Briefly Explain McClelland's Acquired Needs Theory

question 145

Essay

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.

---

Definitions:

Wage Level

The average rate of pay for workers or employees within a specific area or sector.

Labor Demand

The total amount of workers that employers are willing and able to hire at a given wage rate.

Full Employment

A situation in an economy where all available labor resources are being used in the most efficient way possible, typically characterized by the absence of cyclical unemployment.

Combined Value

The total worth generated by merging two or more elements, products, or processes, which is often greater than the sum of their separate values.