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Briefly explain McClelland's acquired needs theory.How should managers use this model to motivate employees? What do you think your levels are of the needs that McClelland identified? Explain why.
Economic Value
The worth of a good or service determined by its capacity to provide utility to buyers or the income it generates for sellers.
Personal Finances
The management of an individual's or family's money, including budgeting, saving, investing, and spending.
Benefit Costs
Expenses incurred by organizations due to the provision of employee benefits, such as health insurance, retirement plans, and paid leave.
Organization Knowledge
The collective expertise, skills, information, and processes that exist within an organization, contributing to its ability to achieve objectives.
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