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A Successful Entrepreneurial Leadership - Term Paper Example

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The author states that a successful entrepreneur is the one who is able to establish priorities besides taking on a leadership role to challenge conventional wisdom and present a new way of problem-solving. This could only be achieved if an entrepreneur is able to preserve and enable others to act. …
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A Successful Entrepreneurial Leadership
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Download file to see previous pages A transactional leader always works and succeeds in an organization which only exists as it is without any conscious effort to change itself. Thus the transactional leaders focus more on the present issues and are more responsive in nature rather than being more proactive in managing the overall affairs of the organization. In such an organization, transformational leaders are least likely to be successful. (James C. Sarros & Santora, 2001) Transformational leaders, however, are more proactive and innovative in nature and therefore focus on developing solutions for the problems while at the same time taking the organizations in new directions. (Tarabishy). Transformation leaders, therefore, can succeed in those organizations which are ready to make a turnaround. Organizations which have reached their maturity stage or experiencing slow growth may be more suitable for the transformational leaders. Further, learning organizations can also be most suitable for transformational leaders because they create opportunities for their followers to learn and innovate. Transactional leaders, therefore, may not be able to completely successful in learning organizations. Authentic leaders can be successful in organizations which are risk-taking and new in nature and therefore focus on making their way fearlessly. An authentic leader always ready to face anything and take unconditional responsibility, therefore, the organizations which are looking to make their way up will find authentic leaders as most suitable persons to lead the organization and make it one of the dominating forces in the industry. Transactional leaders, however, may not be successful in such organizations. Tools One of the most important tools offered through Small Business Administration as well as the Score is the information about how to secure capital for the startup of the business. Since most startup businesses fail to obtain seed capital to start their business, therefore, it is really critical that they must have access to the required funding.  ...Download file to see next pagesRead More
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