(Written) Project: Cornelius Vanderbilt was an American business magnate who bui

(Written) Project:
Cornelius Vanderbilt was an American business magnate who built his wealth in railroads and shipping.
Your paper should look like these instructions. 11- or 12-point font, double spaced, your best grammar, spelling checked. This project is practice for your career. Do your best work.
Key Lessons from this project to contemplate:
*No idea is too small to start with / You don’t need a huge financial investment to get started.
*Higher education will help, but it should not be a barrier to entrepreneurship / use the study of entrepreneurism or concepts from this management class to enhance and develop your own individual plans, goals, desires. Your background does not define your future – there are no supposed disadvantages, only missed opportunities / only procrastinated actions.
1. Research your assigned individual and prepare 1 page summary of the business life of the individual. Include any strengths, weaknesses, opportunities, and threats (SWOT). Include how they began and how they ended their careers if applicable.
2. Using the (6) leadership styles listed below, choose the best applicable style and provide (2) examples from that individuals history to back-up your choice of style. Use an essay style answer to this question about ¼ of a page.
Managing your management style
The first step in developing your own management style is understanding the reality of your team, its individuals, and your own skills. From there, you can begin to implement them and draw on aspects from each one to discover the combination that works best for your team. It’s all about finding the balance between hands-on and hands-off approaches.
Finding your groove will take some time and practice and will probably involve some learning from trial and error — but fear not. Committing to testing out different styles and being open to learning is the best place to start, and continual growth and development are key to being a good manager, and a great leader.
3. Using the (6) leadership styles listed below, explain which style you favor or agree with for your own management style and why you believe it defines you. More than 1 style might fit your personal style. Again, ¼ of a page to complete this part of the project.
The six leadership styles
1. Affiliative leadership
Affiliative leadership mainly focuses on people and relationships that will help get optimal results. It is one of the styles of entrepreneurial leadership which helps to meet the needs of individuals rather than performance. This model is necessary for an organization because it helps a lot to address the problems of team members and managers effectively. This model makes feasible ways to establish trust and creditability among employees or groups when they face a crisis in a workplace. The primary advantage of affiliative leadership is that it gives ways to create a better working environment in an organization.
2. Democratic leadership
A democratic or participative leadership involves getting inputs from team members and engaging them in the leadership process. It aims at reaching a consensus through participation to generate new ideas and approaches for the benefit of a company. This leadership model relies mainly on teams to make better decisions rather than individuals. It works well for a company that is looking for changes and an agile workforce. At the same time, democratic leadership works only if the teams are highly competent.
3. Authoritative or visionary leadership
The authoritative or visionary leadership has a long view in mind that helps a business to get the desired outcomes. It provides ways to motivate employees and teams while planning important activities. A visionary leader will utilize a “come with me” approach and has a proper understanding of challenges. This model is one of the best styles of entrepreneurial leadership because it has a clear vision for achieving success. The leadership offers guidance to teams and employees to maintain a positive attitude in working places.
4. Pacesetting leadership
Pacesetting leadership aims at setting high standard performance for a leader as well as the team in an organization. This approach is suitable for highly competent and motivated teams who work under tight deadlines. It is one of the leadership styles in business that will help enhance the skills of a team. A leader will lead by an example in this approach and stick to activities better. Furthermore, he/she may expect the same outputs from teams when they are highly motivated and skilled. The model is very effective in small group settings that can increase performance levels.
5. Coaching leadership
Coaching leadership is also one of the leadership styles in business that involves identifying the strengths and weaknesses of teams. This approach will offer solutions for the problems by developing the behaviors and skills. A leader acts as a coach in this model and finds the gaps in the development gaps with more attention. He/she will work closely with teams to address their issues as soon as possible while planning important activities.
6. Transformational
Transformational leadership is the best entrepreneurial leadership for a business because it has a shared vision of the future. Also, a leader will use effective communication skills in this approach to reach out to a team quickly. A transformational leader will have outstanding qualities such as self-awareness, empathy, integrity, etc. All of them enable a business to increase its productivity and growth to a large extent.
Presentation Essay is due before the end of class: 11/30/23. Printed with your name – date – course name: Construction Management
Cornelius Vanderbilt was an American business magnate who built his wealth in railroads and shipping.