Entrepreneurship and Leadership of Business Ventures

This report discusses the concepts of entrepreneurship and leadership in business ventures. It explores the qualities of a successful leader and provides a work-based leadership assessment. The report also includes a leadership style questionnaire and a General Enterprising Tendency (GET2) test to assess individual enterprising potential. Additionally, it discusses the importance of creativity in entrepreneurship.

Entrepreneurship and
Leadership of Business
Ventures

Table of Contents
INTRODUCTION...........................................................................................................................................3
MAIN BODY .................................................................................................................................................3
Work based leadership assessment .......................................................................................................3
Leadership style questionnaire ..............................................................................................................4
General enterprising tendency (GET2) Test ...........................................................................................5
Aulive and PollEv test.............................................................................................................................5
CONCLUSION...............................................................................................................................................6
REFERENCES ................................................................................................................................................8

INTRODUCTION
An entrepreneur is the individual who cares for creating new business, bear risk as well
as enjoy rewards (Leitch and Volery, 2017). In simple term, entrepreneur is seen as an innovator
within business environment as they always come with new ideas, products, services as well as
business procedures. within economy, entrepreneurs play important role by utilizing their skills
and initiative necessary to anticipate needs and bring some new ideas in market. Apart from this,
in a business leadership is the capacity of organization’s management in setting as well as
achieving challenging goals. Along with this, leaders take fast decisions when needed and also
inspire other people in company to perform highest as much as possible. This report will be
going to discuss several those are given which are related to leadership and other skills. On the
basis of these reflection will be going to conduct in this report.
MAIN BODY
Work based leadership assessment
In this test maximum score is 250 and minimum score is 50. Out of 250 I received 205
which shows that I am on the way to become a leader. I have several strengths which will help
me in performing activities related to leadership in more appropriate manner such as Flexibility,
focused, taking initiative, honesty, dedication, ability to perform under pressure and good
communicator. As these will help me in several manners while working as a leader in business
firm. Explanation of these are as follows :-
 Flexibility – While working in company several situations may rise which require that
leader have to know who to work in different circumstances. As I am flexible in nature
and it will be easy for me to handle different situations in easy manner.
 Focused – There are some task which is important for business and these require proper
focus. Thus, it is essential for leader to be focused and conduct operations in effective
manner.
 Taking initiative – When I have skills of taking initiative then only I will guide my team
members to take initiatives and perform work in more effective manner. It is my strength
and I take initiatives for performing any activity.

 Honesty – It is necessary to be honest for own work and honesty is my strength which
simply means that work taken by me will perform honestly without any misconduct
(Burns, 2016).
 Dedication – It is one of the important skill which required in individual as I am
dedicated towards my work which help me in conducting my work in more effective
manner with less chances of mistake.
 Ability to perform under pressure – While working in organization several situation of
pressurization may create which require that leader have to get accomplish allotted task
as it will be pressure on them (Carsrud, Renko-Dolan and Brännback, 2018).
 Good communicator – While working as a leader it is necessary to have good
communication skills. I am good communicator which will provide assistance to me in
managing team and accomplishing target within effective manner.
Apart from this, these are some weakness also on which I have to work for gaining better
position within organization as a leader. These are motivation, curiosity, engagement and
determination. It will bring opportunity for me to work as an effective leader in company and
accomplish goal properly of company and self (Henley and et. al., 2017).
Leadership style questionnaire
Leadership style is the manner as well as approach of providing direction, implementing
plans as well as also use for motivating people. Purpose of conducting this questionnaire is to
identify individual style of leadership. Along with this, it also examines how own leadership
style is related with other styles. By conducting this questionnaire, it has been identified that sum
responses on items 1,4,7,10,13 and 16 are authoritarian leadership. Sum of 2,5,8,11,14 and 17
are democratic leadership as well as 3,6,9,12,15 and 18 are of laissez-faire leadership. My total
score on different leadership style are as follows :-
 Authoritarian leadership – Authoritarian leadership style which is also named as
autocratic leadership style (Godwin, Neck and D’Intino, 2016). In this within decision
making process new inputs are taken from group members. Within any urgent situation
autocratic leadership style will be more suitable because it helps in quick decision
making. I scored 22 marks in this leadership style.

 Democratic leadership – Democratic leadership is also known as participative
leadership it is type of leadership style within that group members perform participative
role within decision making process. I scored 27 marks in this leadership style as this
leadership style is more in my nature and mostly I prefer democratic leadership.
 Laissez-faire leadership – It is also known as delegative leadership in this leaders are
hands off and allow member of group to take decisions. Through this employees feel
motivated but there is chances of risk in this if decisions are not taken properly. I scored
18 marks in this leadership style (Bell and Whittington, 2018).
From above mention score it has been identified that I have highly democratic leadership
because score which come under 26-30 means I have very high range. Along with this, I am high
in Authoritarian leadership because I score 22 marks in this. Apart from this, I am moderate in
Laissez-faire leadership style is I scored 18 marks. Democratic leadership is also known as
Participative leadership it is type of leadership style within that group members perform
participative role within decision making process (Neumeyer and Santos, 2018). With this
leadership style I can work in any type of organization and this will also help me in building
good relation with team members as well as other people working with me in company. Apart
from this, in some situation I use Authoritarian leadership style which is also named as autocratic
leadership style. In this within decision making process new inputs are taken from group
members. Within any urgent situation autocratic leadership style will be more suitable because it
helps in quick decision making.
General enterprising tendency (GET2) Test
This test offers self-assessment which takes approx. 10 minutes for completing as well as
it gives idea to individual about their enterprising potential (Miao and et. al., 2019). This simply
means that tendency for start-up and project management will be identified through GET2 Test.
Outcome of the GET2 test is 80% which simply mean that I can come up with my own start-up
in market. As i have capabilities of managing things in more effective manner as well as I can
sustain for long term in business environment. All the skills required for managing business in
effective manner I have which simply means that I can conduct activities related to start-up by
my own in effective manner.

