Professional Documents
Culture Documents
African Entrepreneurs
Module 3
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01 Personal Leadership
Contents
Table of
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Although it may be difficult to precisely define leadership given its different At the end of the training, participants will be able to;
perspectives, it is important to have a better understanding of the concept if you
Analyze the Concept of Personal Leadership.
are striving to become an effective leader. A leader is someone who has
developed a group of followers. These followers have found something in that Understand and implement Entrepreneurship Leadership Skills.
leader that encourages them to “get hitched to his/her wagon.” Implement Personal Leadership Plan.
In fact, people tend to be attracted to leaders whose values are similar to theirs. Learn how to practice Team Leadership.
He or She could be termed a forceful and dynamic personality who really leads Understand the Concept of Strategy Formulation and Implementation.
from the front; an architect and implementer of strategist; a mediator in conflict Analyze Conceptualization of Critical Thinking & Problem-Solving
situations; an integrator who assures of good climate in the organization; a Techniques.
person able to motivate subordinates and who, by persuasion, compulsion or Identify the role of Innovation in Change Management.
example to others; succeeds in getting others to follow the leader’s wish.
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EMPOWERMEN
T
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Today, having just leadership or entrepreneurship qualities by business In recent times, entrepreneurial leadership has become a new phenomenon in business
managers is not enough for success of any enterprise. Managers need to management that needs to be extensively discussed. In this regard, the importance of
have both leadership and entrepreneurship qualities in order to be entrepreneurial leadership is emphasized by examining the concept of entrepreneurial
successful. At this point, the concept of entrepreneurial leadership emerges. leadership in all ramifications.
Entrepreneurial leadership is a new and modern type of leadership that is a Thus, Entrepreneurial leadership is defined as affecting and directing the performance of
combination of leadership qualities and spirit and soft skills of employees toward the achievement of organizational objectives that involve recognizing
entrepreneurship. In addition, entrepreneurial leadership is creating new and exploiting entrepreneurial opportunities.
products, new processes and expansion of opportunities in existing
businesses, working in social institutions and dealing with ignored social
issues, participating in social and political movements, contributing to the
change of current services and policies implemented by civil society
organizations and governments.
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IMPORTANCE OF ENTREPRENEURIAL
LEADERSHIP
Importance of Entrepreneurial Leadership cannot be overemphasized To ensure continuous business success, Entrepreneur personal leadership development plan is
since Entrepreneurial leadership is an important factor affecting the extremely important for business sustainability given the dynamic nature of the business environment.
performance of the company. Leaders of companies and especially This plan must include; Core Skills to Master, Experience Gaps to Close, New Relationships to Build,
leaders of small-scale family companies should have and use the Specific Tasks to Delegate, Key Action Items to Complete.
qualities of entrepreneurial leadership in order to continue their lives, Leaders are assessed not only on their own success but also on the success of their teams. Your
compete with their competitors and develop themselves to be able to personal leadership development plan should list the critical indicators of success for leaders and their
teams, which include but are not limited to the following:
run successful businesses.
Improving the quality of work
For example, not only that he teams up as a soccer player, he is the Improving teamwork and morale
Increasing delegation of responsibility
person who play in the field with the team as captain. Not only as an
Strategic planning and preparation
administrator who decide, give instructions and check their workers, Continuous learning for you and your team
but also, they are entrepreneurial leaders who captained the team and
However, there are a few activities that you can add to your regular routine to support your
showing the way to success.
development as a leader, such as;
Seek feedback and take time to reflect
Find a mentor and Sign up for training
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Commitment
TEAM LEADER
RESPONSIBILITIES
Constructive Conflict
Coach team members
Develop team strengths and improve weaknesses
Identify team goals and evaluate team progress
Resolve conflict Trust
Organize team initiatives
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Skill
As a leader, you can't force people to work harder; to be effective, you can only align your
team's efforts and work smarter and together.
Motivation
The qualities of an effective team leader can be broken into the following, in addition to
the example in the above chart.
