Master the Art of Business
A world-class business education in a single volume. Learn the universal principles behind every successful business, then use these ideas to make more money, get more done, and have more fun in your life and work.
There are five Core Human Drives that influence human behavior:
Whenever a group of people have an unmet drive, a market will form to satisfy it.
The more drives your offer connects with, and the better you communicate those connections, the more attractive your offer will become.
If you’re going to build a successful business, it’s useful to have a basic understanding of what people want.
The most well-known general theory of what people want is “Maslow’s Hierarchy of Needs,” which was proposed by the psychologist Abraham Maslow in 1943. Maslow’s theory was that people progress through five general stages in the pursuit of what they want: physiology, safety, belongingness/love, esteem, and self-actualization. Physiology represents the “lowest” level of human need, while self-actualization (the exploration of a person’s innate potential) is the “highest.”
In Maslow’s hierarchy, each lower-level need must be met before a person can focus on higher-order needs. If you don’t have enough food, or you’re in physical danger, you’re probably not paying too much attention to how much other people like you, or how much personal growth you’re experiencing.
In practice, I prefer Clayton Alderfer’s version of Maslow’s hierarchy, which he called “ERG” theory: people seek Existence, Relatedness, and Growth, in that order.
When people have what they need to survive, they move on to making friends and finding mates. When they’re satisfied with their relationships, they focus on doing things they enjoy and improving their skills in things that interest them. First Existence, then Relatedness, then Growth.
ERG theory explains the general priority of human desires, but not the methods people use to satisfy them. For that, we must turn to other theories of human action.
According to Harvard Business School professors Paul Lawrence and Nitin Nohria, the authors of Driven: How Human Nature Shapes Our Choices, all human beings have four Core Human Drives that have a profound influence on our decisions and actions:
There’s a fifth core drive that Lawrence and Nohria missed:
Whenever a group of people have an unmet need in one or more of these areas, a market will form to satisfy that need. As a result, the more drives your offer connects with, the more attractive it will be to your potential market.
At the core, all successful businesses sell some combination of money, status, power, love, knowledge, protection, pleasure, and excitement. The more clearly you articulate how your product satisfies one or more of these drives, the more attractive your offer will become.
"Understanding human needs is half the job of meeting them."
Adlai Stevenson, politician and former governor of Illinois
https://personalmba.com/core-human-drives/
Master the Art of Business
A world-class business education in a single volume. Learn the universal principles behind every successful business, then use these ideas to make more money, get more done, and have more fun in your life and work.