He added that since needs are many; they are arranged in order of importance i.e. from basic to a complex one. A person advances to the next level of needs after the lower level of need has been satisfied and he progresses up the hierarchy. This motivation theory list the human needs from the lowest to highest as: physiological, safety and security, love, self esteem and self actualization.
In Maslow's theory, the lowest level is physiological needs and money happens to be one of the physiological needs. According to Herzberg's two-factor model of motivation, money as a Physiological need in Maslow's theory is a motivator, though it tends to have a motivating effect on staff that lasts only for a short period. Maslow demonstrated that at higher level of the hierarchy, praise, respect, recognition, empowerment and a sense of belonging are more powerful motivators than money.
McGregor places money in his theory X and Y places money in theory X category and he feels it not a good motivator of work. He places praise and recognition in theory Y category and he feels that they are strong motivators than money.
Leadership is the ability of an individual to influence, motivate, and enable others to contribute toward the effectiveness and success of the organizations of which they are members. ...Show more