Groundbreaking Babson Research Advances the Field of Entrepreneurial Leadership

Engaged students are seated at tables during a classroom presentation
Listen

Decades-old problems persist. Think climate change and health care. 

New challenges emerge faster than ever in an ever-evolving technological world. Consider generative AI and privacy rights. 

And yet solutions are harder and harder for leaders to find and implement. 

The real problem may be the entrenched models of leadership that are failing. 

New research from Babson College proposes entrepreneurial leadership as a game-changing solution that could have a long-term impact for businesses and organizations of all kinds. The groundbreaking research offers the first academic model of entrepreneurial leadership. 


“Ultimately, entrepreneurial leadership encourages proactive, innovative, and risk-taking behavior, making it essential for both startups and established organizations aiming to adapt and thrive in a rapidly changing world.”
Babson Professor Scott Taylor

“Our proposed conceptual model argues that entrepreneurial leadership is a relational process, not just a set of leader traits,” says Scott Taylor, Babson professor of organizational behavior and the lead author of the new research paper that emphasizes the need for leaders and others to work together to identify opportunities, share ideas, and take action in uncertain environments. 

“Ultimately, entrepreneurial leadership encourages proactive, innovative, and risk-taking behavior, making it essential for both startups and established organizations aiming to adapt and thrive in a rapidly changing world.” 

A Unique Model of Leadership 

Traditional models of leadership often depict a singular hero setting the course and pointing the direction forward. Those models, though, break down when it comes to identifying and solving long-standing problems in the world, in part because they fail to account for leaders’ relationships with their followers. 

Composite photo of six headshots of the Babson researchers
Babson faculty who co-authored the research paper (clockwise from top left): Scott Taylor, Andrew Corbett, Wendy Murphy, Jeffrey Shay ’87, MBA’91, Keith Rollag, and Danna Greenberg

Entrepreneurial leadership bridges the gap, emphasizing the importance and value of relationships to build collaborative action to pursue entrepreneurial opportunities collectively with followers, according to the Babson research. 

The research paper—“A Conceptual Model of Entrepreneurial Leadership: How Entrepreneurial Leaders Enable Entrepreneurial Opportunity”—was published recently in the International Entrepreneurship and Management Journal. The research was led by Taylor, also the inaugural Arthur M. Blank Endowed Chair for Values-Based Leadership at the Arthur M. Blank School for Entrepreneurial Leadership, along with five Babson faculty members: 

  • Andrew Corbett, the Paul T. Babson Distinguished Professor of Entrepreneurial Studies, faculty director for the Butler Institute for Free Enterprise Through Entrepreneurship, and former chair of the Entrepreneurship Division 
  • Danna Greenberg, the Walter H. Carpenter Professor of Organizational Behavior, associate dean of faculty, and chair of the Management Division 
  • Wendy Murphy, professor of management and the associate dean of undergraduate academic programs 
  • Keith Rollag, professor of management, former dean of the Franklin W. Olin Graduate School of Business, and former chair of the Management Division 
  • Jeffrey Shay ’87, MBA’91, professor in the Entrepreneurship Division and chair of the board for the Global Entrepreneurship Research Organization (governance board for the Global Entrepreneurship Monitor) 

“Until now, entrepreneurial leadership has not been adequately defined or differentiated from traditional leadership theories,” Taylor said. “Given that some of the world’s most successful and celebrated leaders are entrepreneurs, my co-authors and I—also entrepreneurs at heart—have devoted years to conducting research to create a distinct model for this unique type of leadership.” 

Their research not only redefines entrepreneurial leadership, with an emphasis on the importance of relationships, but also explains how entrepreneurial leaders can more effectively lead people, companies, and organizations to solve problems and create value. 

This work builds on Babson’s long-standing expertise as the No. 1 school for entrepreneurship for three decades. In much the same way that the College revolutionized entrepreneurial education as a discipline that could be learned and developed, Babson is advancing the field of entrepreneurial leadership. 

Defining Entrepreneurial Leadership 

Although numerous definitions of entrepreneurial leadership have been proposed over the past two decades, scholars and practitioners have not agreed and converged on a unified understanding of entrepreneurial leadership. 

Previous definitions have been primarily rooted in either leadership or entrepreneurial domains without adequately exploring their necessary integration. Those definitions also fail to account for the needs of the followers and the important relationship between leaders and followers. 


DIG DEEPER ON ENTREPRENEURIAL LEADERSHIP: 


In their research, Taylor and his Babson colleagues define an entrepreneurial leader as someone who demonstrates emotional and social competence, as well as an entrepreneurial mindset, to cultivate followers’ satisfaction and enable their intrinsic motivation to act entrepreneurially. 

