Maslow's Hierarchy of Needs

The video discusses needs-based theory, focusing on how individual behavior is motivated by needs. It explains Maslow's hierarchy of needs, which includes physiological, safety, love and belonging, esteem, and self-actualization. Each level of need influences behavior differently. In organizational behavior, understanding these needs helps managers motivate employees effectively, using incentives aligned with their current needs.

Explain the significance of self-esteem in Maslow's hierarchy of needs.

What does self-actualization mean in the context of needs-based theory?