4 pages/≈1100 words
Communications & Media
Entrepreneurial Leadership (Essay Sample)
Assignment #1: Entrepreneurial Leadership Read these brief quotes and/or scenarios about entrepreneurs: * Larry Page and Sergey Brin founded Google, a leader in Internet search technology, while they were graduate students at Stanford University. The company's mission statement is: "to organize the world's information and make it universally accessible and useful.” However, the company's unofficial slogan is “don't be evil.” * Thomas Edison: "I never perfected an invention that I did not think about in terms of the service it might give others... I find out what the world needs, then I proceed to invent." * Victor Kiam (Remington Electric Shavers): "Entrepreneurs are risk takers, willing to roll the dice with their money or reputation on the line in support of an idea or enterprise. They willingly assume responsibility for the success or failure of a venture and are answerable for all its facets." * Peter Drucker (Leader in management thinking): The entrepreneur always searches for change, responds to it, and exploits it as an opportunity. * Blake Mycoskie created TOMS, a company that would match every pair of shoes purchased with a pair of new shoes given to a child in need, after visiting Argentina and found so many children had no shoes to protect their feet. He calls the movement: “ One for One.” * Anita Roddick, founder of The Body Shop, develops and markets natural cosmetic products. In addition to developing and selling natural cosmetics, she advocates community trade, human rights, and animal protection. * Research two leading entrepreneurs to determine their entrepreneurial approaches —one in each of the following categories: (1) profit oriented, (2) social responsibility oriented. Write a 4-6 page paper in which you: 1. Analyze and describe the founding leader(s), leadership style, and major business principles of a profit-oriented entrepreneurial approach in which the primary goal is to provide a product or service to consumers and to make a profit. 2. Analyze and describe the founding leader(s), leadership style, and major business principles of a social-responsibility oriented entrepreneurial approach in which the primary is goal to make a positive impact on society (people, families, ecology, or similar) while providing a product or service to consumers and to make a profit. 3. Determine the approach and leadership style with which you most identify and explain your reasons for your choice. 4. Determine what three resources or tools available through the Small Business Administration and SCORE would be the most useful to the type of business and entrepreneurial approach you identified with. Explain your reasons. 5. Use a minimum of three (3) quality external resources from the last five (5) years to support the content of the paper. (Note: Do not use Wiki sites.) Your assignment must: * Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions. * Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length. The specific course learning outcomes associated with this assignment are: * Examine the private enterprise systems, drivers of change on the system, ethical and social responsibilities of business, and the requirements for success in today's business environment. * Evaluate the different forms of business ownership to determine the optimal structure in different scenarios and the process for a business start-up. * Use technology and information resources to research issues in contemporary business. * Write clearly and concisely about contemporary business using proper writing mechanics. source..
(March 18, 2012)
Bill Gates leadership uses participative style because he involves his subordinate in his decision making. He is very flexible and recognizes his role to be visionary to his company. If any he is needed to run his business he brings professional manager for managing and putting up a better structure of the organization. He is hard working and has a strong character. His judgment skills reflect the personality he has. He mainly involves his friends in his daily activities that help him achieve the great success Microsoft has gained in the past years (Junarso, 2009).
Gates uses several principles in making sure that his business attains its objectives. One of the principles that he has used over the years is the principle to “always pursue for success”. The world will never care who you are what actually matters is the service or he product that you produce. Gates has exploited this by coming up with creative ideas which he has sold to the greater world and achieved greatly in terms of profits.
No pain no gain. This is a slogan/principle that Bill Gates has often used in his many seminars all over the world. Without hard work and out most dedication success can never be achieved in any way. This is the basic life principle and also applies to the business world. Gate has worked hard over many years to create a good name and create a brand name Microsoft, by doing this people have responded by buying his products and therefore achieve his goals.
No matter how big or small a business is, everything matters. This will involve the small advices you get from your subordinates staff. It will also involve addressing the customer’s plea in addressing their problems. Thus by taking the simple steps Gates has improved his products and service to his customers; the customers appreciate his work and thus “run” his business (Thornberry, 2006).
Value your time. A day has only 24 hours Gates emphasizes on the value of time. Putting your time into process that can make you grow, make you succeed. This is what Gate has used over the years he has been the CEO of Microsoft. This mainly involves decision making, if you have an emergent decision to be made then time is of the essence in this case and time management will be the one to address your problem. Gate s has mastered the skill of time management and that is why he will continue to climb higher heights in the business world.
Another significant entrepreneur in the modern world is Mark Zuckerberg. Most of the world population is familiar with Facebook. It has over 800 million users with 70% of the users outside the U.S which is the home country of Mark. It has dominated the cyber space. The founder Mark has leadership style is that of an “analyzer”, one that not only welcomes change but also embraces it.
He first embraced change when deciding when to d...
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