Individual Reflective Report on Leadership Styles and Entrepreneurship Qualities

This report reflects on the analysis, understanding and insight of leadership style as well as entrepreneurial qualities and characteristics. It discusses the importance of different leadership styles and qualities of the entrepreneur in the business organisation.

Individual Reflective
Report

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Reflective report...............................................................................................................................3
About myself................................................................................................................................3
Result of survey:..........................................................................................................................3
Leadership styles..........................................................................................................................4
Entrepreneurship qualities and characteristics.............................................................................5
Company I would like to work for and why................................................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Entrepreneurship is defined as the capabilities as well as the attributes of an entrepreneur
that facilitates an individual in starting the business of a new venture. It also helps in arranging
and managing essential resources with the risks in order to generate profits. While the process of
leadership refers to the guiding, directing, leading and motivating human resources of an
organisation for achieving higher level of efficiency as well as productivity within the business.
This report is based on reflection on demonstrating the analysis, understanding and insight of
leadership style as well as entrepreneurial qualities and characteristics.
MAIN BODY
Reflective report
About myself
In terms of a professional individual, I have keen interest in various organisations that are
functioning within the domestic as well as global market place. I am also very curious to know
and gain the knowledge or information in respect to the large as well as medium enterprises. I
also have passion to evolve various kinds of skills as well as traits that would facilitate me in
enhancing my professional career. Presently, I am practising leadership and managerial skills so
that I can run the professional business with the management of human resources. A wide variety
of skills available which are needed to a person in order to run the functioning of business in an
effective and smooth way. As an individual professional, it is very important for me to
understand the different aspects of business in order to manage a business venture. Though, I
have different skills sets that are required to manage a business but I want to develop and
improve more skills and abilities so that I can get perfection in those skills which are required in
business management and can easily manage it. I had took participation in various internships
also which were related to the business management whose objective was to develop various
skills, abilities and capabilities of an individual. In those internships, I have developed
communication skills, team-working skills, time management skills, problem-solving skills,
decision-making skills, collaborative skills and many more. The development of these skills
would help me a lot in my later future also when I will work in any organisation to manage the
business.

Result of survey:
In relation to the two different concept of entrepreneurship as well as leadership style, I
have conducted two surveys with the people. I have conducted these surveys because they would
help me in showing the importance of these two concepts in the business management. I have
taken the feedbacks from the people who are from the field of business management. The
feedbacks taken by them has helped me a lot in understanding the significance of these two
concepts in the managing a business. I have also analysed that entrepreneurship and the
leadership style are the two main pillars of a business organisation. Feedbacks taken from the
people has facilitated me in taking the decisions related to the entrepreneurship and leadership
style that what type of businesses have which leadership style. From the result of the survey, I
have analysed that these two concepts are the main elements of a business that helps in achieving
its growth as well as success.
Leadership styles
The concept of leadership is defined as the process of leading, guiding, directing,
inspiring the members of a group so that they can do work harder and in an effective as well as
efficient manner. Leadership style is that style which facilitates the leaders of an organisation in
giving right direction, executing the plans along with stimulating the human resources of the
business. The leadership styles play a crucial part in performing different job role and also
facilitates in managing organisational resources in order to improve the productivity, efficiency
and profitability along with meeting organisational objectives. There are various kinds of
leadership style and some of these styles include democratic leadership style, autocratic
leadership style, situational leadership style and many other. I got the understanding of these
different leadership style because these would help me in performing the job role of a leader in
an organisation where I would work. I learnt that in democratic leadership style, both leaders or
managers and the employees of the organisation take participation in the process of decision-
making. Human resources give their ideas and opinions to their leaders or managers in order to
make well-informed and better decisions. I also learnt that in autocratic leadership style, only
managers or leaders of the organisation take decisions within the business and there is no
involvement of employees in the process of decision-making. Manpower are only required to
follow the instructions that are given to them by their senior managers or leaders. In situational
leadership style, I understood that it helps in adapting the management style within business for

each unique circumstance or the situation for fulfilling the requirements and wants of the
members of the team. Such type of leadership style is flexible in nature and also facilitates the
human resources of the organisation in encouraging and empowering the participation within the
business activities and decision-making process. In order to become an effective leader, various
kinds of skills are required by a person and I have possessed some of the skills that would help
me in playing the job role of a leader in an organisations. The skills that are possessed by me
include time management skills, communication skills, problem-solving skills, decision-making
skills, team-working skills and many more. I have developed these skills through the internships
that were taken by me in the earlier times. Effective communication skills would help me in
expressing the objectives of the business to the members of team in a clear-defined way so that
no confusion can occur in achieving those objectives. Different kinds of leadership style play a
significant role in the process of achieving business goals. These leadership styles help in
managing the business operations that facilitates in optimising the level of efficiency along with
the achievement of organisational goals. According to me, I have evaluated that democratic
leadership style is considered as the most suitable and appropriate leadership style within a
business. Because such kind of leadership style enables the employees of the organisation in
bringing their ideas as well as thoughts an opinions in front of their leaders or managers.
Entrepreneurship qualities and characteristics
The concept of entrepreneurship is concerned with an individual having the ideas and
intentions in order to initiate on the plans and ideas generally for disrupting the existing market
share with the innovative or new products as well as services. According to me, this process is
related to seek the problems as opportunities and ultimately changing the world. From the survey
conducted by me with the people, I have analysed that entrepreneurship is the main pillar of a
business that helps in running the business in a very smooth way. Entrepreneurship facilitates in
accelerating the growth of an economy as they are considered as wheels of the economic growth
of the nation. I have also evaluated the entrepreneurs give the solutions to the problems that are
occurred within the economy of the market through making use of organisational skills like
planning, monitoring and controlling. There are various kinds of skills that are possessed by an
entrepreneur and some of them are business management skills, communication skills, critical
and analytical thinking skills, risk-taking skills, problem-solving skills, creativity skills and many
more. I have also evolved with some of these skills at my internships that were taken by me.

