Entrepreneurial Leadership is a primary force behind successful change. These wealth-building Entrepreneurial leaders are not merely "executing better" – they're radically changing the rules of the success game in the workplace. For the Entrepreneurial leader, creativity is a continuous activity. They are always seeing new ways of doing things with little concern for how difficult they might be or whether the resources are available. But the creativity in the entrepreneur is combined with the ability to innovate. They take the idea and make it work in practice.
This sees something through to the end and not be satisfied until all is accomplished. This is a central motivation for the entrepreneur. Entrepreneurial Leaders need to encourage expansive out-of-the-box thinking to generate new ideas but also filter through these ideas to decide which to commercialize. Using a balanced "loose-tight" style of leadership alternates creating space for idea generation and freeing exploration with a deliberate tightening that selects and tests ideas for further investment and development. Looseness usually dominates the early stages of the Entrepreneurial Leaders process; in the later stages, tightening becomes more important to scrutinize the concepts and bring the selected ones to the market. A balanced approach is essential to Entrepreneurial Leaders. Those who remain loose too long generate plenty of ideas but have difficulty commercializing them.
