Success in today’s highly entrepreneurial business world requires the right tools, the right philosophy, and a certain amount of prudence. In developing an entrepreneurial leadership philosophy, one can emulate Kouzes, Drucker, and Case to develop style, strategy, and success. After developing such a hybrid, harmonizing one’s leadership style to the individual workplace is important, as is making oneself aware of the vast array of resources available to entrepreneurs.
A Hybrid Entrepreneurial Leadership Philosophy
Today’s business market is highly dynamic, not only because of competition, but because the market is constantly changing. To be a successful entrepreneurial leader, learning to exploit this condition is key. (Tarabishy, para 5) describes an entrepreneurial leader who holds a transformational leadership style, attends to the business culture, has a willingness to learn and an understanding of resources, and the skill to spot or create opportunities others cannot. Sashkin (1995) adds the need for- and finesse with- using power. James Kouzes, Peter Drucker, and Steve Case have picked up the proverbial ball and run with it, adding guidelines for exemplary leadership practices, a review of the three main entrepreneurial styles, and the importance of The Three P’s, respectively.
The first thing any leader needs to do is assess and develop is his style. There are five leadership practices Kouzes (2008) considers exemplary, and while shrewder practices are certainly employed, these have brought proven success. The first practice is to start with clear values and expectations, then set the example. This is the foundation of cultural awareness, and defines the milieu for all activities the business will conduct. Another exemplary practice is to anxiously engage everyone in the company’s vision. Here, an exciting avant-garde tone can be highly motivational. Challenging conventions and innovative risk-taking show prowess,...