CREATING SMART LEADERS OF TOMORROW – LESSONS ON STRATEGY LEADERSHIP
Titles don’t make leaders. Neither does giving directions.
You don’t need to be heading an organization to lead. Strong leaders are highly revered and needed at every level of business. In fact, some of the most popular business leaders don’t come from supervisory, but from nooks and corners where they move teams and individuals (sometimes even better than managers). What’s their secret?
The business world has seen a variety of leaders – from Zuckerberg with his boyish earnestness and blunt Bill Gates to Satya Nadella known for his empathic leadership. There has been a proven correlation between leadership development and high performance in organizations (see McKinsey report on Developing Leadership Capabilities). As organizations make leadership development a central part of their business strategy, here’s to explore the common threads and personality traits between successful strategic leaders.
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Starting Your Venture? Know These Phases of Entrepreneurship
The entrepreneurship journey is different for each business vertical and one has to tread their path. ‘Chose your own adventure’ is the saying that goes with entrepreneurship. The entrepreneurial traits get shaped by human activities and the critical factors that drive business development are human behavior and environment. If an entrepreneur looks for characteristics’ surroundings, the chances of success increase as everyone over there belong to the same ecosystem.
However, everyone passes through the same phases of entrepreneurship. The entrepreneurial process consists of a set of stages and events that follow one another.
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There is no particular time slot for anyone to become an entrepreneur. One can become an entrepreneur at a young age of twenty or a later stage in life, say at 72. Age or season never matters. What matters is the passion, knowledge, and experience. However, to start a business, there are certain principles or strategies.
You should have gained an appreciable amount of knowledge and have non-reducing capital to start a business (some business may get started with less than US$ 100 too). Having some marketing experience, knowledge about in- and outs of cash flow and a brand-new idea would give the confidence to start a business right away. Before getting into the detail, here are some of the traits of a successful entrepreneur.