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Entrepreneurial Leadership

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Entrepreneurial Leadership Bridgett Miller Dr. Gary Shelton BUS 508 July 15, 2011

Entrepreneurial Leadership Question One Entrepreneurship is the leadership style needed for a dynamic market. The market today describes a dynamic market because of its nature to change consistently. The term dynamic means motion, energy, fluidity, and constancy of change in the market. These changes occur in various aspects including technologies, market, global situations, complementary goods and services, networks and alliances, customer groupings, demographic patterns, and financial systems. With all these changes witnessed, it only takes leadership combined with entrepreneurial spirit for there to be success in business. The big role for entrepreneurial leaders is to develop strategies that manage these changes and at the same time exploits the available opportunities. There are several common elements shared among the theories of Case, Kouzes, and Drucker. Steve Case’s philosophy identifies three Ps that would make any entrepreneur successful. These Ps include: people, passion, and perseverance. Kouzes talks of five exemplary practices of leadership. In all these theories, the idea of enabling others to act comes out clearly. A leader is not a leader until everyone under that leadership is inspired to act toward the common goal and vision of that particular organization or business. Entrepreneurial leaders have to develop a web of relationships that pass down the inspiration and vision for the business to all the employees. The specific leadership attributes described by all these theories include one that energizes everyone in the organization by causing them to be initiative, one that models the way for the employees based on

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