Leading is often involved with educating, motivating, and communicating with employees to achieve organizational goals. Influencing employees and forming effective groups helps the organization move toward …show more content…
He believed that people own a set of motivation systems corresponding with rewards or desires. Maslow believed that people were motivated to achieve certain needs. When one need is fulfilled, a person seeks to fulfill the next one, and so on (Call of the Wild, 2010). Maslow created a hierarchy of needs theory which includes five motivational needs. This five stage model can be divided into basic physiological, safety, love/belonging, esteem, and self-actualization needs.
Physiological needs are the need for all of life’s major necessities such as food, air, drink, and shelter. Safety needs are needs for protection, security, and stability. Love and belongingness includes the need for friendship, intimacy, and affection and love. Esteem needs are needs of achievement, mastery, and independence. And lastly is self-actualization needs. These include the need for realizing personal potential, and self-fulfillment (Simply Psychology, 2011).
According to Maslow, one must satisfy lower level basic needs before progressing on to meet higher level growth needs. Once these needs have been met, one may be able to reach the highest level; …show more content…
He states, in his 2011 letter to his shareholders, “The primary job of a board of directors is to see that the right people are running the business and to be sure that the next generation of leaders is identified and ready to take over tomorrow.” He also believed that hiring exceptional workers, and then getting out of their way so they can run their business is the way to manage an organization effectively (Madston Black, 2012).
Another way in which Buffet proved to be a great leader was by the way he communicated. In his letter at the start of Berkshire’s annual reports, he is able to simplify the technical details so that all his shareholders can understand the business in which they are invested (Madston Black, 2012), a sure sign he really understands the businesses he owns. Through his easy-to-understand explanations, we are able to get a glimpse into the mind of the one of the world’s most successful investors.
Studies of communication provide direction as to how managers can adequately and persuasively communicate. Studies of leadership and leadership style provide information regarding questions, such as, “What makes a manager a good leader?” and “In what situations are certain leadership styles most appropriate and effective?” (Business Victoria,