Business 508

BUS 508: Business Enterprise

School: Strayer University

Professor: Elile Awa, PhD CTM

Assignment # 1 – “Entrepreneurial Leadership”

Submitted by

Abdul Kamara

April 21, 2011

(1) Create a hybrid theory/philosophy which combines the common elements found in the thinking of Case, Kouzes, and Drucker. In your philosophy, be sure to include the new definition of entrepreneurial leadership presented in Understanding Entrepreneurial Leadership in today’s Dynamic Markets.

The pace and nature of change in today's dynamic market requires new type of leadership.

Thus, based on the thinking of Case, Kouzes, and Drucker an Entrepreneur leadership is a

leadership that is based on the attitude that the leader is self employed who takes initiative, and

act as if they are playing critical role in the organization rather than mostly important one, and

energize his/her people. In other words, an entrepreneur leadership is one that empower employees to act on the vision which they execute through inspiration and develop implementation capacity network through a complex web aligned relationships.

According to Nickels (1999) an entrepreneur leader demonstrates entrepreneurial creativity, search continuously for new opportunity, and pursue them, he/she takes risk, which means they venture into new areas and provide strategic direction and inspiration, take responsibility for the failure of his/her team, learn from these failures and use them as a step to ultimate success and strategic achievement. Entrepreneurial leadership involves instilling the confidence to think, behave, and act with entrepreneurship in the interests of fully realizing the intended purpose of the organization to the beneficial growth of all stakeholders involved. (Nickel, 2010)

Finally, entrepreneurship has long struggled to identify a coherent theoretical and conceptual framework capable of explaining the phenomenon known as “entrepreneurship” and more...