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Leading Entrepreneurial New Ventures: An Emerging Model Peter D. Lucash, MBA, MPH Northeastern University CPS Lecturer and EdD Candidate © 2015 Peter D Lucash All rights reserved 1 Joint Global Leadership Conference Northeastern University Coll of Professional Studies Swinburne University of Technology October 2, 2015 Boston, MA USA

Peter Lucash Entrepreneurial Leadership present Northeastern Univ. Global Ldrshp Conf Oct 2 2015

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Page 1: Peter Lucash Entrepreneurial Leadership present Northeastern Univ. Global Ldrshp Conf Oct 2 2015

Leading Entrepreneurial New Ventures:

An Emerging Model

Peter D. Lucash, MBA, MPHNortheastern University CPS Lecturer and EdD Candidate

© 2015 Peter D Lucash All rights reserved 1

Joint Global Leadership ConferenceNortheastern University Coll of Professional Studies

Swinburne University of TechnologyOctober 2, 2015 Boston, MA USA

Page 2: Peter Lucash Entrepreneurial Leadership present Northeastern Univ. Global Ldrshp Conf Oct 2 2015

The question: Is entrepreneurial leadership distinctive?

Look for differences in: Situation Skills Competencies Traits Tasks

© 2015 Peter D Lucash All rights reserved 2

Page 3: Peter Lucash Entrepreneurial Leadership present Northeastern Univ. Global Ldrshp Conf Oct 2 2015

Perhaps….. Entrepreneurial leadership IS the leadership model for the 21st century

If so, what does this mean for: Students Faculty Mid-career Organizations Entrepreneurs

© 2015 Peter D Lucash All rights reserved 3

Page 4: Peter Lucash Entrepreneurial Leadership present Northeastern Univ. Global Ldrshp Conf Oct 2 2015

“Dimensions 7” EL Framework

Situational

SensemakingOpportunity

ID/InnovationVisioning

Relationships/ NetworkingAdvocacy/Influencing

Collaboration

© 2015 Peter D Lucash All rights reserved 4

Page 5: Peter Lucash Entrepreneurial Leadership present Northeastern Univ. Global Ldrshp Conf Oct 2 2015

Define leadership

50 ways to leave your lover…………

6 ways to leave an airplane………..

100+ domains describing/ defining leadersip

© 2015 Peter D Lucash All rights reserved 5

Page 6: Peter Lucash Entrepreneurial Leadership present Northeastern Univ. Global Ldrshp Conf Oct 2 2015

Working definition

Entrepreneurial leadership entails influencing and directing the performance of group members towards the achievement of organizational goals that involve recognizing and exploiting entrepreneurial opportunities

(Renko, et al, 2015)

© 2015 Peter D Lucash All rights reserved 6

Page 7: Peter Lucash Entrepreneurial Leadership present Northeastern Univ. Global Ldrshp Conf Oct 2 2015

Premise • High level of uncertainty• Nascent organizations• Few barriers• Range of prior experience• Intersection of leadership

and entrepreneurship

© 2015 Peter D Lucash All rights reserved 7

© http://www.bazaardesigns.com/

Page 8: Peter Lucash Entrepreneurial Leadership present Northeastern Univ. Global Ldrshp Conf Oct 2 2015

Where are we? No comprehensive textbook

Undergraduate courses

Some research, but….

© 2015 Peter D Lucash All rights reserved 8

Page 9: Peter Lucash Entrepreneurial Leadership present Northeastern Univ. Global Ldrshp Conf Oct 2 2015

EL RolesScenario enactment: Frame the situation and the challenge

Cast enactment: • convince potential followers

and stakeholders that the scenario is possible,

• by assembling resources to accomplish the objectives underlying the scenario.

• Creating a cast of characters—people endowed with the appropriate resources needed to execute the transformation.

(Gupta, et al, 2004)

© 2015 Peter D Lucash All rights reserved 9

Page 10: Peter Lucash Entrepreneurial Leadership present Northeastern Univ. Global Ldrshp Conf Oct 2 2015

Leadership about capabilities, skills and knowledge

© 2015 Peter D Lucash All rights reserved 10

1. Complex problem solving2. Solution construction3. Social judgmentMumford, Zaccaro, et al, 2000)

Mumford, Ensley et alModel

MIT/Sloan 4 Capabilities Model

1. Cognitive2. Interpersonal3. Business4. StrategicMumford, TV, Campion, et al, 2007

Leadership Strataplex

Page 11: Peter Lucash Entrepreneurial Leadership present Northeastern Univ. Global Ldrshp Conf Oct 2 2015

“Dimensions 7” EL Framework

1. Situational2. Sensemaking3. Opportunity

identification/Innovation4. Visioning5. Relationships/

Networking6. Advocacy/Influencing7. Collaboration

© 2015 Peter D Lucash All rights reserved 11

Page 12: Peter Lucash Entrepreneurial Leadership present Northeastern Univ. Global Ldrshp Conf Oct 2 2015

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SCENARIOSense-makingOpportunity identification/innovationVisioning

CASTRelationships/ NetworkingAdvocacy/InfluencingCollaboration

The Situation

© 2015 Peter D Lucash All rights reserved

“Dimensions 7” EL Framework

Page 13: Peter Lucash Entrepreneurial Leadership present Northeastern Univ. Global Ldrshp Conf Oct 2 2015

Implications Integrate into business courses: Innovation Opportunity

discovery Launch “new”

Management Development

Economic development

© 2015 Peter D Lucash All rights reserved 13

Page 14: Peter Lucash Entrepreneurial Leadership present Northeastern Univ. Global Ldrshp Conf Oct 2 2015

© 2015 Peter D Lucash All rights reserved 14

Who has the first question?

Page 15: Peter Lucash Entrepreneurial Leadership present Northeastern Univ. Global Ldrshp Conf Oct 2 2015

Peter [email protected]

Charleston, SC

© 2015 Peter D Lucash All rights reserved 15

Page 16: Peter Lucash Entrepreneurial Leadership present Northeastern Univ. Global Ldrshp Conf Oct 2 2015

References

Gupta, V., MacMillan, I. C., & Surie, G. (2004). Entrepreneurial leadership: developing and measuring a cross-cultural construct. Journal of Business Venturing, 19(2), 241-260.Renko, M., El Tarabishy, A., Carsrud, A. L., & Brännback, M. (2015). Understanding and measuring entrepreneurial leadership style. Journal of Small Business Management, 53(1), 54-74.Mumford, M. D., Zaccaro, S. J., Connelly, M. S., & Marks, M. A. (2000). Leadership skills: Conclusions and future directions. The Leadership Quarterly, 11(1), 155-170.Mumford, T. V., Campion, M. A., & Morgeson, F. P. (2007). The leadership skills strataplex: Leadership skill requirements across organizational levels.The Leadership Quarterly, 18(2), 154-166.

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Page 17: Peter Lucash Entrepreneurial Leadership present Northeastern Univ. Global Ldrshp Conf Oct 2 2015

OODA Loop OBSERVE: Situational awarenessORIENT: Situational understandingDECIDE: Situational judgmentACT: Situational influence

© 2015 Peter D Lucash All rights reserved 17