The Concept of Institutional Entrepreneurship and Transformational Leadership in Project Success Case Study Solution
Literature Review
The dynamic nature of the business landscape has led scholars and practitioners alike to recognize the importance of institutional entrepreneurship and transformational leadership in achieving project success. Institutional entrepreneurship pertains to the way individuals or organizations create fresh establishments or modify existing ones by introducing fresh and innovative ideas, practices, and technologies. A leadership approach known as transformational management involves the ability to motivate and inspire team members to achieve mutual objectives and bring about beneficial transformations.
Several studies have shown that institutional entrepreneurship and transformational leadership are critical factors in the success of projects. In particular, these concepts are particularly effective in complex and uncertain environments, where traditional approaches to project management may be inadequate. However, more research is needed to understand how institutional entrepreneurship impacts project success and the factors that facilitate or hinder it in project settings.
Similarly, the correlation between transformational leadership and project success has been extensively studied, revealing the significance of leaders who can encourage and inspire their teams to reach their maximum potential.
However, there is a need for further research on how transformational leadership can be effectively implemented in project contexts, and how it interacts with other factors such as project complexity and team dynamics. Advance research in this area is required to inform the development of effective strategies for promoting institutional entrepreneurship and transformational leadership in project contexts.
This literature review delves into the extensive body of research that highlights how these two concepts play pivotal roles in fostering innovation, enhancing creative work behavior, and ultimately contributing to the achievement of various projects in organizations.
Project Success
The conventional understanding of project success, defined by the period, financial plan, and feature (iron triangle), has been challenged by scholars and project controlling authorities. Argue that project success (PS) is more complex than a binary outcome of success or failure. Project definitions of success and failure can vary based on the context, and the existing methods of calculating success might not provide an accurate picture.
Various dimensions have been proposed to measure project success, including period, presentation, price, fiscal achievement, feature, investor profits, consumer matters, and customary factors like feature, period, and money. Transformational Leadership (TL) and Institutional Entrepreneurship (IE) are two influential factors that can impact project success.
Institutional Entrepreneurial and Project Success
Drawing from institutional theory, this study adopts the perspective of institutional entrepreneurship to examine how interested performers leverage their power, structural outline, and communal place to influence variations in established configurations and performances. A review (Bhatti, 2021) provides an overview of the concept of institutional entrepreneurship and its role in project success and discusses the challenges and opportunities associated with institutional entrepreneurship in project management.
One of the key benefits of institutional entrepreneurship is its ability to challenge the status quo and drive innovation. By introducing new ideas and practices, institutional entrepreneurs can create new opportunities for growth and development, and help organizations adapt to changing market conditions. This is predominantly significant from the perspective of project management, where innovation and creativity are critical to success.
A systematic literature review by explores the correlation between institutional entrepreneurship and project success and identifies the mechanisms through which institutional entrepreneurship can facilitate project success.
Established entrepreneurship raises the actions of individuals who are interested in specific official preparations and who utilize capital to either produce novel establishments or transmute current ones. This viewpoint emphasizes the part of transformational performers in driving official alteration.
Redefining Project Success
Entrepreneurial leadership has gained prominence as a critical factor in driving innovation and project success. Scholars like have emphasized the significance of instilling an atmosphere where workforces are fortified to propose and experiment with new ideas without fear. This aligns with the concept of entrepreneurial leadership, where leaders motivate, support, and empower their team members to think creatively and take calculated risks.
This leadership style fosters an atmosphere conducive to innovation, ensuring that the organization remains adaptive in the face of evolving challenges. A study found that institutional entrepreneurship was positively related to project success, particularly in projects that involved high levels of uncertainty and complexity...............
This is just a sample partial case solution. Please place the order on the website to order your own originally done case solution.
Related Case Solutions & Analyses:
From Mental Models to Transformation: Overcoming Inhibitors to Change
Comcast New England: Journey of Organizational Transformation
Infosys (A): Strategic Human Resource Management
Columbias Final Mission
GEs Talent Machine: The Making of a CEO
Dr. Reddys Laboratories Ltd.: Chasing a Daring Vision
Verizon Communications Inc.: Implementing a Human Resources Balanced Scorecard
JetBlue Airways: Starting from Scratch
Data to Knowledge to Results: Building an Analytic Capability
Four Seasons Hotels and Resorts
