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Entrepreneurial And Leadership Essay

1308 words - 6 pages

Making a profit is the cornerstone to all business ventures started. Business is defined as “all profit-seeking activates and enterprises that provide goods and services necessary to an economic system.” (Boone & Kurtz, 2011) The majority of people entering the business world are looking to gain profits, and rewards for their physical and intellectual labor. Developing ones leadership style is key in starting any business; choosing the wrong style one can stunt the growth of their business.

“Leadership styles are not something to be tried on like so many suits, to see which fits. Rather, they should be adapted to the particular demands of the situation, the particular requirements of the ...view middle of the document...

This product development schedule kept Apple on the cutting edge of technology, and in the black.
Jobs was a well known Autocratic leader, demanding perfection from his subordinates, and being extremely controlling with everything produced by Apple Inc. Jobs ran a tight ship, and expected for everyone attitude to model his. He wasn’t known for his consultative or consensus building approach. He was a high maintenance employer who demanded excellence from his staff and was known for his blunt delivery of criticism.
Blake Mycoskie is a dynamic serial entrepreneur, having started multiple businesses from the ground up. After the launch of a successful door to door laundry service aimed at college students, Mycoskie moved his efforts to the creation of an outdoor media company in Nashville Tennessee. A few years, and companies, later while vacationing in South America Mycoskie was devastated by the improvised children who’s feet were infected due to cuts obtained by not having any shoes. This lead to his next business venture TOMS, and the one for one social campaign. For every pair of shoes sold by TOMS, a pair of shoes was given to a child in need in an underdeveloped part of the world. TOMS has since branched off and created Volunteer efforts and “shoe drops” by its subsidiary Friends of TOMS. Mycoskie’s efforts have also grown and TOMS has since developed an eye wear program that provides vision correction surgeries for those in need, with every pair of glasses shown.

Mycoskie wants the world to “Exercise purchasing power as a consumer, volunteer and bring joy to those in need, and share your experiences, tell your stories, and inspire others along the way.” (Mycoskie, 2009) It is this very sentiment, and global awareness that makes Mycoskie a leader in social responsibility. “Social responsibility is management’s acceptance of the obligation to consider profit, consumer satisfaction, and societal well being of equal value in evaluating the firm’s performance.” (Boone & Kurtz, 2011) By creating TOMS as a for profit company Mycoskie is able to ensure that his philanthropy is not dependant on donations, and can be done more than once or twice a year.

With Mycoskie’s global efforts and consistent movement his leadership style falls well into the free-rein leadership. He himself has attributed his style of leadership not only due to his demanding schedule, but his love for travel, and in ability to stay in one place for too long. Mycoskie was quoted as saying “One of the things that is a cornerstone of my business philosophy and leadership is really not to micromanage people. Spend a lot of time making that decision on who to hire. But once you hire them, just let them go.” (Mycoskie, 2008) Building a team that one can trust, allows a leader the freedom to allow free-rein, as shown with Blake Mycoskie.

“Many CSR (corporate social responsibility) efforts are little more than PR campaigns designed to...

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