These skills helped me a lot in my further period also and I examined that these skills would also
be used in professional life also. Entrepreneurial skills also involve leadership skills, time
management skills, etc. that would help an entrepreneur in conducting its business operations in
a more effective and efficient manner. In order to become an effective entrepreneur, I must have
to take into consideration some important points related to the qualities of an entrepreneur.
Because being an effective entrepreneur ensures that more than starting new businesses each day.
While taking participation in different internships, I evaluated that there are various qualities or
traits of an entrepreneur which must be considered in order to perform the job role. Some of
these entrepreneurial qualities involve self-discipline, creative thinking, resolute motivation and
passion, risk-taking ability, persistence, etc. Opportunities recognition as well as initiative is also
considered as major entrepreneurial qualities that should be possessed by an entrepreneur. By
getting understanding of these qualities which are needed by an entrepreneur, I have analysed
that these entrepreneurial traits can facilitate me in growing in order to become a better and a
more effective leader of the business. I have also evaluated that the entrepreneurs play a crucial
part in the economy and use the various kinds of skills as well as corrective initiatives that are
required in order to anticipate the requirements an wants along with bringing new and innovative
ideas within the market. I have also evolved some of the entrepreneurial qualities and
characteristics and these would facilitate me in achieving various career opportunities. When I
would work at any organisation, then I can take business decisions, solve business problems,
effectively communicate with other people of the workplace because I have possessed with the
relevant skills.
Company I would like to work for and why
Since the beginning of my professional level, I have admired to work for the organisation
Tesco Plc which is a UK-based company and is the largest supermarket dealing in electronics,
petrol, books, clothing, furniture, financial services, petrol, internet services, etc. I would like to
work for this organisation because it is the British multinational grocery as well as one of the
largest supermarket in the retail industry. It is diversified in many areas of the world and has
positive brand value within the markets of the global world. So, it is the major reason of working
at this organisation. Another reason to work for Tesco Plc is that the company is having highly
skilled as well as trained human resources within the organisation that help in comnducting
business operations in an effective way. By working in team with such kind of high skilled and

trained employees, I can improve my various skills like team working skills, communication
skills, time management skills, problem-solving skills and many more. The organisational
culture of the company is also favourable that would also help me in enhancing the base of my
knowledge. By working in a team, I can also build interpersonal relationships with the workforce
and the managers. These would help me in achieving the success within my career and also
create more employment opportunities for me.
CONCLUSION
From above explanation of the report, it has been concluded that entrepreneurship as well
as leadership styles are considered as the two primary pillars of an organisation. Without these
two components, it is not easy to run the business in a smooth way. Within this existing
reflective report, the importance of different leadership styles and qualities of the entrepreneur
have been discussed. The analysis of these two concepts have also been given in this report along
with their significance in the business organisation. It has also been concluded from the above
report that it is necessary for a person to get the understanding of these aspects in order to run the
business operations in effective and efficient way.

REFERENCES
Books and Journals
Clark, C. M. and Harrison, C., 2019. Entrepreneurship: an assimilated multi-perspective
review. Journal of Small Business & Entrepreneurship. 31(1). pp.43-71.
Ho and et.al, 2020. Entrepreneurship–Professionalism–Leadership. Springer.
Lee, B. and Kelly, L., 2019. Cultural leadership ideals and social entrepreneurship: an
international study. Journal of Social Entrepreneurship. 10(1). pp.108-128.
Naderi and et.al, 2019. The contributions of social entrepreneurship and transformational
leadership to performance: Insights from rural tourism in Iran. International Journal of
Sociology and Social Policy.
Pandey, S. C. and Pattnaik, P. N., 2020. Teaching Sustainable Entrepreneurship and Leadership:
Case of a Taught Course–Innovation and Sustainability Specialization. In Building an
Entrepreneurial and Sustainable Society (pp. 114-125). IGI Global.
Pollack and et.al, 2020. Contextual and interactional approaches to advancing leadership and
entrepreneurship research. Journal of Management Studies. 57(5). pp.915-930.
Reid and et.al, 2018. Blazing new trails or opportunity lost? Evaluating research at the
intersection of leadership and entrepreneurship. The Leadership Quarterly. 29(1).
pp.150-164.