Page 48 - (DK) The Business Book

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THE ROLE OF THE

CEO IS TO ENABLE

PEOPLE TO EXCEL

FROM ENTREPRENEUR TO LEADER

IN CONTEXT
Entrepreneurship is
FOCUS As a business grows, needed to spark a
Business growth its demands change. business into life, but...

KEY DATES
1972 Professor Larry Greiner
suggests the various stages of
business growth are preceded
by crisis, the first being a
crisis of leadership. ...and leadership skills ...management discipline
are required to maintain is required to support
2001 Leadership and change long-term growth. that growth...
expert John Kotter writes the
paper “What Leaders Really
Do.” Published in Harvard
Business Review, it draws a
distinction between the roles
of manager and leader. Founders must adjust ...and make the
2008 Indian business scholar from being the sole decision- transition from
maker to delegating... entrepreneur to leader.
Bala Chakravarthy and
Norwegian economist Peter
Lorange’s paper “Driving
Renewal: The Entrepreneur-
Manager” is published in n the early days of a new co-ordinate a growing enterprise.
Journal of Business Strategy. In business the most valuable Some entrepreneurs are able to
it, the authors calls for a new I skill a founder can have is make the transition to leadership
breed of entrepreneurship entrepreneurship—the vision to successfully, while others struggle.
in management, in order to identify opportunities, and the An Ernst & Young report in 2011
manage business renewal. willingness to take risks. But as the identified entrepreneurs as people
business grows, demands change. who are nonconformist, driven and
Disciplined management skills and tenacious, passionate and focused,
corporate expertise are required to with an opportunist mind-set.