Managerial Leadership:

Leading Innovation

Entrepreneurial Leadership

A New Managerial Task in the Era of Rampant Change

By: Vadim Kotelnikov

Founder, Ten3 Business e-Coach Inspiration and Innovation Unlimited!

  

"It is a constant struggle to find people who can be both entrepreneurial and conventional leaders... Finding them is the fundamental issue in any company that wants to grow." ~ Roger Ackerman, Chairman and CEO, Corning, a Fortune 50 company

 

 

Entrepreneurial Leadership Entrepreneurial Creativity Leadership Attributes Pursuing Opportunities Results-based Leadership Risk Taking Quotes Managerial Leadership Effective Leader Ten3 Business e-Coach (full version) 1000ventures.com Confidence Entrepreneur Sustainable Growth Strategies Balanced Business System Entrepreneurial Leadership: Specific Attributes of an Entrepreneurial Leader - Entrepreneurial Creativity, Taking Risk, Responsibility and Initiative

Two Action Roles of Entrepreneurial Leaders

  1. Initiate new business models and ideas

  2. Create and nurture entrepreneurial initiative in your organization

Leaders as Entrepreneurs

Ten Key Actions Roles3

  1. are persons who make a significant difference

  2. are creative and innovative

  3. spot and exploit opportunities

  4. find the resources and competencies required to exploit opportunities

  5. are good team-builders and networkers

  6. are determined in the face of adversity and competition

  7. manage change and risk

  8. have control of the business

  9. put the customer first

  10. create capital

Volatility Leadership Energizing Employees Coaching Leadership Attributes Entrepreneurial Creativity Strategic Thinking Balanced Approach to Business Systems Results-based Leadership Opportunity-driven Business Development Change Management Venture Management Effective Leadership Entrepreneurial Leadership Results-based Leadership Pursuing Opportunities Organizational Change Synergistic Marketing New People Partnership Sustainable Growth Strategies Entrepreneurial Leadership: Leadrship Attributes, Leadership Roles, Delivering Results

Balanced Organization

5 Basic Elements

Corporate Leadership (Fire):

Seven Sources of Entrepreneurial Opportunities

By Peter Drucker

Internal

  1. The unexpected the unexpected success, the unexpected failure, the unexpected outside event... More

Learning SWOT Questions

  • What went unexpectedly well and why?

  • Are there any new directions to be explored?... More

12 Effective Leadership Roles

  1. Create an inspiring vision; establish shared values; give direction and set stretch goals... More

 

Inspirational Leadership

10 Roles

  1. Encourage entrepreneurial creativity and experimentation... More

Major Leadership Schools: Correlation

Leadership-Management Synergy

Leaders: Pursue opportunities. Managers: Reduce risks.

► Resulting synergy: Strategic Achievement... More

How To Lead Creative People

By: Max DePree

  • Creative people need constraints... More

Turning Failures To Opportunities

3 Steps

  1. Get rid of all negative emotions and lean: There is no failure, only feedback!... More

Entrepreneurial Leadership Defined

In the new era. of rapid changes and knowledge-based enterprises, managerial work becomes increasingly a leadership task.

 

Leadership is the primary force behind successful change.

Leaders empower employees to act on the vision. They execute through inspiration and develop implementation capacity networks through a complex web of aligned relationships.

In the increasingly turbulent and competitive environment firms face today, a new type of "entrepreneurial" leader distinct from other behavioral forms of managerial leadership is required.

Leadership vs. Management

Specific Leadership Attributes

Entrepreneurial leaders have some specific leadership attributes.  Entrepreneurial leadership is leadership that is based on the attitude that the leader is self-employed. Leaders of this type:

Entrepreneurial leadership involves instilling the confidence to think, behave and act with entrepreneurship in the interests of fully realizing the intended purpose of the organization to the beneficial growth of all stakeholders involved.

Steve Jobs' 12 Rules of Success

18 Leadership Lessons from Colin Powell

  • You don't know what you can get away with until you try. Good leaders don't wait for official blessing to try out. If you ask enough people for permission, you inevitably come up against someone who believes his job is to say "no". So, the moral is, don't ask.... More

Entrepreneurial Mindset

Venture values are different from established corporate shared values. "Entrepreneurial independence demands space for action and trust, while independence in a corporation implies responsibility and control imposed from above.

