Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Importance of entrepreneurial leadership
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Importance of entrepreneurial leadership
Approaches to Entrepreneurial Leadership
There are various approaches to entrepreneurial leadership, which are different from each other depending on the subtopic of the studies, as Roomi and Harrison (2011) remark, “the literature on entrepreneurial leadership is diffused, probably because of the definitional challenge of the construct itself” (p. 4). However, they categorize the approaches into four types of studies, which: 1) explore the combination of entrepreneurship and leadership, 2) embrace psychological aspects, 3) highlight the scope in which the leadership is needed, and 4) try to analyze the whole concept without actually specify it.
The first type of approach is well represented by Perren (2002), who indicates that the available studies of entrepreneurship and leadership exhibit corresponding notions with overlapping conceptual
…show more content…
First, they listed out three roles that entrepreneurial leaders commonly undertake, which are ‘absorbing uncertainty’, ‘framing the challenge’, and ‘path clearing’. Then, they used data from the Global Leadership and Organizational Behavior Effectiveness (GLOBE) project to establish the validity of the concept of entrepreneurial leadership by determining the characteristics of leadership related with the three roles. This study shows the validity of the general and ‘etic’ characteristics of the entrepreneurial leadership concept. Moreover, this study also points out that although the effectiveness of entrepreneurial leadership is accepted by most organizations and societies, there are still some different perceptions. For example, cultures with higher degree of equality such as Anglo and Nordic societies, have more potential to accept entrepreneurial leadership than cultures with higher degree of authority, such as Middle Eastern and Confucian Societies (Gupta, MacMillan, & Gita,
The topic of leadership has been explored and written about by thousands of authors who are considerably more qualified than I am to write about the subject. However, I’ve always maintained that developing, evolving and articulating one’s own leadership philosophy is an essential part of a professional’s growth. Through academics and experience, I’ve concluded that leadership is a “soft” skill, more art than science, and that leadership principles can be universally applied. As a topic of discussion, leadership can be ambiguous and seldom does everyone agree on a single definition. Organizations and the people they consist of crave leadership, even if not overtly. Undeniably, strong leadership is essential to achieving
Mlls, D. Q. (2005). Leadership How to Lead, How to Live. Boston: Harvad Business School Press.
Leadership is not a position but an action that is undertaken by an individual. Leadership is not just about giving orders, yet it is the action of serving others. According to Robert Townsend, “A leader is not an administrator who loves to run others, but someone who carries water for his people so that they can get on with their jobs” (2013). A good leader will support his or hers employees because a leader is not judged on their own actions, but they are judge on the success of those that they support. In the modern era, we look at business leaders in the same way that historians view military commanders or kings of the past.
Leadership at times can be a complex topic to delve into and may appear to be a simple and graspable concept for a certain few. Leadership skills are not simply acquired through position, seniority, pay scale, or the amount of titles an individual holds but is a characteristic acquired or is an innate trait for the fortunate few who possess it. Leadership can be misconstrued with management; a manager “manages” the daily operations of a company’s work while a leader envisions, influences, and empowers the individuals around them.
Destiny, brought the book True North: Discover Your Authentic Leadership into my life and I want to bring it into the lives of others. More specifically those who may believe they weren’t born with the characteristics or traits to become a leader or those who have not found their passion or purpose in life; their “True North.” The book, written by Bill George and co-author Peter Sims, compiles a series of interviews with 125 managers from Howard Schultz of Starbuck’s to Dan Vasella of Novartis. The interviewees guide readers through their journey to become the leaders they are today; discussing their failures, successes, obstacles, personal tragedies and triumphs. The stories of each manager prove the True North’s thesis, which is no one person is born a leader and there isn’t one path to becoming a leader. The book is separated into three sections: 1) Leadership is a Journey 2) Discover Your Authentic Leadership 3) Empowering People to Lead. Before giving overviews of each section, it is important to define an authentic leader.
Sims Jr., H. P., Faraj, S., & Yun, S. (2009). When should a leader be directive or empowering? How to develop your own situational theory of leadership. Business Horizons, 52, 149-158. DOI: 10.1016/j.bushor.2008.10.002
To be an authentic leader one must discover their True North and the purpose of leadership. Leadership decides the success or failure of organizations. The chief cause of organizational failure for the last decade has been failed leadership. A leader’s
Leadership can be defined as the method in which one influences a group of individuals for a common goal. There have many great leaders in the world but these leaders are not born leaders. One must have willpower and the desire to become an effective leader. These leaders become dependent upon based upon their abilities and their success. A leader is looked upon for guidance and the inspiration to know what the right thing to do is. The theoretical foundations of the research of leadership are firmly supported. To better understand the foundations and understand the focus of leadership, it is essential to have knowledge of the history of leadership, the meaning and concept of leadership, types of leaders and leadership styles, and issues in leadership such as issues with culture and gender. According to Antonakis (2004), “leadership researchers have struggled for most of the last century to put together an integrated, theoretically cohesive view of the nature of leadership, invariably leading to disappointment in those who studied it” (p.4). An overview of the history of leadership is necessary to understand the concept of leadership because it also provides a framework for other areas of leadership. In any conventional group, individuals fill different role and one of those roles must the leader which is essential for the group to achieve it purposes.
The role of leadership can impact an organization performance in many ways. Excellent leadership can propel a company to the fortune five hundred list. For Example, Harpo Incorporated Oprah Winfrey’s company is a successful business that has made billions of dollars over the years. The business consists of several different entities such as the Oprah Show, Oprah Winfrey Network, and The Dr. Phil Show to name a few. This could not have been accomplished with a weak or uneducated leader. Many years ago I heard her give advice to the Williams Sisters. The a...
The first dichotomy is between an entrepreneurial spirit and stewardship. Entrepreneurial leadership influences others by setting the example to be creative, passionate, and experiential seeking to go beyond the normal (Renko, El Tarabishy, Carsrud, and Braennback, 2015). Entrepreneurial
There has been a large amount of attention paid to the subject of entrepreneurship in the last few years; mainly because most people have chosen to go from working for somebody else, to be their own bosses and work for their dreams. Nevertheless, many still wonder what is entrepreneurship and what is that sets entrepreneurs apart from other regular business owners. At first, it seems both concepts do not differ much from each other since they both start up and run businesses and assume risks to pursue opportunities; however, there are certain traits that difference them.
Chan, K. W. & Maubourgne, R. A. 1992, Parables of leadership, Harvard Business Review, July-August.
Entrepreneurship incorporates unconstrained imagination and a readiness to settle on choices without strong information. The entrepreneur may be driven by a need to make something new or assemble something unmistakable. As new ventures have low achievement rates, the business person should have impressive tirelessness. Because of this, the entrepreneur may have the best risk of achievement by concentrating on a business sector corner either too little or too new to have been commanded by built up organizations.
This paper examines the myths associated with what it takes to be an entrepreneur, the profiles and the common characteristics among these successful entrepreneurs.
A business short of leadership often fails and has no chance of survival. An organisation with no leader is like “an army without generals”. A leader can make an organisation successful or break it depending on the skills they have. An expert in leadership warren Bennis said, on capital can borrow money and one with poor location can move to point b “A business short on leadership has little chance of survival”.