Term Paper: Entrepreneurial Team Leadership History

Pages: 6 (2436 words)  ·  Bibliography Sources: 1+  ·  Level: College Senior  ·  Topic: Leadership  ·  Buy This Paper

SAMPLE EXCERPT:

[. . .] In the opinion of Jack Zigon, "Assessing performance of the group is intricate, however not improbable. Further, the outcomes will be enhanced quality, smaller operating cycle period, and enhanced customer pleasure." (Measuring Team Performance)

How can entrepreneurial teams be made more effective?

Collaborated efforts comprising of groups are coming to be increasingly vital to the prosperity of businesses. Globalization, use of technology, and the type of task make it increasingly vital compared to the past; now individual partner's function together efficiently irrespective of their geographical location. (How can I build more effective teams?) Envisage about a situation where every member of the work group in an establishment discharge their duties with the eagerness, inspiration and determination of a team of proprietors. Picture each team performing as if it is their own enterprise, gathering together frequently to find out the manner in which they could convince their clients and the objectives of their organization. The Entrepreneurial Team Process is a technique of functionality devised to address all work teams on giving improved customer service, functioning as if they are the owners of the business, building group objectives, planning, evaluating the functioning of the group, resolving difficulties, building prospects and relentlessly determined to develop performance outcomes. (On-Site Training Design & Implementation)

Entrepreneurial teams - ET lie at the core of all new businesses. An entrepreneurial team comprises of two or additional members having a concern, monetary and something else and are determined for the achievement of the organization; whose performance is mutually dependent in the quest for mutual goals and achievement of the enterprise; who are answerable to the entrepreneurial team and for the enterprise; who are supposed to be at the managerial rank with managerial duties in the initial stages of the enterprise, with establishment and prior to launching the business; and who are visualized as social entity by themselves and by other people. The ET wants a multifaceted entity in competence, expertise, and awareness, but also requires uniformity to be capable of functioning in a combined manner and be effective. The setting in which ET is required to be executed comes to be a feature impacting its success. The nature of the setting whether it is secure or chaotic, impacts the ET and performance of the enterprise. It is the manner in which ET reacts to and influences the setting that resolves the performance of the enterprise. The setting can also render it obligatory for the ET to alter the make up of the authority within the ET. (Entrepreneurial Teams: Definition and Determinants)

Transferring authority for instance to arrive at conclusions within the entrepreneurial team based on the circumstances and/or the assignment in control affirmatively impacts entrepreneurial team efficiency performance of the enterprise as well. Further, tactics with the entrepreneurial team, based on damaging intentions, will lower entrepreneurial team effectiveness and effectiveness of the business. Disagreement on strategic performance objectives, or other vital questions, related to the business might give the ET a scope to communicate the hopes of the ET members and choose on mutual objectives that every ET members will strive towards. In this manner communication can improve performance of the business. It has been observed by Hambrick and Hambrick et al. that uniformity within the ET profits the pace of decision-making but at the expense of actions of less importance as against a heterogeneous ET. ETs are most effective in case they stabilize their competence, awareness, and capabilities as Cooper and Daily recommends. (Entrepreneurial Teams: Definition and Determinants)

Diversity in the ETs make-up is required for the ET to attain an increased intensity of effectiveness and performance of the business. Yet again, an entrepreneurial team, which is formed by people with an equalized demographic and cognitive diversity and uniformity that harmonize the progression stage of the business and its atmosphere, will attain enhanced business performance. Besides, an entrepreneurial team that modifies its demographic and cognitive structure as per the requirement of the business, as regards its stage of progression and settings of the business, will display improved performance of the business. Besides, Entrepreneurial Teams having members with diverse and matching industry working skills and academic qualifications and have build effective communications inside the group will be more effective and will improve performance of the business. In addition, Entrepreneurial Teams which have depiction of all four of cognitive patterns of Jung's will be more effective and will attain superlative performance compared to entrepreneurial teams in which the presence of four cognitive styles is lacking. In the end, Entrepreneurial teams who employ cognitive conflict and shun emotional clashes will encounter enhanced efficiency and performance of the venture. (Entrepreneurial Teams: Definition and Determinants)

References

Allen, W; Kilvington, M. (2001) "Building Effective Teams for Resource Use Efficiency" Landcare Research Contract Report: LC0001/60, Lincoln, New Zealand

History of Leadership Research" South West Educational Development Laboratory. Retrieved at http://www.sedl.org/change/leadership/history.html. Accessed on 10/10/2004

How can I build more effective teams?" (2004) Retrieved at http://www.shl.com/SHL/en-int/Solutions/BusinessChallenges/Solution7.htm. Accessed on 10/10/2004

Literature Review on Team Effectiveness and Performance" Retrieved at http://www.abo.fi/~rrossi/Literature%20review.htm. Accessed on 10/10/2004

Measuring Team Performance" August 1994. Retrieved at http://www.opm.gov/perform/articles/053.htm. Accessed on 10/10/2004

On-Site Training Design & Implementation" Retrieved at http://www.workteams.unt.edu/conf/on-site/on-site-design.html. Accessed on 10/10/2004

Performance Management" Retrieved at http://www.opm.gov/perform/measure.asp. Accessed on 10/10/2004

Schjoedt, Leon. "Entrepreneurial Teams: Definition and Determinants" Retrieved from www.usasbe.org/knowledge/proceedings/2002/14.pdf. Accessed on 10/10/2004

The Art of Entrepreneurship" Retrieved at http://www.thinkinglike.com/Essays/Art-Of-Entrepreneurship.html. Accessed on 10/10/2004 [END OF PREVIEW]

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