Chip Conley, founder of Joie de Vivre Hotels explains how your customers, your employees, and even your investors have the same five needs. Deliver on them and you can’t lose.
He talks about Maslow's hierarchy of human needs. In Maslow’s model, there are five levels; in order of urgency they are:
- physiological (like food and shelter)
- safety
- belonging
- esteem
- self-actualization
Great companies give employees a calling, not a job. If you only take care of your customers’ lower level needs, you are producing a commodity -- and you will lose them. If you can help them self-actualize, you are giving them what they didn’t know they needed.
Read more about it here.
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