8/9/2016

Chapter 3 Learning Objectives

• To understand the significance of entrepreneurial leadership in

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Copyright © 2012 Dorling Kindersley (India) Pvt. Ltd.

entrepreneurship success.
Entrepreneurial Leadership • To understand and apply the concept of entrepreneurial
leadership.
• To get an insight about key dimensions of entrepreneurial
leadership.
• To understand and identify the differences between leader and a
manager.
• To understand the meaning and relevance of dynamic leaders in
success of a venture.
• To know the characteristics of principle-centered leaders and their
relevance to develop sustainable ventures.

Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar

Traits of Best Companies Entrepreneurial Leadership—Key to

Business Success

• Innovation
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• Strong leadership
• Focus on customer service
• Clear vision for the future Entrepreneurial Successful
Good Idea
Leadership Venture

Secret of their performance even in bad times lies in their

leaders who effectively leverage technology and innovation
to enhance productivity through team building. • Success of venture depends much upon the person and team
behind a venture more than the idea per se.
• World’s best companies shows that even when stock markets are
down, smart companies can be on the way up.

Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar

Key Dimensions of Entrepreneurial Difference Between Managers and Leaders

Leadership

Managers Leaders
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Copyright © 2012 Dorling Kindersley (India) Pvt. Ltd.

Vision
• Strategic and tactical plans • Clear vision and goals
Customer
• Gather needed resources • Find and motivate people
Care and
Attitude Innovation
Concern • Set goals, tasks, priorities • Set mission
• Manager motivates • Inspire others to the cause
Entrepreneurial
Leadership • Manager has subordinates • Leaders has followers
• Manager is a boss • Leader is guide
Winning
Initiative
• Manager controls • Leader empowers
Team Attitude
• Measure progress toward • Great communicators
goals
Responsibility

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Managers’ Characteristics Leaders’ Characteristics

Measure
Progresses
Inspire
Toward
Others
Goals Manager Clear
Great

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Copyright © 2012 Dorling Kindersley (India) Pvt. Ltd.

Has Vision
Subordinates Controls Commun
and
icators
Goals

Gather
Needed Managers Manager
Resources
is a Boss Leader
is Guide Leaders Set
Mission

Set Goals,
Manager
Tasks,
Motivates Strategic Find and
Priorities
and Empowers Motivate
Tactical People
Has
Plans Follower
s

• Managers emphasize rationality and control, are problem solver,

persistent, tough-minded, hardworking, intelligent, analytical, • Entrepreneurial leaders have a vision, speed and ingenuity
tolerant and have goodwill toward others. coupled with values to be able to respond with conscience to
global standards and emerging business challenges
Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar

Importance of Leadership for Venture Corporate Leaders to Respond to Business

Success Environment Challenges
Global Business
Standard and
• “The truth is that no one factor makes a company admirable”, Challenges
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Copyright © 2012 Dorling Kindersley (India) Pvt. Ltd.

wrote Thomas Stewart, “but if you were forced to pick the one
Indian Ethos
that makes the most difference, you’d pick leadership”.
Vision,
Speed
and
• In Warren Buffets phrase “People are voting for the artist and not Ingenuity

the painting”
Corporate
Leaders

Survive Grow Develop

Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar

Ingredients of Dynamic Leadership to Characteristics of Principle-centered

Translate Dreams into Reality Leaders
Service Continually
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Copyright © 2012 Dorling Kindersley (India) Pvt. Ltd.

Oriented Learning
Trust
Radiate Before
Positive Allocation
Energy of
Resources

Lead Exercise
Vision, Balanced
Lives
for Self-
Renewal
Dream Strategy, Reality
Execution

Principle
Business Challenges of Growth & Adversity See Life as
an Centered
Are
Synergistic
Adventure Leaders

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Entrepreneurial Leadership—Behavioural Components of Entrepreneurial Leadership

Characteristics

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Determining the
Firm’s Purpose
Achievement or Vision

Emphasizing Developing
Organizational Ethical Human
Innovation Practices Capital
Growth
Components of
Entrepreneurial entrepreneurial
Leadership
Leadership

Establishing Sustaining
Balanced an Effective
Leadership Action Organizational Organization
Controls al Culture

Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar Entrepreneurship: Creating and Leading an Entrepreneuria l Organization Author: Arya Kumar