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Balanced Organization: 5 Basic Elements
Leadership (Fire):
Entrepreneurial Leadership Defined
In the new era of rapid changes and
knowledge-based enterprises, managerial work becomes increasingly
a leadership task. Leadership is the primary force behind successful change.
Leaders empower employees to act on the
vision. They execute through
inspiration and develop implementation capacity networks through a complex
web of aligned relationships.
In the increasingly
turbulent and competitive environment business firms face today, a
new type of "entrepreneurial" leader distinct from other behavioral
forms of managerial leadership is required.
Entrepreneurial leadership is leadership that is based
on the attitude that the leader is self-employed. Leaders of this
type:
Entrepreneurial leadership involves instilling the
confidence to think, behave and act with
entrepreneurship in the
interests of fully realizing the intended purpose of the organization
to the beneficial growth of all stakeholders involved.
Entrepreneurial
Mindset
Venture values are different from established corporate
shared values. "Entrepreneurial
independence demands space for action and
trust, while independence in
a corporation implies responsibility and control imposed from above.
Entrepreneurial
speed
demands agility, experimentation, adaptation, and rapid response in
order to be first to market. Corporate experimentation comprises
analysis, review, sober consideration of facts, and willingness
sacrifice speed for thoroughness. Entrepreneurial paranoia -
competitors are catching up to us - is overshadowed by an essential
need to build corporate consensus and minimize perceived risk."6...
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Leadership-Management
Synergy
Leaders:
Pursue opportunities.
Managers:
Reduce risks.
► Resulting synergy:
Strategic Achievements...
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18 Leadership Lessons from Colin Powell
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You don't know what you can get away with until you
try. Good leaders don't wait for official blessing to try out. If you
ask enough people for permission, you inevitably come up against someone who
believes his job is to say "no". So, the moral is, don't ask....
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Create an Inspiring Vision
Your vision
statement should be short and inspiring. It must set a challenging
and stretching goal that gives employees enormous freedom in finding
ways to achieve it.
You have also to communicate the message that doing
what you do now, only better, is not enough. If you do what you
always did then you will not even get what you always got as you
have to keep growing to stay where you are. "You have to
do something different to get different results. You have to do
something significantly smarter to get significantly better
results."7...
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Top 7 Principles For Transforming Your
Business From Mediocre To Great
Dare To
Be Different.
Contrarians are the change agents in the business world.
These
wealth-building businesses are not simply "executing better"
– they're
radically changing the rules
of the success game in their
field or industry. Where in your business can you break the
rules? How can you set yourself apart from the crowd in your
industry?...
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Entrepreneurial
Creativity
"Creativity
is a continuous activity for the entrepreneur, always seeing new ways of
doing things with little concern for how difficult they might be or whether
the resources are available. But the creativity in the entrepreneur is
combine with the ability to innovate, to take the idea and make it work in
practice.
 This seeing something through to the end and not being satisfied
until all is accomplished is a central
motivation for the entrepreneur. Indeed once the project is accomplished
the entrepreneur seeks another 'mountain to climb' because for him or her
creativity and innovation are habitual,
something that he or she just has to keep on doing."1...
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Leading Innovation
Leading innovation is a delicate and challenging
process. You need to encourage expansive
out-of-the-box thinking to
generate new ideas, but also filter through these ideas to decide
which to commercialize. Use a balanced "loose-tight" style of
leadership for this purpose. "Loose-tight leadership alternates the
creation of space for idea generation and free exploration with a
deliberate tightening that selects and tests specific ideas for
further investment and development."2
Looseness usually
dominates the early stages of the innovation process; in the later
stages, tightening becomes more important to scrutinize the concepts
and bring the selected ones to the market.
A balanced approach is essential to loose-tight
leadership. Those who remain loose too long generate plenty of ideas
but have difficulty commercializing them. Those who lock into the
tight mode choke off all but most obvious ideas, thus confining
innovation to incremental line extensions of existing products that
add little value.
Turning Failures To
Opportunities: 3 Steps
1. Get rid of all negative
emotions – and lean: There is no failure, only
feedback!...
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Change and
Leadership...
Making Quick Decisions...
Discovering and Pursuing
Opportunities...
What Today's Workplace Needs Its
Leaders To Do...
Creative Leadership...
Continuous Rewriting of Leadership
Rules...
Tips for Making the
Vision a Reality...
Leading
Transformational Change...
Making Big Changes...
10 Steps to Develop Entrepreneurial
Staff...
Creating Change...
Leading Change...
Leading Radical Innovation...
Overcoming Resistance to Change...
Rewrite Leadership
Rules Continuously...
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