Question

In: Finance

Describe the concept of needs, where they are influenced and formed, list the needs determined by...

Describe the concept of needs, where they are influenced and formed, list the needs determined by hierarchy by Maslow.

Solutions

Expert Solution

Need is a desire or requirement that compels action to get satisfaction. The need of the people never ends. When the basic needs are satisfied, people will move to higher level needs.

Need hierarchy theory was proposed by Abraham Maslow.This theory proposes that there is a hierarchy of five levels of needs within each individual. The following are the five needs in the hierarchy. The needs starting from the basic level are:

  1. Physiological needs : These are the basic needs of an individual. These are needs for food, water, clothing and shelter. Physiological needs are the needs for basic amenities of life.
  2. Safety needs : Once the physiological needs are fulfilled, people look for safety needs. These include physical safety, environmental protection, job security, financial security etc.
  3. Social needs : Next are social needs. These include the need for love, affection, care, friendship etc
  4. Esteem needs : After fulfilling social needs, people seek for esteem needs. People want recognition, power, status, attention and admiration in the society.
  5. Self-actualization need : This need is the top level need in the hierarchy of needs of an individual. When all the lower level needs are fulfilled, people show the urge to become what they are capable of becoming. Example self fulfillment, seeking for peak experiences etc

Related Solutions

For the eMAR implementation, it has been determined that an implementation team needs to be formed...
For the eMAR implementation, it has been determined that an implementation team needs to be formed to better understand the needs related to barcoded medication administration at the hospital. 1. Which of the following would you select to be on the four-person implementation team? Explain your answer. i. Chief Executive Officer (CEO) - in charge of the direction and management of the entire organization ii. General Counsel - chief attorney for the hospital iii. Senior Information Services Leader - oversees...
Describe a situation you have experienced where motivation has positively influenced an employee's performance
Describe a situation you have experienced where motivation has positively influenced an employee's performance
Find the concept of Manicheaism that influenced the way the Puritains in Plymouth and the Massachusetts...
Find the concept of Manicheaism that influenced the way the Puritains in Plymouth and the Massachusetts Bay colonies saw the world and their role in it. consider the myths that Europeans held about the New World, such as the Empty Land, myth, how those ideas clashed with the indigenous people who already inhabited the continent. What are the key differences between the early colonies found in St. augustine, Santa Fe, Quebec, and Jamestown and those in New England? What are...
Consider how the psychology of pricing affects you. Describe a recent instance where you were influenced...
Consider how the psychology of pricing affects you. Describe a recent instance where you were influenced by eight biases in pricing tactic (such as a two-for-one offer, coupon, and so on) to make a purchase. What was the company trying to achieve? Did the tactic hurt or help the company overall? Discuss price adjustment considerations and legal and ethical considerations
Describe the concept of cognitive bias and give an example of where you have seen this...
Describe the concept of cognitive bias and give an example of where you have seen this occur in your work or school life.
List five aspects of corporate or organizational culture. Describe two workplace decisions that may be determined...
List five aspects of corporate or organizational culture. Describe two workplace decisions that may be determined by corporate culture. List some questions you could ask about a workplace that would start to give you a sense of its culture. What are five ways that an organization may attempt to instill a culture through social conditioning? In your own experience in a job or any organization, what’s an example of social conditioning that enforced the place’s culture?
How is price formed/determined concerning Macroeconomics and the terms of shortage and surplus?
How is price formed/determined concerning Macroeconomics and the terms of shortage and surplus?
We had plenty of new concepts to study for this week. List one concept and describe...
We had plenty of new concepts to study for this week. List one concept and describe it to the class. Do not duplicate concepts described by other students. I will start: We learned about the Copy Constructor. The C++ supplies each class with a default copy constructor. This function is invoked when a new object is created and initialized or when an object is passed as a value parameter to a function. The default copy constructor performs a shallow copy,...
Trace the path of cerebrospinal fluid from where it is formed to where it is reabsorbed...
Trace the path of cerebrospinal fluid from where it is formed to where it is reabsorbed back into the blood. Match each function with the appropriate area of the brain. A. Basal nucleus                     C. Hypothalamus                    E. Precentral gyrus          G. Superior colliculus B. Cerebellum                                     D. Inferior colliculus             F, Postcentral gyrus    H. Insula ______ Primary sensory area. ______ Suppress unwanted motor activity. ______ Involved in auditory reflexes. ______ Controls some endocrine functions. How do the dural...
describe factors that influenced the growth of community health nursing
describe factors that influenced the growth of community health nursing
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT