Leadership challenges associated with Entrepreneurial leadership Topic 2022

Running head: MANAGEMENT
Management
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Topic 2: Leadership challenges associated with Entrepreneurial leadership
Entrepreneurial leadership is chiefly concerned with organizing as well as motivation a group
of individuals for achieving a common objective with through innovation and risk optimization,
taking advantages of the opportunities along with managing the dynamic organizational work
environment (Freeman & Siegfried, 2015). Some of the major traits and behaviours displayed by
the entrepreneurial leaders are as follows:
1. Vision: An efficient entrepreneurial leader possesses a clear vision. They have a clear
knowledge of what they want to achieve ad they will be able to obtain the same. In order
to transform their vision into reality, they communicate the same with their team
2. Communication skills: The leader possesses the ability to clearly articulate their ideas an
plan for achieving the common goal. Along with this, they encourage communication
across levels (Leitch & Volery, 2017). Another major trait for entrepreneurial leaders
includes avoiding ambiguities as well as generalizations along with conflicts and
misunderstanding due to poor communication.
3. Supportive behaviour: another characteristic of entrepreneurial leaders includes
realizing the importance of reactiveness and initiatives. The leaders go out of their
stipulate duty in order to prove support that their team needs to achieve their goals.
Instead of punishing the employees, they sit down and analyse the situation to current and
prevent future mistakes.
4. Self belief: the entrepreneurial leader possesses tremendous belief in themselves along
with the confidence that has been gained from years of experimenting and at times failing
and learning.

2MANAGEMENT
5. Shared success: While the team succeeds, entrepreneurial leaders, instead of taking all the
credit, acknowledge the contribution of others along with sharing the accolades with
them.
Considering the fact that a good number of challenges are associated with entrepreneurship, it is
highly crucial for the leaders to demonstrate the above mentioned characteristics in order to
establish their business successfully and thus convert their vision into a reality. However, several
time, entrepreneurs faces issues while developing the traits. Criticism and self doubt is one of the
chief challenges that are faced by entrepreneurial leader (Engelen et al., 2015). Entrepreneurial
leader are not often taken seriously and this results in deterioration of their self confidence. In
order to develop the self confidence and deal with negative criticism, it is highly crucial for
entrepreneurial leaders to undergo self education and training though inspirational as well as
motivational videos. Along with this another barrier faced by the leaders while developing
effective entrepreneurial leadership is non effective decisions during recruitment. The fact that
strong workforce is one of the chief powers of entrepreneurial leader, cannot be ignored. Hence,
in order to ensure that the team possess equal spontaneity, skill and the urge to reach the
organizational goal, entrepreneurial leaders should demonstrate effective skills while recruiting
employees for their business. In order to develop the above mentioned characteristics and traits,
potential leaders needs to practice disciplines, taking on ore projects, developing situational
awareness and keep on learning.
Considering the fact that the global business industry is getting highly competitive, it is highly
crucial for leaders to develop effective entrepreneurial leadership in order to ensure effective
innovation within the organization. Not only this, this style of leadership possesses the potential
to retail skilled employees while reaching the organizational goals.