Leadership and Entrepreneurship

1. What is Leadership?

Leadership is the ability to lead, motivate, and lead change in a direction so that the organization can achieve its goals and grow continuously. It is important to go beyond simply giving orders and present a vision and values, and create an environment in which members can voluntarily participate.

 

• Key Features

o Establishing and sharing a clear vision

o Member autonomy and motivation

o Promoting organizational performance and change

o Responsibility, active communication, and leading by example

o Forming a healthy organizational culture

“Leadership is developing ways to enable people to contribute to making great things happen.”

 

2. What is Entrepreneurship?

Entrepreneurship refers to the attitude and behavior of creating new value, seizing opportunities, and innovatively challenging and practicing them. It includes not only starting a business or managing a business, but also the “spirit of adventure and creativity” that pursues innovation while taking on uncertainty and risk.

 

• Key characteristics

o Creative thinking and pursuit of innovation

o Risk taking and acceptance of failure

o Opportunity capturing and driving force

o Challenge, passion, and persistence

o Social and economic value creation

“Entrepreneurship is the process of creating new businesses, taking risks to take advantage of opportunities, and leading change.”

 

3. The relationship between leadership and entrepreneurship

• Complementarity: The two are separate but closely connected. A good entrepreneur leads an organization based on strong leadership, and a competent leader also requires an entrepreneurial spirit that is not afraid of challenges and innovation.

• Essential competency: Entrepreneurship is the force that starts a new business and motivates, while leadership effectively gathers the members and resources of an organization to achieve goals.

• Key to success: When both elements are present at the same time, long-term growth and innovation of an organization or business are possible.

 

Summary

Leadership is the power to lead people and organizations to achieve goals and achieve sustainable growth for the organization. On the other hand, entrepreneurship refers to the attitude and behavior of discovering opportunities, taking on innovative challenges, and creating new values. These two are core competencies that must be possessed together in modern society and organizations, especially in environments that require rapid change and innovation.