Discuss the common elements described in the theories/philosophies of Case, Kouzes, and Drucker including how their principles/strategies relate to the new definition of entrepreneurial leadership presented in Understanding Entrepreneurial leader ship in today’s Dynamic Markets.
The new definition of entrepreneurial leadership is one of an enterprising, transformational leader who operates in the dynamic market that offers lucrative opportunities. It is also believed that the entrepreneurial leader has the following transformation leader dimensions. They are clarity, communication, consistency, caring, creating opportunities, self confidence, power need and its use, and vision (Tarabishy 2002). Steve Case, James Kouzes, and Peter Drucker have attributes that exemplifies entrepreneurial leadership.
All men are Captains of industry and are entrepreneurs, innovators, and business leaders who have varying ideas on leadership. But they all have common ideals that make them entrepreneurial leaders. Steve Case, the former CEO and Chairman of AOL, is the person behind the idea of the 3 P’s – People, Passion, and Perseverance. James Kouzes, a well-renowned leadership scholar with executive experience, co-authored the bestselling book, Leadership Challenge, named one of the top 10 books on leadership in The 100 Best Business Books of All Time. And Peter Drucker is known as the “father of modern management”. Many of his predictions about major developments in the late 20th century have indeed came true. This paper will analyze how the ideas and principles, of Case, Kouzes, and Drucker coincides with the new definition of entrepreneurial leadership.
Clarity- All three men try to simplify ideas with straightforward ideas. All believe in the model of Keeping it Simple. Ideas are kept brief, but are very poignant. Peter Drucker proposed four specific entrepreneurial strategies: Being Fustest with the Mostest; Hitting them where they ain’t; Finding and occupying a specialized “ecological niche”; and Changing the economic characteristics of a product, a market or an industry (Huskic n.d. ). Steve Case identified his ideals in three words: People, Passion and Perseverance. While James Kouzes simplified his philosophy to five practices of exemplarily leadership which are: model the way; inspired a shared vision; challenge the process; enable others to act: and encourage the heart (Kouzes 2008). All of these men provide clarity to their ideals but provide easy to follow guidelines to success.
Communication- Kouzes believed that you first are clear about a set of values and beliefs that will guide you, and then you need to set a personal example (Kouzes 2008). On one of Case first resumes he wrote, “technological advances in will result in our television becoming an information line” (Case 2010) .
Consistency- This characteristic is shown in all men. Case stated, “The real battle is not about the product it’s really about all of the attention and being...