(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.
DG Ltd., an E-plane car company has developed a revolutionary flying car for passenger mobility. This hybrid flying car can accommodate upto two persons and features innovative wing like doors for comfortable entry (The seats are designed for utmost comfort, crafted from high quality materials) Product.The distinguishing feature of this flying car is that its production will be in India and (it will utilise biofuel alongside electricity, ensuring a sustainable mode of transportation) Soutolion DG Ltd. has obtained the first testing approval for its category. Priced at 2.5 crores the company has to take decisions in respect of discounts to customers, credit terms etc) so that the customere porosive the price to he in line with the value of the produc Pricing Calas Prom Tomakethe flying car available to the target customers, DG Ltd. is in the process of selecting dealers or intermediaries to reach the customers, providing support to the intermediaries etc) Pern To communicate the availability, features, merita etc. of the product to the target customers and persuade them to buy the flying car. (DG Ltd. decided to go in for digital marketing campaigns, press releases and demos conducted by influencers and journalists The above case describes the combination of elements used by DGLtd. to prepare its market offering.Quoting lines from the above para, identify and explain the elements. The above case describes the combination of elements used by DG Ltd. to prepare its market offering. Quoting lines from the above paragraph, identify and explain the elements.