Preview

Entrepreneurial Leadership

Better Essays
Open Document
Open Document
1116 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Entrepreneurial Leadership
Entrepreneurial Leadership
Jerry M. Harper
Strayer University
The Business Enterprise
BUS 508
Dr. John Mitchell
January 18, 2011
Abstract
Not unlike its sister field of leadership, entrepreneurship has long struggled to identify a coherent theoretical and conceptual framework capable of explaining the phenomenon known as “entrepreneurship” and more importantly the role of the “entrepreneur.” The focus of this paper is to examine similarities and differences between the fields of leadership and entrepreneurship and create a working definition of the “entrepreneurial leader.” The field of entrepreneurship has long held that there is a symbiotic bond between the creation of the new venture and the role of the entrepreneurial leader-founder. The entrepreneurship leader lends his/her vision, leadership style and strategy to the very essence or the core of the business. The individual is a major independent variable influencing the outcome and success of the business.

Introduction The function of leadership and the role of the leader is a constant point of debate among scholars, researchers, and practitioners. Issues abound regarding whether leaders are “born” or “made.” The early literature on entrepreneurship focused on trait theory and the role of the individual. More recent studies have examined the characteristics and intentions between those entrepreneurs who start “lifestyle” business versus growth or “gazelle” entrepreneurs. The concept of “entrepreneurship leadership” is raising the intellectual debate to a new plane. This paper seeks to rise to the challenge be presenting arguments supporting the “entrepreneurial leadership” concept.

Entrepreneurial Leadership 1. Discuss the common elements described in the theories/philosophies for Case, Kouzes, and Drucker including how their principles/strategies relate to the new definition of entrepreneurial leadership presented in Understanding Entrepreneurial Leadership in

You May Also Find These Documents Helpful

  • Better Essays

    “We are in the business of selling burgers” – Jerry Murrell says as one of the mission statements for his company; Five Guys Burger & Fries. Five Guys has had the same business plan since Jerry and his sons opened the first burger shop in 1986. They only use fresh ingredients never frozen. There are no gimmicks to the Five Guys philosophy; just simple food with simple ingredients. That’s how it worked while running one restaurant and that’s how it works with now over a thousand restaurants all over the U.S. and Canada (Smith, 2011, p.2).…

    • 1363 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    Business leadership

    • 763 Words
    • 4 Pages

    Consultant & Advisor has introduced me *******, their top management consultant, to look over the case of Catherine Follis of Dunston Vierra Ltd, and what I’ve discovered to be the main issue in this case is Ms. Follis’ new born baby being brought to her place of work. I have also learned of the various other factors in the situation, including the office space Ms. Follis is willing to renovate and pay rent for, the majority of female employees this company has in that division, as well as the valuable clients of Ms. Follis that need to be accounted for. The apparent problems of this ordeal consist of; the amount of time Ms. Follis would need to take out of her schedule to prepare the nursery, the physical distractions towards the other employees, and the constant running back and forth of Ms. Follis to nurse her child distracting her from her work or possibly leaving a meeting. From what I’ve covered thus far, the main problem seems to be the sheer amount of time Catherine and her fellow employees would spend with the child. Thus wasting valuable time and essentially costing more money to keep Catherine than to have her stay on maternity leave.…

    • 763 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    The entrepreneurial process is a “set of stages and events that follow one another” (Nassif, Ghobril, & da Silva, 2010). The entrepreneur is the practitioner which owns or manages their a business at their own risk (Brixy, Sternberg, & Stuber, 2012) and possesses traits such as creativity, risk taking and change agents. The entrepreneur must also be familiar with the four steps of the entrepreneur process and has the ability to utilize this process effectively and efficiently. The entrepreneurial process consists of four steps which are interdependent with each other and yet each remains independent, this paper will examine those steps as well as their importance to the individual as well as at the…

    • 1157 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Leadership is generally thought of as a one of the most important components to the success of a company. There was three main points |to distinguish} a leader: having people to lead, having certain skills to achieve} the company 's objectives, focusing on} accomplishing goals. Nowadays, in a dynamic, high competitive market understanding leadership is very |crucial for} any heath care facility. A Company cannot be innovative and competitive without comprehending the importance of leadership. The pace and nature of change in today 's dynamic health care system. Requires new different types of organizations, along with a} new style of, leadership - entrepreneurial (Tarabishy, Solomon & Fernald, 2002). The entrepreneurial leadership is one of an enterprising, transformational leader who operates in a dynamic market which offers lucrative opportunities. According to Sashkin (1995), the entrepreneurial leader has the following transformational leader dimensions: clarity, communication, consistency, caring, creating opportunities, self-confidence, power need and its use, and vision. Besides all of these, the entrepreneur part of entrepreneurial leadership is the ability to recognize opportunities within a dynamic market and “the capacity to} build, share, and leverage knowledge” that “will replace the ownership and/or control over assets as a primary way to obtain competitive advantage (Ireland and Hitt, 1999).…

    • 1681 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    When we talk about successful business, we inevitably talk about the man behind it. This man is the leader who led the business to be successful. Many people believe, leaders are born not made. This is the assumption that some people in this world with a talent to lead while everyone else doesn’t and nothing we can do about it. In the other hand, not a few people found that leaders are made not born. They believe, leaders are made through hard work to refine the skills in order to become a good leader.…

    • 1570 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Entrepreneurs produce solutions that fly in the face of established knowledge, and they always challenge the status quo. They are risk-takers who pursue opportunities that others may fail to recognize or may even view as problems or threats. Whatever the definition of entrepreneurship, it is closely associated with change, creativity, knowledge, innovation and flexibility-factors that are increasingly important sources of competitiveness in an increasingly globalized world economy. Thus, fostering entrepreneurship means promoting the competitiveness of businesses. Entrepreneurship and…

