<u>When the employees think that they might lose their job, then it reflects the safety needs of Maslow’s theory of Hierarchy of needs.
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Further Explanation:
Maslow's Theory of Hierarchy of Needs: It was given by Abraham Maslow. He stated five needs, namely, physiological needs, safety needs, social needs, self-actualization, and esteem, that describe the pattern in which motivations move. This means that motivation moves from one level to the next level when the need for an individual is satisfied. The needs in Maslow's Theory of Hierarchy of Needs are
• Physiological Needs: It refers to basic human requirements that are necessary for survival. It includes food, shelter, and clothing.
• Safety Needs: It refers to the sense of well-being and health, personal security, financial security, Safety of property from wars, calamities, natural disasters, etc.
• Social Needs: It refers to the need to love and be loved and to have a sense of belonging and acceptance in family, friends, and society.
• Esteem Needs: It refers to the need to respect others and be respected by others. It also includes the need for self-valued, status, competence, self-confidence, mastery, and freedom.
• Self Actualization Needs: It can be described as the desire to accomplish everything that one can accomplish or reach its potential.
<u>Therefore, the rumors that business is in financial crisis will decrease the internal motivation because his/her safety need is not satisfied.
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Learn more:
1. Learn more about the motivation related to money
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2. Learn more about the promotional mix
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3. Learn more about the leadership factor
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Answer details:
Grade: Middle School
Subject: Business Studies
Chapter: Motivation theory
Keywords: There are constant rumors, a business is in financial crisis, employees might lose internal motivation, level of achieving hierarchy, Maslow's, Theory, of, Hierarchy, of, Needs, safety needs.
