Proceedings of the 2022 7th International Conference on Social Sciences and Economic Development (ICSSED 2022)

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The Efficacy of Leadership on Success of a Startup

Authors
Alex Zhao1, *, †, Yuanwu Ren2, †
1NYU College of Arts and Science, New York University, New York NY 10012, USA
2MU Business School, Marquette University, Milwaukee WI 53233, USA
†

These authors contributed equally

*Corresponding author. Email: az1894@nyu.edu
Corresponding Author
Alex Zhao
Available Online 29 April 2022.
DOI
10.2991/aebmr.k.220405.050How to use a DOI?
Keywords
Culture; Efficacy; Self-leadership; Startup; Transactional Leadership; Transformational leadership; Entrepreneurial Leadership
Abstract

The purpose of the research is to analyze how self-leadership, transformational leadership, and transactional leadership apply to startups, and how they make a startup successful. This research defines the three different types of leadership and discusses the influence of impact of founders and leadership on the startups. Self-leadership is different from the other two types of leadership in meaning and function since it exists in the personal attributes and personality of the leaders or founders. It is a strategy for leaders’ requirements and management of themselves. However, transformational leadership and transactional leadership are different ways that leaders treat or motivate followers. The difference between application of transformational leadership and transactional leadership is that the leaders with transformational leadership promote the innovation and passion of followers by agreeing with their goals and ideas, but the leaders with transactional leadership stimulate followers’ efficiency and work quality by rewarding who with high work efficiency and punishing who have not completed their work. This study indicates that these three different leadership strategies apply to certain startups.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

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Volume Title
Proceedings of the 2022 7th International Conference on Social Sciences and Economic Development (ICSSED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
29 April 2022
ISBN
978-94-6239-572-5
ISSN
2352-5428
DOI
10.2991/aebmr.k.220405.050How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

Cite this article

risenwbib
TY  - CONF
AU  - Alex Zhao
AU  - Yuanwu Ren
PY  - 2022
DA  - 2022/04/29
TI  - The Efficacy of Leadership on Success of a Startup
BT  - Proceedings of the 2022 7th International Conference on Social Sciences and Economic Development (ICSSED 2022)
PB  - Atlantis Press
SP  - 302
EP  - 310
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220405.050
DO  - 10.2991/aebmr.k.220405.050
ID  - Zhao2022
ER  -