Tesco Value System

The market in which Tesco operates is supermarkets. Although this is a highly competitive one Tesco holds a disproportionate amount of power. The figures below indicate that Tesco holds over a third of the market share, and even double the amount of Asda 's market share, the second leading supermarket. Market share is ‘the percentage or proportion of the total available market or market segment that is being serviced by a company ' (Wikipedia 2006).

In 1943 Humanistic Psychologist Abraham Maslow proposed his Theory of Human Motivation. In this paper he outlines what he believes to be a humans hierarchy of needs. Maslow suggests in his journal that one must meet the needs of the previous level before moving on to meet the needs of the next one on the hierarchy. According to Maslow there are 5 tiers of human needs: physiological, security, belonging, self-esteem, and self-actualization. In Welch, West Virginia Jeanette and her siblings must adjust their lifestyles in order to meet their human needs according to Maslow’s hierarchy.

Maslow’s theory of motivation is called the “hierarchy of needs”. Maslow believes that people have five main needs in the following order of importance;

Humanistic conceptions of personality focus on our own natural progression towards achieving one’s full potential, having a holistic approach. Abraham Maslow (1908-1970) believes that growth and behaviour is motivated by a number of needs ranging from basic to psychological needs. He uses a hierarchy, commonly depicted as a five-tier pyramid in which the bottom 4 levels represent our deficit needs, shown in figure 1 below. Once the individual’s physiological needs are met, they may move to the next and so on. After all deficit needs have been met, an individual is capable of achieving self-actualisation. According to Maslow, fulfilling this need means reaching one’s highest potential and truly understanding one’s self.

Psychologist Abraham H. Maslow is the developer of Maslow’s hierarchy of needs. The theory covers human behavior in terms of basic requirements for survival and growth (Cengage, 2002). The theory was developed in the early 1960’s. During this time psychology was taken over by two different views. One side was the human behavior and the other one was the behaviorist. Maslow explained that psychoanalysts had not accomplished the task to consider the behavior of healthy humans. He also mentioned that many subjective experiences that related with human behaviors were being ignored by behaviorist. In the beginning Maslow examined motivations and experience of many healthy individuals. He recognized that there are many requirements in this theory that are important for human survival and to help motivate individuals. He conceptualized different human needs as a pyramid with five levels in

Abraham Maslow’s theory, Theory of Hierarchy Needs, is a motivational theory in psychology that has a tier model of the five things a human needs. Maslow stated that people are motivated to achieve certain needs and that some needs take precedence over others. The five stages, from bottom to top, include Physiological needs( food, water, warmth, and rest), the second stage: Safety Needs ( security and safety), third stage: Belongingness and love needs ( intimate relationships and friends), the fourth stage: Esteem Needs (prestige and feeling of accomplishment), and finally the last stage: Self-actualization ( achieving one’s full potential, including creative potential). The five stage model can be divided into

Abraham Maslow is a psychologist who had developed the Hierarchy of needs model in 1940-50s, and the Hierarchy needs theory is still being used to day and for understanding the human motivation. In his hierarchy he believes that people are motivated to achieve certain needs. And when a human had fulfilled a person would seek to fulfil the next one. Maslow’s hierarchy needs is concerning the responsibility of service providers to provide a

Through the use of this paper the agreement between Maslow and Rogers when it comes to Maslow’s hierarchy of needs will be shown. It will also focus on the humanistic and biological approaches to personality. According to Orana (2009), Maslow’s hierarchy of needs is a theory that is considered to still be valid today in the areas of management training, personal development, and the understanding of the motivation of humans. This theory was first introduced in the book Personality and Motivation which was

Corporate values are ‘the operating philosophies or principles that guide an internal conduct of the organization and its association with its clients, partners and shareholders’. It is also a fundamental and long-lasting belief that specific mode of conduction highly valued by the organization’s membership’ according to IBM corporate responsibility report (2002, What is the value of company).

As it was mentioned before, the key idea of Maslow’s Hierarchy of Needs theory relates to the existence of several sets of motivation and needs that govern human behavior. Hence, the major concepts of this theory include certain needs that are grouped into sets based on their place within the hierarchy of all the needs. The first version of the theory has five needs, which are divided into

Humanist development – This theory was developed by Abraham Maslow and is based on motivation and personality. He looked at people’s motivation and came to the conclusion that people had certain fundamental needs which need to be met before they could begin to fulfil their

Dr. Abraham Maslow used his extensive research regarding human development to create a hierarchy of needs that describes the stages of human development that each of us needs to meet to become fully functioning, responsible adults, in other words, becoming the contributing members of society that our program is committed to producing. Maslow’s hierarchy has seven stages that appear in the form of a pyramid. Essentially we, as humans, all start at the bottom of the pyramid, and each step up the pyramid represents a major triumph over the challenges

As stated further by Maslow, there are five levels in the need hierarchy, which are physiological, safety, love and belongingness, esteem, and self-actualization and they are very often of unconscious nature and can be at certain times reserved. Unfortunately, there are not too many who are capable of reaching self-actualization and the ones who will are very creative and acknowledge the world very accurately. An individual however is always aware of the fact that he or she has possesses a choice and therefore he or she has the ability to influence their behavior and personality at anytime (Cloninger, 2008).

Abraham Maslow’s hierarchy of needs model is implemented off a hierarchal pyramid which is renowned as one the most motivational theories, it is mainly incorporated with business dynamics, and it can also be used when relating to cultural diversity. Maslow 's hierarchy outlines in a hierarchal order as drawn upon by (Patrick.A.G, 2003) quoted by Maslow that the needs are ' 'Physiological, safety, social, self-esteem, and self-actualization ' '. The physiological needs are the basis that an individual will attain such as, basic human needs which incorporate survival, food and shelter. After the physiological needs have been met, safety and security is the next priority need on the hierarchy,

The aim of the report is to use different valuation techniques to see if the current share price of Tesco plc is fair, undervalued or overvalued. Some of the findings will be compared with other firms in the same industries and share holders will be informed on whether they should buy, hold or sell.