Entrepreneurial Leadership
Dorothy M. Oliver
Professor Marietta Lewis
Contemporary Business 508
January 23, 2012

Abstract

Entrepreneurial Leadership
Introduction (5 or 6 sentences)
Profit-Oriented Entrepreneurial Martha Stewart, born Martha Kostyra, by all accounts is now living the American dream. Born to a middle class family and is now rich and successful. In 1997, she created Martha Stewart Living Omnimedia (MSLO). Omnimedia includes many of her ideas and projects. She can be found on tv, radio, in print, and of course the web. Martha Stewart has an autocratic leadership style. It’s the style in which she dictates exactly what her employees are to do and how they do it. She pays great attention to minute details and is known to be very demanding. Some might say, she rules with a no nonsense attitude. Top business leaders like Martha Stewart are known for five major business principles. The first business principle is to pursue your purpose with passion. Martha’s life is centered on MSLO. The second principle is to practice solid values. Her company is about quality products for an improved lifestyle at great value. The third principle is to lead with your heart as well as your head. Martha view people as a commodity. The fourth principle is to establish connected relationships. She remained loyal to Kmart ant even helped them emerge from Chapter 11. The fifth principle is to demonstrate self-discipline. Martha has an unwavering focus on her products and consumer demands.
Social-Oriented Entrepreneurial Muhammad Yunus was born on June 28, 1940 in the village of Nathua, in Hathzari, Chittagong. His biggest influence was his mother, Sufia Khatun, who always helped any poor that knocked on the door. This inspired him to commit himself to eradication of poverty in which led to the establishment of Grameen Bank. The word Grameen stands for village which is named after the rural Bangladesh Village of Jobra. Yunus established the bank by lending his own money to micro businesses to assist with the high interest rates. The bank focuses on women burrowers, dispensing of the requirement of collateral, and extends loans on to the poorest burrowers. In fact, to qualify for a loan for the Grameen Bank, a villager must demonstrate that her family owns less than one half acre of land. Yunus is a visionary leader. Visionary leadership style focuses on how the leader defines the future for followers and moves them toward it. There are three major principles of visionary leadership. The first principle consists of constructing a vision, creating an ideal image of the organization, and its culture. The second involves defining an organizational philosophy that succinctly states the vision and developing programs and policies that pith the philosophy in practice within the organizations unique context and culture. The third principle centers on the leaders own practices, the specific actions in which leaders engage on a one-to-one basis in order to create and support their visions. The fourth principle is displaying respect for self and others. This quality is what set Yunus apart from most leaders. He not address the overwhelming issue of poverty but is empowering and aiding others to become leaders in the community. Muhammad believes that poverty can totally be conquered in his lifetime. This viewpoint is based on his belief that the inherent ability of the poor can be unleashed once they are given the opportunity to help themselves.
Leadership Style The leadership style that best fit me between autocratic and visionary leadership is visionary. Visionary leadership is not traditional. As a visionary leadership, when I see an issue that needs to be address, I identify problem and create solutions to solve the problem.

The three resources that I can identify through the Small Business Administration are micro loans, active capitol, set-aside programs, and information and advice. The first resource, micro loans. Micro loans are the most frequent supplier of credit to small businesses. For example, banks provide micro loans for customers to build credit. Active capitol allow entrepreneurial to post information about their business on its website. This allows other potential investors to read about the company and make an investment. It is a good source of exchange of information. Set aside programs are contracts given to small businesses from the government. The SBA assist with businesses to secure contracts. The majority of the contracts go to women (i.e., 5%). Information and advice provides information through a toll free telephone numbers and its website. Individuals can learn how start, finance, manage, and find other businesses opportunities. It also provide educational resources.
Conclusion

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