Abraham Maslows Management Theory

Abraham Maslows Management Theory

Abraham Maslow’s management theory stresses meeting workers’ psychological and self-actualization needs to maximize performance. The fundamental physiological needs for higher-level self-fulfillment are central to his theory. He defines effective management as understanding and meeting these requirements in the workplace. Managers may maximize the potential of their staff by creating a supportive atmosphere that supports personal development, innovation, and autonomy. Maslow’s hierarchy of needs emphasizes the significance of all-around employee growth and engagement in attaining business success.

Maslow’s management philosophy, based on humanistic psychology, proposes a hierarchical framework for analyzing employee motivation. At its core is that people are motivated to meet fundamental physiological and safety requirements before proceeding to higher-level wants, like a sense of belonging, esteem, and self-realization (Shi & Lin, 2021). Maslow indicates that meeting these requirements leads to increased employee happiness and productivity. Managers play a critical role in developing cultures that support these demands by fostering personal development, recognition, and empowerment (Hayat Khan Tahir & M. Iraqi, 2018). Essentially, Maslow’s theory highlights the significance of recognizing and addressing individuals’ inner motivations to improve business performance and employees’ well-being.

Organizational managers apply Maslow’s theory across the organization. Managers understand that retaining the best talent in an organization requires fair compensation practices. As a result, they pay employees competitively to curb attrition and bolster happiness (Drakopoulos & Grimani, 2013). In the same breath, the theory implies that people are motivated by more than financial benefits. It is for this reason that managers listen to employees’ input and feedback before making crucial decisions.

In summary, Maslow’s theory of hierarchy is relevant in human resource management. Business managers are keen to retain the talents by compensating them fairly, listening to their input, and offering other intrinsic needs to keep them motivated. The theory requires managers to view employees as the most crucial organizational assets that play a central role in the pursuit of business goals.

References

Drakopoulos, S. A., & Grimani, K. (2013). M P RA Munich Personal RePEc Archive Maslow’s Needs Hierarchy and the Effect of Income on Happiness Levels. https://mpra.ub.uni-muenchen.de/50987/1/MPRA_paper_50987.pdf

Hayat Khan Tahir, K., & M. Iraqi, K. (2018). Employee Performance and Retention: A Comparative Analysis of Theory X, Y, and Maslow’s Theory. Journal of Management Sciences, 5(1), 100–110. https://doi.org/10.20547/jms.2014.1805106

Shi, Y., & Lin, X. (2021). A Test of Maslow’s Hierarchy of Needs Concept by a Correlational Model Among Adult Learners. https://files.eric.ed.gov/fulltext/

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This assignment consists of developing a paper based on theorists’ foundational concepts studied. The theories learned in this course will be tools to help you examine, inspect, and interpret the information you hear and read about management practices in your career. It will include:

A biography of a theorist in reference and the importance of this person’s work in the discipline of management. Do not put the life history of the theorist in your paper. Put relevant information about the theorist as it relates to his/her work with the theory. It should not include a lot of personal facts that are not pertinent to the person’s theory.

Abraham Maslows Management Theory

Key ideas & basic assumptions related to the theorists’ ideologies (beliefs of the theorist and recommended practices). Important terms must be defined and limitations of the theories discussed.
Two examples of how one might see each of the theories “in action” in business or the management environment. You may wish to include data, visual, or illustrated material to support the integration of the theory in management.
A discussion of how the theory applies to management practices.
This assignment must have evidence of reference to a minimum of 3 scholarly sources (peer-reviewed journal articles or books textbooks or the theorist as primary author) cited in a reference list at the end of the document. Online sources may be used in addition to the scholarly references. It is your explanation and discussion within the document that demonstrates your research and understanding.