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Premise Premise Entrepreneurial leadership will Entrepreneurial leadership will accelerate achievement of accelerate achievement of organizational goals, enhance organizational goals, enhance organizational performance organizational performance What do each of these successful What do each of these successful entrepreneurial leaders have in common? entrepreneurial leaders have in common? Entrepreneurial leadership starts with Entrepreneurial leadership starts with having an entrepreneurial mindset. having an entrepreneurial mindset. Entrepreneurial Mindset Entrepreneurial Mindset Leading like an entrepreneur requires: Leading like an entrepreneur requires: – Internal locus of control Internal locus of control – Tolerance for ambiguity Tolerance for ambiguity – Willingness to hire people smarter than oneself Willingness to hire people smarter than oneself – Consistent drive to create, build or change things Consistent drive to create, build or change things – Passion for an opportunity Passion for an opportunity – Sense of urgency Sense of urgency – Perseverance Perseverance – Resilience Resilience – Optimism Optimism – Sense of humor about oneself Sense of humor about oneself Characteristics of Characteristics of Entrepreneurial Leaders Entrepreneurial Leaders Internal Locus of Control Tolerance for Ambiguity Internal Locus of Control Tolerance for Ambiguity “In the hands of the Gods” “In the hands of the Gods” Leading in the midst of chaos Leading in the midst of chaos and uncertainty and uncertainty See opportunities others don’t Fate is in charge See opportunities others don’t Fate is in charge see see Offsets: “Go with the flow” Offsets: “Go with the flow” – Knowing the process Knowing the process – Knowing which way is north Knowing which way is north – Embracing the vision Embracing the vision Opportunity identification, Opportunity identification, development and capturing a More in control than controlled development and capturing a More in control than controlled new venture concept = messy new venture concept = messy affair affair Chaos ≠ problem; chaos = fun. Leadership of the self Chaos ≠ problem; chaos = fun. Leadership of the self Characteristics of Entrepreneurial Leaders….. Characteristics of Entrepreneurial Leaders….. Willingness to Hire Willingness to Hire Consistent Drive Consistent Drive Smarter People Smarter People Hire to complement self identified Hire to complement self identified Set the pace for leading the business Set the pace for leading the business weaknesses weaknesses Energy to change (not invent) things: Energy to change (not invent) things: – Most entrepreneurial leaders change, Most entrepreneurial leaders change, – Challenge to accept ‘outside’ Challenge to accept ‘outside’ not invent, things not invent, things leadership leadership – Change requires motivation and Change requires motivation and leadership leadership Self imposed momentum Self imposed momentum
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