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Managed Video as a Service

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Abraham Maslow, an American Psychologist, developed a landmark theory on human motivation.  Dubbed Maslow’s hierarchy of needs, the theory describes the paradigm that controls human motivations.

In summary, people are motivated according to a hierarchy, which stretches from the most basic (psysiological needs/eating, breathing, etc.) to the most complex (self-actualization/morality, creativity, etc.).  Prior to focusing attention on future levels, one must first satisfy the needs at the lower levels.

Simply put, if you don’t have food, nothing else matters.

It’s interesting to apply the framework of the hierarchy of needs to business organizations.  Answering the basic question “what is most important to them?” is imperative to understand the needs and motivations of customers, as well as competitors and vendors.  This understanding will allow you to anticipate requests, and resist objections.

Depending on your age, you may remember the period of time after the introduction of the cellular phone.  While there were early adoptors, business operators did not immediately provide all of their salepeople with a mobile phone.  It was viewed as a luxury, not something vital to survival.

Obviously this has changed over time.

Where is managed video on the hierarchy of needs for business owners in the restaurant space?  Or the retail owner?  Hotel operator?  If it is seen by some as a luxury, this view is changing, based on impressive returns being generated by leading edge operators. 

Full industry adoption will occur when the absence of managed video is viewed as a distinct competitive disadvantage.  And this is starting to occur.

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Sandi Mays said, June 15th, 2008 at 9:44 pm

I used the hierarchy of needs when working with and coaching individuals. I've never thought about applying Maslow's hierarchy to a business. Interesting, thought. I wonder how each stage in the hierarchy would translate? Physiological > Safety > Social > Esteem > Self Actualization

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Michael Wilson said, June 16th, 2008 at 3:29 pm

It makes sense to view the hierarchy of needs, and its application to business, from the vantage point of the CEO.

The pyramid may look like the following (off the top of my head):

Self-Actualization – philanthropic opportunities
Esteem – expansion (M&A)
Love/Belonging – investment
Safety – find sources of revenue, ensure supply
Physiological – raise capital, avoid bankrupcy, protect assets

Logical people could debate the slotting of each item, but the overall thought is that you have to take care of the lower level "stuff" first, or the higher level "stuff" is irrelevant.

If MVaaS is viewed as an extra expense item only, then business owners operating in the lower two levels will not find it compelling. However, if they view MVaaS as contributing positively to their bottom line, and paying for itself, it could fall in level two, or perhaps level one.

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