Unit 2: Leadership Lecturer: Ouch Phanhavisoth

1. What is Leadership? - The action of leading a group of people or an organization - The process of influencing and inspiring others to work to achieve a common goal and then giving them the power and the freedom to achieve it. 2. Entrepreneurs must take on many roles in their companies, but none is more important than that of leader.

 What are the different between Leaders and Entrepreneurs?

1. Entrepreneurs who start companies and leaders who grow companies. 2. Entrepreneurs tend to have high energy while leaders have moderate to high levels of energy. 3. Entrepreneurs generally have fair to poor listening skills. Leaders are good listeners. 4. Entrepreneurs are average to fair teachers. Leaders are fair to good teachers.

5. Entrepreneurs have average to fair emotional intelligence. Leaders have average to good emotional intelligence. 6. Entrepreneurs are always willing to take risks and are reasonably good at dealing with crises. Leaders are moderately willing to take risks in normal times but are great with crises. 7. Delegating. Entrepreneurs have very high control needs and cant delegate. Leaders have only moderate control needs and can delegate. 8. Entrepreneurs have a wide range of networking skills, from poor to great. Leaders generally have great networking skills.

9. Entrepreneurs will say You must do it but Leader will say We have to/should do it 10. successful entrepreneurs have hired or delegated to others the role of leadership. successful leader must be entrepreneurial, as well as innovative, as they need to undertake innovations

 Being a leader requires a special blend of leadership characteristics and leadership styles and skills in order to connect with those you're charged with guiding and directing Leadership characteristics and leadership styles and skills

1. Charismatic Leadership
- In which leaders inspire enthusiasm in their teams and are energetic in motivating others to move forward; task-oriented leadership, whose leaders focus only on getting the job done; people-oriented leadership, in which leaders are tuned into organizing, supporting and developing people on their teams.

2. Transformation Leadership
- whose leaders inspire by expecting the best from everyone and themselves.

3. Post-Heroic Leadership
a. Past decade/Traditional heroes
- A common view of leaders is that they are heroes and have sole responsibility to set or organize their companys goal, control their team, and manage their performance. - It is foolhardy for them to solve all problems by himself or herself alone.

b. New century/Post-heroic
1. Using vision to motivate and inspire 2. Empowering employees at all level 3. Risk taking and enabling creativity 4. work to create highly participative teams and organizations characterized by shared commitment and responsibility.

1. Leadership is setting a new direction or vision for a group that they follow, ie: a leader is the spearhead for that new direction. 2. Management controls or directs people/resources in a group according to principles or values that have already been established.

- The two dancers are sometimes not equal. One takes the Lead and the other is the Follow.

1. What is power?
- The ability to influence other people. - In organization, this often means the ability to get things done or accomplish ones goals despite resistance from others.

2. Sources of Power
- Legitimate Power: The Leader with Legitimate Power has the right, or the authority, to tell others what to do; employees are obligated to comply with legitimate orders.

- Reward Power: The leader who has reward power influences others because she/he controls valued reward; people comply with the leaders wishes in order to receive those reward. - Coercive Power: The leader with coercive power influences has control over punishments; people comply to avoid those punishments. - Referent Power: The leader with referent power has personal characteristics that appeal to other; people comply because of admiration, a desire for approval, personal liking, or a desire to be like the leader.

1. Vision is the result of an entrepreneurs dream of something that does not exist yet and the ability to paint a compelling picture of that dream for everyone to see. 2. A clearly defined vision: - Provides direction - Determines decisions - Motivates people

1. Ive observed methods and skills of my bosses that I respect 2. By taking risks, trying, and learning from my mistakes 3. Reading autobiographies of leaders I admire to try to understand how they think 4. Lots of practice 5. By making mistakes myself and trying a different approach 6. By purposely engaging with others to get things done 7. By being put in positions of responsibility that other people counted on