In: Operations Management
1.How does the role of leader differ from that of manager?
Answer 1) Leadership is a relationship between leaders & followers that involves influence, inspiration, shared purpose, and real changes. People follow their leader's command because they consider them as their role model. Effective leader is always followed by his team members because he motivates, inspires, encourages them by creating a high-performance team with a shared mission & collective responsibility. Manager is one who is responsible for assigning tasks & managing the day-to-day activities in an organization. Leader encourages his team to work effectively by sharing common goals whereas Manager simply assigns work to employees & is responsible up to its completion.
2. How should the context affect entrepreneurial leadership style?
Answer 2) Entrepreneurial Leadership is a phenomena of building, guiding, managing, & motivating a creative team. Entrepreneurial leadership is an important tool for gaining success in this competitive & dynamic era. It is necessary to be an effective leader & manager for an entrepreneur to become successful. A good entrepreneur is one who motivates, guides & inspires his team to enhance their performance by aligning their personal goals with organizational goals. Entrepreneurial leadership is about encouraging teams to share mission, collective responsibility, make them feel satisfied by bringing out & utilizing their best talent. Steve Jobs, Bill Gates, Mark Zuckerberg are some examples who follow the entrepreneurial leadership style.
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