LESSON 7: BUILDING YOUR TEAM
Now since your product/service offerings are in place and you have also have funds that you will
require to set your venture in motion and from where to source those funds.
But who will take care of all these aspects?
Can you do it alone? Obviously not! You need people, you need a team, and you need to manage
that team. This lesson is all about that.
Learning Objectives:
Understand Shared Leadership and its importance in an entrepreneurial venture
Adopt and practice the Shared Leadership approach
Identify the best practices involved in hiring a team
Recognize the importance of a co-founder in an entrepreneurial venture
Identify the roles for which you need to hire
Create Job Description templates for the roles that you have identified for hiring
LEADERSHIP
Human resource is the most important resource for any organisation or institution in the world
considering rest all the things are manageable. Managing humans is the most difficult task as
they are living organism full of emotions and feeling compared to machines. So keeping your
team motivated and full of passion and driven toward objective goal requires an effective leader,
who not only listen to them but led with an example.
You all must have encountered or read about people who are exceptionally well in leading
masses. One thing which put them apart from their team is understanding, trusting, and
empowering their teammates.
In the 1930s, Kurt Lewin, the father of Social Psychology, produced ground-breaking work
identifying three types of leaders:
Authoritarian Leadership
Laissez-faire Leadership
Shared Leadership
Authoritarian Leadership
Authoritarian leadership means that the leader has full power. Authoritarian leaders tell groups
what to do and expect group members to execute. Under time pressure, this style may work well,
allowing the leader to make a quick decision and providing the group with direct instructions. An
authoritarian leader who presents a clear vision can motivate a divided group. However,
authoritarian leaders are more likely to disregard the good ideas of others. The style can also
inspire resentment and stress.
Laissez-faire leadership
Laissez-faire leadership allows group members total freedom. Laissez-faire leaders do not
participate in the decision-making process, and rarely offer opinions. This style can work well if
the group is highly motivated and competent. However, laissez-faire leadership has many
Now since your product/service offerings are in place and you have also have funds that you will
require to set your venture in motion and from where to source those funds.
But who will take care of all these aspects?
Can you do it alone? Obviously not! You need people, you need a team, and you need to manage
that team. This lesson is all about that.
Learning Objectives:
Understand Shared Leadership and its importance in an entrepreneurial venture
Adopt and practice the Shared Leadership approach
Identify the best practices involved in hiring a team
Recognize the importance of a co-founder in an entrepreneurial venture
Identify the roles for which you need to hire
Create Job Description templates for the roles that you have identified for hiring
LEADERSHIP
Human resource is the most important resource for any organisation or institution in the world
considering rest all the things are manageable. Managing humans is the most difficult task as
they are living organism full of emotions and feeling compared to machines. So keeping your
team motivated and full of passion and driven toward objective goal requires an effective leader,
who not only listen to them but led with an example.
You all must have encountered or read about people who are exceptionally well in leading
masses. One thing which put them apart from their team is understanding, trusting, and
empowering their teammates.
In the 1930s, Kurt Lewin, the father of Social Psychology, produced ground-breaking work
identifying three types of leaders:
Authoritarian Leadership
Laissez-faire Leadership
Shared Leadership
Authoritarian Leadership
Authoritarian leadership means that the leader has full power. Authoritarian leaders tell groups
what to do and expect group members to execute. Under time pressure, this style may work well,
allowing the leader to make a quick decision and providing the group with direct instructions. An
authoritarian leader who presents a clear vision can motivate a divided group. However,
authoritarian leaders are more likely to disregard the good ideas of others. The style can also
inspire resentment and stress.
Laissez-faire leadership
Laissez-faire leadership allows group members total freedom. Laissez-faire leaders do not
participate in the decision-making process, and rarely offer opinions. This style can work well if
the group is highly motivated and competent. However, laissez-faire leadership has many
