The Importance of Entrepreneurial Leadership for Socio-economic Value Creation

Petrylaite, Edita and Rusk, Michele (2018) The Importance of Entrepreneurial Leadership for Socio-economic Value Creation. In: ISBE 2018 - 41st Institute for Small Business and Entrepreneurship Conference, 7th - 8th November 2018, Birmingham, UK.

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This paper looks into the link between entrepreneurial leadership and social value creation. It reviews the development of the entrepreneurial leadership concept since the 1990s and highlights its fluidity and synergetic value for the socio-economic wellbeing of the firm and its wider business community. The role of the leader in creating value for all stakeholders is significant and requires an ability to innovate, collaborate, share and integrate. Thus, methods for accomplishing such an important mission need to go beyond traditional and rigid means. Entrepreneurial attributes, such as creativity and innovation, can contribute to this cause if combined with reflection, naming, framing and sense making as a new way of building knowledge, networks and partnerships.

This research addresses the gap in value creation by generating knowledge about new methods of value creation. It introduces a collaborative design practice as a new abductive method to co-evolve multiple solutions in a co-creational processes. This strategic design activity is a new form of collective entrepreneurship which not only contributes to value creation but also results in more dynamic and effective collaborations in more diverse contexts to generate new knowledge and methods for collective growth.

Item Type: Conference or Workshop Item (Paper)
Subjects: N200 Management studies
Department: Faculties > Business and Law > Newcastle Business School
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Depositing User: Paul Burns
Date Deposited: 06 Nov 2018 11:32
Last Modified: 19 Nov 2019 09:46

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