Reflective Writing (Entrepreneurship And Leadership Of Business Venture)

Reflective Writing
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Reflective Writing
Write a reflective report demonstrating analysis, understanding, and insight of both, your leadership style and entrepreneurial qualities and characteristics. Evidence your report with research in the key topic areas giving examples from business and business organizations showing how those styles and attributes might add value to business.
In life, it is crucial to know who one is and what they are bringing to the table. This means that people need to know their abilities, inclinations, characteristics, and leadership style. Aside from knowing these, people need to go a step further and know how their personalities could influence their businesses or their commitment to an organization’s goals. With this in mind, I set out to study myself and took two tests: one of them tested my leadership style, while the other tested my entrepreneurial qualities and characteristics. Knowing these, I believe, will help me make better decisions while factoring in my biases. In business, it is indeed possible to make decisions based on one’s biased qualities and style of conducting business. Acknowledging this is the first step to becoming independent or free of one’s biased views and personal insecurities. In knowing what my leadership style is and which qualities make up my entrepreneurial qualities and characteristics, I am in a better position to know how best I can use my knowledge of myself to influence performance. Thus, in this article, my aim is to document how my understanding of my leadership style and entrepreneurial qualities and characteristics can be of importance in business.
Leadership Style
Authoritarian = 17 – moderate range
Democratic = 28 – very high range
Laissez-faire = 24 – high range
Leadership style entails the type of leadership one decides to become. As a leader, one could either be an authoritarian leader, a democratic leader, or a laissez-faire leader. These different styles of leadership yield different results. The end goal or target for any business is to attain some level of success and in business, success is measured in terms of how much profit an organization makes. If a business consistently makes profits and appears adaptable to changes in the markets, the leaders of such an organization are applauded and their style of leadership is considered effective. However, when a business consistently posts loses, the leaders of such an organization will be considered as ineffective and their style of leadership will be found wanting.
As per the results of my leadership style, I appear to be more democratic, share certain strong tendencies of laissez-faire leadership, and average authoritarian tendencies. Well, from the above, I can strongly say that my leadership style is varied but, on any scale, I will appear democratic. GO and Odivwri (2015, pg. 2) note that a “democratic leader allows for decision making to be shared by the leader and the group.” They continue to indicate that “criticism and praises are objectively given and a feeling of responsibility is developed within the group.” What this means is that a democratic leader understa...