(i) Identified Needs of Employees:
Kavya and Ritesh: Ganesh Jain recognized their Safety and Security Needs. By making them permanent employees with a good pension plan, he addressed their need for job security, stability, and protection from future uncertainties.
Pooja and Madhav: Ganesh Jain recognized their Esteem Needs. By giving them autonomy status, he addressed their desire for recognition, respect, independence, achievement, and status within the organization. Autonomy suggests they have decision-making authority and a certain level of control over their work.
(ii) Assumptions of Maslow's Need Hierarchy Theory:
Here are two assumptions on which Maslow's Need Hierarchy Theory is based:
Needs are Hierarchical: Maslow's theory assumes that human needs are arranged in a hierarchy of prepotency, starting with basic physiological needs and progressing to higher-level needs such as safety, social, esteem, and self-actualization. This means that individuals are primarily motivated to satisfy their lower-level needs before they can focus on higher-level needs. An unsatisfied need can be a strong motivator, but once a need is substantially satisfied, it no longer serves as a primary motivator.
People Strive to Satisfy Needs in Order: The theory assumes that people strive to satisfy their needs in a specific order, moving up the hierarchy as lower-level needs are met. Once the lowest level need (such as physiological need) is met, the individual progresses to the second level, safety and security. People are not motivated by higher level needs until lower-level needs are met.
Match the Marketing Management philosophies given in Column I with their main focus given in Column II:
Column I | Column II |
1. Production concept | (i) Customers’ needs |
2. Product concept | (ii) Quality, performance and features of product |
3. Marketing concept | (iii) Customers’ needs and societal well-being |
4. Societal marketing concept | (iv) Quantity of product |
Choose the correct option from the following: