Leadership
Create a hybrid theory/philosophy which combines the common elements found in the thinking of Case, Kouzes, and Drucker. In your philosophy, be sure to include the new definition of entrepreneurial leadership presented in Understanding Entrepreneurial Leadership in today's Dynamic Markets.
The new definition of entrepreneurial leadership as defined by the article Understanding entrepreneurial leadership in today's dynamic markets is a leader who is enterprising, transformational and who "operates in a dynamic market that offers lucrative opportunities" (Tarabishy, Fernald Jr., Solomon, p. 5). These words are rather ludicrous on their face, due to the fact that this is not a new definition whatsoever; it is a definition that has been around for decades, if not centuries. Therefore to base a 'new theory' on such an old theory makes no sense at all. Instead, the author will focus on using the words of Case, Drucker and Kouzas as a foundation for a theory that can be used to define today's leader. Since it can be argued that today's current leaders (whether they are defined as entrepreneurs or not) essentially exhibit the same type of characteristics. Ergo, a leader is a leader.
However, Tarabishy et al. do provide some basis for determining leadership traits. They state that clarity, communication, consistency, caring, creating opportunities, self-confidence, power need and its use, and vision are all qualities shared by today's leaders (p. 5).
Peter Drucker, a management consultant espouse the fact that business leaders who view their employees as valuable resources and who enable those resources the ability to achieve set objectives and goals will likely be the most effective leaders in business.
Drucker also makes a strong point of the fact that workers need to feel a sense of control and that good leaders will allow their employees to feel that sense; and that both leader and employee will benefit (Drucker, 1983).
The author's leadership theory comprises not only Tarabishy and Drucker's words, but also the words of Steve Case and Jim Kouzes. Case, former CEO and the founder...
Entrepreneurial Leadership Of the many theories and frameworks of entrepreneurial leadership, those from Jim Kouzes and Peter Drucker have over time proven most applicable to a broad range of situations and leadership challenges. Noted entrepreneurs including Steve Case, co-founder and CEO of America Online has often said that the key to succeeding as an entrepreneur is combining the best possible people, being passionate about a vision, and having a strong sense
As a result, economic development was redefined in terms of reduction or elimination of poverty, inequality, and unemployment within the perspective of a growing economy (Mamede & Davidsson, 2003). Research indicates that entreprenuership can be both the cause and effect of economic development in the sense of wealth distribution. Countries in which wealth is concentrated in the hands of a small fraction of the population face greater difficulties in coordinating
The major asset of an entrepreneur is their ability to be innovative and creative, and try new ways of doing things. This is vital for any organization that wants to stay competitive in the marketplace. In addition, they create positive change, are usually team- and customer-oriented, and are generally assets to the business. They can take risks, and sometimes their ideas will fail, but they are not afraid to fail,
Lastly, I would just like to know what approaches are out there. Everybody has his or her own idea, but I want to know what works for other people. Some will argue against any serious ethical principles at all, some will make ethics a central part of their company. For me, I know that I have to choose a market-based approach, so I am definitely curious to learn about the
Another key factor that contributed to the rise of the business to its status of success is that of the quality of service offered. Right from the menu across to the attendants, there is quality in everything that Five Guys offers. The menu is simple and straight forward, despite the pressure from the customers and interested parties to increase the services it offers, they have kept their menu simple and
Entrepreneurial Dynamic Leadership Process Self-Reflection I have found the Entrepreneurial Dynamic Leadership Process (EDLP) model to be very helpful and relevant in reviewing my own leadership experiences and behaviors so far in my life. I really appreciate the model's emphasis on self-leadership. Leaders must first lead themselves in order for others to follow, or for them to inspire others to action, including their own leadership. I especially enjoy the metaphor of
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