Entrepreneurial Skills and Business Management

Sam I.

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Entrepreneurial Skills and Business Management

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Entrepreneurial Skills, Business Management, Entrepreneurial leadership, business ethics, corporate social responsibility, company culture

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Abstract

Entrepreneurial leadership involves the emphasis placed on the use of design thinking, corporate social responsibility and business ethics with an aim of providing suitable solutions to problems. Business ethics focuses on the creation of long term organizational cultures by determining the right and wrong while considering, societal, legal and environmental perspectives. This means that entrepreneurial leadership should entail dynamic thinking in order to make informed decisions (Goossen & Stevens, 2013). Decisions are necessary for the growth of any venture since they determine how the venture will be operated.

Entrepreneurial leadership involves the emphasis placed on the use of design thinking
According to Sheila Moorcroft, 2025 is just over ten years away, and there are a lot of changes expected to happen
Ben Shaw's Vets First Choice venture can appropriately be applied in the scenario because of its company culture and leadership values
Leadership values in this context are defined as the important elements that positively influence how a venture operates
As the world begins to realize looming shortages of water, stakeholders, companies and investors care about the risk posed by global this issue
Alliance for Water Stewardship is a stakeholder company that drives collective responses of water scarcity risks
There are various implications or issues that the entrepreneurial leader needs to consider in order create a viable and sustainable stakeholder network
With the above mentioned issues, stakeholder network value can be realized in terms of revenue enhancement
There are various social media platforms that can be used to raise awareness concerning water scarcity issues and create new innovations

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[...] Discussion boards or forums such as Lefora and vBulletin can also be essential in creating new innovations with stakeholders. The discussion forums are online platforms that enable engagement between members of the community or society. The also offer options that allows people to give advice. With such a platform, entrepreneurs can engage in productive discussions with stakeholders concerning water shortage issues. In conclusion, success of entrepreneurial leadership can be measured in terms of values, corporate social responsibility and critical thinking. [...]

[...] Furthermore, innovation plays a vital role in the growth and sustainability of any venture. For example, innovation and utilization of business opportunities ensures sustained stakeholder network. Therefore, innovation and leadership values discussed above can help in solving global issues such as water scarcity. References Goossen, R.J., & Stevens, R.P. (2013). Entrepreneurial Leadership: Finding Your Calling, Making a Difference. Illinois: InterVarsity Press. Mind Tools. What are Your Values? Retrieved from http://www.mindtools.com/pages/article/newTED_85.htm Moorcroft, S. (2014, May 20). 2025-a very different world: are you ready? [...]

[...] Moreover, by 2030 water shortages will be usual condition in the business environment (Moorcroft, 2014). Considering that water shortages pose serious threats such as death of human life and retarded industrial growth, entrepreneurial leaders or companies should invent ways of addressing this issue. This issue can be addressed through avenues such as global stakeholders, leadership values and social responsibilities. Ben Shaw's Vets First Choice venture can appropriately be applied in the scenario because of its company culture and leadership values. [...]

[...] For example, business success can be a priority in any venture. The success can be measured through customer satisfaction, profits realized or sustenance of the venture. Success is evident in this company since there is customer satisfaction and positive returns. Furthermore, other entrepreneurial leadership values include: achievement, dynamism, growth, preparedness, commitment and focus among others. Ben Shaw can be considered to posses some of the above leadership values. For example, customer commitment ensures he attracts new customers, which in turn lead to realization of profits (Thompson, 2010). [...]

[...] Henceforth, this brings a vital element of entrepreneurial leadership known as innovation. Innovation is the central idea in the success and maintenance of any viable venture. It entails the development and incorporation of fresh and new ideas in a unique manner to solve issues. The ideas are developed through the critical thinking process. Furthermore, leadership values and change are also vital for entrepreneurial leadership as discussed in this paper. According to Sheila Moorcroft is just over ten years away, and there are a lot of changes expected to happen. [...]

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