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Entrepreneurship is a way of thinking, reasoning, and acting that is opportunity obsessed, holistic in approach, and leadership balanced
Concept of entrepreneurship
Entrepreneurship is a way of thinking, reasoning, and acting that is opportunity obsessed, holistic in approach, and leadership balanced
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Discuss the common elements described in the theories/philosophies of Case, Kouzes, and Drucker including how their principles/strategies relate to the new definition of entrepreneurial leadership presented in Understanding Entrepreneurial leader ship in today’s Dynamic Markets.
The new definition of entrepreneurial leadership is one of an enterprising, transformational leader who operates in the dynamic market that offers lucrative opportunities. It is also believed that the entrepreneurial leader has the following transformation leader dimensions. They are clarity, communication, consistency, caring, creating opportunities, self confidence, power need and its use, and vision (Tarabishy 2002). Steve Case, James Kouzes, and Peter Drucker have attributes that exemplifies entrepreneurial leadership.
All men are Captains of industry and are entrepreneurs, innovators, and business leaders who have varying ideas on leadership. But they all have common ideals that make them entrepreneurial leaders. Steve Case, the former CEO and Chairman of AOL, is the person behind the idea of the 3 P’s – People, Passion, and Perseverance. James Kouzes, a well-renowned leadership scholar with executive experience, co-authored the bestselling book, Leadership Challenge, named one of the top 10 books on leadership in The 100 Best Business Books of All Time. And Peter Drucker is known as the “father of modern management”. Many of his predictions about major developments in the late 20th century have indeed came true. This paper will analyze how the ideas and principles, of Case, Kouzes, and Drucker coincides with the new definition of entrepreneurial leadership.
Clarity- All three men try to simplify ideas with straightforward ideas. All believe ...
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...tp://usasbe.org/knowledge/proceedings/proceedingsDocs/USASBE2003proceedings-21.pdf
Huskic, G. (n.d.)The Essential Drucker, Chapter 12: Entrpreneurial Strategies. Retrieved from http://www.softwareresearch.net/fileadmin/src/docs/teaching/SS04/PM/Gruber_Huskic_paper.pdf
Drucker, P. (1999) Management: tasks, responsibilities, practices. Retrieved from http://books.google.com/books?id=9a5SAlaY-X4C&printsec=frontcover&dq=peter+drucker+Management:+tasks,+responsibilities,+practices&hl=en&ei=Etu_TKrKCoWZOtHyte4L&sa=X&oi=book_result&ct=result&resnum=1&ved=0CCwQ6AEwAA#v=onepage&q&f=false
Prakash, B. (2005) Strategic Management. Retrieve from http://books.google.com/books?id=KVBnMaeccAkC&printsec=frontcover&dq=Strategic+Management+By+Bhatia+B.R,+Prakash+Ved&hl=en&ei=xty_TPX6CozqOdie0d4L&sa=X&oi=book_result&ct=result&resnum=1&ved=0CCkQ6AEwAA#v=onepage&q&f=false
Across the globe, there are CEO’s, managers, and several other individual’s in leadership-type roles that have the expectation of making their company successful in the eyes of the investors, the employees, and the customers that they serve. This may be measured by a company’s gross profitability, employee engagement or overall customer satisfaction. Most companies have leadership models and strategies in place that leaders are expected to use in order to drive the expectations of the company while maintaining consistency across the business. In an effort to examine various types of leadership styles, I have conducted interviews with two individuals that are or have been previously tasked with leading their teams and their company towards success.
John P. Kotter, a worldwide famous expert on leadership at Harvard Business School, was a graduate of MIT and Harvard. He joined the Harvard Business School faculty in 1972 and who was voted tenure and a full professorship at the age of thirty-three in 1980. Kotter's honors include an Exxon Award for Innovation in Graduate Business School Curriculum Design and a Johnson, Smith and Knisely Award for New Perspectives in Business Leadership. He again gained the title as the #1 ¡§Leadership Guru¡¨ from a survey for 504 enterprises that was conducted by Business Week magazine. Outline of this book
Steve Jobs and Fr. Jose Arizmendiarrieta were the founders and leaders of two different but highly successful and profitable organisations, Apple and Mondragon. The two companies are from different parts of the world, in different industries, and can only be compared by their organisational and financial success. Fr. Jose and Steve were the architects of this success, leading and inspiring confidence and support among the people who were needed to achieve their vision and organisations goals (DuBrin, 2013). This essay will compare and contrast the leadership of Steve Jobs with that of Fr. Jose Maria Arizmendiarrieta based on Andrew J. DuBrin’s leadership theory.
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.
