Problem:
As newly appointed CEO I intend to broaden the spectrum of global relations while maintaining the corporate vision and mission statements which encompasses our corporate values. I will rely solely upon the administrative support staff, colleagues, executives and team members as vital assets that will enable us to move forward. I will express my genuine appreciation for your efforts to increase productivity and sustain customer relationships globally. I am confident that through my transformational and transactional leadership style I will empower this organization to embark upon new opportunities and build new alliances that will strengthen our branding in the marketplace thus eliminating weaknesses. It is my promise to you, that the dedication, commitment and reliability of our employees will not go unrecognized. I will work towards rewarding those who are diligent, productive and efficient.
There are four motivational theories that I will integrate as a best practice approach that aligns with the paradigm of an effective organization such as:
- Vroom's Valiance Expectancy Theory-"The most widely accepted explanations of motivation has been propounded by Victor Vroom. His theory is commonly known as expectancy theory. The theory argues that the strength of a tendency to act in a specific way depends on the strength of an expectation that the act will be followed by a given outcome and on the attractiveness of that outcome to the individual to make this simple, expectancy theory states that an employee can be motivated to perform better when their is a belief that the better performance will lead to good performance appraisal and that this shall result into realization of personal goal in form of some reward." (Shah, 2010). It is my duty as CEO to ensure that your hard work and dedication will be fairly compensated. We will conduct annual evaluation that will monitor the progress of all staff members. We will also heighten the level of competitiveness within the organization, which will allow our employees to increase their level of production and compete for incentives, rewards and pay raises, which in my opinion will be predicated upon the theory of "hard work pays off."
- McClelland's Theory of Need-this theory demonstrates an assessment of what is required to maintain a competitive advantage in the market place, which includes our need to generate affiliates, establish alliances, become a powerful entity within our industry, and our measures to achieve a standard of excellence.
- Goal Setting Theory-"Instead of giving vague tasks to people, specific and pronounced objectives, help in achieving them faster. As the clarity is high, a goal orientation also avoids any misunderstandings in the work of the employees. The goal setting theory states that when the goals to be achieved are set at a higher standard than in that case employees are motivated to perform better and put in maximum effort. It revolves around the concept of "Self-efficacy" i.e. individual's belief that he or she is capable of performing a difficult task." (Shah, 2010).