How can the company ensure that higher order needs z. e., the esteem and self actualisation needs are met?
Case Problem
Y limited is a bank functioning in India. It is planning to diversify into increase business. Lately, the Government of India has allowed the private sector to gain entry in the increase business. Previously, it was the prerogative of LIC and GIC to do insurance business. But now with liberalisation of the economy and to make the field competitive other compnies have been given licenses to start insurance business under the regualtion of Insurance Regulatory and Development Authority’. Y limited plans to recruit high quality employees and agents and exercise effective direction to capture a substantial part of life and non-life insurance business.
How can the company ensure that higher order needs z. e., the esteem and self actualisation needs are met?
1 Answers
The higher order needs can be satisfied through
(i) Career advancement opportunity
(ii) Assignment of challenging job
(iii) Perquisites
(iv) Participation in management decisions