P/M/293. How the management style and leadership characteristics of an entrepreneur affect the business success and failure.

This paper highlights management styles and leadership characteristics of a successful entrepreneur (Sam Walton), and how those characteristics contribute to business success and/or possible failures. The ƒMcGregors Theory X and Theory Y approach is used to bold his successful management style, where the ƒconcern for people replaces the ƒconcern for product managerial approach. The ƒBlake and Moutons Managerial Grid is applied to position Waltons style of management. The leadership characteristics and competencies are evaluated by the means ƒHersey and Blanchards four styles of leadership Theory. Finally, the author outlines Sam Waltons achievements by presenting citations of prominent people of the time.