Tamia Sessoms Hopkins
Dr. Prakash G. Menon
BUS508 The Business Enterprise
April 24, 2011
Entrepreneurial Leadership 2
It takes the right leadership to inspire a team and an organization. Having a successful business depends on having a great leader who can provide guidance. This paper will discuss the hybrid/philosophy I created including the new definition of entrepreneurial leaderhsip presented in Understanding Entreprenuerial Leadership in today’s Dyanamic Market. I will also describe what type of leaders thrives in organizations. I will then evaluate the Small Business Administration and SCORE and explain which ...view middle of the document...
This will increase productivity, increase innovation from the employee level and allow the business to continue to evolve with technology changes through ideas from the employees. Another trait that will be needed to be successful is the ability to think outside of the box and not be afraid to be a risk taker and implement a process that hasn’t been attempted before and run it through an incubator to test it before releasing it to full production or in service. Finally, in order for continous improvement to happen we as entrepreneurial leaders have to be able to see where we are going and we can’t accomplish this without seeing past the current project, product line or current system. We have to have the vision for success tomorrow and this happens through building the right team and investing in it.
Transactional, Transformational and Authentic Leaders 4
As far as a transactional leader is concerned they will do well in a result driven environment with an established standard set in place. They will also do well where the team understands the accoutability factor for not meeting their set expectation, but also being rewarded for meeting or exceeding the established expectation. The transactional leader thrives on being able to use the accountability and reward system as a driver to complete the goal of the department or facility. If communicated correctly, the transactional leader can be very successful by ensuring that there is a balance between accountability and rewards, as well as holding everyone to the same standard across the facility. The transactional leader would not do well in a union environment because the standards are negotiated at the beginning of the contract and the rules are already set in black and white. The employee hand book identifies the consequence of completeing the goal set fourth by the company and the union. On the other hand, transformational leader will do well in an IT or project oriented environment where almost everyone works independently of one another. This allows the transformational leader to communicate the expectation and empower each employee to do their part to bring the project together and complete it on time with minimal supervision. Now, the transformational leader won’t do well in an environment where the operation has to monitor step by step or even stepping in an assissting at some points with little or no opportunity to empower the employee’s. Finally, I would like to discuss authentic leadership and the best fit environment for it to be successful. Authentic leadership would work well in an environment that will allow the leader to pour all of his heart and sole into something he believes in, so the best fit would be a non-for profit organization. This will allow this leader to accomplish a goal that will impact other human
beings lives. The authentic leader will not be a good fit in an organization that are producing goods or providing services for...