True Entrepreneurs are Always True Business Leaders

"If your actions inspire others to dream more, learn more,

do more and become more, you are a leader."
John Quincy Adams

Last thirty years have witnessed the most powerful emergence of
entrepreneurial activity in the world. Entrepreneurs are now described as
aggressive catalysts for change in the world of business. The passion and
drive of entrepreneurs move the world of business forward as they
challenge the unknown and continuously create the future (Kuratko, 2007).


Entrepreneurs must have the qualities of leadership to take his/her
business in a supreme position. Leadership is a function of knowing
yourself, having a vision that is well communicated, building trust among
colleagues, and taking effective action to realize your own leadership
potential (Warren B., 2003).


Second Session: Leadership
First Task
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Entrepreneurship is the process of identifying opportunities; marshaling
resources pursue the opportunities and committing actions and resources
necessary to exploit the opportunities for long term personal gain (Bose,
T.K, 2012). Entrepreneurship may also be defined as the pursuit of
opportunity without regard to resources currently controlled
(Stevenson,1983). An Entrepreneur is a person who supplies financial
capital, an innovator, a manager or superintendent, an organizer an
coordinator of economic resources, an owner of an enterprise, an employer
of factors of production (Bose, T.K, 2012).


Any type of organization runs successfully when it is piloted by skillful and
influential leaders. While leaders motivate their followers, it is not the only
thing leaders can do. A good leader can structure the organization in the
way he wants. He represents the culture of the organization and most
importantly, it has been observed that effective leaders possess a capacity
to increase the productivity of the organization (Palshikar K.,2002). Thus
the term entrepreneurship is closely related with Leadership.


Entrepreneurs primarily motivated by an overwhelming need for
achievement and strong urge to build. They are cunning, opportunistic,
creative, and unsentimental. Entrepreneurs are mercurial, that is, prone to
insights, deceptions, resourcefulness, overconfidence and over
generalizations (Berly J., Collins and Moore, Bird and Barne, No Date).
Meantime, leadership takes a strong personality with a well-developed
positive ego. To lead, self-confidence and high self-esteem are useful,
perhaps even essential (Mcclelland D. 1992). Entrepreneurs must have five
traits (Vecchio, 2003):

Risk-taking propensity
Need for achievement
Need for autonomy
Self-efficacy
Locus of control


Mark Zuckerberg Chairman and CEO of Facebook.Inc is an example of
successful entrepreneur as well as successful business leaders. Started in
February, 2004 Facebook was the first social network that connects people
all over the world. Zuckerberg has been able to successfully lead Facebook
and in the year of 2012 it has 900 million active users worldwide.
(Wikipedia)


Entrepreneurs bring something new by taking risks. These tasks need
proper direction and guidance to reach its destination. Otherwise these
initiatives will never come into light. Thus leadership is a very crucial thing
while planning for something new.



Leaders are made, not born. In Business, the role and importance of
successful Leaders are beyond imagination. Innovation is creating
something new and to make it available to everyone it requires an eligible
person. There have been a number of Entrepreneurs in this world but
history says only those have got fame, status and money those have been
able to successfully lead his/her initiatives. Thus it can be said that true
Entrepreneurs are true Business Leaders.















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Kuratko F.D (2007), Entrepreneurial Leadership in the 21st Century,
Journal of Leadership and Organizational Studies, 13(4), P-01. Indiana
University, Bloomington.

Bennis W.(2003). Our Definition of Leadership Available from
http://www.teal.org.uk/leadership/definition.htm. Accessed by: 3
July,2012.

Palshikar K. (2002), Charismatic Leadership, Journal of Charismatic
Leadership, 2(1), P-01.

Bose, T.K (2012), Business Inovation and The Study of Enterpreneurship,
Khulna University; Accessed by: 3 July,2012, PP-10-11

Stevenson J., Myra M.H, Frontiers of Entrepreneurship Research, Journal
of LEVERAGING RESOURCES: BUILDING AN ORGANIZATION ON AN
ENTREPRENEURIAL RESOURCE BASE, 10(3), P-03.

Berly J., Collins and Moore, Bird, Busenitz and Barne,( No Date). Available
from http://en.wikipedia.org/wiki/Entrepreneurship Accessed By: 3
July,2012.

McClelland D., Horton T., The CEO Paradox, Available from
http://en.wikipedia.org/wiki/Leadership#cite_note-22 . Accessed By: July 3,
2012.

Vecchio, Robert P. (2003). Entrepreneurship and Leadership: Common
Trends and Common Threads. Human Resource Management Review. 13,
PP-303-327
http://en.wikipedia.org/wiki/Facebook
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