Leadership Style: A Driving Force for Entrepreneurial Orientation in Contemporary Business Management

Building a sustainable entrepreneurial posture within an organization is a necessary shortcut to business prosperity and perpetuation even in a constantly changing environment of business. It particularly promotes business functionality through its creative and innovative tendency needed to meet and surpass the ever changing customers expectations from service providers. Given this understanding, it is the purpose of this study to theoretically review the role of leadership styles in the advancement of entrepreneurial orientation strategy in business operation. In order to achieve this purpose, the study was divided into the following slants: the meaning and nature of leadership styles, taxonomies of leadership, the concept of entrepreneurial orientation, key components of entrepreneurial orientation, and nexus between leadership styles and entrepreneurial orientation. Finally, the study concluded that the concept of leadership styles has a positive influence on organizational behavior such as entrepreneurial orientation which has the ability to position a business competitively better and well ahead of their rivals in both large and small organizations. Based on this, we recommend that: i) in order to achieve organizational goal, quality leadership should be given a top priority ii) that the adoption of leadership style should be based on situation and not based on what worked in the past iii) that through good leadership style such democratic, charismatic, transformational and transactional style, entrepreneurial orientation posture can be developed and sustained in contemporary business management.