leadership enterpreneurship and
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ENTERPRENEURSHIP AND LEADERSHIPPREPARED BY:ARUSHI ARORASKUAST - JAMMU
TRUE LEADERS DONT 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
LEADERLeader is a person who has been spontaneously considered or chosen as being influential. - Dahama & BhatnagarLeader is the servant of the group. The position of leader is an essential mechanism of effective group organization. - SandersonLeaders 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. GangA leader is one who, in a social situation, can elicit (stimulate) positive reaction from other members of the group. - B.M.Stogdill
ENTERPRENEURIndividual 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 changeassist employees to organize themselvesact as a role model for employeesExpert in human relations & technical fieldFather figureExecutive & Flexible
LEADERSHIPAccording 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 LEADERSHIPLaissez-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.
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
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.
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.
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 LEADERSHIPLeadership 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
INNOVATIVEDO RIGHT THINGS INSTEAD OF DOING THINGS RIGHTCHALLENGE WHOLE QUODEVELOP AN ENTERPRISE OR AN ORGANIZATIONINSPIRING PERSONALITIES
EntrepreneurManagerLeaderInnovatesAdministersInnovatesCreatesMaintainsDevelopsSees opportunitiesSee problemsSees the futureAsks how and whenAsks how and whenAsks what and whyMakes it happenDoes things rightUses influenceBuilds the teamRelies on controlInspires trust
GREAT LEADERS DONT TELL YOU WHAT TO DO,,, THEY SHOW YOU HOW ITS DONE