Entrepreneurial Leadership in the 21st Century

In: Business and Management

Submitted By hamma21
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Entrepreneurial Leadership in the 21st Century

A Hybrid Theory/Philosophy of Entrepreneurial Leadership

With changes in society’s, economies, and the widespread growth of technology, entrepreneurship and leadership have both grown to take on many different definitions over the past century. Economists and behaviorists have conducted numerous studies and researches over the past fifteen years, and new definitions of entrepreneurial leadership have been formed. They include characteristics such as; innovators, risk takers, transformational, visionaries, problem solvers; and having the ability to operate in dynamic markets.
While the aforementioned characteristics of entrepreneurial leaders have been agreed upon by many, I believe that it’s the people that have had the biggest effect within the discipline. Case (2010) and Kouzes (2008) both stated how important people are in an entrepreneurship. Their theories spoke of how important it is to align people around the company’s priorities, empowering employees, setting the example at the top, and showing care and concern for the business and its’ people. Because more people are obtaining higher education than ever before and the use of information technology provides for instant research and quicker patents, I believe that the people will continue to drive the changes in entrepreneurial leadership. We are the most important resource in any organization.

Defining Leaders

An organization’s development can depend on what levels of leadership are present and how they are administered. Transactional leadership involves leaders that have exchanged benefits with subordinates where they provide rewards for expected efforts and use punishment to help reach goals. A good organization where this quality would thrive would be an accounting firm where salary is largely depended on accounting practices accuracy. This…...

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