- Books Name
- BUSINESS STUDIES-XII
- Publication
- ABCD CLASSES
- Course
- CBSE Class 12
- Subject
- Business Studies
MASLOW’S NEED HIERARCHY THEORY
His theory was based on human needs. He felt that within every human being, there exists a hierarchy of five needs. These are:
- Basic Physiological Needs: for survival in the hierarchy and include Hunger, Thirst, Shelter, and Sleep.
- Safety/Security Needs: includes
- Physical security: includes protection against fire, accidents, disease, crime, etc.
- Economical security: includes having a permanent job and money to fulfill basic needs permanently.
- Social security: includes the need for security in old age, illness, disability, etc.
- Affiliation/Belonging Needs: Refer to affection, a sense of belongingness; acceptance and friendship can be achieved through teamwork and social interaction.
- Esteem Needs: desires of having self-respect and positive self-image and recognition, respect from others, etc. Can be achieved through good job titles, more challenging jobs, granting more authority
- Self Actualization Needs: desire to be being everything one is capable of being can be achieved through giving challenging jobs, risky decisions, encouraging creativity
Assumptions:
- People’s behavior is based on their needs. Satisfaction with such needs influences their behavior.
- People’s needs are in hierarchical order, starting from basic needs to other higher-level needs.
- A satisfied need can no longer be motivated a person; only the next higher level need can motivate him.
- A person moves to the next higher level of the hierarchy only when the lower need is satisfied.