Entrepreneurial Leadership Two entrepreneurial approaches I will reflect on are profit-oriented and socially oriented entrepreneurs. I will describe these approaches through two entrepreneurs, Victor Kiam and Anita Roddick. Victor Kiam was what you might call a profit entrepreneur. This is “a person who seeks a profitable opportunity and takes the risks necessary to start and operate a business (Boone, Kurtz, 2011, p.182). Anita Roddick, founder of The Body Shop, was a socially oriented entrepreneur. These types of entrepreneurs are “pioneers of innovations that benefit humanity” (Boone, Kurtz, 2011, p.185). Social entrepreneurs not only want to profit from their business, but also have an interest in helping society. Profit-Oriented Entrepreneurial Approach I will start by talking about Victor Kiam. Victor was well known for his quote: "I liked the razor so much that I bought the company." The company he bought was Remington Products in 1979. He was an entrepreneur more interested in helping a company acquire its first million dollars rather than all the millions it would later raise (www.growingbusiness.co.uk). When Victor purchased Remington; eliminated unnecessary layers of management to save the company money. I believe this is due to his autocratic leadership style. “Autocratic leaders make decisions on their own without consulting employees” (Boone, Kurtz, 2011, p. 269). This leadership style was evident when he purchased Remington. The main entrepreneurial characteristics that Victor exudes are the need to achieve results and the tolerance of failure. When asked what tips he had for someone who wants to be successful, Victor responded, “Well, first there has to be the desire. Some people say, "Ultimately, I wish... middle of paper... the many entrepreneurs who have walked this earth. References Boone, L.E., Kurtz, D.L. (2011 ). Improving performance through empowerment, teamwork and communication, (13th ed.), Contemporary Business (pp. 183-185): John Wiley & Sons Inc. Entrepreneur (2008, October 10). Anita Roddick, Cosmetics with a Conscience Retrieved from http://www.entrepreneur.com/article/197688Growing Business, (2008, July 22). Victor Kiam Retrieved from http://www.growingbusiness.co.uk/victor-kiam .html NY Times, (2007, September 12) Body Shop Founder Anita Roddick Dies at 64 Retrieved from http://www.nytimes.com/2007/09/12/world/europe/12roddick.html?scp =2&sq=anita%20roddick&st=cseSelling Power, (unknown) The salesperson who bought the company Retrieved from http://www .sellingpower.com/content/article.php?a=8629#topArticlePages