Final answer:
nAch stands for need for achievement, a term used in psychology and business which describes a person's drive to meet high standards and accomplish goals. It is central to David McClelland's Achievement Motivation Theory.
Step-by-step explanation:
nAch is an abbreviation for need for achievement. This term is often used in the field of psychology and business to describe an individual's drive to accomplish goals, master tasks, and meet high standards of excellence. Within the context of motivation theory, David McClelland, a well-known psychologist, is credited with developing the concept of nAch as part of his Achievement Motivation Theory.
Individuals with a high nAch are typically those who are committed to their goals, are persistent in their efforts to achieve success, and often take calculated risks to fulfill their objectives. They also prefer to receive feedback on their performance to gauge their progress and are likely to set challenging but attainable goals for themselves.
In a business setting, understanding the need for achievement is crucial for developing strategies that motivate employees and foster a productive work environment. Managers and leaders can harness this concept to identify and nurture employees' potential, leading to overall better performance.