Entrepreneurship and leadership exhibit numerous commonalities and, for this reason, are often considered as the two different types of one and the same phenomenon. However, it is at least incorrect to say that the entrepreneurship is merely a special case of leadership. …
Download file to see previous pages...
Not every entrepreneur is a leader and not every leader is necessarily an entrepreneur; as globalization draws together resources and business capabilities and turns innovation into the major source of competitive advantage in business, entrepreneurs and leaders must assume a new, different vision of business reality which brings both concepts together and creates a new entrepreneurial leadership paradigm.
What is entrepreneurship? Who is an entrepreneur? These are the questions that stir the hearts and minds of researchers and business professionals. Different researchers provide different conceptualizations of entrepreneurship; the latter has already become a buzzword in present day organization studies. The meaning of entrepreneurship can be traced back to the beginning of the 19th century, when the French economist Jean-Baptist Say created the first feasible definition of entrepreneurship (Miller & Collier 81). According to Say, entrepreneur is the one who “shifts economic resources out of an area of lower and into an area of higher productivity and greater yield” (Miller & Collier 81). More specifically, entrepreneur is believed to be the one who manages resources in ways that create value and profit in conditions of risk and uncertainty (Miller & Collier 81). The nature of entrepreneurship is too elusive to have a single, universal definition. Nonetheless, entrepreneurs can be described in terms of the so-called “big five” traits. These are “risk-taking propensity, need for achievement, need for autonomy, self-efficacy, and locus of control” (Vecchio 307-9)....
The nature of entrepreneurship is too elusive to have a single, universal definition. Nonetheless, entrepreneurs can be described in terms of the so-called “big five” traits. These are “risk-taking propensity, need for achievement, need for autonomy, self-efficacy, and locus of control” (Vecchio 307-9). Entrepreneurs exhibit an unprecedented striving and willingness to take up risks (Vecchio 307). This risk-taking propensity is a distinctive feature of entrepreneurship. Unlike managers, entrepreneurs are inclined to identify and access business scenarios that offer greater incentives and opportunities for profitability and growth (Vecchio 307). They are more achievement-motivated than business owners and managers (Vecchio 308). Simultaneously, entrepreneurs naturally seek greater autonomy in their decisions; it is through autonomy that entrepreneurs exercise freedom of self-expression in business environments and enjoy better adaptability to changeable conditions of doing business (Vecchio 308). Entrepreneurs have the self-efficacy needed to exercise full control over business situations (Vecchio 308). They always possess locus of control which is integrally linked to self-efficacy (Vecchio 308). These and other features position entrepreneurship as a distinct and separate field of research and performance; yet, both in research and business activity entrepreneurship and leadership still go hand in hand. Yang defines leadership as the art of influencing others. Leadership is crucial to the future of business (1). Effective leaders exemplify a foundational predictor of profitability and growth in changeable business environments (Yang 1). An effective leader is a person who influences other
...Download file to see next pagesRead More
Cite this document
(“Is Entrepreneurship merely a special case of leadership Research Paper”, n.d.)
Retrieved de https://studentshare.org/management/1391404-is-entrepreneurship-merely-a-special-case-of-leadership
(Is Entrepreneurship Merely a Special Case of Leadership Research Paper)
“Is Entrepreneurship Merely a Special Case of Leadership Research Paper”, n.d. https://studentshare.org/management/1391404-is-entrepreneurship-merely-a-special-case-of-leadership.
This research paper has covered various areas of interest, which can help us understand more regarding the current entrepreneurship. The paper looks into the entrepreneurial role in the economy, and especially using the current entrepreneurial skills like internet use, which has turned the whole world a global village.
This process involves creation of new business or restructuring existing businesses so that they can benefit or take advantage of a new economic opportunity. Entrepreneurship has often been confused with management. However, the two terms are closely related although they have different meaning.
As such, this definition can be applied to a great number of individuals involved in business at every level of maturity and of nearly every imaginable size. When one envisions an entrepreneur or the idea of entrepreneurship, the most common image that comes to mind is a single individual turning an idea, or a set of ideas, into an actionable plan implemented to generate profit.
..7 Expansions of Social Entrepreneurship………………………………………………….11 Conclusion……………………………………………………………………………….13 Introduction The concepts of entrepreneurship are consistent with changing definitions and ideologies that are based on specific time frames.
The service and behavior of the radiologists at the medical center had received severe criticism over many years while the equipment used by the department was largely obsolete. Dr. Stephens’ job was to ensure that the deficiencies associated with the department were rectified and its competency improved.
District courts can be considered as some of the typical examples, which exemplify special courts at the federal level. There may be different titles accorded to these courts at the state level, which may include municipal court, county court, trial court, as well as the circuit court.
There are both advantages and disadvantages in the choice of any one of them, and some very highly regarded interests have vested in the all of them and made themselves known to Lucy.
The decision to be made has more profound implications than that
To be more elaborated on the term, it dignifies those people who have the potential to bear the risk of establishing a new business. A few other characteristics of an entrepreneur are that he/she develops a unique idea to be marketed. The idea can be in the form of goods or services, in such a manner that is not yet rendered to the community.
The size of the organizations also varies immensely, and range from small physician practices to small pharmacies to independent hospitals. Hence, management of these complex health organizations is no easy task and needs great leadership qualities.
3 Pages(750 words)Research Paper
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Research Paper on topic Is Entrepreneurship merely a special case of leadership for FREE!