Aulive and PollEv test
From the above explained information it can be mention that my creativity score is 63.93
and it have good in different matrix of this cycle (Schjoedt and Valencia, 2018). The description
of mine creativity in different factor of this cycle is as under:
 Abstraction - I have good ability of abstract models, approach, system and ideas. When I
was working on this project I effectively use analyses models and concepts that are used
by me as per the requirement of report. Before using models I determine them by using
my thoughts and ideas that are relevant or not.
 Connection - I am not capable to make connection so to make development in it so i will
attend personality development program and make social to myself. So that it will help
me to connect with individual in easily. I also do critical analysis of things so that I can
get information about the strong and weak point and can relate them in crucial manner.
 Perspective - I have good ability to shift and adjust ones perception on a condition in
form of space and time or others. With the help of having good perception skill, I can
easily analyses insight of others and determine the situation in proper manner. It will help
in providing hint about others ideas and their thinking ability.
 Curiosity - I am average in this ability and i curious about that things and always ready
to get information about them in which I have interest. Due to have this ability, I do my
work in proper way because when perform in a task I curious to get deep and brief
information that how it can be executed in effective manner in term of accomplish its
objectives.
 Boldness - I am not good in it and do not have this ability and quality because before
performing and adopted conventions beyond boundaries I thing that what others will
think. To make improve in it, I will make participation in group activities, decision
making process and others and present my own views to make development in this
competency.
 Paradox - I have good contradictory personality which help me in doing my work in
effective manner afraid to accomplish the goals of my task. Due to have good paradox
ability, I passionate to complete my wok and attaining objective of assigned work.

 Complexity - I am average in it and do not have effective ability to carry large quantities
of data. Cause of average in it, I can manage and control the relationships among such
information. To make improvement in this quality, I will work on critical project and
different sectors so that I can make effective connection among diverse information.
 Persistence - It is the capability to force oneself to provide good and effective solution
when someone have already been generated (Schaper, 2016). I am good in it and provide
effective solution at the time of requirement. When I was performing in a critical task and
work then find out effective solution and way. Then with the help of my critical thinking
ability, I can find out effective ways tat help me in performing in different task.
CONCLUSION
After going through entire discussion it has been summarized that, it is important for
individual to implement several theories within their daily life which help them in analyzing their
own strength as well as opportunities. Along with this, it also provides assistance in analyzing
those areas which require development for gaining better position within business environment.
In addition to this, combination of individual strength reflects leadership style which individual
adopt for conducting activities in organization. In addition to this, through GET2 test individual
can conduct own analysis for identifying that they have abilities of starting business and
completing project or not.

REFERENCES
Books and Journals
Leitch, C. M. and Volery, T., 2017. Entrepreneurial leadership: Insights and directions.
International Small Business Journal. 35(2), pp.147-156.
Burns, P., 2016. Entrepreneurship and small business. Palgrave Macmillan Limited.
Carsrud, A. L., Renko-Dolan, M. and Brännback, M., 2018. Understanding entrepreneurial
leadership: who leads a venture does matter. In Research Handbook on
Entrepreneurship and Leadership. Edward Elgar Publishing.
Godwin, J. L., Neck, C. P. and D’Intino, R. S., 2016. Self-leadership, spirituality, and
entrepreneur performance: A conceptual model. Journal of management, spirituality &
religion. 13(1), pp.64-78.
Bell, R. G. and Whittington, J. L., 2018. Exploring the full range of leadership across the
organizational life cycle and growth states of entrepreneurial firms. In Research
Handbook on Entrepreneurship and Leadership. Edward Elgar Publishing.
Miao, Q. and et. al., 2019. Ceo entrepreneurial leadership and performance outcomes of top
management teams in entrepreneurial ventures: The mediating effects of psychological
safety. Journal of Small Business Management. 57(3), pp.1119-1135.
Schjoedt, L. and Valencia, V. S., 2018. Entrepreneurial leaders and entrepreneurial managers:
differences and similarities in their learning approach. In Research Handbook on
Entrepreneurship and Leadership. Edward Elgar Publishing.
Schaper, M. ed., 2016. Making ecopreneurs: Developing sustainable entrepreneurship. CRC
Press.
Neumeyer, X. and Santos, S. C., 2018. Sustainable business models, venture typologies, and
entrepreneurial ecosystems: A social network perspective. Journal of Cleaner
Production. 172, pp.4565-4579.
Henley, A. and et. al., 2017. Entrepreneurial intentions of Colombian business students.
International Journal of Entrepreneurial Behavior & Research.