Submitted by: Submitted by

Views: 304

Words: 2047

Pages: 9

Category: Business and Industry

Date Submitted: 08/21/2011 06:11 AM

Report This Essay

Becoming a successful dynamic leader and entrepreneur in today’s world of business requires certain distinguishing characteristics, characteristics that most do not possess. Although most leaders seem to have been born with inherent leadership characteristics, the art of being a successful leader and entrepreneur can be learned. In addition, leadership styles and organizational goals have to be aligned in order to be successful. Structure, policies & mission within an organization can also lead an entrepreneur’s venture to failure. An alarming 62% of small businesses fail within the first six years of existence (Kurtz & Boone, 2011). Such statistics can discourage an entrepreneurial idea from even “leaving the ground.” Hence, prior to an entrepreneurial business commencing, reliable resources and tools need to be consulted. The purpose of this paper is to examine the characteristics of entrepreneurs and leaders, leadership styles, resources, and the tools available for establishing a good foundation for small businesses and good leadership practices in order to be successful.

The practices, thoughts, and resources of entrepreneurs and leaders have been examined for years. With the financial economy dynamically changing, it takes a unique individual to head an organization. Entrepreneurs need to examine the past leaders and resources to better equip themselves to be successful.

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.

Today’s entrepreneurial leader can use the “CEO Snowball” in order to gain and maintain precedence in the marketplace, this involves:

• Investing in people, oneself and others, to foster passion (Case, 2011).

• Following passion in order to create a niche industry, or capitalize on an...