This is the last post in the series on Maslow's pyramid and how it affects the corporate strategists and entrepreneurs. Maslow's theories are taken again and again under different words in many business books and it always comes down to this conclusion :
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Second in a series on the Maslow pyramid (MP), it is now important to focus one of the many consequences of the model on the entrepreneur's life : marketing and commercializing products. In 1943, Abraham Maslow made one of the biggest contributions of the century to the study of human psychology. He created and published what is commonly known as 'The Human Hierarchy of Needs'. This post will explain the hierarchy (heavily citing Wikipedia). The next posts will apply this old-but-still-relevant pyramid to our everyday lives and, especially, to entrepreneurs seeking to develop their products. Over the holidays, I was teasing my 18 year old sister-in-law about how she's not a normal teenager. Think of the stereotypical spoiled 18 year old depicted in the media and Nathalie is her polar opposite. This blog space is usually reserved for entrepreneurial posts, experiences and knowledge. But today is going to be different. It will be a reflexion on Geddo (grandpa in arab). I often coach entrepreneurs when they start their businesses and, in doing so, get to the core of 'why' they want to go out on their own. I love it when dreams of boatloads of money surface. I have the joy of teaching a Technology Entrepreneurship class at L'École Polytechnique de Montréal. Picture a class of 50 students who have been trained for 4+ intensive years to think inside the Engineering Box, to memorize what the box holds and to apply standards of the box in their jobs - and you get 50 minds hungry for creativity. My class is usually the last one of their engineering studies so it puts me in a great position to counter-act the brain-washing years they were subjected to. I know... I've been there. Feeling lonely at the top is a natural by-product of being an entrepreneur. There are so many issues to deal with on a daily basis and a dozen different actors to satisfy, all at the same time. The need, therefore, for like-minded individuals and confidential sounding boards becomes imminent. There is a story I often use to talk about true commitment. I often ask the question to my university students : "'Why do you want to be entrepreneurs, to start your business ?" |
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