Philosophies of Business Managers

IntroductionDifferent business schools have different variations to assess the motivation of business owners. The tool helps business owners and managers find the true reasons that drive their entrepreneurship. These motivations are known to govern the psyche that analyzes data presented to them for decision-making. Since, his/her personality also influences organizational culture, the leaders motivation directly affects how the business is run and how it is perceived by customers.Although, we express our feelings in various ways, researchers have summarized the driving motivations that govern these attitudes into seven categories. The categories may bear any names depending on the institution or version being used, but they all essentially derive from the classification developed at the Harvard Business School. The motivations are described as Autonomy, Power and Influence, Managing People, Financial Gain, Altruism, Intellectual Challenge and Variety.In the general business world, Autonomy is the number one reason that motivates people to start businesses. In the healthcare field especially in the developing countries such a drive is not a very strong reason. We get thrown into establishing our practices because of circumstances forced on us that need us to find a means for a middle class lifestyle. Ours will more likely fit into the Variety category for most people. This highlights the need for us all to recollect that motivations are individually biased, and we will still have people motivated by a need to be fiercely independent.Autonomously motivated business founders are solo businessmen who are wary of partners and significant investors that may dilute their influence in the business. The business runs around their personal interests and lifestyle; and is usually small-scale in size with growth being slow but determined.Business leaders who cherish Power and Influence do not care if they have a boss or not, so long as everyone recognizes their importance in decision-making that affects the directive principles of the company. They want to lead and are seen to be in-charge, even if they have superiors to stamp their viewpoints. Conflicts with partners who attempt to share the power sphere are not uncommon in order for them to assert their superiority and relevance in the pecking order.People managers are businessmen that will found a business just to satisfy the motivation of directing other people’s lives. This motivation was found to be stronger among younger men than even a need for financial gain. Maturity sets in with age though, from the zeal to have the power over other people’s lives to that of inspiring their wards and others. The advice is that these businesses do well as small-sized human resources related companies.Surprisingly, financial gain does not seem to be a strong motivational reason among business founders, and even so, it seems only important to men. Then, such motivations change with maturity and comfort levels to include the pursuit of other interests. Businessmen motivated by financial gains are able to accommodate partners and other types of investors. Many succeed when they handle the relationship pragmatically, but the loss of political control is price that comes with type of arrangement. Intolerance of new power sharing rules and negotiations in response to changes in the business terrain has caused businesses to fail.Altruism is the motivation when businessmen want to make a difference in the society through their commercial involvements. This type of passion was found to be more common among women in all age groups, in contrast to men for whom financial gain was more appealing. Later in life, when money becomes less of a worry, and men begin to think of their legacies, altruism becomes a motivational factor in their decision-making influence. Contributions to non-profit or socially responsible causes then begin to gain attention.Intellectual challenge and Variety as entrepreneurial motivations appear to be more strongly an elderly female affair. It seems that after proving their ability to run their businesses and take care of their children, who are by now maturing, women then consider the opportunities that challenge their mental abilities by pursuing knowledge or diversify their businesses.In either case, the key is to develop a secondary or back-up manager that can reliably mange the primary business while one is busy launching new special projects, or extending the current line of product offerings.ConclusionAs we aspire to leadership in any business or venture out into entrepreneurship it is important to have an accurate understanding of the character that determines company policy and business success for that particular business. We have been provided with background information for assessing available tools that can help in diagnosing the motivation and determinant strategy of various business environments.