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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 of perseverance (Gendron, 2004). Clearly, Dr. Kouzes and Peter Drucker have influenced Steve Cases' mindset about what it takes to succeed when launching a new business. The common elements of Steve Case, Jim Kouzes and Peter Drucker are analyzed in this paper, as is a discussion of the leadership style aspired to. An assessment of how best to use the Small Business Administration and SCORE services is also discussed in this analysis. Finally, my personal principles of leadership are defined at the end of this work.
Common Elements of Entrepreneurial Leadership
The most prevalent common trait of entrepreneurial leaders is the ability to transform organizations and create significant commitment, energy, enthusiasm and intensity of effort towards a common goal. This transformational leadership element is prevalent throughout the findings from Kouzes (1999), Drucker (1985) and the current research into the most valuable attributes of entrepreneurs (Kuratko,...
Transformational leaders have the ability to provide each member of an organization with a very clear understanding of how their efforts and focus will benefit the company over the long-term, providing a very strong motivator in the process to continually contributing more to the shared goal. This aspect of being able to gain the commitment, enthusiasm and effort of team members is only possible when a leader has gained the trust of their employees (Darling, Leffel, 2010). Trust only comes over time, when a leader chooses to be authentic, transparent and self-sacrificing in the attainment of a complex goal, as these attributes the heart of leadership (Kouzes, 1999). The concept of a leader being able to combine the people, passion for a shared goal, and have the perseverance to attain the long-term objectives is also central to Drucker's view of leadership, as evidenced by Steve Case endorsing these values in his many lectures and discussions on entrepreneurship (Gendron, 2004). The world's leading theorists of entrepreneurial leadership ascribe to the concept of authenticity, transparency and trust being the cornerstones of effective transformational leadership in creating and leading new companies (Darling, Leffel, 2010) (Drucker, 1985) (Kouzes, 1999).
Assessing My Leadership Style
In aspiring to be an entrepreneur, the goal of creating an effective series of strategies that can span across the immediate…
References
Darling, J., & Leffel, A. (2010). Developing the Leadership Team in an Entrepreneurial Venture: A Case Focusing on the Importance of Styles. Journal of Small Business and Entrepreneurship, 23(3), 355-371,481.
Drucker, Peter F. (1985). Entrepreneurial Strategies. California Management Review (pre-1986), 27(000002), 9.
George Gendron. (2004). Practitioners' Perspectives on Entrepreneurship Education: An Interview With Steve Case, Matt Goldman, Tom Golisano, Geraldine Laybourne, Jeff Taylor, and Alan Webber. Academy of Management Learning & Education, 3(3), 302-314.
James M. Kouzes. (1999). Getting to the heart of leadership. The Journal for Quality and Participation, 22(5), 64.
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
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
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
Leadership Theory Analysis Leadership is a word that represents a fairly vague and misunderstood concept. Leadership can refer to specific people, the actions or behaviors of a specific person or group of people, or any other conceivable combination. It's difficult for anyone to grasp a specific definition with an appropriate context because it can be applied in a plethora of scenarios. For example, a leader can still be a leader even
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Leading Complex Organizations The case "You have to lead from everywhere" is told from the perspective of Thad Allen, who is the national incident commander for the Deepwater Horizon response. The Deepwater Horizon event was considered to be a total government response, where different agencies were responsible for different components of the response. The challenge, as Allen describes, was "creating unity of effort," or getting everybody to perform their disparate roles