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Entrepreneurial Leadership Essay

1305 words - 6 pages

Common Elements

Steve Case discussed how innovation, risk taking and entrepreneurship are essential to get the economy back on track. He states that entrepreneurship is essential for the countries’ underline economic future (Case, 2010). He mentions that a successful entrepreneur has three main characteristics: People, Passion, and Perseverance. Case believes that the right people need to be aligned to the right priorities and that the underlying passion cannot survive with only the founder and CEO (Case, 2010), “Therefore, when times get tough, as they sometimes do, they will have the courage to see it through it” (Case, 2010). Case used real life examples to show how lack of innovation ...view middle of the document...

“Inspire a shared vision” is accomplished by looking into the future and communicating the organization’s goals to the rest of the group (Kouzes, 2008). “Challenge the process” is accomplished by looking for new ways of doing things (Kouzes, 2008). “Practice of enable others to act” is accomplished by giving them what they need to complete the task (Kouzes, 2008). “Encourage the heart,” is accomplished through caring because it creates an atmosphere where people feel cared for and where the positive outweighs the negative (Kouzes, 2008).

Mr. Drucker’s article proposed two theories for entrepreneurial strategies. “Being fustest with the mostest” this theory aims at market domination through innovation (Drucker, 1985). “Hit them where they ain’t” this strategy suggests exploiting success from others by using “creative imitation” and “entrepreneurial judo” (Drucker, 1985). This strategy will require some authentic innovation to achieve success (Drucker, 1985).

Leadership

“Leadership is the art to of influencing and directing people in such a way that will win their obedience, confidence, respect and loyal cooperation in achieving common objectives” (Legacee, 2010). To be an effective leader, he or she must build trust and confidence amongst those being led (Legacee, 2010). My leadership style is a combination of authoritarian, participative, and delegative. Although all styles are used, participative comes into action the most. This leadership style involves the leader including one or more employees in the decision making process (Performance Juxtaposition, 1995); unlike transitional leadership style where the leader maintains the status quo and is strictly by the book. Transformational leadership style involves energy and commitment to inspiring the performance and potential of each team member. This leadership style is similar to the participative leadership because the leader is motivating the employees (Changing minds, 2002). Participative leadership is similar to visionary leadership in the sense that both types of leadership move together toward a shared vision or common purpose. Charismatic leadership provides an environment full of energy and encouragement (Changing minds, 2002) this style is similar to the participative leadership style because of the high drive of the employees.

Principled leadership applies moral and ethical standards of values and virtues to achieve certain goals and objectives (Burgess, 2001). This leadership style is unlike participative leadership that relies on the unity of the team in order to reach the goal at hand. Entrepreneurial leadership is one of an enterprising, transformational leader who operates in a dynamic market that offers lucrative opportunities (Tarabishy, et al., 2003), which is similar to participative leadership because both styles help develop and sustain the elements of organizational culture (Tarabishy, et al., 2003).

SBA and SCORE

The Small Business Administration (SBA)...

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