Leadership is a quality which cannot be acquired by any person from the other but it can be acquired by self-determination of a person. Leadership can best be called the personality of the very highest ability-whether in ruling, thinking, imagining, innovation, warring, or religious influencing. Leadership is practiced not so much in words a it is in attitude and in actions. Their actions leave a long lasting memory in the line of history and lead up to may events that occur today. To be a leader one will need many qualities. Leaders have a purpose and strategies to accomplish that purpose. They are driven and motivated. In the end they should be able to attain good results. These innate talents help to make up a leader that will succeed and be efficient in carrying out tasks. But, the purpose of this paper is determine what truly makes a leader successful. A successful leader should be considered more on their impact rather than their accomplishments of their organizations alone for they are not sufficient in determining the key to their success .
As a whole, Warren Bennis defined the values and achievement plan for becoming the most successful leader one can be. He highlighted the link between self knowledge and business. A leader is not just “doing a job” or “running a company,” but it’s finding one’s personal vision. Bennis tries to do as much as he possibly he can to shatter this myth. Today, more people are starting to learn what leadership exactly means and what is expected of a leader. It might be evident that in the future competition will be harder
Mlls, D. Q. (2005). Leadership How to Lead, How to Live. Boston: Harvad Business School Press.
In a firm, management and leadership are important and needed. Leadership and management are similar. Actually, leadership and management are totally different. The leadership would influence the firm. The leader would have difference leadership styles to lead the subordinate.
All leaders start somewhere in life, whether if it’s in a garage or in the basement working with dad. There is the, one-and-only leader who took innovation through his own ideas. This leader took steps beyond his wildest dreams. This immense leader was demoted from his own company. Many say his ego got in the way of true life and visions, but this leader is the seed to the blueprints of ideas that he had created visions of a leading company. This leader created a legacy; he is the action of a revolutionary breakthrough.
Northouse, Peter Guy. Leadership: Theory and Practice. 6th ed. Thousand Oaks, CA: Sage, 2004. Print.
The challenges facing leaders are of three kinds: external, internal and those arising from the nature of the leadership role. The external challenges stem from the fact organization faces lack of funds, economic, social and political forces (Kanter, 2003). The leader must be able to cope up with crises that threaten the survival of the firm. On the other hand,
According to Yoder-Wise (2015), a leader can be defined as, “an individual who works with others to develop a clear vision of the preferred future and to make that vision happen” (p 35). As employees, we often have our own ideal of a good leader, which may be influenced by experiences and perception of workplace norms. While one’s opinion of an effective leader may vary, there are several recognized leadership theories. The following will focus on the transformational leadership approach.
“Leadership is an influence relationship among leaders and followers who intend real changes that reflect their mutual purposes” (Rost, 1931). But in today’s time, the styles of leadership are changed every time a new technology is invented or discovered so there is lack of persistency. The only thing which manages to stay constant is the principles of carrying out business activities. There are philosophies and ideologies on leadership which can be used in any time period as they are mostly a reflection of the principles of leadership. Theorists and authors like Hobbes (1679), Lewin (1947) and Aristotle (384–322 B.C.), in their time have produced enough material which can be put into use by modern day leaders and managers. Philosophers like Aristotle, who was known to be one of the most business-oriented and practical philosopher of his time, his work is still used by businesses today because of their relevance as he is interested in defining principles in terms of the ethics of leadership (Santa Clara University). In the essay I have tried to show how leadership has adapted to the changes around them and compared to the past and what circumstances caused need to change it. As a layman, anyone would think that the principles centuries ago will be very different to what we follow now but after studying on Hobbes, Lewin and Aristotle it has made a big impact on my way of thinking because the work produced by them still has more relevance compared to some of the work produced now. I have tried to explain the evolvement of leadership through three aspects which are psychology, sociology and philosophy.
Because of this fact most organizations and entrepreneurs are paying close attention the the leaders they put in place to lead their company and its people into victory, which is the ultimate goal of their organizations. It is a well known fact that leadership is an important factor in an organization’s success, but the type of leadership style and as well as the leader 's personality is what really determines that level of success. In my research I have concluded that the most important leadership styles are transformational and transactional leadership. Transformational leadership has the potential to resurrect, transform and keep companies evolving with time. Transactional leadership although can have some negative effects on some, but if used properly, can promote compliance almost a stagnant team through both rewards and punishments. When companies are pursuing leaders, they not only look at their candidates experiences knowledge of a particular sector of that business, but they pay close attention to the personalities of these individual. They do so because they know that one’s leadership style and abilities is heavily affected by the candidates own personality and views. As a result of this thinking, it has lead all authors involved in both research paper and article “Relationship Between Leaders Personality Types and Source of Power and leadership Styles Among Managers” and “
Leadership, without doubt, is a significantly important function of management. It helps to aggrandize efficiency and to fulfil an organization’s goals. Leadership is the ability of a manager to induce the subordinates to work with confidence, determination, courage and zeal. It is also defined as ability to influence a group towards the realization of a goal. Leaders should have the capability of developing future visions, and to drive the organizational members to want to attain the visions. This paper states my points in which I duly believe, justifies the importance of an outstanding leader in any organization.