The New Entrepreneurial Leader: Developing Leaders Who Shape Social and Economic Opportunity

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In years past, the keywords for leaders were confidence, single- minded purpose, and strategic planning. But todays vastly complex, globalized, and fast-evolving world requires a different kind of leadership. This game-changing book details a new approach entrepreneurial leadership developed at Babson College, the number-one school for entrepreneurship in the world. Entrepreneurial leadership is inspired by, but is separate from, entrepreneurship. It is a leadership approach that can be applied in any organizational situation, not just start-ups. Based on two years of extensive research, it embraces three principles that add up to nothing less than a fundamentally new worldview of business and a new logic of decision making. The authors discovered that rapid change and increasing uncertainty require leaders to be cognitively ambidextrous, able to shift between traditional prediction logic (choosing actions based on analysis of known trends) and creation logic (taking action despite considerable unknowns). Guiding this different way of thinking and acting is a different worldview of business and society, where simultaneous creation of social, environmental, and economic value is the order of the day. Entrepreneurial leaders also leverage their understanding of themselves and their social context to guide effective action. Danna Greenberg, Kate McKone-Sweet, and H. James Wilson, along with some of the top faculty at Babson, examine the three facets of this new model in detail. Each chapter offers concrete examples of how educators across all disciplines are integrating these ideas into their courses and even their entire curricula. The New Entrepreneurial Leader lays out a comprehensive new paradigm for reinventing management education in order to mold leaders who will shape social and economic opportunity.

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Danna Greenberg is Associate Professor of Management at Babson College, where she holds the Mandell Family Term Chair. She has published more than 30 articles in journals such as Journal of Management and Administrative Science Quarterly. Danna Greenberg is an Associate Professor of Management at Babson College where she holds the Mandell Family Term Chair. Her field of expertise is Organizational Behavior where she teaches core and elective courses at the undergraduate, graduate, and executive level. She has published over 30 articles and book chapters with manuscripts appearing in journals such as Administrative Science Quarterly, Academy of Management Learning and Education, Journal of Organizational Behavior, Journal of Management Education, and Journal of Applied Behavioral Science. Professor Greenberg serves on the editorial board for the Academy of Management Learning and Education and the Journal of Organizational Behavior and as an ad-hoc reviewer for Human Resources Management. In the community, she serves as a consultant and board member to a number of non-profits focused on education and social and emotional development of children. Kate McKone-Sweet is Associate Professor of Operations Management at Babson College and Chair of the Technology, Operations, and Information Management Division. Her work has appeared in publications such as the Journal of Operations Management and Production Operations Management. Dr. McKone-Sweet was on the faculty at the University of Minnesota where she taught at the M.B.A and Executive levels. She received her B.S. and M.Eng. at Cornell University and he MBA and Ph.D. at Darden Graduate School of Business, University of Virginia. H. James Wilson is senior researcher and senior writer at Babson Executive Education. His research appears regularly on Harvard Business Review Online and focuses on knowledge worker performance, strategy, and innovation. In the past year, he has led research projects on such topics as business model innovation, social media strategy, leadership in uncertain times, and how global firms focus their collaboration strategies. Prior to joiningBabson, he led thought leadership and research initiatives at Bain and Company and at Accentures Institute for High Performance Business. Wilson has authored articles for the Wall Street Journal, Harvard Business Review, MIT Sloan Management Review, and numerous other business publications. He is co-author of Whats the Big Idea? Creating and Capitalizing on the Best New Management Thinking (Harvard Business Review Press, 2003), which Fortune magazine described as one of the best business books of the season. He has also edited and contributed to more than 10 other leadership and management books.