business. Four such needs are named: need for achievement (N-Ach), need for power (N-Pow), need for affiliation (N-Aff) and need for autonomy (N-Aut).
Option (1) Need for Achievement (N-Ach.) — Part of entrepreneurial motivation (Incorrect). This is the wish to do something difficult and reach a high standard. The book calls it the main driver of an entrepreneur.
Option (2) Need for Power (N-Pow) — Part of entrepreneurial motivation (Incorrect). This is the wish to influence people and lead them in a chosen direction.
Option (3) Need for Affiliation (N-Aff.) — Part of entrepreneurial motivation (Incorrect). This is the wish for good relations with people one values, such as family and community.
Option (4) Need for Profit (N-Pro) — Not part of entrepreneurial motivation (Correct). There is no “N-Pro” in the book. Economic theory, in a very simple way, takes profit as the only aim of an entrepreneur. But people are moved by different needs, not by profit alone. So “need for profit” is not one of the motivation needs.
Note: This question is from the chapter Entrepreneurship Development, which is not in the current NCERT book (2026-27). The chapter is in the pre-rationalised NCERT, from which the extract below is taken. NCERT (Pre-rationalised Edition): “ENTREPRENEURIAL MOTIVATION … Since entrepreneurial situation is characterised by personal accomplishment in competitive situations and involving higher standards of excellence, one often come across reference to ‘need for achievement’ or N-ach for short as the primary driver of entrepreneurial behaviour. …” “Need for Power (N-Pow): Power is the concern for influencing people or the behaviour of others for moving in the chosen direction and attaining the envisioned objectives. …” “Need for Achievement (N-Ach.): … To master, manipulate, or organise physical objects, human beings or ideas. To do this as rapidly and as independently as possible. To overcome obstacles and attain a high standard. To excel one’s self. To rival and surpass others. …” “Need for Affiliation (N-Aff.): … If a man thinks about interpersonal relationships, he has a concern for affiliation. It implies, among other things a tendency of the people to conform to the wishes and norms of those whom they value. …” “In explaining and developing entrepreneurial motivation, it is important to learn that different individuals are motivated differently, and that one may be trying to satisfy more than one need through one’s pursuit. This is an important observation as economic theory very simply says that the objective of the firm or that of the entrepreneur is profit maximisation.” |