In times like this my former boss words ring in my ear, Sir Owais as we all called him told me that you had to have a big heart in business, because there are many many setbacks, but you have to get up and pick up from the start. That was his way of thinking which also was supposed to be adopted by his partner Sir Mansur. It so easy to say things but its very difficult to actually do it and why must I say, well that's how our background training has been.
Both these bosses had delivered different kind of behaviour, motivated by the first one. I don't think its easy to become a leader or to be able to quickly adapt. There are many factors that affect our personality and our approach to the future. For the entrepreneur who is the owner and manager, he/she will probably be using the multidetermined strategy, a concept in the psychodynamic approach defined as the gratification of a number of wishes at the same time. An efficient approach towards a whole set of life issues.(Kisfalvi, 2002) But then what does other people who don't use this approach use to their life's problem? I leave that open ended.
Ironically, the same story by both the bosses are converyed differently, fun with one and serious and boredoom with the other. What's in for me is the question that the employee's ask, if you don't have the money then better sell the organization with an organizational culture. However for the individual this would need a lot of strategic thinking, also known as "controlled boldness", but rest assured if pulled wisely can have great results.
To sum it up, owner managers as the literature states have to pick the strategy that works for them because their business size, revenue and earning vary compared to others. People are always negative towards something new because it has the degree of uncertainity attached to it but then there are always many decisions that are taken place like those everyday. We can only hope as future entrepreneurs that we can take our knowledge and working experience and build something on it which will be strong and ready for any sort of change.
Kisfalvi, V. (2002), The entrepreneur’s character, life issues, and strategy making. A field
study. Journal of Business Venturing, 17, 489-518.
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