Assignment #1:  Entrepreneurial Leadership

Assignment 1 EntrepreneurialLeadership A Company cannot be innovative and militant without understanding the importance of attractership. There be three main points to break leadinghip which ar, having people to lead, having certain skills to reach political piece of musicys objectives, macrocosm focused on and accomplishing goals. In being a leader one possess woodland and empowerment.In congress to lead in a caller, three bang-up renowned leaders are, Victor Kiam, Sergey Brin and Larry Page Victor, Kiam, has been make loven around the military personnel for his vastly flourishing advertising campaign as the man who like the Remington Shaver so much, he bought the company. But Victor Kiam is much much than a TV spokesperson-he is the man who took a money-losing corporation and quadrupled its sales and sullen it around. He is a classic example of a successful leader and entrepreneur.Kiam demonstrates the democratic leadership dash, by not only creating a huge c ompany all by himself but allowing separates input, in helping guard ends for the corporation. The approach to the major business principles of a profit-oriented entrepreneurial in relation to Kiam gives way to the role of entrepreneur being crucial and critical in the context of building the enterprise. He lay outs many roles linking mankind mental imagerys, finance, production, marketing, operations, research and breeding and overseeing the same with a broad and big picture.He networks with bankers, major clients, suppliers and new(prenominal)s thereby ensuring smooth functioning of the enterprise. Kiam identifies the hazard, builds the base and leads the organization by attracting and retaining the precious human resources. He usually looks at the niche areas and goes by the road little traveled. In the sense experience, in order to have the goal of providing a keen product and to make a profit he looks for novel and innovative methods so as to try and work out his id ea.Kiam is an innovator, creator, risk come acrossr and leader. A successful entrepreneur is one who senses the opportunities perpetually, manages the risk, collaborates effectively for building strong teams, raises the bar, learns from mistakes and failures and constantly innovates and pursues the project with passion till the end. Sergy Brin and Larry Page are known for co-founding Google in 1998, and redefined the way people use the web. Now two of the realnesss richest people, they still play an active role in the company, encouraging resh approaches to Googles unique culture and its expanding retinue of services. One would say Brin and Pages leadership style is characterized from the participative style known as democratic because both individuals are involved in the decision devising process as well as on the job(p) together to solve situations inside the company. Many of the same principles that intuitively campaign the collective innovation of the Renaissance are now being measuredly and systematically applied within the worlds fastest maturement companies.Google as a company still aims to continuously innovate to get under ones skin new ship canal to organize and present the information that its users say they necessitate and want. New products like GoogleMaps, GoogleEarth, GoogleNews, GMail, and GoogleDocs continue to keep the company at the brain of the field. Social Responsibility plays a main part in belongings a business running smoothly The founders of Google, Larry Page and Sergey Brin believe that it is implausibly important for people to have access to information around the world and that this is manything that Google can de withstandr.They have run into issues with foreign governments over censorship, but deep it has not been a major problem. CEO Eric Schmidt predicts that Google will become an accidental central focus around global copyright and ownership juristic issues. It is essential for the entrepreneurial leader tha t people is the most important resource to manage and the most effective to use. Focusing on people, knowing the ways to motivate, emboldens, and enabling people to act is what brings the leader to a new dynamical market level.The entrepreneurial leader is to be passionate about what he/she is doing. Every process has to be challenging with a devotion of term and effort. All researches in entrepreneurship view entrepreneurs as innovators. And this is the only way to flavor increased competitiveness. Innovation today aims at obtaining dominance in a market. When it comes to Victor Kiam who is the most innovative of all US business leaders and who possess, salesman in his bones, he went beyond social responsibility within his company.When Kiam bought the company from Sperry Corporation, Remington it was a loss-making company it was Americas dominant electric razor manufacturer. Every salesman knows, a pitch above all has to have the ring of truth. In its commencement incarnation, the Remington ad featured Kiam in a suit. He notice the unrealistic, he performed the commercial in a bathrobe, only to discover that most American men did not wear a bathrobe when they shaved so he decided to use a towel.As Kiam related in a speech accepting the 1988 Outstanding Business Leader award, I captive a towel over my shoulder and covered one breast, as two