The Art and Science of Entrepreneurial Leadership in Manufacturing Industries - A Case Study of Selected Manufacturing Units in Industrial Estate Vijayawada
International Journal of Trend in Scientific Research and Development, 3 (5):
2385-2393 (August 2019)DOI: https://doi.org/10.31142/ijtsrd28025
Abstract
The main objective of the empirical research is to identify and study the styles of leadership in the manufacturing industrial sector in Industrial Estate Vijayawada. The data was collected through case study method. Out of the 82 manufacturing units in the industrial estate 50 are selected based on the line of activity and the type of industry using judgement convenient sampling methods. 50 workers are contacted to assess the working conditions. The success levels of leadership style in terms of profit making employment generation and labour welfare are estimated. The schedule canvassed to the respondents including entrepreneurial leaders and labour leaders and workers are classified analysed to bring out results. The study found that most of the units are owned and managed by a class of entrepreneurs who can be designated as entrepreneurial leaders. An Entrepreneur is one who organises and operates a business Entrepreneurship is characterised by willingness to take up risk in pursuit profit. The present day dynamic world requires a new entrepreneur with new abilities of innovative management and leadership qualities. This type leadership style is entrepreneurial leadership style. The systematic analysis of the production process is the science and the practical application of methods is the art both of which combine into art and science of entrepreneurial leadership. The styles adopted are examined elaborating on the theoretical basis and they are found out to be a combination of autocratic transformational leadership styles with entrepreneur leadership style showing its weight. Leadership by example is also found to be promoting production in some cases. Team building leadership is the essential characteristic of the mixed type of leadership in the manufacturing units taken for study. The workers engaged in the production process are found to be not satisfied and happy because the labour welfare legislation is not found implemented satisfactorily. Labour legislation in the form of implementation of minimum wages Act industrial disputes Act workers compensation Act are not usefully applied because most of the workers were engaged on contract basis without any contract registered under any law. Word of mouth and confidence in the organisation are found to be the guiding factors for continuing labour participation in the industrial production activities. Some sort of protection to labourers is observed in the study. It is that the same batch of labourers are preferred to be reappointed as workers when new orders are placed and opportunities arise for increased production. The labourers are in a way "preferred labourers". The manufacturing activity creates work for 300 to 500 workers every day.The presence of labour contractors is also observed and the contractor enters into an agreement with the key persons of the companies the benevolent owners who are entrepreneurial leaders in practice. The production process has been continuing with the Manufacturers Association. The producers earn normal profits. Thus follow the shut down rule taking initiatives to improve the industrial atmosphere to promote positive industrial environment and labour welfare to the extent possible. Inadequate implementation of labour laws cut throat competition make the industrial atmosphere highly severe and other factors build obstacles for faster industrial growth which is essential for economic development. S. Sridevi "The Art and Science of Entrepreneurial Leadership in Manufacturing Industries A Case Study of Selected Manufacturing Units in Industrial Estate Vijayawada" Published in International Journal of Trend in Scientific Research and Development (ijtsrd) ISSN: 2456-6470 Volume-3 | Issue-5 August 2019 URL: https://www.ijtsrd.com/papers/ijtsrd28025.pdfPaper URL: https://www.ijtsrd.com/management/business-and-retail-research/28025/the-art-and-science-of-entrepreneurial-leadership-in-manufacturing-industries-%E2%80%93-a-case-study-of-selected-manufacturing-units-in-industrial-estate-vijayawada/s-sridevi