Overview
In the documentary “Call of the Entrepreneur,” three successful entrepreneurs, Brad Morgan, Frank Hanna, and Jimmy Lai, are presented to explain their views on entrepreneurship and in turn leadership. Brad Morgan is the owner of a million dollar dairy and compost company, Frank Hanna is a merchant banker in New York City, and Jimmy Lai is the founder of Giordano department stores and Next Media. A central theme of the documentary is how each of these businessmen displays the characteristics of persistence, patience, and perseverance to overcome frustrating obstacles and become successful. The film defines entrepreneurship and explains how the entrepreneur responds positively to consumer demands and is able to organize and direct others toward a goal only the entrepreneur can see. The film shows that though some entrepreneurs are driven by greed and some are not, the ones that are successful are answering the needs of consumers.
The Call of the Entrepreneur: Answering the Call
If you had asked Brad Morgan years ago if he ever thought he would become a compost farmer, he might have laughed at you. Today, however, this is his reality, and he is quite serious about it because compost was the answer to most of Morgan’s problems. On the verge of bankruptcy, Brad was forced to find a solution to a price collapse in the dairy market. Having already been advised to leave the dairy business due to financial failure and overcoming that situation with higher milk production and quality, Morgan was now searching for a quick solution or face leaving the business altogether. Though his future seemed bleak, it was Morgan’s persistence and patience that paid off. Through his knowledge of his business, Morgan began looking ...
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...unts of information and have applied that knowledge to create capital, wealth for the future. In each example, one can see an instance in which these leaders were able to see what others could not see and direct their workers toward the future goal.
References
Hayek, F. A. (1944). The road to serfdom. Chicago, IL: University of Chicago Press.
Maxwell, J. C. (1999). The 21 indispensable qualities of a leader: becoming the person that people will want to follow. Nashville, TN: T. Nelson.
Smith, P. M., & Foley, J. W. (2013). Rules & tools for leaders: from developing your own skills to running organizations of any size, practical advice for leaders at all levels (4th ed., revised Perigee trade pbk. ed.). New York: Perigee.
Sirico, R. A. (Director). (2007). The call of the entrepreneur [Documentary]. United States: Acton Media.
All of these traits begin with the individual realizing who he is and where he stands to become a leader. Like Jack Welch said, “Before you are a leader, success is all about growing yourself. When you become a leader, success is all about growing others.” Works Cited Machiavelli, Niccol. The Prince of the Sea.
Such two men named Dale Carnegie and Horatio Alger have given the world two of the most famous business philosophies. Those who pursue Horatio’s philosophy achieve success through hard work and dedication while those who pursue Carnegie’s philosophy achieve success by being very charismatic.
Schwarz, Alan. "An Entrepreneur Steps To The Plate." Newsweek 142.13 (2003): E26-E28. Academic Search Complete. Web. 13 Nov. 2013.
Throughout our country’s great history, we have seen a number of great, effective leaders. With that said, it is no easy task to narrow down to a few, the qualities that made and make these men and women so incredibly talented. Great leadership is essential to the well being of any populace, and, undoubtedly, the United States has seen some of the greatest leaders of any country. The qualities that our greatest leaders demonstrate are those such as courage, whether in the face of danger or in the turmoil of the political arena; humility, the essential humbleness that encourages the trust of the people and assures you are a leader of sound judgment and respect; and, of course, passion, the driving force behind innovation, the ambition to
Maxwell, J. C. (2002). Cele 21 calităţi ale liderului/ The 21 qualities of leader. Bucharest: Amaltea
The entire documentary is centered on the lead entrepreneur, Kaleil Isaza Tuzman, and his attempt at balancing opportunity, resources, and relationships at govWorks. As the person who originally derived the idea of paying parking tickets online, he has many of the critical personal attributes of a successful entrepreneur that was noted in William Bygrave’s The Portable MBA in Entrepreneurship. For example, in terms of achieved characteristics and tangible assets, Kaleil graduated from Harvard University and his previous experience as an investment banker at Goldman Sachs gave him credibility as well as superior knowledge on how to raise capital. This is evident in his unfaltering tone and winning smile during his elevator pitch and interactions with various investors. Bygrave also believes that a successful entrepreneur has many behavioral and ascribed characteristics like determination and dedication, which allows them to “implement their venture with total commitment.” Not only did Kaleil resign from a high paying and stable job at Goldman Sachs to devote “all of his time to govWorks”, he also worked
Goleman, Daniel. "What Makes a Leader?" Harvard Business Review. Jan. 2004. Web. 09 May 2014.
As a growing debate, the question at hand is whether great leaders are born with specific leadership traits, or if one can be taught certain traits over time. According to (Wikipedia.com) the approach of listing leadership qualities, often termed "trait theory of leadership", assumes certain traits or characteristics will tend to lead to effective leadership. I believe that leadership traits such as honest, competent, initiative, inspiring, hardworking, intelligent, and the ability to lead the masses, are some of the leadership traits one should possess. Within this paper, I will examine the overall concept of leadership traits, while observing the traits that were, or can be associated with successful leaders.
Other attributes of a leader are selflessness, knowledge, organization, humility, and trust. Perhaps the most difficult part of being a leader is knowing that each decision you make will h...
An entrepreneur sees an open door which others do not completely perceive to take care of an unsatisfied demand or to profoundly enhance the execution of a current business. They have a ravenous, self conviction that this open door can be made genuine through diligent work, duty and the flexibility to take in the lessons of the business sector along the way. Much has been composed concerning entrepreneurs and entrepreneurship.
This paper examines the myths associated with what it takes to be an entrepreneur, the profiles and the common characteristics among these successful entrepreneurs.
Bennis, W. & Nanus, B. (1985). Leaders: The Strategies for taking charge. New York: Harper Row.
Majalah Niaga(2013); Super Entrepreneur Tip: Do not Ever Stop Trying- edition 26; available from [magazine] pp 30-32. Retrieved on 7 March 2014
"Entrepreneurs who start and build new businesses are more celebrated than studied. They embody, in the popular imagination and in the eyes of some scholars, the virtues of "boldness, ingenuity, leadership, persistence and determination." Policymakers see them as a crucial source of employment and productivity growth. Yet our systematic knowledge of how entrepreneurs start and grow their businesses is limited. The activity does not occupy a prominent place in the study of business and economics.
Entrepreneurship is an important aspect of social, economic and community life. It can be viewed as a critical factor to economic growth as well as a way of addressing unemployment (Nolan, 2003).Entrepreneurs are people who are persistently focused on identifying opportunities, they seek to create something worthwhile while taking into account foreseeable risk and rewards associated with the efforts (Nolan, 2003). Furthermore, entrepreneurs are frequently understood to be individuals who discover market needs and establish new business to meet those identified opportunities. The following assignment will firstly discuss the types of entrepreneurship, secondly it will discuss the reasons people become entrepreneurs, and thirdly it will discuss the importance of entrepreneurship.