BUS 508 Assignment 1 Entreprenerial Leadership

BUS 508 Assignment 1 Entreprenerial Leadership - Running...

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Running head: ENREPRENERIAL LEADERSHIP 1 Entrepreneurial Leaders Tamekia L. Johnson Dr. Frederick Onwosu Strayer University BUS 508 Contemporary Business July 13, 2011
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2 ENTREPRENERIAL LEADERSHIP Abstract The purpose of this paper is to discuss the common elements in the theories/ philosophies of Steve Case, James Kouzes, and Peter Drucker on entrepreneurial leadership compared to the new definition according to the arguments presented in Understanding Entrepreneurial Leadership in Today’s Dynamic Markets. The paper will describe what type of organization a transactional, transformational, and authentic leader would thrive in the most and least work place. In addition, it will discuss how the tools and resources provided by the Small Business Administration and SCORE. Lastly it will briefly list leaderships that would apply to the greatest number of businesses.
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3 ENTREPRENERIAL LEADERSHIP Leading people effectively is a tremendous challenge, a great opportunity, and a serious responsibility. Today’s organizations need effective leaders who understand the complexities of our ever changing global environment. These leaders are people who have the intelligence, sensitivity, and ability to empathize with others. A leader is one who can motivate their followers to strive for excellence. Leadership is the process of developing ideas and a vision, living by values that support those ideas and that vision, influencing others to embrace them in their own behaviors, and making hard decisions about human and other resources, (Hellriegel and Slocum 2011). Create a hybrid theory/philosophy which combines the common elements found in the thinking of Case, Kouzes, and Drucker. Include new definition of entrepreneurial leader In Case, Kouzes and Drucker, each acknowledges that in order to build a successful business, a good strategy plan is vital. The common elements described are vision, creativity, communication, people, perservance, passion, enabling others to act, encouraging the heart, persistence, and creativity. The first common element is vision. Entrepreneurs begin with a vision, an idea for how to make their business idea a success and then they passionately pursue it. As stated in Entrepreneurial Strategies, Drucker states, “the two young engineers who started the Apple
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This note was uploaded on 08/28/2011 for the course BUS 508 taught by Professor Akpan during the Spring '10 term at Strayer.

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BUS 508 Assignment 1 Entreprenerial Leadership - Running...

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