Management And Abraham Maslow's Hierarchy Of Needs

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Management: Meaning & Definition
Management is “To manage is to forecast and to plan, to organise, to command, to co-ordinate and to control” (Henri Fayol, 1930)
In profit based organizations, management's primary objective is to satisfy a range of stakeholders. This involves making profit (for the shareholders), creating quality products at fair cost (for customers), and providing great employment environment for employees. For non-profit organizations, keeping the faith of donors is also important. In most management and governance models, shareholders vote for the board of directors, and the board then hires senior management. Some managements have tried other methods of selecting or reviewing managers, but this is rare.

Evolution of management …show more content…

Lifelong employment and adequate protection of individuals against arbitrary dismissal is guaranteed. Here managers are professional officials rather than owners units they manage. They work for a fixed salaries and pursue their career within the organization.

Abraham Maslow (1908 - 1970)
Maslow’s hierarchy of needs: Each of us is motivated by needs. Our most basic needs are inborn, having evolved over tens of thousands of years. Abraham Maslow's Hierarchy of Needs helps to explain how these needs motivate us all.
Maslow's Hierarchy of Needs states that we must satisfy each need in turn, starting with the first, which deals with the most obvious needs for survival itself.
Only when the lower order needs of physical and emotional well-being are satisfied are we concerned with the higher order needs of influence and personal development.
Conversely, if the things that satisfy our lower order needs are swept away, we are no longer concerned about the maintenance of our higher order needs.
Maslow's original Hierarchy of Needs model was developed between 1943 and 1954, and first widely published in Motivation and Personality in 1954. At this time the Hierarchy of Needs model comprised five needs. This original version remains for most people the definitive Hierarchy of

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