Business or entrepreneurial leadership defined in the increasingly turbulent and competitive environment business organization face today, it is leadership that is based on the approach that the leader is self-employed. Business owners with a team of employees understand the link between happy and fulfilled employees and satisfied customers.
Business owners take initiative and act as if they are playing a vital role in the organization rather than a mostly important one and rejuvenate their employees. They show entrepreneurial creativity and activity, search always for new opportunities and grab them. They always ready to take risk, involve or try to enter into new areas and provide strategic direction and motivating to their employees. They are ready to take responsibility for the failures of their team, learn from these failures and use them as a step to final success and strategic accomplishment.
Business owners bring out the leader from their employees by encouraging them, involving everyone in innovation process and reward them for their input with recognizing them. They try to get know each employee personally; this can help them develop leadership capacities that suit those strengths, as well as strategies to convert their weaknesses into strengths.
Business owners give importance and recognize employees for good idea to positive changes. They may give award or gift of recognition. They recognize what motivate each employee and support those things in each of them. They also develop a sense of urgency in their employees. Developing a sense of urgency and direction will help them know what your expectations are, and prompt them to take on a more significant role in the organization. Business owners praise their employees for what they're doing right, and enlighten them about what they could be doing even better. They challenge each of employees to be the best they can be. They also provide positive feedback on their work and allocate decision making power.