“We propose entrepreneurial leadership as a concept that blends leadership and entrepreneurship to enable leaders and their teams to recognize and pursue innovative opportunities,” Taylor said. “Unlike traditional leadership styles, entrepreneurial leadership is focused on fostering collaboration, innovation, and shared responsibility between leaders and followers.” 

The Importance of Relationships 

Most notably, the Babson research offers the first conceptual model of entrepreneurial leadership to explain the motivational dynamics that enable collaborative action between leaders and followers to identify and pursue entrepreneurial opportunity. 

“The unique skills of entrepreneurial leaders allow them to build meaningful relationships with their followers, inspire creativity, and support risk-taking behaviors,” Taylor said. “Unlike traditional leadership approaches, which often emphasize hierarchy and structure, entrepreneurial leaders focus on flexibility, adaptability, and encouraging entrepreneurial thought and action.” 

Taylor and his colleagues’ research draws on self-determination theory in their model, emphasizing the need of leaders to satisfy three innate human needs—autonomy, relatedness, and competence—to intrinsically motivate followers to act entrepreneurially. 


“The unique skills of entrepreneurial leaders allow them to build meaningful relationships with their followers, inspire creativity, and support risk-taking behaviors.”
Babson Professor Scott Taylor

“Emotional, cognitive, and hormonal functions play an essential role in unleashing human potential in others,” Taylor said.  

But it’s not easy. The Babson research finds that positive emotions and empathetic brain networks enhance creativity and openness, but negative emotions and stress-related responses inhibit these capabilities. Effective entrepreneurial leaders demonstrate a high level of cognitive flexibility to maximize their collaborations and the teams around them. 

“The leader-follower dynamic is central to entrepreneurial leadership,” Taylor said, “with the leader’s mindset and emotional intelligence playing a critical role in fostering a culture of innovation and collaboration.” 

That culture of innovation and collaboration is key to effective entrepreneurial leadership. It’s a unique model of leadership that has wide-ranging implications for the future of solving the world’s greatest challenges. 

Posted in Entrepreneurial Leadership

More from Entrepreneurial Leadership »

Latest Stories

Side-by-side photos of the chair and the two students posing for a photo with the chair
From Text Prompt to Furniture: The Story Behind Babson’s AI Dam Chair With groundbreaking artificial intelligences advances, Vaness (Reece) Gardner ’26 and Cole Collins ’26 have created what is believed to be the first full-scale, AI-designed chair on a college campus.
By
Eric Beato
Editor / Writer
Eric Beato
Eric Beato is the Editor of Babson Thought & Action and Babson Magazine. A native of Chicago and a graduate of the University of Missouri School of Journalism, Eric has worked as an editor and writer at newspapers across the country, including the Chicago Sun-Times and Boston Herald. Eric joined Babson College in 2019 after working as the communications director for a private educational travel company and as the managing editor of six regional sports publications.
May 23, 2025

Posted in Community, Entrepreneurial Leadership, Outcomes

College president shakes hands with a student at the Commencement ceremony
Babson’s Graduates Remember the People Who Inspired Them In the final moments before Commencement, just before marching to the ceremony, Babson’s 2025 graduates reflected on their College journeys and the people who supported and inspired them.
By
John Crawford
Senior Journalist
John Crawford
A writer for Babson Thought & Action and the Babson Magazine, John Crawford has been telling the College’s entrepreneurial story for more than 15 years. Assignments for Babson have taken him from Rwanda to El Salvador, from the sweet-smelling factory of a Pennsylvania candy maker, to the stately Atlanta headquarters of an NFL owner, to the bustling office of a New York City fashion designer. Beyond his work for Babson, he has written articles and essays for The Philadelphia Inquirer, Notre Dame Magazine, The Good Men Project, and other publications. He can be found on Twitter, @crawfordwriter, where he tweets about climate change.
,
Hillary Chabot
Writer
Hillary Chabot
Hillary Chabot is a writer for Babson Thought & Action and Babson Magazine. An award-winning journalist, she is known for her insightful reporting and dedication to detailed storytelling. With a career spanning over two decades, she has covered a wide range of topics, from presidential campaigns and government policy to neighborhood issues and investigative series. As a reporter for The Boston Herald, Hillary earned a reputation for tenacity and integrity. Her work at Babson College fuels her passions—to learn something new every day and conduct thoughtful, empathic interviews. She’s thrilled to be at Babson College, where students, faculty, staff members and classes provide compelling copy daily.
May 22, 2025

Posted in Community

Teddy Sourlis holds a microphone while speaking at an event
LISTEN: Changing the Game: The Mind on Sports In Episode 6 of “From Problems to Possibilities,” two Babson College alumni and an expert in mental health philanthropy discuss how entrepreneurial leaders are making an impact at the intersection of sports and mental health.
By
May 21, 2025

Posted in Entrepreneurial Leadership, Insights