Strategic Management Question-answer 2022

Running Head: Strategic Management
Strategic
Management
Question-Answer
System04104
8/23/2019

Strategic Management
1
Topic-2
Entrepreneurship skills are really matter for the modern dynamic business
environment. As an entrepreneurship leader, a person must be able to understand the future
challenges and risks in the organisation. An entrepreneurial leader is responsible for
organising and motivating a group of people for achieving the common goals and objectives
(Prooijen & de Vries, 2016). The traits of entrepreneurial leadership is not limited to
motivating people or achieving target rather entrepreneurial leader is also responsible for
innovation, taking advantage of opportunities, risk optimisation and identifying the
environmental change and make decisions accordingly.
There are many theories given by scholars and researchers for leadership style such as
trait theories, contingency theories, influence theories, and behaviour theories. The trait
theory is based on various leadership skills, which is based on the characteristic of the leader.
According to this theory, an entrepreneurial leader must have a clear vision for his group
members or for his team. A leader must be able to clearly communicate his/her ideas or
opinions to other people. Proper communication skills are really essential for a leader to
achieve common goals and objectives. An entrepreneurial leader must create an atmosphere
and encourages people towards the organisational success. To adopt the changes in external
environment and to face the future challenges a leader must be capable in facing any
challenges and have capability to set standards for other people. To face such type of
challenges a leader must be honest and desperate to learn new things that how leader can
avoid the future challenges and adopt the opportunities to ensure organisational growth and
success (Rasool, Arfeen, Mothi, & Aslam, 2015).
For example, to face the environmental change and future challenges, a leader must
have innovative thinking. This trait helps the leader to solve the issue in innovative ways. It is
really important for a leader to analyse the present situation and predict the future changes on
the basis of current situations. It means a leader should have visionary power, which enables
the leader to prepare in advance for any kind of environmental changes and adverse
conditions. Apart from this, a leader should have tremendous self-belief that creates self-
confidence in leader to make any experiment or taking challenging decisions in favour of the
organisation and its people. To face the future challenges and environmental change, leaders
must be aware about their weaknesses and strengths that further help the leader to make