Entrepreneurial Leadership - Why Entrepreneurs fail
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Shiraz Ahmed Entrepreneurial Leadership Why Entrepreneurs Fail IBA – CED | Karachi | 05 June 2015
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Transcript of Entrepreneurial Leadership - Why Entrepreneurs fail
Shiraz Ahmed
Entrepreneurial Leadership
Why Entrepreneurs Fail
IBA – CED | Karachi | 05 June 2015
First name with strength. E.g. Smart-Shahid; Shy-Shiraz
What business you plan to start / doing?
Why do you want to do business?
Introductions
Trained and Taught 40,000+ professionals and students in last 10 years
Faculty, facilitator, Public speaker and coach
Futurist, foodie and failed entrepreneur !
Who’s Shiraz?
Shiraz’s viral video on fb
2 million+ views
Guess for likes and shares
Shiraz on Sildeshare
How can we make this 2-hour session remarkable?
Norms
Why young entrepreneurs fail?
Today’s and Future world
Action plan – 2 steps from today!
Simple Message
Google is disrupting World!
1. Today’s and Future World
Khan Academy: Teacher-less class
Degrees are getting out!
Hire by auditions!
This talk scraps MBA one-fourth curriculum!
Jan Koum – founder
$19 billion
An app can make you Billionaire / Millionaire
D’Aloisio, only 17!
Sold Summly to Yahoo in $30million
An app can make you Billionaire / Millionaire
Future World - Lets predict!
a. Samsung clip
b. Future school clip
c. Microsoft 2020 clip
My Personal story – Why i fail!
2. Why young entrepreneurs fail?
2. Why young entrepreneurs fail?
2. Why young entrepreneurs fail?
2. Why young entrepreneurs fail?
2. Why young entrepreneurs fail?
2. Why young entrepreneurs fail?
Greediness
Direction
Intention
look inside
2.1 Wrong Purpose
Coach
No alternative to Experience!
Feedback
2.2 Absence of Mentor
2.3 Absence of Business Model
2.3 Absence of Business Model
2.3 Absence of Business Model
Source: HBR
Unable to build and lead Team!
Core Team - Ideator - Financial - Promoter
2.4 Team
It is determination, courage, and the ability to get results, while building relationships!
What is Leadership?
Establish directions
Align people, motivate & inspire
Get results!
What is Leadership?
Leader Managers
Purpose oriented
Asks – Why and
What
Inspire
Pulls
Giver
Profit oriented
Asks – How and
when
Influence (power)
Push
Transactional
Involvement in job with heart and soul.
Passion for work
Enjoy and feel valued for doing the job!
Cognitive, Physical, Emotional
What is Engagement
Shiraz Research on EE for Pharma
1. Singapore loses $5 billion annually
2. Britain loses ₤39 billion annually
3. For 100 employees @ 25k/month, the cost of 20% disengagement = PKR 6,000,000
Cost of disengagement
1. Build Team
2. Suitable Leadership style!
What you need to do?
1.Discuss in group for 10 mins
2.Build Team (3 points)
3. Suitable Leadership style!(Which is best and why?)
- Tell- Sell - Guide - Empower
How you will do? Group activity
1.There is no best style!
2.Dependent on follower readiness
3.Readiness = Will and Skill
2. Leadership Style
Coaching using Skill/Will matrixHigh
WILL
Low
GUIDE Coach Train Explain Allow early mistakes Relax control with progress
DELEGATE (Empower!) Set objectives, not method Praise, don’t ignore Invoke decision making Give stretching tasks Don’t over-manage
DIRECT Clear briefing Build skill Provide feedback Raise and nurture Close supervision
EXCITE Identify reason Motivate with vision Monitor Feedback Encourage
Low SKILL High (CAN)
Passion Clip
Coach clip
Conclusion
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Today’s Learning
What you will do?
How!
Action Plan
Thank you
