Leadership: Transformational

Transformational leadership in entrepreneurial firms may be an important key to success. Important factors include the viewing of employees as important assets, the ability to inspire a shared vision with the firm's staff, and excellent communication skills. Entrepreneurial leaders engender creativity and provide an environment where employees feel encouraged and supported. Generally, a firm is created and sustained through a strong commitment to a vision regarding what the firm provides and the importance of those provisions to the market it serves. Visionary leaders are often considered charismatic: able to exude personal warmth and charm and show concern for employees outside work. Each of these traits is strongly associated with facets of transformational leadership, and so understanding its theoretical underpinnings is critical to an entrepreneurial firm's ...