Welcome to The New Entrepreneurial Leader! We plan for this blog section to become an engaging and agenda-setting conversation on how and why society needs entrepreneurial leaders today more than ever.
So what is an entrepreneurial leader anyway?
Entrepreneurial leaders are individuals who, through an understanding of themselves and the contexts in which they work, act on and shape opportunities that create value for their organizations, their stakeholders, and the wider society. Entrepreneurial leaders are driven to simultaneously create social, environmental, and economic opportunities. They are also undiscouraged by a lack of resources or by high levels of uncertainty.
Rather they tackle these situations by taking action and experimenting with new solutions to old problems, as our industry research of over 1,500 global organizations shows. Entrepreneurial leaders refuse to cynically or lethargically resign themselves to the problems of the world. Rather through a combination of self-reflection, analysis, resourcefulness, and creative thinking and action, they find ways to inspire and lead others to tackle seemingly intractable problems.
As you read blogs (and book), please note that entrepreneurial leadership is not synonymous with entrepreneurship. It is a new model of leadership. Entrepreneurs, and the specific discipline of entrepreneurship, are often focused on new venture creation. Entrepreneurial leaders, on the other hand, also pursue opportunities outside of startup ventures.
- Entrepreneurial leaders work in established organizations, introducing new products, processes, and lead expansion opportunities.
- Entrepreneurial leaders work in social ventures, tackling societal problems that others have ignored.
- Entrepreneurial leaders build engagement in social and political movements, and they change existing services and policies in non-governmental organizations (NGOs) and in governments.
These leaders are ready to challenge, change, and create new ways to address social, environmental, and economic problems through these different organizations. Entrepreneurial leaders are united by their ability to think and act differently to improve their organizations and the world.
As management educators and researchers, we have the opportunity and the responsibility to be a force for change as we redesign, and even reinvent, management education and development programs to foster entrepreneurial leadership. To that end, we will continue to feature Babson faculty experts—many of whom already expertly contributed to the book—to help us show how they are doing this. Please join the conversation!