 

Entrepreneurial speed demands agility, experimentation, adaptation, and rapid response in order to be first to market. Corporate experimentation comprises analysis, review, sober consideration of facts, and willingness sacrifice speed for thoroughness. Entrepreneurial paranoia competitors are catching up to us is overshadowed by an essential need to build corporate consensus and minimize perceived risk."6... More

Why Change Fails: 8 Errors Leaders Make

Create an Inspiring Vision

Your vision statement should be short and inspiring. It must set a challenging and stretching goal that gives employees enormous freedom in finding ways to achieve it.

You have also to communicate the message that doing what you do now, only better, is not enough. If you do what you always did then you will not even get what you always got as you have to keep growing to stay where you are. "You have to do something different to get different results. You have to do something significantly smarter significantly smarter to get significantly better results."7

Entrepreneurial Creativity

Entrepreneurial Creativity is about coming up with innovative ideas and turning them into value-creating profitable business activities.

Entrepreneurial creativity = creativity × entrepreneurial action... More

Leading Innovation

Leading innovation is a delicate and challenging process. You need to encourage expansive out-of-the-box thinking to generate new ideas, but also filter through these ideas to decide which to commercialize. Use a balanced "loose-tight" style of leadership for this purpose. "Loose-tight leadership alternates the creation of space for idea generation and free exploration with a deliberate tightening that selects and tests specific ideas for further investment and development."2

Looseness usually dominates the early stages of the innovation process; in the later stages, tightening becomes more important to scrutinize the concepts and bring the selected ones to the market.

A balanced approach is essential to loose-tight leadership. Those who remain loose too long generate plenty of ideas but have difficulty commercializing them. Those who lock into the tight mode choke off all but most obvious ideas, thus confining innovation to incremental line extensions of existing products that add little value... More

10 Key Project Leader Skills

7 Principles For Transforming Your Business From Mediocre To Great

Dare To Be Different. Contrarians are the change agents in the business world.

These wealth-building businesses are not simply "executing better" they're radically changing the rules of the success game in their field or industry. Where in your business can you break the rules? How can you set yourself apart from the crowd in your industry?... More

 

 Discover much more in the

FULL VERSION of e-Coach

Change and Leadership...

Transforming Existing Organizational Structures Into an Entrepreneurial Ecosystem...

Making Quick Decisions...

Discovering and Pursuing Opportunities...

What Today's Workplace Needs Its Leaders To Do...

Creative Leadership...

Continuous Rewriting of Leadership Rules...

Tips for Making the Vision a Reality...

Leading Transformational Change...

Making Big Changes...

10 Steps to Develop Entrepreneurial Staff...

Creating Change...

Leading Change...

Leading Radical Innovation...

Overcoming Resistance to Change...

Rewrite Leadership Rules Continuously...

 

 

References:

  1. Extreme Management, Mark Stevens

  2. Relentless Growth, Christopher Meyer

  3. Entrepreneurs, Bill Bolton and John Thompson

  4. Lead to Succeed, Colin Turner

  5. Leading on the Edge off Chaos, Emmet C. Murphy and Mark A. Murphy

  6. Venture Catalyst : The Five Strategies for Explosive Corporate Growth, Donald L. Laurie

  7. The Leader's Guide To Lateral Thinking," Paul Sloane

  8. Modern Management, Ninth Edition, Sameul C. Certo

  9. "On the Edge of Order and Chaos," Centre for Entreplexity

  10. Entrepreneurial Leadership, Vadim Kotelnikov

  11. 25 Lessons from Jack Welch, Vadim Kotelnikov

 

 

Pursuing Opportunities

Rapid Experimentation and Beta-Testing

Smart Executive

Techniques for Fast Idea Evaluation and Decision Making

Steve Jobs

Steve Jobs vs. Others

Steve Jobs' 12 Rules of Success

Extreme Leadership

Extreme Leadership: 10 Best Practices

Entrepreneurial Creativity

Turning Problems To Opportunities

Opportunity Quotes

Radical Project Management (RPM)

Specific Skills of Radical Project Managers

Case Studies

GE Digital X-Ray Project

Risk Management

Risk Taking Quotes

3 Strategies of Market Leaders

Tao of Value Innovation

 

Free Micro-course

10 slides

Leading Innovation