We, as humans, have needs that change as we grow. Abraham Maslow named and organized these needs in his 1943 paper “A Theory of Human Motivation.” He arranged them in pyramid form with the most fundamental needs at the bottom. He understood the human brain to be a complicated organ which could shift in between needs as they became available and unavailable. For instance, one would not worry about esteem if they are starving since physiological needs were more fundamental to well-being than esteem. However, once one need became well fed, they were ready to ascend the pyramid.
Just like human needs change, as a business grows, matures, and becomes more sophisticated their needs also change. Therefore, I would like to propose a few thoughts on the hierarchy of business needs. As listed in the illustration in this blog post, I have arranged each need for business management with the most fundamental at the bottom of the pyramid.