Purpose-The purpose of this paper is to examine entrepreneurial leadership and to determine the entrepreneurial leadership skills which are important for success in a developing economy environment. Specifically, the focus of this research was on entrepreneurial leadership within the retail pharmacy sector in Nigeria. Design/methodology/approach-This study was guided by an interpretivist-constructionist perspective. By adopting a qualitative approach, the lived experiences of the retail pharmacy entrepreneurs could be understood. 51 semi-structured interviews were the mode of data collection, and data was triangulated via three sources: entrepreneurs, employees, and literature. Findings-From the study results, a vivid picture of entrepreneurial leadership was formed, which in turn provides the basis for an empirical skill-based model of this phenomenon in a developing economy. This study identifies four distinct entrepreneurial leadership skill categories. These include technical/business skills, interpersonal skills, conceptual skills and entrepreneurial skills. The findings of this study also show the factors and conditions necessary for entrepreneurial leadership in a developing economy. Originality/value-The findings of this study have implications in theory and practice. Its results provide an empirical, skill-based framework on entrepreneurial leadership in a developing economy, a subject area for which there exists a lack of background literature. In practice, the findings of this study serve as a useful reference for practitioners and policy makers of the skills and other factors required for people to succeed as entrepreneurial leaders.
Purpose This paper aims to uncover the challenges facing entrepreneurs in a developing economy, using the retail pharmacy sector in Nigeria. Furthermore, the entrepreneurial leadership attributes that have proved to be valuable in overcoming the challenges faced in this sector will be identified. Design/methodology/approach The study is exploratory. Data collection is based on semi-structured interviews with retail pharmacy entrepreneurs and their employees. Although there has been some body of literature on entrepreneurial leadership, (Fernald et al., 2005; Gupta et al., 2004), none have addressed the nexus of leadership and entrepreneurship (Cogliser and Brigham, 2004) from the retail pharmacy sector of a developing economy. Findings Findings show that retail pharmacy entrepreneurs in a developing economy are faced with challenges such as inadequate capital and poor infrastructural facilities. However, despite these challenges, these entrepreneurial leaders were successful because of key attributes, namely, vision, risk-taking and opportunity recognition and exploitation. Research limitations/implications The sample size is a limitation to the study. Future studies with a larger sampling base as well as a different sector will provide greater insight. Originality/value This study is the first qualitative study to explore the impact of entrepreneurial leadership in the retail pharmacy sector in Nigeria. It identified the training needs for entrepreneurs in this context. By the participants sharing their experiences, the study identified the prerequisites for success, hence motivating other retail pharmacy entrepreneurs.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.