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Economics

Discuss in detail the three (3) needs-based theories of motivation.

The response addresses the queries posted in 778 words with 3 references.

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The response addresses the queries posted in 778 words with references.

In need-based theories of motivation, the main focus is on the needs of an individual. Every individual has some needs and desires that motivate him/her to work towards attaining those needs. Below are three popular need-based theories of motivation -

1) Maslow's Hierarchy of Needs Theory

2) Herzberg's Two-Factor Theory

3) Alderfer's ERG Theory

Maslow's Hierarchy of Needs Theory

According to this theory, an individual has several needs, and they occur in a hierarchy. When one need is satisfied, he is no longer motivated by that need and move to the need that is higher in a hierarchy. Five basic levels of motivating needs are identified by Maslow.

l Physiological needs: These needs include the basic needs like food, water, air, sleep, etc. Physiological needs of employees include acceptable working conditions and basic level of compensation.

l Safety needs: These include physical and financial security needs like a safe and secure place to live in and having a secure job.

l Social needs: The need to have warm relationships with the people around, giving and receiving affection. In the context of an employee, ...

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The response addresses the queries posted in 778 words with references.

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