Introduction -

Leadership
 Leadership has been defined in terms of
traits, behaviors, influence, interaction
patterns, role relationships and occupation of
an administrative position.

Most definitions of leadership reflect the

assumption that it involves a process whereby
intentional influence is exerted over other
people to guide, structure, and facilitate
 Leadership is the process of influencing others to
understand and agree about what needs to be
done and how to do it, and the process of
facilitating individual and collective efforts to
accomplish shared objectives.
 Leadership in Entrepreneurship can be defined as
"process of social influence in which one person can
enlist the aid and support of others in the
accomplishment of a common task,one who undertakes
innovation, finance and business acumen in an effort to
transform innovations into economic goods".
This refers to not only the act of entrepreneurship as
managing or starting a business, but how one manages
to do so by these social processes, or leadership skills.
 An entrepreneur typically has a mind-set that seeks
out potential opportunities during uncertain
times.This leads us to see that an entrepreneur
must have leadership skills or qualities in order to
see potential opportunities and act upon them.
An entrepreneur, at the core, is a decision maker.
Such decisions often affect an organization as a
whole, which is representative of their leadership
amongst the organization.
 So what are the traits the 21st century
leader needs to succeed?

Today's successful business leader is

decisive, insightful and constantly
challenging company conventions to keep
ideas flowing.
 Some of the factors that make a great leader
haven't really changed. The abilities to
innovate, execute and be a strong role
model for your staff will always be
essential.
But in addition to these qualities, a new
leadership style is emerging, with skills uniquely
tailored for success in today's environment.
 A modern leader identifies opportunities
before the competition, taking in information
from all sides to spot possible new directions.
A passion for achieving a goal and also a
willingness to go on the attack--against the
competition, and against weaknesses in
yourself and the organization.
 "You need to wage constructive war
continuously"
"It's not just firing people who aren't doing
the job, but also saying, 'What are we not
doing right?' and then acting on it.
It's a war on complacency."
Key traits that are crucial in our changing workplace

Adaptability - The whole idea that change is the

norm rather than the exception is not a tweak, but a
profound change in your job as a CEO. "Your job now is
to help the organization develop the capacity to adapt,
rather than stake out a vision and drive toward that.
oAdaptability is a very complicated process. You're
making hard choices, including sometimes giving up
values or beliefs, or ways of doing business that may
even have been crucial to earlier success.
oLeaders need to design their whole company for
adaptability, not just possess the trait themselves. Build an
environment where employees are encouraged to express
their points of view and to raise tough issues before they
become crises.
oHave an organization-wide emphasis on learning from
mistakes.
oPutting flexibility first helps leaders break out of established
problem-solving patterns to explore new options
Self-Awareness:Before leaders can tackle the
challenges at their organizations, they have to
look in the mirror.
The journey of leadership is first taking a look
at yourself.
Then you're ready to deal one-on-one, then you
can take over a team, and then an organization.
 Among the traits younger workers want
from leadership are authenticity,
accessibility and respect for their
individuality.
Purposefulness:- "Leadership is about going
somewhere, you need a clear vision that's about who
you are, your picture of the future, where you're
going."
What's better these days is for leaders to have a
strong sense of purpose they can express to their
workers--a compelling reason for everyone at the
company to come to work.
It's about building the world's best automobiles or
enabling people to be safe in their homes. It's a
Decisiveness:The days of holding endless
meetings to discuss possibilities are over. At the current
pace of change, fast action is what matters. The desire to
reach consensus or get buy-in from all parties has to be
curtailed at some point, and the leader has to make a
decision.
The ideal management style for the 21st century blends
both intuition and a focus on the bottom line, both people
skills and analytical strength.
Collaborative Skills:The problems today's
companies face can't be solved if leaders stay in
their own silos.
Managers who can work across boundaries--with
vendors, external partners, across business units
are more in demand.