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    Entrepreneurial Leadership 3

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    Vishan Yujin Wang
    Entrepreneurial leadership is important for accelerating organizational goals and enhancing performance. Leadership must be embedded within the organizational context and mission. The leader creates a strategic plan to achieve the mission through entrepreneurial acts. Entrepreneurial leaders have characteristics like a passionate vision and the ability to motivate others through that vision. They mobilize resources to create value for society. Transformational leaders can become entrepreneurial leaders. Entrepreneurial leaders require traits like locus of control, drive to create change, passion, and perseverance. The key differences between managers and entrepreneurs are their time orientation, risk tolerance, and goals. Vision, problem-solving, decision-making, risk-taking, and strategic initiatives are common to

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    Entrepreneurial Leadership 3

    Uploaded by

    Vishan Yujin Wang
    65 views4 pages
    Entrepreneurial leadership is important for accelerating organizational goals and enhancing performance. Leadership must be embedded within the organizational context and mission. The leader creates a strategic plan to achieve the mission through entrepreneurial acts. Entrepreneurial leaders have characteristics like a passionate vision and the ability to motivate others through that vision. They mobilize resources to create value for society. Transformational leaders can become entrepreneurial leaders. Entrepreneurial leaders require traits like locus of control, drive to create change, passion, and perseverance. The key differences between managers and entrepreneurs are their time orientation, risk tolerance, and goals. Vision, problem-solving, decision-making, risk-taking, and strategic initiatives are common to

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    Entrepreneurial leadership is important for accelerating organizational goals and enhancing performance. Leadership must be embedded within the organizational context and mission. The leader creates a strategic plan to achieve the mission through entrepreneurial acts. Entrepreneurial leaders have characteristics like a passionate vision and the ability to motivate others through that vision. They mobilize resources to create value for society. Transformational leaders can become entrepreneurial leaders. Entrepreneurial leaders require traits like locus of control, drive to create change, passion, and perseverance. The key differences between managers and entrepreneurs are their time orientation, risk tolerance, and goals. Vision, problem-solving, decision-making, risk-taking, and strategic initiatives are common to

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    65 views4 pages

    Entrepreneurial Leadership 3

    Uploaded by

    Vishan Yujin Wang
    Entrepreneurial leadership is important for accelerating organizational goals and enhancing performance. Leadership must be embedded within the organizational context and mission. The leader creates a strategic plan to achieve the mission through entrepreneurial acts. Entrepreneurial leaders have characteristics like a passionate vision and the ability to motivate others through that vision. They mobilize resources to create value for society. Transformational leaders can become entrepreneurial leaders. Entrepreneurial leaders require traits like locus of control, drive to create change, passion, and perseverance. The key differences between managers and entrepreneurs are their time orientation, risk tolerance, and goals. Vision, problem-solving, decision-making, risk-taking, and strategic initiatives are common to

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    of 4

    3/5/2014

    Importance of Entrepreneurial
    leadership

    Entrepreneurial Leadership

    Entrepreneurial leadership will accelerate


    achievement of organizational goals,
    enhance organizational performance

    Leadership and Context


    Leadership has meaning in a visioning, creative and
    organizing context
    The organizational context must be embedded in the
    mission and mandate implicitly or explicitly.
    The leader creates and implements the strategic plan
    as a means to achieve the mission and purposes set
    out for the organization.
    The leader through a set of entrepreneurial acts seek
    to achieve objectives intended to realize the mission
    and mandate

    Leadership Types
    Leadership Type

    Organization Level

    Leaders and Entrepreneurs


    Entrepreneurs must have certain leadership
    characteristics, such as:
    A passionate faith and belief in the vision of the
    product or service idea of the organization or agency
    The capability to give direction and to motivate
    others through his/her vision
    The capacity to mobilize resources and apply
    knowledge to the transformation of those resources
    into goods and services that provide the greatest
    benefits to society.
    A sense of social justice

    Differences in Leadership Types


    Function

    Difference in Leadership Styles


    Transactional

    Technical

    1st

    Level Supervisor

    Fix it

    Transactional

    Middle Management

    Motivate it (behavioral)

    Transformational

    Senior Managers

    Create it or Change it

    Entrepreneurial

    Senior Managers

    Create it or Change it

    Focus

    Approach

    Transformational

    Entrepreneurial

    Day-to-day
    activities

    Organization
    Change

    Development
    of tasks

    Immediate
    payback

    stake in the ground


    Creative rearrangement

    Investment

    Committed

    Communications

    As

    investment

    Symbolic

    Opportunity
    Building/creating
    moving stake
    Creative destruction then
    rearrangement

