Why a Masters in Leadership will Develop your Entrepreneurial-leader Skills
Studying and learning about entrepreneurial-leaders, their characteristics, decision-making, and the development of ‘winning’ strategies, is a passion of mine. Though leadership has been studied for millennia, entrepreneurship is a much more recent researched phenomenon. Business has witnessed an increased level of entrepreneurial activity as business shifts from the industrial age to the information age.
A whole new way of conducting business has emerged which is leading to entrepreneurial leadership and it can be argued that the archetype of the future organizations will be entrepreneurial (Fernald, Solomon, & Tarabishy, 2005).
The impact this paradigm shift is having on business is astounding, with each generational leader responding differently. The research shows that these changes are significantly impacting today’s businesses. To put this in broad terms, of the 500 companies listed in the 1955 Fortune 500, only 61 were still on the list in 2014. Another metric shows that the average life of one of these 1955 firms was around 75 years; today, it is less than 15 years and steadily in decline (Perry, 2014). An example of this can be shown by the severity of ineffective leadership and dismal CEO performance. A recent study showed that thirty percent of today’s CEO’s in Fortune 500 companies stay in leadership positions less than three years (Tetenbaum & Laurence, 2011).
Though not all leaders may consider themselves to be entrepreneurial, the literature supports that the more leaders integrate these ideas and characteristics within their business practices, the organization stands to sustain its longevity. As Fernald, Solomon, & Tarabishy (2005) have put it, entrepreneurial leadership “deals with concepts and ideas, and these are often related to problems that are not of an organizational nature” (p. 3).
The MA in Leadership program at City University of Seattle has entrepreneurship integrated into its leadership curriculum. The MA Leadership program includes the latest research in leadership theory; courses such as Adaptive Leadership and Thought Leadership and Creativity are leading leadership theories designed to support all levels of the organization. Looking at these theories through the lens of developing leaders, students stand to gain much in their Master’s pursuits.
Contact Greg Price, Academic Program Director at City University of Seattle for more information. 206-239-4771
Greg Price is a doctoral candidate at City University of Seattle researching entrepreneurial leadership.
Fernald, L. W., Jr, Solomon, G. T., & Tarabishy, A. (2005). A new paradigm: Entrepreneurial leadership. Southern Business Review, 30(2), 1-10. Retrieved from Retrieved from http://search.proquest.com/docview/228226067?accountid=1230
Perry, M. J. (2014, August 18). Fortune 500 firms in 1955 vs. 2014; 88% are gone, and we’re all better off because of that dynamic “creative destruction.” Retrieved from https://www.aei.org/publication/fortune-500-firms-in-1955-vs-2014-89-are-gone-and-were-all-better-off-because-of-that-dynamic-creative-destruction/
Tetenbaum, T., & Laurence, H. (2011). Leading in the chaos of the 21st century. Journal of Leadership Studies, 4(4), 41-49. doi:10.1002/jls.20191