Responsibility
Be Committed - Take time with your employees
Be Productive; Encourage debates, but keep them productive
Teamwork
Be Analytical; Tests your ideas (are they contested, or have you hired a herd of sheep)
Be Respectful; Respect time & privacy Communication
Communicate Clearly
Delegate Clearly; But Do Not micromanage
Competence
Be Creative; And don't let everyday task kill it for your team
Be Decisive; And kill off any procrastination
Support
Be Trustworthy; And build trust within your team
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Formulation and Strategy Implementation are the two most important But before we look at the difference let us examine the following
phases of strategic management process. Strategy Formulation means main steps in implementing a strategy:
crafting a combination of strategies and picking out the best one to
achieve the organizational goals and objectives and thereby reaching
Developing an organization having potential of carrying out strategy successfully.
the vision of the organization. It involves several steps which are
performed in chronological order.
Disbursement of abundant resources to strategy-essential activities.
Creating strategy-encouraging policies.
On the other hand, Strategy Implementation refers to the execution of
Employing best policies and programs for constant improvement.
the opted strategy, i.e., it converts the chosen strategy into action, for
Linking reward structure to accomplishment of results.
the realization of organizational goals and objectives. But there exists a
fine line of differences between strategy formulation and strategy Making use of strategic leadership.
Excellently formulated strategies will fail if they are not properly implemented.
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DISTINCT FEATURES OF STRATEGY FORMULATION & STRATEGY
IMPLEMENTATION
Strategy Formulation Vs Strategy Implementation (Comparison Chart)
Meaning Strategy Formulation refers to the preparation of Strategy Implementation means to bring the
a well thought strategy, that helps in the formulated strategy into action.
achievement of organizational goals.
Concept Placement of forces before action takes place. Managing forces at the time of strategy
execution.
WHAT IS CRITICAL
THINKING
Critical thinking is an intellectually disciplined process of They use the intellectual tools that critical thinking offers – concepts and principles
actively and skilfully conceptualizing, applying, analysing, that enable them to analyse, assess, and improve thinking. They work diligently to
synthesizing, and/or evaluating information gathered from, or develop the virtues of intellectual integrity, intellectual humility, intellectual civility,
generated by, observation, experience, reflection, reasoning, or intellectual empathy, intellectual sense of justice and confidence in reason.
communication, as a guide to belief and action.
In its exemplary form, it is based on universal intellectual values Critical thinking is self-guided, self-disciplined thinking which attempts to reason
that transcend subject matter divisions: with clarity, accuracy, at the highest level of quality in a fair-minded way. People who think critically
precision, consistency, relevance, sound evidence, good reasons, consistently attempt to live rationally, reasonably, empathically.
depth, breadth, and with fairness
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STAGES AND MODELS THAT CAN STIMULATE YOUR CREATIVE PROBLEM-SOLVING
SKILLS
WHY IS CRITICAL THINKING
IMPORTANT?
Objective Finding - Questions: What bottlenecks or barriers exist?
What is it that you wish to be better organized?
Why is critical thinking important in business? Business leaders take major actions every
Fact Finding - Questions: Who should be or is already involved?
day, from hiring and firing to reviewing financial earnings reports, participating in board
Why doesn’t/does it happen?
meetings and handling public relations crises. These are the precise areas in which critical
Problem Finding - Questions: What is the actual problem? What is
the key objective? thinking comes into play, as business leaders use this skill to make tough decisions, such as
Idea Finding - it is essential to investigate, brainstorm and letting an employee go or issuing a press release when scandal threatens to tarnish a company’s
determine as many probable solutions as you can.
reputation.
Solution Finding - Questions: Will it work? Are the technology and
materials available? Improve communication strategies. Communicating with different types of people requires
Acceptance Finding - The calls for action that you put out should defining the needs of the target audience, which demands critical thinking. For example, if a
be comprehended by all associated with the problem-solving company is being bought out by a competitor, the CEO must consider how this will impact
process so that it becomes an accepted solution.
everyone, from low-level employees to investors, and determine what messages to convey to
each party. Acting quickly is essential, as he or she should be the first to give the employees the
news to maintain their trust.
