Entrepreneurial Leadership
Entrepreneurial Leadership
Strayer University
Contemporary Business
Bus 508
Entrepreneurial Leadership 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. People, passion, and perseverance are the “3 P’s” of the entrepreneurial philosophy of AOL’s former CEO and Chairman, Steve Case. (Case, 2010) Model the way, inspire shared vision, challenge the process, enable others to act, and encourage the heart, are the five basic points James Kouzes offers that leaders use to motivate. (Kouzes, 2008) Peter Drucker says being the “Fustest with the Mostest” is when the entrepreneur aims at leadership, if not dominance, in a new market or new industry. (Drucker, 1985) Case believes that in a struggling economy it will take innovation and risk taking through entrepreneurship to get on track. (Case, 2010) Case says that the right people alighned around the right priorities with an underlying passion, not just from the founder or CEO, throughout the people, that when times get tough, enevitably they do, the people will have the fortitude to see it through. (Case, 2010) Kouzes states that leaders need to set the example and practice what they preach, create forward looking goals, foster collaboration, and celebrate values. (Kouzes, 2008) Leadership has nothing to do with ones position in a company. Being the “Fustest with the Mostest” is an entreprenuerial gamble, it carries a high risk, but can be greatly rewarding if successful. (Drucker, 1985) In this struggling economy the need for entrepreneurs is great while the opportunity for most is limited. Entrepreneurship starts with a vision to change society, a culture, the world, or just a single person’s life, with a product or service. Case, Kouzes, and Drucker, bring
Strayer University
Contemporary Business
Bus 508
Entrepreneurial Leadership 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. People, passion, and perseverance are the “3 P’s” of the entrepreneurial philosophy of AOL’s former CEO and Chairman, Steve Case. (Case, 2010) Model the way, inspire shared vision, challenge the process, enable others to act, and encourage the heart, are the five basic points James Kouzes offers that leaders use to motivate. (Kouzes, 2008) Peter Drucker says being the “Fustest with the Mostest” is when the entrepreneur aims at leadership, if not dominance, in a new market or new industry. (Drucker, 1985) Case believes that in a struggling economy it will take innovation and risk taking through entrepreneurship to get on track. (Case, 2010) Case says that the right people alighned around the right priorities with an underlying passion, not just from the founder or CEO, throughout the people, that when times get tough, enevitably they do, the people will have the fortitude to see it through. (Case, 2010) Kouzes states that leaders need to set the example and practice what they preach, create forward looking goals, foster collaboration, and celebrate values. (Kouzes, 2008) Leadership has nothing to do with ones position in a company. Being the “Fustest with the Mostest” is an entreprenuerial gamble, it carries a high risk, but can be greatly rewarding if successful. (Drucker, 1985) In this struggling economy the need for entrepreneurs is great while the opportunity for most is limited. Entrepreneurship starts with a vision to change society, a culture, the world, or just a single person’s life, with a product or service. Case, Kouzes, and Drucker, bring
References: Ambler, G. (2011, July 3). Leadership Manifesto. Retrieved July 15, 2011, from The Practice of Leadership: http://www.thepracticeofleadership.net/ Bass, B. M. (1985). Leadership and Performance Beyond Expectation. New York: Free Press. Burns, J. M. (1978). Leadership. New York: Harper and Row. Case, S. (2010, February 24). People, Passion, Perseverance: You 've Got Entrepreneurship. Standford 's Entrepreneurship Corner . Drucker, P. F. (1985, Winter). Entrepreneurial Strategies. California Management Review , 27 (2) , 9-25. Fred O. Walumbwa, B. J. (2008). Authentic Leadership: Development and Validation of Theory- Based Measure. Journal of Management , 34 (1), 89-126. Goltz, J. (2001, January 5 ). Top 10 Reasons Small Businesses Fail. New York Times . Kloeber, L. (2010, April 15). How You Can Develop Leaders Like the Best Companies Do. Retrieved July 14, 2011, from Leader 101: http://www.leader101.com/?tag=leadership- best-practices Kouzes, J. (2008, July 3). Rising to the Leadership Challenge. (D. Summers, Interviewer) Tarabishy, A. (n.d.). Understanding Entrepreneurial Leadership in today 's Dynamic Markets. Retrieved July 13, 2011, from United States Association for Small Business and Entrepreneurship: http://usasbe.org/knowledge/proceedings/proceedingsDocs/USASBE2003proceedings- 21.pdf