In addition, it is also important that the leaders create and measure motivational activities among employees, without impaired them into inflexible people. The second one is to acknowledge and give credit to your own efforts, not to the opportunity. Only your entrepreneurial abilities and skills will determine the outcome of your business. Entrepreneurs can practice this by giving themselves time to reflect and congratulate themselves for the achievement. Finally, the third one is to seek and enjoy working with people from different backgrounds and cultures.
Always see yourself succeeding. Being successful is your main objective and if won’t think success then your dream might fade before you achieve it. Thinking success will keep your mind focused on what you want to be hence, it is a vital feature for any entrepreneur to have for them to realize success. 2. Always Plan Accordingly Proper planning is one of the foremost factors for any entrepreneur to employ.
This is important for the entrepreneur because when thinking about their business ideas and decide to execute one they will have to think innovatively. In order to do that they will have to “step in their customers shoes” to see how their business can become better for them. Most of the time the best ideas come from the customers since they are the ones that are hands on using the product or getting the service you sell, so getting to know the customer is really crucial to a business. As an entrepreneur you will have to ask yourself over and over again, “Who is your
CEO says, keeping the good talent in the company which matches company’s culture, understands the business , go extra mile for the company is important. His thoughts clarify how serious efforts he invests in talent and man power. According to Godrej, top management tries to speak to every individual who is taken on board. Company’s right image is by its people and if you don’t get the right people, possibilities of you won’t get anything right is higher. To sustain organizational growth in today’s market it is important to keep investing in your employees and understand the job market intensively.
With good reputation, it helps firms to create competitive advantage in the business environment. Thus, instead of focus on short-term profit maximizing or costs saving, firms should be stakeholder-oriented. A firm which is stakeholder-oriented focuses on the need of their stakeholder such as employees, customers, society and others who have a direct economic link to the firm (Habil, n.d.). Businesses that are socially responsible will avoid actions that may cause detrimental to stakeholders. They have greater concern on stakeholder well –being.
Introduction Team dynamics and groups are used by multinational to owned locally companies and environment of Multinational Corporation as part of project to create, develop, or research a new product, procedure or solution. Regardless of the environment, team dynamics is a growing trend. Realizing that results from a successful learning team as a whole outweigh any possible results from the team’s individual members by themselves only adds value to the team dynamics concept. A successful team dynamics completion can only be accomplished by the supervision of an excellent team leader. Orchestrating a successful team through its life cycle if difficult and takes a special person to lead the team.
I believe that the rewards of this approach outway the challenges in the development of my organizations. I see the challenges for larger organizations have in implementing a servant leadership approach, as it may go against the organization 's vision. More importantly, I believe that the servant leadership strategy has a place in the leadership world. Especially for myself who 's goals are to become a successful entrepreneur who values his employees in achieving their goals. Sharing my experience and insight from years of learning on the job.
Technopreneur’s is entrepreneurs who starts their own business using technology, new ideas, originative, enthusiastic, and self-confident and fervent about their work. They are always ready to accept risk, face trials and aim for greater achievement. Technopreneur’s struggle for continual improvement of the economy. Technopreneur’s are ready to accept failure because they view things differently and walks persistently for next challenge. Technopreneur’s intelligence can be seen by the way he/she think, the way he/she moves, and most importantly the self-assurance to improve and establish his/her business.
Challenges Anthem set its strategic objective to become the best in the industry. The goals in the organisation were clear but it was not simple. In order to achieve its goals, the company wanted to change the existing culture and promote a learning culture. One of the first tasks was to break the bureaucracy and facilitate free and effective communication. Anthem’s leadership team wanted to enable employees for self-leadership and focus on business results.
Leadership: Definition Leadership is the process of influencing the motive of the employees and so directing, guiding them to the proper completion of the short-term goals and the mission, vision of the firm. Leadership referring to achieve a specific set of goals of the business enterprise by minimizing risk and more advantage of opportunities is also called Entrepreneurial Leadership (Rao, 2015). Today leadership is such an iterative process when the leaders should have a variety of qualities and expertise in different area of management. Here, different theories will be explained which can clearly identify the scope, the responsibilities and the area of expertise required to be successful leader. Nature of leadership There are two ways a leader can show its leadership approaches; one is trait-based leadership and another one is the situation-based leadership.