Leadership, entrepreneurship, and strategy: contrasting and comparing
The definitions chosen are:
• Leadership is the ability of a company's management to set and achieve challenging goals, take swift and decisive action, outperform the competition, and inspire others to perform well. (Retrieved from http://www.investopedia.com/terms/l/leadership.asp);
• Entrepreneurship is the activity of setting up a business or businesses, taking on financial risks in the hope of profit. (Retrieved from https://en.oxforddictionaries.com/definition/entrepreneurship);
• Strategy is a plan of action designed to achieve a long-term or overall aim. (Retrieved from https://en.oxforddictionaries.com/definition/strategy).
Contrasting Leadership and Entrepreneurship, we can see that the first one is determined as the ability, the second one as the activity. Even though, here I cannot agree: if you are considered to possess Leadership, you should be more than
…show more content…
Leadership is not only ability but straight activity. A leader cannot be weak and inert because there will not be any works then. A real leader must be reliable and inexhaustible to produce actions. Hence Leadership is endless activity. In other words, Leadership is an action. If you are a leader, you lead, you act as well as if you are an entrepreneur you act and that action called as entrepreneurship.
Comprehensive equilibrium
Here we are not going to compare each definition with other terms. Now, the author has an intention to declare that everything in this world should be balanced and our definitions are not exclusions. Leadership has to be balanced between inspiration and management as it is. Entrepreneurship has to be balanced between taking risks and hoping profit. The strategy has to be balanced between real and unattainable goals. Mutual supplementation and reciprocal
According to Business Dictionary.com, leadership is defined as the individuals who are the leaders in an organization, regarded collectively. It also can be define as the activity of leading a group of people or an organization or the ability to do this. Leadership involves the establishing of a clear vision, sharing the vision with other so that they will follow willingly, providing the needed information, knowledge, and methods to realize the vision and coordinating and balancing the conflicts interests of all members and stakeholders.
Leadership is derived from the Latin word laedere, which roughly translates as “to show the way” and if someone were to look it up in the dictionary, it would come up as “the position of a leader, the ability to lead, and direction.” However, for some this word can be arguable because everyone thinks differently. Leadership or leader itslef can be described or defined as someone promoting good character, a trustworthy person as well as a person who has dedication and takes responsibility for not only him or herself but also takes responsibility for the people surrounding them.
Leadership is regularly ignored by speculators/investors. This may be on the grounds that it is difficult to place a quality on subjective parts of an organization (leadership being one), contrasted with quantitative measurements, which are ordinarily followed and much less demanding to analyze between organizations. People with compacted leadership abilities in the business world frequently ascend to official positions, for example, CEO, CFO, COO, president and chairman.
As it were, Strategy management is the procedure of indicating an association's goals, creating strategies and arrangements to accomplish these destinations, and apportioning assets in order to execute the arrangements. It is
As our text says, there is no one definitive definition that best encapsulates the true nature of what “leadership” really is. For me, I would define leadership as the ability to influence and share with others the understanding of how something is to be done in order to accomplish a particular goal, task, or objective. Leadership doesn’t necessarily mean “to lead”. As mentioned in our previous class, anyone can be a leader. You don’t have to be in a position of power to display active leadership. Leadership is an ability that we can learn, improve upon, and share as we grow as individuals. Leaders may not all share the same vision and purpose but they all have the power to influence others in the way they choose to act, behave, and make decisions. This is how I see leadership to be based on my own beliefs and experiences.
What is leadership? Leadership is having the ability to give guidance to those that will follow. Those that follow will help to complete the mission. Leadership is a soft science, just as anthropology, sociology and psychology. It cannot be proven exactly what it is. Leadership is an art, the skillful application of leadership behaviors beyond techniques is much the same as the skillful application of brushstrokes by a master painter. Leadership is both rational and emotional. It involves both sides of human experience. It includes actions and influences based on reason and logic as well those based on inspiration and passion. Leadership is a social process shared among all members of a group. Leadership development comes through experience. We all learn from our different experiences. Whether positive or negative, they are our tools for growth and development.
A definition of leadership from the Management Study Guide (MSG) says that leadership is a process by which an executive can direct, guide and influence the behaviour and work of others towards accomplishment of specific goals in a given situation. (Brown,A. 2014)
Leadership is the ability of an individual to influence, motivate and inspire others (Gill, 2006). It is therefore defined as a process whereby a leader influences a group of individuals to achieve a common goal (Northouse, 2013). A leader has to make a decision for something to happen and provide his followers with clear direction (Rost et al, 1991). It will evoke feelings of challenge, excitement and involvement for the followers to proceed with the task (Gill, 2006).
The monumental consequences of strategic decisions call for individuals with unique performance abilities who can navigate the volatility, uncertainty, complexity, and ambiguity. inherent in the nature of those decisions. Aspiring leaders can rise to the challenge by undergoing self-assessment and personal.
According to Shockley and Zalabak (2009) "Leadership is a process of guiding individuals, groups, and entire organization in establishing goals and sustaining action to support goals.Leadership is like mapping out where you need to go to win". A Leader is a person who has a strong personality and who has an ability to manage people and work. He is also the person who is able to direct people .Usually a leaders has a lot of attributes that
Leadership can be a hard thing to describe and define. In the textbook, Business Ethics, it defines it as, “leadership is the ability or authority to guide and direct others toward a goal (Ferrell, 2015).
What is leadership? Leadership is defined as a process by which a individual will influence others to obtain goals. Leaders will guide, direct motivate, or inspire others. Leadership is defined by not only traits but actions as well. Leaders are inspirational, trustworthy and charismatic. Many people may think a manger is leader. Although leadership and management go hand in hand, they are not the same. Everyone has their own beliefs about what characteristics an effective leader should have. To me, communication skills, critical thinking skills, and having a vision are few characteristics of becoming an effective leader. A leader is not only born, but made. Some are born as leaders or some are made to be leaders.
Leadership is the controlling force of the whole world, it allows everything to operate best without any chaos. Leadership is important in business because leaders must manage and communicate with employees if they wish to be successful. Leaders range from the Chief Executive Officer (CEO) to managers of different levels.
Many people believe that leadership is simply being the first, biggest or most powerful. Leadership in organizations has a different and more meaningful definition. A leader is someone who sets direction in an effort or task and influences or motivates people to follow that direction. The power point presentation explains leadership is the influence that particular individuals exert on the goal achievement of others in an organizational context.
Entrepreneurship happens to be getting popular and fast growing employer of labor in much economic developed. An Entrepreneur is a person who thinks ahead of other and plan for the future with limited resources and planning. They need to take all the risk and rewards of his or her business venture. The business idea is a new idea, goods, and service offered for sale. The entrepreneur is commonly seen as a business leader and innovator of new ideas and business processes.