It is natural for every business student to aspire to be a successful businessperson at a reputable organization. These positions could be of an entrepreneur, the chief-executive office, the departmental heads - marketing, sales, production, and finance or even the president and chief supervisor. Everybody has a different perfect position in mind; a different dream; I aspire to be an entrepreneur and start up a business of designer personal computers.
The reason that I believe that the position of an entrepreneur and then the CEO of the organization once it is in existence is perfect for me is due to my personality and passion put together. The enthusiasm that I hold for designer personal computers is extraordinary; I want to pass on this fervor to other people too by opening up my own venture. An entrepreneur is somebody who takes major risks; he employs all the money that he has towards his business plan in the hope of earning profit. However, this profit could very well be major losses as well; the entrepreneur might be left with no capital by the end of the project. However, I am a very adventurous person by nature - risk taking and gambling is a part of everyone's life; taking risks for something one really desires is a positive risk. Also, I possess a high energy level, self-confidence and an awareness of passing time. I tend to make the best use of time that I have along with a managed awareness of my surroundings. These are all the qualities that an entrepreneur should possess ideally, and with these qualities and commitment, I believe I can reach new heights as an entrepreneur myself.
The second prerequisite of a running an organization successfully at a certain position is 'leadership'; a leader is somebody who manages the entire organization and its operations, controls all activities, monitors each act and most importantly, motivates other employees to work for the progression of the organization. Employees tend to slack off and become uninterested in their job; it is the task of this leader to exhibit his leadership skills and talk these employees into working hard and become motivated. One of the most important jobs of the leader, who mostly is the manager, is to plan out a mission and then guiding and directing it to success (Thompson, Strickland, Gamble; 2008).
The way a person plans to lead his organization of his subordinates depends on basically two things; firstly, his nature and personality attributes and secondly, the circumstances at hand and the type of organization he is running. There are several types of leadership styles - authoritative, participative, delegative, autocratic, charismatic, democratic, people oriented, task oriented etc (Glanz, 2002). However, the three main categories are 'authoritative/autocratic', 'participative/democratic' and 'delegative/free reign'. A leader can only be successful if he knows which side of this leadership to apply in which situations.
'Participative/democratic' is a style that focuses more on team work and building great interpersonal relationships with one's colleagues. Such a leader does not believe in ordering or bossing around his/her subordinates; this also gives birth to a level of respect among the team members. This strengthens the ease and comfort of sharing ideas and innovation techniques and negates the idea of suppressing one's suggestion in fear