Tuesday, July 23, 2019
UK's Fastest Growing Companies Dissertation Example | Topics and Well Written Essays - 4000 words
UK's Fastest Growing Companies - Dissertation Example Leadership is an important element of businesses in our modern era. Leadership in entrepreneurship involves the building of teams with complementary talents that can enable a business to attain its objectives (Timmons and Spinelli, 2006). à à à In essence, financial leadership is entrepreneurship in its own right. This is because entrepreneurship is about the combination of factors of production for the best results for the owners of a business à à à This suggests that a strong leadership is an indispensable tool for businesses. This is because the kind of leadership structure it has creates the framework for the pooling of resources for the attainment of a specific goal. In the era of privatization and the optimization of resources, leadership is central and essential in every business venture. à à à Timmons and Spinelli (2006) identify five main attributes of a leader in a business venture which include self-concept, intellectual honesty, pacemaking, courage, and communication. Self-concept is about a vision and a realistic approach to division of power for the attainment of results. Intellectual honesty suggests trustworthiness and high standards of integrity that a person in a leadership position has and encourages his/her followers to build and observe. Pacemaking refers to the ability to inspire and drive the attainment of set standards and visions.
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