The New Entrepreneurial Leader: Developing Leaders Who Shape Social and Economic Opportunity (Bk Business)

In years past, the keywords for leaders were confidence, single-minded purpose, and strategic planning. But today's 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.

Praise for The New Entrepreneurial Leader The Babson team cracked the code on global entrepreneurial leadership for the 21st century. Their three principles cognitive ambidexterity, responsibility and sustainability, and self- and social awareness are the bedrock for winning on the competitive global playing field of tomorrow. A conceptually sound and very practical guidebook for leadership success.

Noel Tichy, Professor and Director, Global Citizenship Initiative, University of Michigan, and coauthor of Judgment (with Warren Bennis) Helps us understand the imperative for developing leaders who create both economic and social value. Importantly, this book offers a blueprint for how educators across the curriculum can prepare students to have the vision and ability required to achieve integrated value.

Nancy McGaw, Deputy Director, Business and Society Program, Aspen Institute Precisely what our turbulent and uncertain environment requires: a new leader with good self-knowledge and passion, able to reconcile the apparent contradictions (in the yin-and-yang tradition of the Chinese) brought by complexity. The model will be a source of inspiration, and action, for all those concerned about leadership today.

Henri-Claude de Bettignies, Emeritus Professor of Leadership and Responsibility, INSEAD, and Emeritus Professor of Global Responsible Leadership, CEIBS Working with Babson College, we've seen how its entrepreneurial approach to management education can unlock the growth and job-creation potential of small businesses across the United States. The New Entrepreneurial Leader is a must-read for anyone who is interested in positioning American students and businesses owners as the cornerstones of this country's economic recovery.

Dina Powell, Global Head of Corporate Engagement and President of the Goldman Sachs Foundation, Goldman Sachs Group As business schools reconsider their point of arrival and their future destinations, The New Entrepreneurial Leader provides a vocabulary and conceptual road map for those institutions that consider entrepreneurship and innovation as the way forward. The book both provides a toolbox and shows the power of a core focus on entrepreneurship in developing a distinctive educational program that has implications for all business schools.

Rakesh Khurana, Marvin Bower Professor of Leadership Development, Harvard Business School, and author of From Higher Aims to Hired Hands This book is an exem

Danna Greenberg is associate professor of management at Babson College, where she holds the Mandell Family Term Chair.
Kate McKone-Sweet is associate professor of operations management at Babson College and chair of the Technology, Operations, and Information Management Division.
H. James Wilson is a senior researcher and writer at Babson Executive Education.