Work

Self-leadership: The essential drive for entrepreneurs

Year: 2024

Type: article

Abstract: To successfully start and build a business, entrepreneurs need both self-leadership and leadership skills. Self-leadership, a self-influencing process, enables entrepreneurs to set goals, create visions, organize, motivate, and inspire themselves. It forms a critical foundation for effective leadership, including transformational leadership, which is vital for convincing stakeholders, such as investors and employees, to support and execute a business idea. This study highlights the mediating role of self-leadership between key entrepreneurial personality traits (for example, extraversion, openness, conscientiousness, self-efficacy) and outcomes like innovation and work performance. By enhancing self-leadership, entrepreneurs can boost resilience, reduce stress, and improve performance, ultimately fostering innovation and success. For policy makers and practitioners, focusing on developing self-leadership skills could enhance entrepreneurial outcomes, reduce business failure rates, and drive sustainable growth.

Source: Journal of the International Council for Small Business

DOI: 10.1080/26437015.2024.2402412

Authors: Marco Furtner, Simon Liegl, Kilian Klösel

Institutions: University of Liechtenstein, HES-SO University of Applied Sciences and Arts Western Switzerland, HES-SO Genève

Language: English

Topic: Entrepreneurship Studies and Influences

Subfield: Management of Technology and Innovation

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: hybrid

OpenAlex ID: W4405742304

FWCI: 0.905

Cites: 13

Cited by: 2

Related to: 10