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Entrepreneurship and Leadership Case Study Analysis

Introduction

Leadership can be defined as a process through which a person influences others in achieving a goal and directs the organization in such a way that it becomes more cohesive and coherent. This method is carried out by leaders who apply qualities to their leadership, such as principles, values, ethics, character, experience, and skills. Entrepreneur, on the other hand, as defined in Webster’s Dictionary, is a person who organizes and manages a business undertaking, assuming risk for the sake of profit. Both, Leaders as well as Entrepreneurs are essential elements / factors for the growth and development of any business enterprise. We build plans and objectives that can be accomplished in a fixed amount of time and lay down guidelines for their employees / followers to follow attain those goals. It is of utmost importance for a company to be a successful venture to have its leader as a visionary. Considering future as an inevitable element of planning for an organizational strategy is thus, one of the crucial factors while aiming for the desired goals set by these leaders. The success of any organization is largely dependent on the various leadership styles, attributes, models applied during the process of achieving organizational goals, irrespective of the size, type or nature of the said business. The various leadership styles, models and attributes as well as the uncertainty of environmental factors in connection with Small and Medium Enterprises, as observed through various research findings and case studies are discussed elaborately in the following sections (Bass, Bernard, 2001).

Leadership Issues Faced by SMEs

The term SME refers to Small and Medium Sized Enterprise which employs fewer than 250 people, has an annual turnover of EUR 50 million or less or an annual balance sheet total, not more than EUR 43 million as per the Recommendation of the European Commission.

Some of the common leadership issues faced by SMEs include, lack of clear/ explicit vision and direction, focus on operational v/s strategic activity, no proper delegation of authority, shortage of space for leader’s personal development, lack of recognition of self-development needs, lack of time for or commitment to team development.

Entrepreneurship and Leadership Case Study Analysis

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