PPT 17 Flashcards
Why are human resources important for an entrepreneur?
Human resources are the most precious and versatile resources, handling and controlling all other resources, which requires efficient and effective leadership.
Who provides leadership in an entrepreneurial setup?
The entrepreneur is the first leader who sets the tone for leadership.
Define a leader.
A leader is someone who:
Knows the way
Shows the way
Goes the way
How is a leader different from a manager?
A manager is appointed; a leader evolves.
Managers have subordinates; leaders have followers.
Subordinates obey due to duty; followers act voluntarily.
Managers have targets; leaders have a vision.
Managers enjoy formal authority; leaders hold informal power.
What is personality in leadership?
Personality, derived from “persona” (mask), is the sum of traits that define an individual’s reactions, interactions, and perception by others.
What are the personal qualities of leaders?
Ambition and Energy
Desire to Lead
Honesty and Integrity
Self-Confidence
Intelligence
High Self-Monitoring
Job-Relevant Knowledge
What is the Big 5 Model of personality traits?
Extraversion
Agreeableness
Conscientiousness
Emotional Stability
Openness to Experience
Describe Extraversion in leadership.
Extraversion is the ability to:
Communicate effectively with all stakeholders.
Impress and inspire through public speaking.
Build strong connections in one-to-one and one-to-many situations.
Describe Agreeableness in leadership.
Agreeableness involves:
Getting along with diverse people.
Being warm, friendly, cooperative, and trustworthy.
What does Conscientiousness reflect?
Conscientiousness reflects the tendency to be:
Responsible
Organized
Hardworking
Goal-directed
Rule-abiding
What is Emotional Stability in leadership?
Emotional stability is the ability to:
Stay calm and composed during adversity.
Maintain balance and self-confidence.
Control situations without showing mental turbulence.
What does Openness to Experience mean?
Openness to Experience includes the ability to:
Experiment and take measured risks.
Be creative, innovative, and willing to learn.
Show sensitivity and adapt to new ideas.
