Entrepreneurship and Small Business Development
2. Literature Review
3. A review of relevant material related to the selected entrepreneur.
Nowadays, businesses are facing development problems. Problems are included: the competitors, management system, leadership and so on. For entrepreneurs, the leadership is an essential leadership quality. It is not only an idea or a reality. Leadership is relating to not only the individual, but also the social. An entrepreneur will not be able to manage his company and staff if he has not good leadership. Similar, he is also unable to accommodate changeful environment market. This means that, even though you hold some good staffs and excellent physical conditions, however, you cannot develop and use these resources. IBM is a historic and very good company, and its product distribute hundred countries. Recalling the history of IBM's growth, there is a very important person, he is Thomas Watson, Jr, the second-generation president of IBM. With Watson in the lead, IBM became the template for successful enterprises. This essay will outline the relevant leadership attributes. After this, it will introduce the reader about Thomas Watson, Jr and his leadership, and then it will analyze this case and gain an insight of how importance about entrepreneurial leadership and how to develop leadership skills.
2. Literature Review
Leadership has been described as the "process of social influence in which one person can enlist the aid and support of others in the accomplishment of a common task." (Chemers, M. M. 2002) Leadership is "organizing a group of people to achieve a common goal." The leader may or may not have any formal authority. Students of leadership have produced theories involving traits,( Locke et al. 1991) situational interaction, function, behavior, power, vision and values, (Richards & Engle, 1986, p.206) charisma, and intelligence among others. Arieu, A. defines a leader as "a person capable of inspiring and associate others with a dream." It is consequently important that organizations have a work high magnificent, because of it is a authoritative way to strengthen the leadership of its directors Great leaders are often portrayed as geniuses. They are supposed to see further and more correctly than others. Because of this visionary ability, they dare to take risks that others dare not. They transform organizations through their imagination, creativity, insight, and will. These describe the great leader appears, however, to portray greatness as being associated with heresy, thus to be at variance with the needs of organizations for safer, more reliable behavior. The needs are not perverse. Though heresy sometimes proves, retrospectively, to be the basis for desirable change, most bold new ideas are foolish and properly ignored. They are more likely to destroy an organization than to lead it to new heights of achievement.
Leadership is generally seen as a force for coherence, as contributing to effective organizational action by eliminating contradictions and preventing confusions, Future leaders are taught to remove inconsistencies, ambiguities, and complexities through precise objectives and well-conceived plans. The modern prototype in a business firm is the idea of business strategy and the development of a “business plan.” However, inconsistency and ambiguity have a role in change and adaptation, and the compulsion toward coherence could be an incomplete basis for understanding or improving leadership and life. In general, effective leadership implies an ability to live in two worlds: the incoherent world of imagination, fantasy, and dreams and the orderly world of plans, rules, and pragmatic action. Leadership is not only relating to the leader, but also relating to the follower. The relationship between leadership and followership...