Entrepreneurial leadership in high-tech industries: A review of key traits and success strategies
1 Independent Researcher, St Louis, Missouri, USA.
2 Department of Business Administration, Skinner School of Business, Trevecca Nazarene University, USA.
3 Kings International School Port-Harcourt, Rivers State Nigeria.
4 Ignition Ajuru University of Education, Rivers State, Nigeria.
5 Independent Researcher, Nashville, Tennessee, USA.
6 Independent Researcher, Nigeria.
Review Article
GSC Advanced Research and Reviews, 2024, 18(02), 286–296.
Article DOI: 10.30574/gscarr.2024.18.2.0071
Publication history:
Received on 02 January 2024; revised on 12 February 2024; accepted on 14 February 2024
Abstract:
Entrepreneurial leadership plays a pivotal role in navigating the dynamic landscape of high-tech industries, where innovation, agility, and strategic vision are imperative for success. This paper provides a comprehensive review of key traits and success strategies associated with entrepreneurial leadership in the context of high-tech sectors. In high-tech industries, characterized by rapid technological advancements and fierce competition, the traditional leadership paradigm often falls short. Entrepreneurial leaders in this domain are distinguished by a set of traits that enable them to thrive in uncertainty and foster innovation. Proactivity, risk-taking propensity, and a keen sense of opportunity recognition emerge as fundamental traits that differentiate successful entrepreneurial leaders from their counterparts. This review explores how these traits contribute to creating an environment conducive to innovation and adaptation. Strategies employed by entrepreneurial leaders in high-tech industries are multifaceted, encompassing both organizational and individual levels. At the organizational level, fostering a culture of experimentation, encouraging cross-functional collaboration, and establishing flexible structures emerge as critical success factors. These strategies not only enhance the organization's adaptive capacity but also stimulate a culture of continuous learning and knowledge sharing. On an individual level, entrepreneurial leaders in high-tech industries often display a high degree of emotional intelligence, enabling them to navigate complex interpersonal relationships and foster a collaborative work environment. Additionally, effective communication and the ability to inspire and motivate diverse teams become crucial tools for leaders to drive innovation and ensure sustained success. Furthermore, the review delves into the role of strategic vision and adaptability in entrepreneurial leadership. Successful leaders in high-tech industries possess the foresight to anticipate market trends, coupled with the flexibility to adjust strategies swiftly in response to evolving technological landscapes. This paper encapsulates the essence of entrepreneurial leadership in high-tech industries by exploring key traits and success strategies. By understanding and incorporating these elements, leaders can cultivate an environment that fosters innovation, resilience, and sustainable growth in the ever-evolving high-tech landscape.
Keywords:
Entrepreneurship; Leadership; High-Tech; Industries; Review
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Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0