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Albert Einstein, Henry Ford, Marie Curie, Sigmund Freud…these are just a few
If you’re hoping to reach your full potential and make your mark on the world,
of the critical thinkers who have shaped our modern lives. Critical thinkers think cultivate the following characteristics of critical thinkers. They are:
clearly and rationally, and make logical connections between ideas -- they are crucial
to exploring and understanding the world we live in. Observation
Curiosity
There are six major obstacles to creative thinking that could be preventing you Objectivity
from learning how to improve your problem-solving skills for your business success. Introspection
If you fail to recognize any of them, they could be holding you back. They are: Analytical thinking
Lack of Direction from Yourself or Others Identifying biases
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As these organizations become larger and larger there is the need for strategy and
In today’s constantly changing world, change and innovation play
structural change as well as cultural changes. These two elements often go hand
an extremely important role in the survival of your organization.
in hand and can be some of the most difficult to change.
New technologies like faster software and hardware and improved
manufacturing systems are increasing production and changing the
way we do business across the globe.
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Lead with the culture must develop his or her own style, based upon values, experiences, and mission to
formulate leadership skills that build on the foundation of his or her existing
Start at the top
strengths. What skills should a leader concentrate on developing? In an article
Involve every layer
enumerating the common leadership traits that create loyal employees, Meghan Biro
Make the rational and emotional case together
named:
Act your way into new thinking
Telling the truth
Engage, engage, engage
Lead outside the lines Clearly communicating roles and responsibilities
Leverage formal solutions Creating a workplace culture that values real people relationships
Leverage informal solutions Being fair and open
Assess and adapt
Modeling the behaviors, you seek in others
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RESOURCES
STAGE MODULE TOPIC
ADVANCED COURSES MODULE 1 LEADERSHIP AND BUSINESS GROWTH STRATEGIES
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RESOURCES
Exercise 3 Explain these Leadership Concepts; Strategy, Policy Formulation, Accountability, Transparency and Responsibility to Shareholders and share your
explanations/thought with a mentor.
Exercise 4 Explore and explain how you can use each of the four steps of the CPS Learner's Model to generate innovative ideas and solutions. Discuss outcome with your
Management team and report back to a mentor.
Exercise 5 What are the significance of Objectives and Key Results (OKRs) methodology and how successfully have you implemented same in your organisation both as a
leader or an entrepreneur.
Exercise 6 Describe how the interlinks of Strategy implementation model leads to organisational success. Evaluate the outcome and discuss with a mentor.
Case In August 2017, the Board of ABC Company approved a short-tenured $20 million project estimated to achieve a 40% return. The proposal had suffered a 6-
Study 1 month delay in its approval process; It suffered additional 5-month delay during implementation. The project flopped resulting in $5 million loss. This was
attributed to the following:
1. The MD lacked relevant technical skill; 2. A non-executive director who was involved in the project implementation is suspected to have benefitted
excessively;
3. The product of the project missed its season.
Required:
a. Analyze the case to ascertain what went wrong;
b. What lessons should be learnt to avoid reoccurrence?
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RESOURCES
Case The modern era trade could be called the ‘warfare’ of businesspeople as they maneuver for increased revenues on the battlefield of commerce. Winning the
Study 2 business war could depend upon many factors such as, focus in creating a plan, flexibility, good people with skills and equipment, and a good leader with
abilities to motivate and manage people.
Napoleon Bonaparte used these factors to win his battles. Napoleon's 'La Grande Armee' (French word for ‘Big Army’ or ‘The Great Army’) achieved an
advantage over their enemies following Napoleon’s flanking strategy, first mover advantage and by living off the land. However, Napoleon also faced failures
in some of his wars and downfall in later stage of life. The case correlates Napoleon’s warfare strategies with modern era business situations. The achievements
and failures of Napoleon provide several insights to corporate strategists. Several parallels could be drawn from Napoleon’s life by today’s managers.
The case highlights Napoleon’s strategic leadership skills through which he transformed his weak army into a brave one. It also discusses how Napoleon used
flanking strategy to surprise the enemy; how he made Innovations and got first mover advantage and his supply chain management skills. Besides, the case also
highlights the insights that Napoleon’s failures provide to managers.
Linking the Napoleonic warfare strategies vis-a-vis modern era Strategic Leadership
To discuss the concept of strategic leadership
To analyze innovation strategies and first mover advantage
To understand flanking movements and offensive strategy
Thank you!
THANK YOU!
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