Best practices of entrepreneurial leaders

Leadership Best PracticesAdapted from Jim Collins (2001) Good to Great, Harper Business, New York, NY

Best Practices of Entrepreneurial Leaders:

Workshop for NUS Entrepreneurship Society

Presented by Tom Kosnik

Fenwick and West Consulting Professor, Stanford Technology Ventures Program Department of Management Science and Engineering, Stanford University

International Advisor, NUS Entrepreneurship Centre


Agenda

• The Leadership Challenge

• Five practices and ten commitments of leadership

• Leadership practices from Built To Last

• Leadership tools from Good to Great

• Illustrate examples using Lord of the Rings

• Apply the models to your own leadership development


The Leadership Challenge

The Leadership practices from The Leadership Challenge are based on over 30 years of research on what followers admire in real world leaders


The five practices and ten commitments of leadership

The Five Practices of Leadership

The Ten Commitments of Leadership

Model the Way Find your voice by clarifying your personal values.Set the example by aligning actions with shared values.

Inspire a Shared Vision

Envision the future by imagining ennobling possibilities.Enlist others in a common vision by appealing to shared aspirations.

Challenge the Process

Search for… innovative ways to change, grow, & improve.Experiment & take risks via small wins & learning from mistakes.

Enable Others to Act

Foster collaboration via cooperative goals & building trust.Strengthen others by sharing power & discretion.

Encourage the Heart

Recognize contributions by showing appreciation for…excellence.Celebrate values and victories via a spirit of community.

Source: Kouzes, James and Barry Posner. (2002) The Leadership Challenge, Jossey Bass, San Francisco, CA, p. 72


Real examples of the five practices of leadership

The Five Practices of Leadership

Model the Way

Inspire a Shared Vision

Challenge the Process

Enable Others to Act

Encourage the Heart

How well do you think these entrepreneurial leaders perform?

Source: Kouzes, James and Barry Posner. (2002) The Leadership Challenge, Jossey Bass, San Francisco, CA, p. 72


Leadership Practices from Built to Last

Practices from the book Built To Last enabled entrepreneurial leaders to create companies that endure even after the leaders are gone.

Adapted from Jim Collins, Built To Last, (1994)


Leadership Practices from Built to Last

• Be a clock builder, not a time teller

• Build your company around a core ideology

• Build a cult-like culture

• Home grow your management

• Set Big, Hairy Audacious Goals (BHAGs)

• Try a lot of things and keep what works (experiment)

• Embrace the “genius of the and”

Adapted from Jim Collins, Built To Last, (1994)


Leadership Tools from Good to Grea!

Tools from the book Good to Great will enable an entrepreneurial leadership team to take their company to the next level of greatness.


Good to Great Study


Good to Great Examples


Inside the Black Box

What’s inside the

BLACK BOX?Good Results

Great Results


Flywheel

Good to Great

Buildup…Breakthrough…

Disciplined People Disciplined ActionDisciplined Thought

Level 5 Leadership

First who… Then What

Confront the Brutal Facts

Hedgehog Concept

Culture of Discipline

Technology Accelerators