Perception and Importance of Entrepreneurial Leadership in Small and Medium Sized Companies

Abstract

The competitive advantage is difficult to obtain in ever-changing business environment. A solution to this problem is entrepreneurial leadership which is vital to attain and uphold competitive advantage in the competitive markets. Hence, this research study was aimed at finding the perception and the importance of entrepreneurial leadership for the UK retail sector particularly the small and medium sized retailers. The small and medium sized retailers registered in the Chamber and Commerce Industry in UK were selected for survey intention. The link to a web-designed questionnaire was sent to business managers and CEOs of these retailers. The responses of survey participants showed a positive perception and the importance of the role of entrepreneurial leadership. However, the UK retail sector needs to work on improving the perception of chaos in order to avoid the high failure rate of small and medium retailers.