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1) Abraham Maslow is known for his hierarchy of needs theory which states that humans are motivated to fulfill basic needs like food and shelter before seeking higher needs like relationships and esteem.
2) The hierarchy consists of 5 levels from basic physiological needs to self-actualization, with esteem and love needs in between.
3) Maslow's theory was influential in business management by suggesting managers understand employees' needs to maximize effectiveness and motivation.
1) Abraham Maslow is known for his hierarchy of needs theory which states that humans are motivated to fulfill basic needs like food and shelter before seeking higher needs like relationships and esteem.
2) The hierarchy consists of 5 levels from basic physiological needs to self-actualization, with esteem and love needs in between.
3) Maslow's theory was influential in business management by suggesting managers understand employees' needs to maximize effectiveness and motivation.
1) Abraham Maslow is known for his hierarchy of needs theory which states that humans are motivated to fulfill basic needs like food and shelter before seeking higher needs like relationships and esteem.
2) The hierarchy consists of 5 levels from basic physiological needs to self-actualization, with esteem and love needs in between.
3) Maslow's theory was influential in business management by suggesting managers understand employees' needs to maximize effectiveness and motivation.
Abraham Maslow is a well-known psychologist for his theory on human motivation,
specifically the Hierarchy of needs theory, and for his work with monkeys. Maslow’s theory can also be defined as “intensity at a task”. This means the greater the motivation, the more constant and intense one will perform a specific task. The basis behind this theory is the knowledge that all behaviour is goal driven, meaning one will do tasks according to what they obtain after the task is complete. Maslow has been a very inspirational figure in personality theories. The Hierarchy of Needs theory has four different levels before one comes to full self- actualizing. These levels are, in order, the psychological needs, safety, love and care and esteem needs. The psychological needs are those one needs to survive, such as food, water, oxygen, shelter and more. Then comes the need for safety and protection for one’s family’ these needs include safe shelter, security, protection from both mental and physical damage, etc. Thirdly is the need for love and care, which is the need for affection, friends and relationships in general. Lastly, the esteem needs. These needs are t hose that one gets from the inner self. There are two types, low self esteem and a high self esteem. The low self esteem needs include wanting the respect of others, status, fame, recognition and even dominance. The high self esteem need is to have respect for yourself; this is the higher of the two self-esteems because self- respect is harder to loose than the respect of others. Maslow recorded these findings by observing a group of historical figures, which included Abraham Lincoln, Mahatma Ghandi, Albert Einstein and others. In his findings, he also stated that self-actualized people have a pacifist sense of humour, which means they would rather tell jokes about themselves or at the world in general, rather than at others. These people accepted people for who they were, they didn’t try to change them to what they thought each person should be like and they prefer being themselves than being pretentious or artificial. All of these findings of Maslow have created a basic understanding of what things are necessities to humans and which are not. For example, in the 1960’s, this was most important to those who wew looking for meaning and purpose in their lives. This theory helped them look for a path to lead their life to success. Another way that Maslow’s was inspirational was, for example, the reason why humans wake up in the morning and what motivates us to do so. Maslow’s theory states that by accomplishing goals, people motivate themselves to do even more. When a person is on the rise of success or promotion or an increase in business profits, they are excited and they motivate themselves to get up in the morning and to do more to get excitement. Lastly, Maslow’s theory was a great importance not only for the education, but also for the business management. His theory applies to business because if the manager wants to maximize the effectiveness of its employees, it must be considered what the employees want first. If they feel that the workload is extremely heavy, then the manager should take into account and either lower the tasks or to give longer due dates. This gives the employees the encouragement to do their work as they realize that the manager has taken their problem into consideration and had given them what they asked for. Those managers who know their employees needs use this theory and are successful for their position. Both managers and employees are fulfilled, managers are happy that the employees are doing their work in an efficient way and the employees are like the fact that their boss cooperates with them and listens to what they have to say. However, the Maslow’s theory had an impact on the business management system, in order for everyone to cooperate. In conclusion, Maslow’s theory is inspirational not only to businesses, but also to everyday life. His theory helped everyone in society to realize basic needs of life, priorities, and how to spend their money and time where it is most needed, and worry about the luxuries after the necessities are complete. Without this inspirational theory created by Maslow, people around the world may not know what the basic needs of life are. For example, the third world countries and first world countries would have even less in common than what they do today. At least, today they have the same basic needs, maybe without this theory, even this would be different. However, the Maslow’s theory is influencing also the relationship between the business and the customer. The company should come with a product or a service that satisfies their target customers needs, and, on the other side, the customers should know their priorities and their own needs, not the needs that are induced by themselves, the society, or the company itself. Therefore, Abraham Maslow is an inspirational psychologist who has lead us to the right way of spending money.