Entrepreneurial Leadership of the Many Theories and Essay

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Entrepreneurial Leadership

Of the many theories and frameworks of entrepreneurial leadership, those from Jim Kouzes and Peter Drucker have over time proven most applicable to a broad range of situations and leadership challenges. Noted entrepreneurs including Steve Case, co-founder and CEO of America Online has often said that the key to succeeding as an entrepreneur is combining the best possible people, being passionate about a vision, and having a strong sense of perseverance (Gendron, 2004). Clearly, Dr. Kouzes and Peter Drucker have influenced Steve Cases' mindset about what it takes to succeed when launching a new business. The common elements of Steve Case, Jim Kouzes and Peter Drucker are analyzed in this paper, as is a discussion of the leadership style aspired to. An assessment of how best to use the Small Business Administration and SCORE services is also discussed in this analysis. Finally, my personal principles of leadership are defined at the end of this work.

Common Elements of Entrepreneurial Leadership

The most prevalent common trait of entrepreneurial leaders is the ability to transform organizations and create significant commitment, energy, enthusiasm and intensity of effort towards a common goal. This transformational leadership element is prevalent throughout the findings from Kouzes (1999), Drucker (1985) and the current research into the most valuable attributes of entrepreneurs (Kuratko, 2007).

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Transformational leaders have the ability to provide each member of an organization with a very clear understanding of how their efforts and focus will benefit the company over the long-term, providing a very strong motivator in the process to continually contributing more to the shared goal. This aspect of being able to gain the commitment, enthusiasm and effort of team members is only possible when a leader has gained the trust of their employees (Darling, Leffel, 2010). Trust only comes over time, when a leader chooses to be authentic, transparent and self-sacrificing in the attainment of a complex goal, as these attributes the heart of leadership (Kouzes, 1999). The concept of a leader being able to combine the people, passion for a shared goal, and have the perseverance to attain the long-term objectives is also central to Drucker's view of leadership, as evidenced by Steve Case endorsing these values in his many lectures and discussions on entrepreneurship (Gendron, 2004). The world's leading theorists of entrepreneurial leadership ascribe to the concept of authenticity, transparency and trust being the cornerstones of effective transformational leadership in creating and leading new companies (Darling, Leffel, 2010) (Drucker, 1985) (Kouzes, 1999).

Assessing My Leadership Style

In aspiring to be an entrepreneur, the goal of creating an effective.....

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