DEVELOPMENT POTENTIAL OF SMALL AND MEDIUM-SIZED  ENTERPRISES BY IMPROVING THE COMPETENCIES OF  ENTREPRENEURIAL LEADERSHIP

Borko Somborac; Aleksandra Penjišević; Aleksandar Pavlović; Miloš Miletić

doi:10.58898/ijmt.v1i1.15-28

Authors

Borko Somborac Faculty of Management, Sremski Karlovci, University UNION Nikola Tesla, Belgrade
Aleksandra Penjišević Faculty of Management, Sremski Karlovci, University UNION Nikola Tesla, Belgrade
Aleksandar Pavlović Faculty of Management, Sremski Karlovci, University UNION Nikola Tesla, Belgrade
Miloš Miletić

DOI:

https://doi.org/10.58898/ijmt.v1i1.15-28

Keywords:

leadership, entrepreneurship, SME, entrepreneurial leadership, organizational behavior

Abstract

Based on the review of previous research procedures, can be seen that entrepreneurial leadership represents a complementary aspect of leadership and entrepreneurship, and as such constitutes one of the main factors in the development of small and medium-sized enterprises. In order to connect leadership and entrepreneurship more closely, a comprehensive review of the relevant literature on entrepreneurial leadership, classified through the periods in which it was defined, will be carried out. Through an in-depth perspective, models of leadership evolution through the aspect of entrepreneurship with clear practical implications will be presented. This type of analysis will create a new framework for the development of key competencies that surround entrepreneurial leadership and, on whose influence, organizational growth and development directly depends. This set of competencies is especially important, due to the circumstances that arose after the COVID-19 pandemic, and this means finding a leadership model that will enable organizations to absorb the negative effects of business in the macro environment and lead in the direction of optimal market sustainability. Also, by expanding existing theoretical knowledge about leadership and entrepreneurship, authors strive to provide a new perspective on modern management in turbulent times.

Downloads

Download data is not yet available.

References

Cai, W., Lysova, E. I., Khapova, S. N., & Bossink, B. A. G. (2019). Does Entrepreneurial Leadership Foster Creativity Among Employees and Teams? The Mediating Role of Creative Efficacy Beliefs. Journal of Business & Psychology, 34(2), 203–217. doi.org/10.1007/ s10869-018-9536-y

Dabić, M., Stojčić, N., Simić, M., Potocan, V., Slavković, M., & Nedelko, Z. (2021). Intellectual agility and innovation in micro and small businesses: The mediating role of entrepreneurial leadership. Journal of Business Research, 123, 683–695. doi.org/10.1016/j. jbusres.2020.10.013

Freeman, D. (2014). Entrepreneurial Leadership Across Contexts: Unique Challenges and Skills. Journal of Leadership Studies, 8(3), 40–41.

Gebauer, J. (2018). Towards Growth-Independent and Post-Growth-Oriented Entrepreneurship in the SME Sector. Management Revue, 29(3), 230–256.

Gross, R. (2019). The Nexus Between Followership and Entrepreneurial Leadership: A Firm Level Analysis. Journal of Management Policy & Practice, 20(5), 18–27.

Gross, R. (2020). Constructing a Relationship between Entrepreneurial Leadership and Organizational Flexibility. Delhi Business Review, 21(1), 23–38.

Ma, X., & Jiang, W. (2018). Transformational Leadership, Transactional Leadership, and Employee Creativity in Entre-preneurial Firms. Journal of Applied Behavioral Science, 54(3), 302–324. doi.org/10.1177/0021886318764346

Macklin, M. (1990). Leaders, Managers and Small Business. Management Review, 79(8), 62.

Mathews, J. (2017). Entrepreneurial Leadership: A Conceptual Examination. IUP Journal of Entrepreneurship Devel-opment, 14(4), 31–50.

Miao, Q., Eva, N., Newman, A., & Cooper, B. (2019). CEO Entrepreneurial Leadership and Performance Outcomes of Top Management Teams in Entrepreneurial Ventures: The Mediating Effects of Psychological Safety. Journal of Small Business Management, 57(3), 1119–1135. https://doi.org/10.1111/jsbm.12465

Newman, A., Neesham, C., Manville, G., & Tse, H. H. M. (2018). Examining the influence of servant and entrepreneuri-al leadership on the work outcomes of employees in social enterprises. International Journal of Human Resource Management, 29(20), 2905–2926. doi. org/10.1080/09585192.2017.1359792

Newman, A., Tse, H. H. M., Schwarz, G., & Nielsen, I. (2018). The effects of employees’ creative self-efficacy on innova-tive behavior: The role of entrepreneurial leadership. Journal of Business Research, 89, 1–9. doi.org/10.1016/j.jbusres.2018.04.001

Nicholson, N. (1998). Personality and Enterpreneurial Leadership: A Study of the Heads of the UK’s Most Successful. European Management Journal, 16(5), 529.

Nielsen, J. E., Babić, V., Stojanović-Aleksić, V., & Nikolić, J. (2019). Driving Forces of Employees’ Entrepreneurial Inten-tions - Leadership Style and Organizational Structure. Management: Journal of Sustainable Business & Management Solutions in Emerging Economies, 24(3), 59–39. doi.org/10.7595/10.7595/management.fon.2019.0020

Roundy, P. T. (2020). Do we Lead Together? Leadership Behavioral Integration and Coordination in Entrepreneurial Ecosystems. Journal of Leadership Studies, 14(1), 6–25.

Ruvio, A., Rosenblatt, Z., & Hertz-Lazarowitz, R. (2010). Entrepreneurial leadership vision in nonprofit vs. for-profit organizations. Leadership Quarterly, 21(1), 144–158. doi. org/10.1016/j.leaqua.2009.10.011

Sarabi, A., Froese, F. J., Chng, D. H. M., & Meyer, K. E. (2020). Entrepreneurial leadership and MNE subsidiary perfor-mance: The moderating role of subsidiary context. International Business Review, 29(3), N.PAG. doi.org/10.1016/j.ibusrev.2020.101672

Sarmawa, I. W. G., Widyani, A. A. D., Sugianingrat, I. A. P. W., Martini, I. A. O., & Foroudi, P. (2020). Ethical entrepre-neurial leadership and organizational trust for organizational sustainability. Cogent Business & Management, 7(1), 1–17. doi.org/10.1080/23311975.20 20.1818368

Saseendran, H., & Salman, S. (2019). Influence of Entrepreneurship Psychology on Small Business Creation and Organi-sational Success. Small Enterprises Development, Management & Extension Journal (SEDME), 46(3), 205–216. doi.org/10.1177/0970846419871112

Schoemaker, P. J. H., Heaton, S., & Teece, D. (2018). Innovation, Dynamic Capabilities, and Leadership. California Management Review, 61(1), 15–42. https://doi. org/10.1177/0008125618790246

Simić, M., Slavković, M., & Aleksić, V. S. (2020). Human Capital and SME Performance: Mediating Effect of Entrepre-neurial Leadership. Management: Journal of Sustainable Business & Management Solutions in Emerging Economies, 25(3), 23–32. doi.org/10.7595/ management.fon.2020.0009

Tarabishy, A., Solomon, G., Fernald Jr., L. W., & Sashkin, M. (2005). The Entrepreneurial Leader’s Impact on the Organi-zation’s Performance in Dynamic Markets. Journal of Private Equity, 8(4), 20–29. doi.org/10.3905/jpe.2005.580519

Thukral, E. (2021). COVID‐19: Small and medium enterprises challenges and responses with creativity, innovation, and entrepreneurship. Strategic Change, 30(2), 153–158.