Motivation - Essay Example

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Within an entrepreneurial firm, the focus should be bent upon providing these employees all the resources with which they can exploit upon their strengths and thus…
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How does an entrepreneurial firm motivate and reward employees who are committed to continue to provide value to their firm? Motivation can be provided to the employees if the firm understands their value towards the organizational domains. Within an entrepreneurial firm, the focus should be bent upon providing these employees all the resources with which they can exploit upon their strengths and thus showcase their abilities and talents – all of which manifest growth and development for the sake of the organization in essence. An entrepreneurial firm is led by an entrepreneur who has his own vision and foresight – he aims to pinpoint different mechanisms through which the employees would give in their very best time and time again (Mayfield, 2006). His vision is geared to improve the existing working dynamics within his organization as well as to properly scrutinize the effects of productivity as per the domains of the organization. Rewarding employees for the sake of motivation could work wonders for them since these employees are mostly dependent on fiscal and economic upheavals within their lives. If the entrepreneurial firm understands these concerns, it would not be wrong to suggest that growth and development within such reins would happen in a very quick way. The employees will understand the fact that the organization is sincere towards their working basis and hence it makes all the more reason for them to remain loyal and dedicated as per the cause of the entrepreneurial firm itself. This will thus form a symbiotic relationship – where each of the stakeholders within the organization itself will look to provide benefit to the other party (Brewer, 2000).
An entrepreneurial firm must be proactive in its approach towards motivating its own employees as this will manifest its attachment with the work processes, business realms and so on. If this firm does not pay proper heed towards the concerns of the employees and has no interest in motivating them on a consistent basis, it is a given that the employees will either start taking their work for granted or would leave their respective jobs and pursue their careers elsewhere. An entrepreneurial firm cannot afford such inactions and needs to devise policies and mechanisms through which growth levels could be further boosted (Wright, 2001). This can however exponentially increase and in a dramatic way if motivation comes about in full circle. If the rewards are in monetary terms, the employees appreciate the concern shown by the organization itself. Also at times, promotions and other incentives like bonuses, added privileges, etc are given to the employees who in essence get motivated by the undertakings on the part of the entrepreneurial firm itself. An example of such a company would be Microsoft which was the brainchild of Bill Gates and his partner (Houston, 2006). He motivated the workers under him and made them into competent individuals on the job. It is because of this reason that the ex-workers of Microsoft are taken in a higher stead than most of the other companies who had workers working for them of late. It essentially outlines the manner in which Microsoft gives attention to the understanding that motivation is indeed very important.
BREWER, Gene A. (2000). Work Motivation in the Senior Executive Service: Testing the High Performance Cycle Theory. Journal of Public Administration Research and Theory, Vol. 10s
HOUSTON, David J. (2006). "Walking the Walk" of Public Service Motivation: Public Employees and Charitable Gifts of Time, Blood, and Money. Journal of Public Administration Research and Theory, Vol. 16
MAYFIELD, Milton. (2006). The Benefits of Leader Communication on Part-Time Worker Outcomes: A Comparison between Part-Time and Full-Time Employees Using Motivating Language. Journal of Business Strategies, Vol. 23
WRIGHT, Bradley E. (2001). Public-Sector Work Motivation: A Review of the Current Literature and a Revised Conceptual Model. Journal of Public Administration Research and Theory, Vol. 11
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