Question 1 Define and explain Maslow's Hierarchy of Needs. Relate the hierarchy to the field of business and provide examples.

What Is Maslow’s Hierarchy of Needs? The motivational theory known as Maslow's hierarchy of needs asserts that an individual's actions are determined by their level of satisfaction in one of five categories of human needs. These needs include a person's physiological requirements, the Hierarchy of Needs According to Maslow Used in Business 1) The Physical Need of Maslow's Hierarchy The Commercial/Business Application: Safe work environment. The right amount of light. Facilities that are spotless Airflow. Heat. The ideal instruments for accomplishing the task at hand. Example: To bring employees to meetings, gaming centers, organic gardens, and environmentally friendly furniture, for instance, Google provides them with electric vehicles and bicycles. The corporation is always looking for new methods to boost the health, well-being, and morale of its workers since they have the goal of making their lives easier. Googlers are the employees of the company. 2) Maslow's Need: A Sense of Being Safe The Commercial/Business Application: Show respect for those you work with. Permit children to experiment without fear of harsh criticism or being put down for their choices. Example: The fact that the Chief Executive Officer of Facebook, one of the most dynamic and rapidly expanding corporations in the world, is meeting with entry-level workers reveals a lot about the way that Mark Zuckerberg does business. Facebook does not assign employees to certain positions based on their age or level of expertise; rather, it places high importance on the ideas and contributions of each individual. 3) Maslow's Need: Belonging The Commercial/Business Application: The business application is to ensure that everyone has the chance to be heard. Foster a feeling of belonging and community. Colleagues are a part of something greater than themselves in the workplace. They have a crystal clear comprehension of a goal that is based on values. Example: The Corporate Social Responsibility team at HBO brings together HBO employees, talent, and non-profit partners to work on social problems relevant to their business and their communities. Employees are encouraged from the top down by their leadership to better themselves via learning, taking action, and contributing to the improvement of the world. 4) Maslow's desire for a sense of self-worth/Esteem The Commercial/Business Application: Public praise. Programs for recognizing and rewarding employees Recognizing that the accomplishment of each individual's task is integral to the accomplishment of the firm as a whole is critical. Giving everyone the impression that they are cherished and significant. Example: Southwest Airlines offers its staff "permission" to go the additional mile to make customers happy. This empowers the employees to do whatever is required to satisfy the company's aim of providing excellent customer service. 5) Maslow's hierarchy of needs SELF-ACTUALIZATION The Commercial/Business Application: Offer workers the chance to think large, be creative, have a vision for the future, reinvent themselves, and provide direct feedback to senior leadership. Example: One of the most forward-thinking examples of a workplace is the one that Google provides for its workers. Because the corporation places such a high priority on innovation, it has articulated nine guiding principles in this area. their need for protection, their need for love and belonging, their need for esteem, and their desire to actualize themselves.