Principles of Marketing

(C. Jardin) #1

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Maslow theorized that people have to fulfill their basic needs—like the need for food, water, and sleep—
before they can begin fulfilling higher-level needs. Have you ever gone shopping when you were tired or
hungry? Even if you were shopping for something that would make you envy of your friends (maybe a new
car) you probably wanted to sleep or eat even worse. (Forget the car. Just give me a nap and a candy bar.)


People’s needs can be recurring, such as the physiological need for hunger. You eat breakfast and are
hungry at lunchtime and then again in the evening. Other needs tend to be enduring, such as the need for
shelter, clothing, and safety. Still other needs arise at different points in time in a person’s life. For
example, during grade school and high school, your social needs probably rose to the forefront. You
wanted to have friends and get a date. Perhaps this prompted you to buy certain types of clothing or
electronic devices. After high school, you began thinking about how people would view you in your
“station” in life, so you decided to pay for college and get a professional degree, thereby fulfilling your
need for esteem. If you’re lucky, at some point you will realize Maslow’s state of self-actualization: You
will believe you have become the person in life that you feel you were meant to be.
Marketing professionals understand Maslow’s hierarchy. Take the need for people to feel secure and safe.
Following the economic crisis that began in 2008, the sales of new automobiles dropped sharply virtually
everywhere around the world—except the sales of Hyundai vehicles. Hyundai ran an ad campaign that
assured car buyers they could return their vehicles if they couldn’t make the payments on them without

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