Chapter
Maslow's Hierarchy of Needs in Business
12:05 - 16:31 (04:26)
Maslow's hierarchy of needs explains how unmet base level needs become primary needs. In the business world, this translates to businesses collapsing due to solely focusing on sales without addressing base level needs during the current Covid crisis.
Clips
Maslow's theory applied to business suggests that if basic needs are not being met, they become the primary concern.
12:05 - 14:47 (02:42)
Maslow's Hierarchy of Needs
Summary
Maslow's theory applied to business suggests that if basic needs are not being met, they become the primary concern. This can extend to physiological needs such as seeking shelter from the elements or protection from harm in harsh weather conditions.
ChapterMaslow's Hierarchy of Needs in Business
Episode#165 - Mike Michalowicz - Fix The Biggest Problems In Your Business
PodcastModern Wisdom
The speaker warns that focusing solely on sales in business can lead to collapse, as seen in many companies during the Covid crisis.
14:47 - 16:31 (01:43)
Business
Summary
The speaker warns that focusing solely on sales in business can lead to collapse, as seen in many companies during the Covid crisis. It is important for business owners to consider profitability and financial stability as well.