Motivation

4 ways to build the self-motivation that can boost your career – FM | Financial Management

Summary

As many finance teams shift to a more autonomous and outcomes-based approach in the wake of the global pandemic, finance professionals will need a range of emotional intelligence (EQ) skills to both adapt and thrive. In addition to the core EQ skills of self-awareness and social awareness, the ability to strengthen and sustain self-motivation will become increasingly important as professionals navigate the challenges of remote and hybrid work.

Yet even though self-motivation is consistently cited as the key differentiator between high-performing professionals and those who stag…….

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As many finance teams shift to a more autonomous and outcomes-based approach in the wake of the global pandemic, finance professionals will need a range of emotional intelligence (EQ) skills to both adapt and thrive. In addition to the core EQ skills of self-awareness and social awareness, the ability to strengthen and sustain self-motivation will become increasingly important as professionals navigate the challenges of remote and hybrid work.

Yet even though self-motivation is consistently cited as the key differentiator between high-performing professionals and those who stagnate, it is also regarded as among the most difficult of self-management skills to cultivate and sustain.

“Self-motivation seems like an oxymoron for most professionals,” said Ayelet Fishbach, Ph.D., professor of behavioural science at the University of Chicago Booth School of Business and author of Get It Done, Surprising Lessons From the Science of Motivation. “And while others can certainly undermine your plan to finish and submit a report this week, it’s less clear why you would be your own obstacle … yet you’re often your own biggest obstacle.”

According to Brittany Cummings, CPA, a director with BKD LLP, a US-based CPA and advisory firm, a major part of mastering self-motivation is learning to prioritise your core needs and “listening closely to both your physical and mental self”.

“This requires becoming realistic about the time you have available and when you can commit to achieving goals or getting out a deliverable to a client,” Cummings explained. “If you consistently fail, you will drive down your motivation, but if you consistently deliver on time and achieve realistic goals, you generally will stay motivated.”

FM magazine spoke to Cummings, Fishbach, and Julia Kerr Henkel, an executive coach based in South Africa, to explore key tactics for sustaining self-motivation through the inevitable psychological slumps that threaten to derail hard-won progress.

Get specific about your goals. According to Fishbach, goal setting is fundamental to self-motivation, and the more engaging and exciting these goals are, the better.

“You should always set goals — whether for the day, the week, or the quarter — and they should be something you’d feel satisfied to both pursue and achieve,” she said. In addition, any objectives you set for yourself or agree to should be very specific and detailed.

For instance, research has shown that sales teams with detailed sales targets consistently close more deals than teams that aren’t given specific targets. In other words, vague objectives or open-ended goals, such as “studying for CIMA exams”, are usually much less effective than something concrete and specific, such as “completing a CIMA course on integrated reporting by the end of the month”.

As part of this detailed and intentional goal-setting process, Fishbach urged professionals to anticipate the obstacles or potential challenges associated with the goals.

“Think about what’s going to interfere with your plan to finish that project or report this week — it might …….

Source: https://www.fm-magazine.com/news/2021/nov/build-self-motivation-boost-career.html