Moving from Entrepreneur to Leader (Edexcel A-Level Business): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
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Practise the cards
10 cards from this deck
3 requirements for entrepreneur to leader transition
3 requirements for entrepreneur to leader transition
Adapting skills, changing mindset, new leadership capabilities
What becomes essential as organisations grow larger
What becomes essential as organisations grow larger
Formal structures
Company type entrepreneurs convert to for growth capital
Company type entrepreneurs convert to for growth capital
Public limited company (plc)
Examples of institutional investors
Examples of institutional investors
Pension funds and insurance companies
Who leaders become responsible for in large corporations
Who leaders become responsible for in large corporations
Employees, shareholders, suppliers, customers, communities
Leader's role shift from operational functions
Leader's role shift from operational functions
Designing strategies, providing vision, high-level decisions
Main psychological barrier for entrepreneurs
Main psychological barrier for entrepreneurs
Strong desire for control and autonomy
3 types of pressures causing stress in leaders
3 types of pressures causing stress in leaders
Financial, people, stakeholder conflicts
Strategies to overcome delegation difficulties
Strategies to overcome delegation difficulties
Thorough recruitment, surround with talent, build trust gradually
Ways to earn respect as a leader
Ways to earn respect as a leader
Meet stakeholder needs, recognise performance, show integrity