Entrepreneurship’s Impact on Personal Development and Self-Efficacy

Abstract

Leadership is interpersonal influence exercised in a situation and directed through communication process towards the attainment of a specified goal or goals. It is the process of influencing and supporting others to work enthusiastically towards achieving objectives. By exercising his leadership, the leader tries to influence the behavior of individuals or group of individuals around him to achieve common goals. Leadership emphasis on transformation and therefore, transformational leadership emerges. Leadership is an important factor for making any type of organizations successful. Good leadership is essential in all aspects of managerial function whether it to be motivation, communication or direction. Good leadership ensures success in the organization and dissatisfactory human performance in any organization can be primarily attributed to perform leadership. In recent management practices a recent emphasis has been put on leadership development through training and development and by providing conducive work environment. Leadership development involves developing the qualities and attitudes in managers which help them to look into the future and being necessary change on proactive basis rather than or reactive basis. Entrepreneurial activities are associated with various uncertainties, complexities, and challenges. Higher education is need for the building of competencies of the Entrepreneurial knowledge, skills and abilities. Additionally, for successfully deals with the challenge, the student’s engagement is essential to create interpersonal relationship, teamwork, enabling task delegation, and building confidence among the group members. Actually, the entrepreneurial leader takes responsibility for their actions and those actions must be more proactive than reactive.