    Staged investment

    Intimate, personal

    Medium term, exit strategy

    conditions
    demand
    Strategy

    Situational
    analysis

    Long term, stay the


    course

    3/5/2014

    Transformational and Entrepreneurial


    Leadership

    Corporate Entrepreneurial Leadership


    Dedication and
    availability to listen and
    give consultation, help
    Momentum for new
    projects
    Futuristic vision
    Rallies others efforts to
    meet challenges
    Foster innovative
    culture

    Transformational leaders and entrepreneurial leaders are


    linked in leadership qualities:
    passion
    vision
    stubbornness

    Transformational leadership may become entrepreneurial


    leaders
    Transformational leaders productively co-exist with
    entrepreneurial leaders, particularly in corporate
    environments

    Entrepreneurial leader traits


    Leading like an entrepreneur requires:

    locus of control
    Tolerance
    Willingness to hire people smarter than oneself
    Consistent drive to create,/change
    Passion for an opportunity, Sense of urgency
    Perseverance
    Resilience
    Optimism

    Manager Vs Entrepreneur
    Manager
    TENDS TO BE SHORT-TERM ORIENTED
    Focus Period TOWARDS ACCOUNTING PERIODS

    Risk
    Goals

    General leadership, by another widely cited definition,


    Consists of strategic vision coupled with the ability to influence and
    motivate others through the systems, processes and culture of an
    organization (Kotter, 1990).

    Entrepreneur
    TENDS TO BE LONG-TERM PROBLEM ORIENTED

    LOW RISKTAKER, TRIES TO AVOID


    HIGHER RISKTAKER, TRIES TO LEARN FROM
    MAKING MISTAKES
    MISTAKES MADE
    EXTERNAL
    STANDARDS, ORIENTED
    TOWARDS REWARDS AND PUNISHMENTS INTERNAL STANDARDS, REWARDS HIMSELF OR
    IN THE ORGANIZATION
    HERSELF

    Characteristics-common to both
    leaders and entrepreneurs

    Entrepreneur Vs Leader
    According to one widely cited definition,
    General entrepreneurship is the pursuit of opportunity beyond the
    resources one currently controls (Stevenson and Gumpert, 1985).

    Overcomes bureaucracy
    Displays enthusiasm
    Changes course quickly
    when needed
    Encourages peer and
    other initiatives
    Inspires others to
    pursue own ideas
    Reward and recognize ,
    Motivate

    Vision
    Problem-solving
    Decision-making
    Risk-taking,
    Strategic initiatives.

    Entrepreneurial leadership to be a fusion of these two


    constructs: Having and communicating the vision to engage teams
    to identify, develop and take advantage of opportunity in order to
    gain competitive advantage.

    3/5/2014

    Entrepreneurial Leadership

    Entrepreneurial Leadership
    Three characteristics

    Launching a new venture requires a


    special kind of leadership

    Vision
    Dedication and drive
    Commitment to
    excellence

    Courage
    Belief in ones convictions
    Energy to work hard

    8-13

    Entrepreneurial Leadership

    8-14

    Entrepreneurial Leadership

    Vision may be entrepreneurs most


    important asset

    Dedication and drive are reflected in hard


    work

    Ability to envision realities that do not yet exist


    Exercise a kind of transformational leadership
    Able to share with others

    Patience
    Stamina
    Willingness to work long hours
    Internal motivation
    Intellectual commitment to the enterprise
    Strong enthusiasm for work and life

    8-15

    8-16

    Five essential qualities of an


    Entrepreneurial leaders

    Entrepreneurial Leadership

    Vision and dissatisfaction with the present.


    Knowing and taking advantage of your unfair
    advantages.
    The ability to get people on board and add to
    the vision
    Flexibility to adapt, openness to feedback, and
    the ability to learn
    Persistence and execution

    To achieve excellence, entrepreneurs


    must
    Know the customer
    Provide quality products and services
    Pay attention to details
    Continuously learn
    Surround themselves with good people

    8-17

    Source : Forbes.com

    3/5/2014

    Social Entrepreneur
    Entrepreneur who work towards community
    or social benefits, not just a profit motive. A
    social entrepreneur recognizes a social
    problem and uses entrepreneurial principles
    to organize, create and manage a venture to
    achieve social change

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