Entrepreneurial Leadership
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Entrepreneurial Leadership
Question 1: 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.
Entrepreneurial leaders help develop and sustain organizational culture. They are risk takers, favor change and innovation to gain a competitive advantage. James Kouzes explains that leadership is not a just a position. He highlights five practices of leadership. First practice is “model the way” leaders need to be the example, set the foundation of leadership. If people do not believe in the leader personally they will not believe the leaders message. Second practice “inspire a shared vision”, leaders are forwarding looking and envision what the organization can become. Third practice, “challenge the process” leaders should be asking themselves “what have I done this week to help improve what I will do next week?” Leaders need to continue to learn and grow. Fourth practice, “enable others to act”, leaders should focus on what the team or an individual needs and find ways to motivate and help them build those skills. Fifth practice, “encourage the heart”, leaders need to be able to celebrate milestones, praise others for work accomplished. Simply say “Thank You” (Kouzes, 2008).
Steve Case, former CEO and Chairmen of AOL, talks about the three P’s: people, passion, and perseverance. People focus on what’s important, they have the passion to keep improving and they persevere through the hard times. Leaders need to have a vision and focus on taking the vision and turning it into a success. Case says “Vision without execution is hallucination” (Case, 2010).
According to Peter Drucker, there are several aspects for entrepreneurial strategies. “Being fustest with the mostest, leaders aim at market domination through innovation. This...
Question 1: 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.
Entrepreneurial leaders help develop and sustain organizational culture. They are risk takers, favor change and innovation to gain a competitive advantage. James Kouzes explains that leadership is not a just a position. He highlights five practices of leadership. First practice is “model the way” leaders need to be the example, set the foundation of leadership. If people do not believe in the leader personally they will not believe the leaders message. Second practice “inspire a shared vision”, leaders are forwarding looking and envision what the organization can become. Third practice, “challenge the process” leaders should be asking themselves “what have I done this week to help improve what I will do next week?” Leaders need to continue to learn and grow. Fourth practice, “enable others to act”, leaders should focus on what the team or an individual needs and find ways to motivate and help them build those skills. Fifth practice, “encourage the heart”, leaders need to be able to celebrate milestones, praise others for work accomplished. Simply say “Thank You” (Kouzes, 2008).
Steve Case, former CEO and Chairmen of AOL, talks about the three P’s: people, passion, and perseverance. People focus on what’s important, they have the passion to keep improving and they persevere through the hard times. Leaders need to have a vision and focus on taking the vision and turning it into a success. Case says “Vision without execution is hallucination” (Case, 2010).
According to Peter Drucker, there are several aspects for entrepreneurial strategies. “Being fustest with the mostest, leaders aim at market domination through innovation. This...