Entrepreneurial Leadership
© Sabari Ganesh; “All Rights Reserved”
authorsabariganesh@gmail.com
authorsabariganesh@gmail.com
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The ever
enduring excuse to explore, ensuing espials; and incessant inquisitive
intellect inducing incidental inventions have been the duple dictates determining
the development of human race. The sequent sophistication of life delimitated by
didactics and trade; aiming at bourgeois betterment and build-up have blossomed
out new boulevards of professional value proposition. Mankind has tread a long
way from patrimonial vocation. The intellectual exhibition of dynamism in
response to keyed out latent demands of the target segment has metamorphosed traditional
business models.
The
introduction of promissory notes as legal tender has dislodged the focus of business.
Business as an activity is no longer constituted on correlative coincidence of desiderata;
but has become a vehicle to accumulate wealth. The emergence of marketing as a
strategic splurge has reaped singular success in the psychological domain; feigning
luxuries as inevitable needs. The saturation of efforts in differentiation
based on products; associated services; intangible worthiness of brands has
resulted in repositioning business as an offer of solutions that nurture silver
bullets.
The surmounting
of business as a professional activity; compounded by the opening up of world economies
to resources and products under the auspices of WTO has resulted in the
unification of markets. The concomitant compounding of competition demanding
admirable answers at attractive assessments has resulted in convergence of core
competencies and refined processes. Placebo effect is the distinct demand of
skills and associated virtuosic acumen that nurture an exhaustive endeavour in ensuring
mellowed productivity at moderate costs.
Economic
prosperity of a business enterprise is stringently strung-out on the sensitivity
shewed by its offer of solutions, to create strategic value in sync with the a
la mode demand dictums of the target segment. The demand push of the market has
manoeuvred the focus of management from money, machinery and meritocracy to
adaptability in demanding situations. The impetus provided by governments in
facilitating and aiding new ventures borne of ideas and solutions resting on
adaptability to demand has resulted in the proliferation of micro, small and
medium enterprises (MSMEs).
The
thriving medium of MSMEs is the ability to perceive latent and/or derived
opportunity and the professional expertise to exploit it; luxuriating on the supportive
legislative initiatives. Statistics project that around 600 million jobs need
to be created by 2025 to employ the then eligible work force and MSMEs are envisioned
to pronounce the requisite rilievo. The mushrooming business entities causing market
turbulence and increased incidence of competition among players has eventually crafted
a refreshing leadership style termed 'Entrepreneurial Leadership'.
The
substratum of Entrepreneurial Leadership is the ability to creative destruction
of existing processes vouching value to suit the dynamics of evolving demand.
The skill in necessitation is the acumen to manage the available resources
strategically attempting advantage withal opportunistically. The ensuing metamorphic
ability of the enterprise to reinvent and remain relevant is reliant on the reflective
abilities of the participating professionals at their exclusive assertive limits.
The singular chief character of a successful entrepreneurial leader is a
vibrant and vivacious social cognition.
The
duple determinants of an efficacious entrepreneurial leadership is the skill to
visualise and presage an alluring scenario thereby enlivening and influencing
the team of professionals with the necessary skills to achieve in reality the make-believe
construct. Result is an integrated approach to synthesis of information,
leading to insightful ideas, thereby innovating invigorated deliverables that deepen
the target segment. The thus created economic opportunities reinvent and render
a strong brand identity and differentiation amidst competition while remaining
a potent barrier to emulate.
The
tetra towers that sustain a successful venture borne out of entrepreneurial
leadership is Vision, Influence, Planning and Innovation. The critical
criterion is the ability build on strengths and resources churning out enticing
deliverables. Business units borne out of entrepreneurial efficacy are small in
scale, limited in resources, fragile in organisation structure, mapped out on
calculated risks; albeit contribute significant economic value to the society. The
basal profile of an employee in such an organisation is the ability to learn on
the job and through existential modalities.
The
impact of entrepreneurial crusades of MSMEs in the education sector is the
commercialisation of research activities undertaken in universities. Concentrates
of learning, education, and academic research in an effort to remain relevant, insure
inevitability and induct investments; have been impelled to instruct nodes of
intersection with the industry, especially MSMEs minimising the distinction
between academic researchers and entrepreneurs in terms of information and
technical noesis. The cascading effect is the proliferation of Professional Entrepreneurial
Consultants.
Entrepreneurial
orientation in a professional, in principle; is a process construct to
research, redefine, reclaim existing processes and deliver soothing solutions
that corresponds demand. The principal undercurrent of nurturing the trait of
Entrepreneurial Leadership in a professional is the ability to concentre proposal,
purpose and performance. Strategic Business Units that spring within an
existing parent company upon a worthy argument of entrepreneurial ambit based
on demand dictum of the market has created a unique classification termed
'Corporate Entrepreneurial Ventures'.
The
substratum of Corporate Entrepreneurial Ventures reflects on the disposition of
the employees in the organisation at individual level and/or as a team to remain
interpersonally supportive; perceive new business opportunities and the
possibility to create economic value to the stakeholders. The ability to unite
as a team, converging on an idea, without a leader; to build upon, transform
and innovate in response to the dynamics of the market would passively infuse a
lean organisation structure annihilating hierarchy and seniority; to pivot and revolve
on effective economic value creation.
The
stabilisation of such venture teams possess the inherent capacity to transcend
the boundaries of organisation and redefine the present employment scenario;
wherein a professional, instead of being identified with an organisation and/or
industry; is plotted based on the highly precise and fine tuned skill-sets possessed
that garner professional and economic value to oneself in the market. The future
belongs to professionals who nurture the trait of entrepreneurial leadership in
oneself. Continuous learning to gain relevant skills in vogue to associate with
multiple companies and/or professionals on contract terms, treading the path of
professional independence; guaranteeing maximum economic value is the presaged
future.
