Date post: | 13-Jan-2017 |
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ENTERPRENEURSHIP AND LEADERSHIP
PREPARED BY:ARUSHI ARORASKUAST - JAMMU
TRUE LEADERS DON’T CREATE FOLLOWERS….THEY CREATE MORE LEADERS!!!
Leaders may be political who lead the nation using policies
Leaders may be motivational who lead the nation by their thoughts
Leaders may be entrepreneurs who lead the universe by their actions
LEADER• Leader is a person who has been spontaneously considered
or chosen as being influential. - Dahama & Bhatnagar• Leader is the servant of the group. The position of leader is
an essential mechanism of effective group organization. - Sanderson
• Leaders are persons who are selected by the people because of their special interest or fitness to work on several phases of the local programmes. - J. S. Gang
• A leader is one who, in a social situation, can elicit (stimulate) positive reaction from other members of the group. - B.M.Stogdill
ENTERPRENEUR
• Individual who organizes or operates a business or businesses.
• He brings in overall change through, innovation- for the maximum social good.
• Human values remain sacred and inspire him to serve society.
• He has firm belief in social betterment and he carries out this responsibility with conviction.
• He accelerates personal, economic as well as human- development.
QUALITIES OF A ENTERPRENIURIAL LEADER
always opened to the possibility of change
assist employees to
organize themselves
act as a role model for employees
Expert in human relations & technical field
Father figureExecutive &
Flexible
LEADERSHIP• According to Niderfrank (1966) leadership is essential in simply
influencing attitudes and actions of one or more persons leading towards the achievement or so purpose.
• Lester (1975) defines leadership as the resource that an individual or group USI to enable the organization to do what it needs, should or wants to do.
• According to Davis (1977) "Leadership is the ability to persuade others to seek defined objectives enthusiastically".
• Dahama and Bhatnagar (1985), leadership is the process who in any social situation with his ideas and actions influence the thoughts and behaviour of other Leadership are the process of influencing the thoughts and behaviour of others towards goal setting and goal achievement
TYPES OF ENTREPRENEURIAL LEADERSHIP
Laissez-Faire leadershipA laissez-faire leader lacks direct supervision of
employees and fails to provide regular feedback to those under his supervision. Highly experienced and trained employees requiring little supervision fall under the laissez-faire leadership style.
Autocratic leadership
The autocratic leadership style allows managers to make decisions alone without the input of others. Managers possess total authority and impose their will on employees. No one challenges the decisions of autocratic leaders
Participative leadership
• Democratic leadership style• Participative leadership values the input of
team members and peers, but the responsibility of making the final decision rests with the participative leader.
• Participative leadership boosts employee morale because employees make contributions to the decision-making process.
Transactional leadership
• Managers using the transactional leadership style receive certain tasks to perform and provide rewards or punishments to team members based on performance results.
• The manager possesses power to review results and train or correct employees when team members fail to meet goals.
• Employees receive rewards, such as bonuses, when they accomplish goals.
Transformational leadership
• The transformational leadership style depends on high levels of communication from management to meet goals. Leaders motivate employees and enhance productivity and efficiency through communication and high visibility.
• Leaders focus on the big picture within an organization and delegate smaller tasks to the team to accomplish goals.
• AN ENTREPRENEUR CAN USE A COMBINATION OF ALL THESE TYPES BUT MORE TRANSFORMATIONAL TYPE TO RUN AN ENTERPRISE SUCESSFULLY….
ENTERPRENEURSHIP AND LEADERSHIP
• Leadership in Entrepreneurship can be defined as "process of social influence in which one person can enlist the aid and support of others in the accomplishment of a common tasking "one who undertakes innovations, finance and business acumen in an effort to transform innovations into economic goods".
• An entrepreneur typically has a mindset that seeks out potential opportunities during uncertain times. This leads us to see that an entrepreneur must have leadership skills or qualities in order to see potential opportunities and act upon them.
• An entrepreneur, at the core, is a decision maker. Such decisions often have an impact on an organization as a whole, which is representative of their leadership amongst the organization.
SIMILARITIES BETWEEN LEADER AND ENTREPRENEUR
INNOVATIVE
DO RIGHT THINGS
INSTEAD OF DOING
THINGS RIGHT
CHALLENGE WHOLE QUO
DEVELOP AN ENTERPRISE
OR AN ORGANIZATI
ON
INSPIRING PERSONALITIE
S
Entrepreneur Manager Leader
Innovates Administers Innovates
Creates Maintains Develops
Sees opportunities
See problems Sees the future
Asks how and when
Asks how and when
Asks what and why
Makes it happen Does things right
Uses influence
Builds the team Relies on control Inspires trust
“GREAT LEADERS DON’T TELL YOU WHAT TO DO,,,
THEY SHOW YOU HOW ITS DONE”
REFRENCES
• http://www.forbes.com/sites/startupviews/2012/06/08/5-essential-qualities-for-entrepreneurial-leadership/
• http://en.wikipedia.org/wiki/Leadership_in_Entrepreneurship
• https://www.usc.edu/dept/education/cegov/focus/leadership/publications/books-chapters/The%20Essentials%20of%20School%20Leadership.pdf