Strategic Business Management and Its Comparison to the Case of Research Paper - 1

Strategic Business Management and Its equality to the Case of iCreative - Research Paper ExampleThe researcher states that for expansion of business through internal venturing and correlative ventures, iCreative requires managers and leaders who possess strategical leadership skills along with market intellect and cultural aw atomic number 18ness of orthogonal markets. Being an entrepreneur and introducing a new concept in the market requires a different attack altogether than running family-owned businesses or other established organizations, be it a company or a partnership. Where every organization model requires a different leadership approach, entrepreneurship demands innovation and creativity. Entrepreneurial leaders are required to be dissatisfied with the status quo and should encounter the ability to question imperfections and present a infract alternative. For this purpose, learning ways of existing businesses and modifying them effectively is the gist of entrepreneu rial leadership. Entrepreneurial leaders need to give up flexibility in their approach and ability to learn continuously. Furthermore, these leaders are expected to have authenticity in their tone when they communicate. Such leaders not only share their insight but in addition have the humility to encourage their peers and subordinates to share their views. Since an entrepreneurial model is never perfect in the inception, then feedbacks and ideas of a team could help this new venture. Entrepreneurial leaders are also expected to have a vision and ability to examine their organizations at different levels of businesses. It not only includes operational and strategic management levels but also involves capability of identifying gaps between existing and desired efficiency and effectiveness. Entrepreneurs are provided with a huge amount of advice and negative feedbacks having the critical effect on business performance.