Entrepreneurial leaders are those who are drawn to new opportunities, are action-oriented, and are more focused on innovation, invention, and developing new procedures than on maintaining the status quo.
Entrepreneurial leadership entails coordinating and inspiring a team to work toward a shared goal through innovation, risk minimization, seizing opportunities, and controlling the ever-changing organizational environment.
Successful leader knows why they are doing what they are doing and has a clear vision for the firm. They have created a detailed business plan. You cannot expect others to follow your lead or establish expectations for them without a solid foundation.
Entrepreneurship is a set of characteristics that an entrepreneur possesses and uses to start his or her enterprises. However, leadership is the process of inspiring people and establishing an environment in which they can achieve the objectives of the organization. As a result, entrepreneurship and leadership are very different.
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