1. Dr. Želimir William Todorovic, Guest Editor, Journal of Entrepreneurship and Small Business  Richard T. Doermer School of Business and Management Indiana - Purdue University, Fort Wayne 2101 E. Coliseum Blvd. Fort Wayne, Indiana, 46805-1499

2. Exhibit 11.2 A Leader’s Bases of Power

3. Successful traits of leaders at the highest level Technical skills Cognitive abilities Emotional intelligence Accounting, business planning, etc. Analytical reasoning, quantitative analysis, etc. Ability to work with others, passion for work, etc.

4. Adapted from Exhibit 8.2 Opportunity Analysis Framework Sources: Based on J. A. Timmons and S. Spinelli, New Venture Creation, 6th ed. (Burr Ridge, IL: McGraw-Hill/Irwin, 2004); and W. D. Bygrave, “The Entrepreneurial Process,” in W. D. Bygrave, ed., The Portable MBA in Entrepreneurship, 2nd ed. (New York:Wiley, 1997).

5. Exhibit 12.1 Continuum of Radical and Incremental Innovations

7.  Life cycle of an industry affects the appropriateness of a given strategy  Introduction  Growth  Maturity  Decline

8. Exhibit 3.8 Criteria for Sustainable Competitive Advantage and Strategic Implications Source; Adapted from J. Barney, “Firm Resources a Sustained Competitive Advantage, ‘ Journal of Management 17 (1991), pp. 99-120.

9. Exhibit 4.1 Ratio of Market Value to Book Value for Selected Companies

10.  Hire for attitude, train for skill  Emphasis on …  Sound recruiting approaches  Networking

11. Contemporary approach - A balance between Culture Rewards Boundaries Traditional approach -Emphasizes comparing outcomes to predetermined strategies and fixed rules Adapted from Exhibit 9.3 Essential Elements of Strategic Control

12.  Leadership is the process of transforming organizations from what they are to what the leader would have them become  Three independent activities of leadership