Tuesday, June 24, 2008

Leaders redefine entrepreneurship: Employee Attrition

Courtesy: The Economic Times

This article speaks about the ability of an entrepreneur as leader.
Dwight D Eisenhower, the 34th US President and Supreme Commander of the Allied Forces in World War II, described leadership as ‘the art of getting someone else to do something you want done because he wants to do it’.

For an entrepreneur who has a startup the most difficult challenge is to retain employees. If they are true leaders, they will successful is inspiring their employees with their vision.
Here are a few extracts from the article posted on Economic Times.

Leadership is a blend of several qualities; it’s a role that demands multi-tasking. That’s exactly what a successful entrepreneur does.

If entrepreneurship is about utilising a market opportunity to create a business, leadership is about building the right team and getting it involved in achieving the business goals.

A good leader is able to take his team along with him; it is not so much about people management as it is about understanding people and inspiring them. Organisational structures are necessary to facilitate smooth operations. But they are good enough only as long as they work as enablers and not become impediments. Good leaders understand this and also recognise the importance of providing a healthy work environment where employees can express their views and ideas irrespective of their position in the organisational structure. Good leaders are good listeners who pay attention to what their employees say.


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