Mindsets seem to play a part in the successful implementation of strategic entrepreneurship. Identifying and cultivating such leaders is crucial for an organization’s survival, sustenance, and vitality. Leaders who effectively implemented strategic renewal, organizational upgrading and business model reconstruction had numerous mindsets allowing them to observe their environments differently, listen to cues more sensitively, and respond appropriately.
In order to practice strategic entrepreneurship within organizations, entrepreneurial leadership is required. However, the practice of entrepreneurial leadership appears ethereal, and identifying entrepreneurial leaders within organizations appears to be a complete fluke. While we know a lot about entrepreneurial leaders’ behaviors and styles, we don’t know much about their mentalities, cognitive filters through which they perform impact their actions and decisions. Entrepreneurial leaders, according to certain researches, acquire and practice different mindsets simultaneously, making them more comfortable with uncertainty and ambiguity.
Let’s have a look on three mindsets that make an entrepreneur a true leader.
- People-oriented Mindset:
Entrepreneurial leaders’ people-oriented mindset consists of two components: remaining inclusive and open, as well as being positive and appreciative. The leader seems to garner the support and trust of their employees and team members by utilizing these techniques. This can be crucial for developing an entrepreneurial culture within the company as well as motivating people to think and act entrepreneur.
- Purpose-oriented Mindset:
While the entrepreneurial leaders’ focus on individuals may create the impression that they were open, inclusive, cheerful, and appreciative, they can also purpose-driven. Entrepreneurial leaders that strike an unusual mix between people- and purpose-oriented thinking are able to be patient while simultaneously igniting action. Their capacity to maintain patience over time is aided by their precise focus on the goal. The two components of a purpose-oriented mindset are staying focused on purpose or the intention and being patient with the journey.
Patience:
Another factor that enabled entrepreneurs to keep focused on their goals was their amazing patience with their journey. They quickly realize that their journey would not be smooth or swift. They have to be committed to their causes and must be willing to be patient for lengthy periods of time. Their commitment to their causes is reflected not only in their belief in their causes, but also in their amazing patience with the process, which enabled them to successfully achieve a large-scale fundamental change.
- Learning-oriented Mindset:
Entrepreneurial leaders’ learning-oriented approach consists of two parts: listening as well as picking up signals from all directions, and experimenting and taking risks. Entrepreneurs are known for their ability to listen and stay alert to signals. It enables people to discover opportunities. In return employees of a firm would be inspired to take comparable risks because of the experimental character of actions and calculated risk-taking.
Resourceful Mentor 