n this question there are three words.
Leadership: – leadership means leader who lead the group or a team.
Entrepreneurial Venture: – Basically entrepreneur is risk taker and who start business with limited resource. And they are innovative. In this question the term entrepreneurial venture donate the time period of starting business.
Established Company: – Here established company refer a company who is well stabled and running well from more than a year.
Now, we discuss leadership challenges which are different for an entrepreneurial venture compared to an established company.
Managerial Effectiveness: – In managerial effectiveness time management, strategic thinking, decision making all these thing come, and it is well develop in established company but it is not well develop new business or entrepreneurial venture.
Inspiring: – In established company it is easy to inspire or motive other to ensure they are satisfied with their work or job because a leader know very well about nature of its employees or worker but it is hard to inspire in new firm in which everyone is new and especially in entrepreneurial venture.
Employee’s development: -It is challenge of developing employees including training, coaching and monitoring. Entrepreneurial venture.
Building Trust: – In this globalisation world spending time with anyone is so difficult. Due to this a leader fails to build trust with its groups. Because in the time of entrepreneurial venture everyone eyes on developing business and in established company it is easy to build trust because in this company are well run and they have time to spend and build a trust with its employees.
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