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Oprah Winfrey - Essay Example

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Title: Oprah Winfrey - The Story of an Entrepreneur Oprah Winfrey - The Story of an Entrepreneur Answer 1: Oprah follows a unique style of leadership and entrepreneurship which is defined as entrepreneurial mode of formulation of strategies and decisions; this mode had been defined by Henry (1978)…
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Oprah Winfrey
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Oprah Winfrey

In spite of a vacuum of formal business plans, she has mostly been successful in all of her endeavors. One of the reasons for her consistent success in the business field is the vision of her business- humanitarian services for the less fortunate. She is considered to be a transformational leader, who has a clear vision and direction for her business. Modern businesses cannot be run without the presence of formal strategic plans and business models since there exists an extensive degree of competition in the prevailing markets. Companies need to formulate effective strategies from analysis of relevant data to survive in the modern markets. Oprah has been able to achieve success without any formal structural planning because her fame and humanitarian attitude have been some of the major drivers of her business. Her successes reaffirm her decision to adopt risk-taking entrepreneurship approach. Her personality and spirit could not have been better reflected in her business if any other approach would have been adopted. Decisions based on gut-feelings suit her unique business needs and vision. ... Read More
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