Motivation to Lead a Vital Tactics for Today's Business Leaders and Entrepreneurs

The evolution of human capital management had brought about many changes in the way managers are selected, managed and retained. As a result, awareness of the evolutionary thoughts on leaders has emerged across the globe, and organizations are continually looking up for the right managers among potential employers who are intrinsically motivated to maintain the efficiency of hired skilled and efficient workforce by becoming driving energies behind them; and continue the value creation for business competitiveness. In this regard, this paper aims to identify the psychological correlates of intrinsically motivated leaders' who can set up an environment that enables talented workforce to remain motivated to deliver the services at their best and sustain excellence in the organizations under the conditions of uncertain economy, layoffs, swiftly changing technology, and economic recession. This paper highlights the conceptualizations of Chan and Drasgow's (2001) motivation to lead theory, Kark and Dejk (2007) topical concept of self-regulatory focus as fundamental strategies for understanding the bases of motivations behind effective leader behaviors. A look at the psychological characteristics of motivated leaders and the reasons behind their motivations to lead may have lot of practical implications for the corporate organizations such as Insurance, Banking, Telecom, Informational technology sectors in the selection and recruitment of motivated managers; predicting their effectiveness and persistence in the work roles assigned to them; and providing them with the necessary training to maximize and sharpen their skills so that they can become more effective in their work roles and move swiftly during the crises situation.