Leadership
Entrepreneurial Leadership
The strengths and potential weaknesses of entrepreneurial leadership include creativity, thinking "outside the box," and an attitude of self-employment and motivation. An entrepreneurial leader takes the initiative and is not afraid of bold, creative solutions to problems. This enthusiasm trickles down to employees and helps them become more creative and productive, as well. Entrepreneurial leaders are good team-builders, and tend to put the customer first, which is always a positive step for a company.
The potential weaknesses of this type of leadership include the leader becoming bored if they are not challenged effectively, and perhaps leaving the company if they are not recognized and rewarded for their efforts. Entrepreneurial leaders also take more risks, and they are not afraid to fail, so they could be more of a liability to certain departments and companies. In addition, any entrepreneurial leader may come up with new, innovative ideas on their own and form their own, competing company, which could certainly be a weakness to the existing company.
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, which also makes them an asset to the company. A company that is afraid of failure may never take the risks it needs to take to become truly great. An entrepreneurial leader will help a business grow because of their fresh, new ideas and their creativity. The positive aspects of an entrepreneurial leader far outweigh the weaknesses they may have, and most businesses would do well to hire these types of leaders.
Leadership is a complex process involving the ability of an individual to inspire, motivate and redirect ways of thinking. It refers to the ability to bring out the best in oneself and others. In any set up, there must be rules and regulations to guide the relationships between people and activities. In a set up like an organization, there are goals and objectives that the organization aims to achieve. These
Leadership Analyze describe founding leader(s), leadership style, major business principles a profit-oriented entrepreneurial approach primary goal provide a product service consumers make a profit. 2. Analyze describe founding leader(s), leadership style, major business principles a social-responsibility oriented entrepreneurial approach primary goal make a positive impact society (people, families, ecology, similar) providing a product service consumers make a profit. Leadership style refers to the method or manner in which a person provides guidance
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
Entrepreneurial Team Leadership History of team leadership It was with the military idea that the traditional concept of business leadership started in the U.S. The olden industrial business like the railways espoused a hierarchy system of management leadership. The person at the control had the final say and was autocratic. Commands were issued from the apex level through the hierarchy to be executed unquestionably. Moreover, the authority was backed by societal strength,
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
The SMEs are competitive in Russia, but many under developments are causing a lag in the developments of the companies. There are many inconsistencies in the leadership, but other factors also discourage the improvement of the small companies. These issues include lack of resources in Russia, and also lack of capabilities. The development in infrastructure has proven to be slow and also lack of equipment. Many companies are waiving from
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