Entrepreneurial Leadership: Theories, Challenges, and Applications

Entrepreneurial
Leadership
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Table of Contents
Introduction ....................................................................................................................................3
Main body .......................................................................................................................................3
Role of Entrepreneurial leadership.............................................................................................3
Challenges faced in leadership....................................................................................................4
Theories and concepts of leadership and their application in practice.......................................5
Conclusion.......................................................................................................................................9
References ....................................................................................................................................10
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Introduction
The concept of entrepreneurial leadership is associated with organising and motivating
abilities of leaders to direct individuals towards common goals through driving innovation and
optimisation of opportunities. For the purpose of attaining success the concept of entrepreneurial
leadership emerges. In the given report, the development of people, ethical organisation and
team the role of entrepreneurial leadership will be critically evaluated where the characteristics
and traits will be explained in detail (Huang, Huang and Soetanto, 2022). Apart from this, in
order to develop the knowledge and understanding will be explained by using primary and
secondary sources, research based and theoretical evidence. Furthermore to this, in the real world
learning, opportunities and challenges will be critically analysis and apply concepts and theories
in this range.
Main body
Role of Entrepreneurial leadership
Leadership is the process of prompting the employees of an organisation to attain the
corporate objectives. Whereas entrepreneurship is 4th factor of science of economy because it
involves the creation of products and services by bringing factors of production such as natural
resources, capital, labour etc. In today's world in the success of business entrepreneurial
leadership is one of the effective leadership skills (Whitmore, 2010). It has both the qualities of
entrepreneurship and leadership. It involves the motivating and organising a set of people in
achieving a common objective through risk optimisation, managing the dynamic of environment
in organisation, innovation and taking advantages of opportunities.
The role of entrepreneurial leadership are as follows:
Effective communication skills – Entrepreneurial leadership must have effective
communication skills so that it help them to convey their ideas as well as actively listen to the
ideas of others. They inspire communication between departments and across levels (Idris,
2019). It avoid the misunderstanding and conflicts which occurs due to poor communication.
Confidence – In order to make good decision and lead the organisation in growth
oriented, productive activities effective entrepreneurial leaders must be confident. Through
leadership experience which include learning opportunities as well as success they generally gain
the confidence. It will help the organisation in attaining objectives and goals set by them.
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