
To determine:
According to Maslow's theory, what needs do the belief that one's work is important rewards meet?
Introduction:
Based on Maslow's Hierarchy of needs, our basic human needs can be categorized into 5 needs. These include, 1) physiological/physical needs, 2) safety needs: both of which combine to form basic needs, 3) belonginess and love/ social needs, 4) esteem needs: both of which combine to form psychological needs, and 5) self-actualization needs, which comes under self-fulfilment needs. This hierarchy can also be subdivided into deficiency needs and growth needs. The first four stages are deficiency needs and the top level is growth needs. As more and more deficiency needs are met, motivation tends to decrease whilst as more and more growth needs are met, motivation tends to increase.

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Chapter 12 Solutions
Understanding Management (MindTap Course List)
- Explain the importance of leadership at the workplace and also elaborate the four leadership stylesto become a good leader, write in essay formarrow_forwardA.Based on the case study outline the key reaponsibilities of board directors B.discuss how the composition of the board can affect its effectivenes.provide examples from the case study to support your analysisarrow_forwardBetween the unitary and the two tier structures which one would be the most effective in the running of companiesarrow_forward
- Case Study The composition and role of boards. The board of directors is the corporation's governing body. By law, the board is vested with the authority to manage the corporation's business and affairs, and the board's members have a fiduciary responsibility to act in the best interests of the corporation and its shareholders. Boards are thus collegial bodies in the traditional sense that their members share authority and responsibility, and have both individual and collective accountability. Boards typically delegate much of their authority to an executive team that carries out the day-to- day operations of the corporation's business. However, some board duties cannot be delegated, and boards vary widely in the extent of their involvement in the business. The board's core functions typically include selecting, monitoring, advising, and compensating the chief executive; monitoring the company's financial structure and declaring dividends; deciding on major transactions and changes in…arrow_forward4. Explain any three provisions that were added to improve from Kings' Report II to Kings' Report III? (9 marks)arrow_forwardQUESTION 2 a. Differentiate between unitary (single-tier) and two-tier board structures. (10 marks) b. Evaluate the structure you think would be more effective in the governance of companies. (15 marks)arrow_forward
- Case Study The composition and role of boards. The board of directors is the corporation's governing body. By law, the board is vested with the authority to manage the corporation's business and affairs, and the board's members have a fiduciary responsibility to act in the best interests of the corporation and its shareholders. Boards are thus collegial bodies in the traditional sense that their members share authority and responsibility, and have both individual and collective accountability. Boards typically delegate much of their authority to an executive team that carries out the day-to- day operations of the corporation's business. However, some board duties cannot be delegated, and boards vary widely in the extent of their involvement in the business. The board's core functions typically include selecting, monitoring, advising, and compensating the chief executive; monitoring the company's financial structure and declaring dividends; deciding on major transactions and changes in…arrow_forward6. Describe the need for financial reports for the following stakeholders. a. The Community b. Creditorsarrow_forward5. Explain four differences between the shareholder theory and stakeholder theory with respect to corporate governance. (8 marks)arrow_forward
- 2. Outline the functions of the following board committees. a. Nomination Committee b. Remuneration Committee C. Audit Committeearrow_forward1. Explain any four pillars of corporate governance.arrow_forwardplease use screenshots to answer question. Give a brief analysis of the data found in the pie chart as well as those found in the two column charts created (in your MS Excel assignment), considering the recent move to conducting government transactions online. please put the analysis in a paragraph format.arrow_forward
- Understanding Management (MindTap Course List)ManagementISBN:9781305502215Author:Richard L. Daft, Dorothy MarcicPublisher:Cengage LearningManagement, Loose-Leaf VersionManagementISBN:9781305969308Author:Richard L. DaftPublisher:South-Western College Pub

