Entrepreneurship and Leadership of Business Ventures: Reflective Report

Entrepreneurship and
Leadership of Business
Ventures

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK...............................................................................................................................................3
Reflective report on leadership style:.....................................................................................3
Reflective report on entrepreneurial Qualities and Characteristics:.......................................4
How leadership styles and entrepreneur attributes add value to the business with examples:5
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7
Appendix..........................................................................................................................................8
Self-assessment.......................................................................................................................8

INTRODUCTION
Entrepreneurship is defined as the practise of beginning a business on one's own. It's a
type of start-up that aims to provide innovative products and services. Entrepreneurs create new
ideas and business procedures in response to market demands. An entrepreneurial leader
recognises opportunities and takes advantage of them while also demonstrating creativity and
innovation. They assist the corporation in remaining competitive and adapting to changing
business conditions (Bagheri, Newman and Eva, 2020). These types of leaders place a premium
on conducting themselves in a responsible manner in the workplace. An entrepreneurial leader is
self-assured and delegated business tasks effectively among the company's personnel. This is a
self-reflective report in which I will discuss my leadership styles as well as my entrepreneurial
abilities and attributes. It will also demonstrate how my personality and skills can benefit the
company. It will pinpoint the exact characteristics that have an impact on the company's success.
TASK
Reflective report on leadership style:
Understanding diverse leadership positions requires a high level of self-awareness. Most
leaders require emotional intelligence in order to deal effectively with difficulties that develop in
their businesses or organisations. Personality tests are always required for leaders to get a clear
grasp of themselves. Self-development and self-management are aided by these tests. Skills,
values, behaviour, attitude, and a leadership style all go into making a good leader (Tur-Porcar,
Roig-Tierno and Llorca Mestre, 2018). Authoritarian, Participative, Delegative, Transactional,
and Transformational leadership styles are among the many options.
Before I give a reflection on my leadership style, let's go over each style.
Authoritarian Leadership- This approach allows the leader to make a list of their goals and
then determine how they will be met. It aids in the establishment of specific guidelines that team
members must adhere to. It assists the leader in achieving consistent results and reducing errors
in task execution (Simba and Thai, 2019). However, it is a rigid approach that may cause issues
in the business and decrease employee inventiveness.
Participative Leadership- This management style emphasises team members' active
engagement in the business's decision-making process. It focuses on employee involvement and
inclusivity. As a result, it can also be considered a democratic theory. This management style