    • 2100 Words
    • 9 Pages
    Powerful Essays
  • Best Essays

    References: Catlin-Legutko, C., & Klingler, S. (2012). The small museum toolkit: Book 3. Lanham, Md:…

    • 2209 Words
    • 9 Pages
    Best Essays
  • Good Essays

    The sphere of influence is a concept that management uses to examine the strategic intent of the portfolio of a company and its implication to the strategy of competition (Hoskisson, Hitt, Wan & Yiu, 1999). Spheres of influence enhance manoeuvring competitors into a corner, reduce the price wars through mutually assured destruction and shape the industry to the mutual player’s advantage. The spheres of influence protect the cores of the companies, project their power outwards, weaken the rivals and prepare for the future moves. JM Marketing Business consultancy Company has the sphere of influence in the provision of alternative ways of ensuring comprehension in class. JM Marketing will therefore be a market leader hence any rival’s product sales and price will depend on JM Marketing decisions that will be a market leader.…

    • 557 Words
    • 2 Pages
    Good Essays
  • Best Essays

    Leadership Case Study

    • 3373 Words
    • 11 Pages

    Leadership went through a long evolution process. From the innate leadership to acquired traits, Leadership has always been a process which competes for others' help and support and achieves a common goal (Martin M. Chemers 1997). Leadership decided to enterprise size, strength, success or failure. To a certain extent, it is the most important factors leading to the success or failure of the enterprise, the more power of the leadership, the higher level of the enterprise (JunHao Chen 2011).…

    • 3373 Words
    • 11 Pages
    Best Essays
  • Satisfactory Essays

    entreprenuel leadership

    • 301 Words
    • 2 Pages

    Business or corporate ethics are a set of norms, rules and principles of what peoplegenerally consider right in a workplace environment. It can also be referred to as a guideline of what actions are considered ethical and moral in a business environment. All businesses shouldapply business ethics principles in the workplace not only to promote a healthy and professionalenvironment but also to improve and sustain a better image of the company in general public. Acompany or business must consider several factors to ensure ethical practices are applied in allaspects of the business. Ethics is referred to the phenomenon or action which people normallyconsider right and moral and one which does not have any immoral or deceiving impacts on thestakeholders of a company and social environment a company operates in (Ferrell, Fraedrich, &Ferrell, 2000 pp. 2-25). If a business does not implement effective ethical practices it may facevarious risks such as fines, image deterioration and loss of business. Some unethical issues arealso considered unlawful which may subsequently result in major losses for the company andheavy penalties, fines and punishments being levied by regulatory bodies or government. The people working in organizations also face several problems while fulfilling their jobrequirements. In most cases people get confused about what decisions to make which areacceptable and ethical to all entities and individuals affected by the decision. Several companieshave faced ethical issues in the context of doing business and most of these companies wereinvolved in unethical accounting and business practices and one of the biggest examples of corporate scandals involving unethical issues was the case of Enron. In this case several keyemployees of the company and external auditors of the company were involved in unethical practices in business which eventually resulted in huge losses for shareholders and…

    • 301 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Randell, G. (2008). The core of leadership. Business Leadership Review V:III . London, England: Association of MBA’s.…

    • 7411 Words
    • 30 Pages
    Powerful Essays
  • Powerful Essays

    Introduction of Workplace diversity is a people issue, focused on the differences and similarities that people bring to an organization. It is usually defined broadly to include dimensions beyond those specified legally in equal opportunity and affirmative action non-discrimination statutes. Diversity is often interpreted to include dimensions which influence the identities and perspectives that people bring, such as profession, education, parental status and geographic location.…

    • 3540 Words
    • 15 Pages
    Powerful Essays
  • Powerful Essays

    Essays

    • 1150 Words
    • 5 Pages

    6. To what extent can the leadership qualities of a successful entrepreneur be defined, studied and then applied in leadership training programmes? 7. Discuss the role of "new media" in the promotion of films. Evaluate how effective these marketing strategies are.…

    • 1150 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Ratan

    • 3212 Words
    • 13 Pages

    Entrepreneurship is at the root of business. Some entrepreneurs become so successful that their companies last long for 4-5 generations (and beyond), while some last for their generation. And many fail few years after taking off. Is there an equivalent of Level-5 Leadership (as propounded by Jim Collins) in entrepreneurship? No answers yet, though. IBSCDC’s case studies on entrepreneurship cover various topics connected with entrepreneurship – business models, business plans, entrepreneurial finance, founder-succession, social entrepreneurship, etc. The case studies enlisted here trigger your intuitive reasoning and question established wisdom. Come and explore what it takes to script a successful entrepreneurial venture. Read the interviews with experts that can enrich your learning from the case studies. View the videos on some highly successful entrepreneurs.…

    • 3212 Words
    • 13 Pages
    Powerful Essays
  • Good Essays

    I felt lucky and privileged the day my superior , Mr. Robert E. Tongcua then VP for Mindanao informed me that I qualified for the Pepsi Cola Products Philippines Inc ( PCPPI ) Executive Development Program and that I will be going to Manila to study my Masters Degree. He told me that the best part of it is that PCPPI will shoulder the expenses with no contract or retention papers signed. I was further moved when Sir Bobby Goce – director of Pepsi University talked to me and discussed about this opportunity .PCPPI was for real - I was going to Ateneo de Manila Graduate School to be part of this Masters of Business Administration ( MBA ) Program.…

    • 1040 Words
    • 5 Pages
    Good Essays