Question 1
The achievement of life goals in many people happen in a predetermined pattern. The individual path each person’s life pans out upon is determined by values that they set out to achieve. The following of given values this paper is going to evaluated the values needed to achieve a certain life goal. I being an aspiring top executive in future do have the values that I follow and feel that will help me in achieving that goal in the future. The advancement of life starting from graduation up to retirement will follow the following values.
- Achieving a comfortable/prosperous life
/>
- Making a lasting contribution to both my family and the society at large
- Ability to ensure the security of my family in all respects including but not limited to financial security
- Achieve self-respect.
- Acquire inner harmony/ freedom from inner conflict
- Lead an exciting and active life
- Achieve equality in the spirit of togetherness and brotherhood
- Be content and happy
- Attain true wisdom and understand the true meaning of life
Career accomplishments I hope to achieve and the value they add in ten year blocks
First ten year block
- Landing a job in a financial institution as a finances control officer
This accomplishment will help me in achieving a comfortable/prosperous life. The first and most pressing need that I will address is that I have the basic needs of life and a few essential comforts. These needs may include good food, a nice place to live and appropriate clothing. From the salary I’ll earn from this job, I’ll be able to afford these things.
- Getting a promotion in the job classes by at least three classes within the ten years.
This development will enable me to better my earnings and subsequently improve the security of my family in all respects including but not limited to financial security. Increased earnings will enable me to secure the security of my family by being able to secure their needs such as a secure source of food and provision of housing for my family. The position of ensuring the security of my family is mainly financial and this development will help achieving this goal.
- Secure my position in the firm
This will be done through persistent hard work and quality in the execution of my duties the security of my position in the firm will enhance my ability to Ability to ensure the security of my family in all respects including but not limited to financial security. The steady and assured stream of money from my job will ensure that I provide for my family.
Second ten year block in my career
- Increase my qualifications by taking up part time training in the finance management.
This development will enable me to achieve self-respect. The achievement of self respect will occur due to the ability to take bigger roles in my career.
- Venturing into specialized asset management in a credit institution
This move will enable me to live a fulfilled and happy life. This achievement will be enabled by job satisfaction. I hold a fancy for how assets can grow and create wealth. Involvement in the management of assets will ensure that I am happy in the job
- Assist aspiring financial officers in landing positions and general career advice.
This will assist me in achieving the goal of making a lasting contribution to the community and my family as well. This move will also assist in achieving equality in the spirit of brotherhood.
Third ten year block
- Establish an asset management consultancy firm
This move will enable me to achieve self-respect and live a content and happy life. These values will be achieved through indulging in the field I love and freedom from control.
- Study credit management to the highest possible level.
This achievement will enable the achievement of being content and happy. The knowledge of one’s field is extremely satisfying being in a position of claiming complete understanding of credit management will offer me immense satisfaction
Question 2
Individuals are motivated by the desire to fulfill a specific need or desire. Unfulfilled needs motivate people to seek out ways of satisfying them. Needs are satisfied in a step like manner where lower needs are satisfied before higher needs are satisfied.
My need profile for each profile concerning power, affiliation and motivation will be as follows.
First ten-year block
Safety needs will occupy my first ten-year block substantially, thus ensuring that I have a secure footing in my career and job will occupy my time. I will sacrifice pretty much everything else to concentrate on my job and as such, the need for affiliation will prevail over power and motivation.
Second ten-year block
This block will involve the need to meet social needs. These are needs associated with amicable relations with other individuals. The need to relate well with other people in my work place will involve being highly motivated in my work in order to contribute effectively towards the collective achievement of institutional goals. I will expend more effort to my family an effort that will require sacrificing time I would have otherwise spent in my career. This will require that I sacrifice on my personal gain such as ensuring I earn the highest possible amount to the collective good of my peers and my family
Third ten-year block
This block will involve the achievement of self-actualizing goals. These are the achievement of the epitome of my career while enjoying the benefits of a fulfilled life socially and spiritually. This will be a culmination of a whole life’s work, where I will set forth and establish private practice. This block will also include helping others towards happiness. This will require that I channel resources towards that end.
Question 3
Expectancy theory requires that an individual have an expected reward for sacrificing one behavior over the other. Expectancy theory requires that motivation to work is dependent upon the perceived benefits associated with the effort. Individuals modify their behavior based on calculation of expected outcomes.
First ten-year block
- Increased salary; this will arise due to hard work shown in the work place in place of laziness
- Improved working conditions and terms; this will be achieved through active involvement in surveys on ways to better my working conditions.
- Promotion in my work place; this will be achieved through attending seminars and short courses in my field.
Second ten-year block
- Create a support group for aspiring finance officers. This will be achieved by the need to assist others in meeting equality in life.
- Advance into management of assets in a managerial capacity. This will be in line with trying to achieve self respect by handling a complex field and one which I feel I am adequately capable in. this will necessitate resigning from the current position and seeking the fresh challenge.
- Set up an education fund for my children’s education. The move will aim at ensuring security for my family.
Third ten-year block
- Setting up private practice in credit management, this move seeks to achieve the self-actualization goal.
- Taking a doctoral degree in credit management, this move will enable me to know all the relevant and arising models of credit management while contributing to the field with models of my own.
The overall effort required in the realization of these needs is huge considering the values espoused. Each need has to be fulfilled in the manner listed in order for the next level to be achieved. This is in agreement with Maslow’s hierarchy of needs where a preceding need has to be met in order for subsequent needs to be met. Thus, effort must be expended in each level for the overall success
Question 4
The ERG model follows needs according to their urgency and lists them as indicated in the acronym, ERG. The follow the pattern existence needs, relatedness needs, growth needs.
- Existence Needs These are the basic needs of life such as food and shelter. These needs are not poised to affect the growth of my career much as they are maintained relatively easily by the current remuneration I expect to earn.
- Relatedness Needs These are needs that involve relationships both relationships with the society and personal relationships. An event such as a divorce may adversely influence my career development, i.e. causing regression. a cultivation of good relationships at work with my seniors and peers as well may stimulate rapid growth and rise up the career ladder
- Growth Needs These are needs that are associated with self-respect. These are the needs that one seeks to achieve after the last two levels are met. The factors that can influence the attainment of these needs are few as one seeks to satisfy their being after they are absolutely through with the previous levels, the only impediment towards achieving this goal will be the failure to achieve the preceding levels.
