Entrepreneurial Leadership

Entrepreneurial Leadership

© Sabari Ganesh; “All Rights Reserved” 
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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.