Describe the various components of Maslow's hierarchy of needs. How are these needs achieved? What important lesson can managers learn from Maslow?

At the bottom of the hierarchy are needs based on physical drives, including the need for food or sleep. Next on the list are safety needs which include safety from elements, enemies, and other threats. Third, love needs must be met, and may include love or friendship. Fifth, esteem needs may be satisfied by establishing self-respect. Finally, self-actualization involves becoming everything that one is capable of becoming. According to Maslow, these needs must be met in order, from physical needs to self-actualization. Maslow implies that fulfilled needs not longer motivate a person, therefore, managers should provide opportunities for employees to fulfill emerging needs.