breasts would have been too much for the American public. A part of the leadership style of a person is something the person was born with and the other part is formed by multiple factors, such as, society, experience, working environment, and ethnical differences. Taking all of these factors in consideration, my leadership style can be described as a combination of democratic leadership and transformational leadership.I believe I posses some of the democratic leadership style characteristics because I make sure my conference members are encouraged to share their thoughts, I can lead people around me to better ideas and more originative solutions to problems. Group members also feel more involved and committed to projects, making them more likely to care about the end results. I know I can bring the outflank out of an experienced and maestro team. With being a democratic leader I know it capitalizes on skills and talents by others letting them share their views, rather than simply expecting them to conform.If a decision is very complex and broad, it is important to have the different areas of expertise delineated and contributing input this is where democratic leader shines. Research on leadership styles have also shown that democratic leadership leads to higher productivity among group members. Transformational leadership style is also a character I possess. I can relieve oneself a clear structure of a travail that needs to be done always tied together with rewards or punishments. In its ideal form, it creates valuable and positive change in the pursual with the end goal of developing chase into leaders.I know that within myself I set the bar and others follow just like, transformational leadership which enhances the motivation, esprit de corps and performance of followers through a variety of mechanisms. These include connecting the followers sense of identity and self to the mission and the collective identity of the organization being a role model for followers that inspires them, challenging followers to take greater ownership for their work, and understanding the strengths and weaknesses of followers, so the leader can queue followers with tasks that optimize their performance.I believe it is critical to use leadership power in a way that makes people depend little on the leader. Arising motivation and a sense of importance in followers plays an important role in leadership. Besides, the high competition and market vista this makes me aspire after entrepreneurial leadership. The Small Business Administration (SBA) and invoice are both useful resources for entrepreneurs. The SBA is set in place to allow funding and to provide entrepreneurs with information to assist in business operations. stool is a non-profit organization with chapters across the United States which has volunteers that either have been or are presently successful entrepreneurs and executives who give back by sharing their expert business advice. They provide an entrepreneur with a big course of priceless and unique to small business information, basic and general information, laws and regulations, statistics and researches are available to use in order to learn more and be a successful entrepreneur.Information presented and topics discussed make a process of opportunity searching much easier and less time and cost consuming. Furthermore, it has a live chat, blogs, and online advising system that help to find an answer or solve a problem. I will utilize the SBA to secure funding for my business. While the SBA does not make direct loans to businesses, it sets t he guidelines for loans, which are then made by lenders, lodge development organizations, and other lending institutions. SBA guarantees that these loans will be repaid, thus eliminating some of the risk to the lending partners.The SBA also has a variety of nurture textile on topics such as creating business plans, marketing and outreach, laws and regulations, and many other areas. The Small Business Administration will be instrumental in laying the foundation and funding for my business. SCORE will also be utilized to provide guidance and mentorship. I will utilize the expertise of SCOREs volunteers to give me valuable input on best business practices, effective strategies for success, enthusiasm and support.SCORE also has an assortment of training material ineffective strategies to manage, grow, and finance, business. The Small Business Administration and SCORE both will provide assistance on the keys to creating an appropriate business infrastructure, keys to sustainability, a nd strategies for growth. If you were to create your personal principles of leadership, what would they be and explain why you would chose them. My personal principles of leadership inhabit of three elements, lead by example, have a sense of accountability, and inspire a shared vision.These principles are the most important components of leadership and are the essence of effective leadership. Reference page * Victor Kiam Going for it How to surveil as an entrepreneur, ISBN 0688060609 * http//investing. businessweek. com/research/stocks/private/person. asp? personId=376317privcapId=26851117previousCapId=26851117previousTitle=Lia%20Sophia * http//www. google. com/about/corporate/company/business. html * http//www. sba. gov/ * http//www. score. org/