Inspiring co-workers and leading them through the entrepreneurial vision is the most effective leadership style for a modern day entrepreneur, according to the Delhi chapter of renowned Entrepreneurs’ Organisation (EO). The chapter conducted an online poll on Facebook in May, asking its members and their friends to select what they thought to be the best leadership style for an entrepreneur.
The poll asked the voters to choose between four different leadership styles: Doers, Leaders, Lovers and Learners. Doers focus on problem solving and have a hands-on approach. They typically have intense focus and are detailed in their efforts. Leaders are those who create visions and inspire their co-workers to fulfil those visions. They are motivational to say the least. Lovers focus on creating strong interpersonal relationships and consensus amongst co-workers. They are sensitive and empathetic and often know exactly how all their team members feel. Learners on the other hand, scrutinize problems thoroughly before putting their meticulous thought process onto solving the problems. They are deliberate, disciplined and strategic.
As many as 60 percent voters said that out of these, the visionary leader is the best leadership style for the budding entrepreneur, followed by 15 percent votes for Doers and Learners. On the other hand, only 10 percent voters considered the loving, nurturing leadership the best leadership strategy.
Shelley Prevost, co founder of Lamp Post Group, a venture incubator in Tennessee, USA identified these styles of working after perusing through numerous personality tests. According to her, “Leaders create the vision and inspire others to believe in it. You can’t help but listen to, admire, and follow the Leaders. Without Leaders, we would be spinning in a hamster wheel with no real vision.
Leaders can be detached from others, not completely understanding all that goes into executing their vision. Because they’re out in front, they sometimes forget to check in with the people following them.”