An empirical study on the role of leadership development program and its impact on entrepreneurial activities

Abstract

Organizations support leadership development training programs to continuously improve the level of leadership competence and the supply of suitable applicants for leadership roles. One of the skills that entrepreneurs should cultivate to become “leaders” is leadership competency. In entrepreneurship, leadership has a significant role. Therefore, the purpose of this study is to explore the role of leadership development programs that include personal development, self-assessment, team management, strategic leadership, skilled knowledge, and relationship development, to know the way they influence entrepreneurial activities. To test the hypothesis under study, this research applies the Structural Equation Modelling (SEM) approach to the data being gathered from 365 employees and managers of entrepreneurial business firms in India. The obtained results show that personal development, skilled knowledge, and relationship development have a beneficial impact on entrepreneurial activities. In contrast, self-assessment, team management, and strategic leadership are found to have no beneficial impact on entrepreneurial activities. The combination of the ideas of leadership and entrepreneurship is suggested in this study, filling the gap in the previously provided cross-sectional data of the literature.