Entrepreneurial Approach to Profit and Social Responsibility Research Paper

Entrepreneurial Approach to Profit and Social Responsibility - Research Paper Example Entrepreneurship is about risk taking, seen an opportunity where others are not able to see it and taking advantage of the opportunity. Adi Saravanan and Rich Gorman are such leading and successful entrepreneurs who saw an opportunity where other people around them were not able to see. They took all the risks involved in the business and financial undertakings to venture and later emerged successful and became millionaires as a result of good entrepreneurship. Adi Saravanan Adi Saravanan, an engineer by profession, graduated from the University of Bharathiyar, developed interest in being a successful entrepreneur as a result of the opportunities’ he saw in the business world when working in the financial department of Samar Financial Limited. Adi Saravanan also holds a degree in Business and Financial Management from the University of Periyar and Masters form the same university. His hard work made him get a promotion to market the products of the company. He later got another job at Ashok Leyland finance limited where he worked within the financial and treasury departments. He had a lot of interest in finance and information technology that made him co-find a company named Allsec Technologies where he is the Chief Executive officer. This company offers Business Process Outsourcing services ranging from payroll to web solutions and retail healthcare services to various industries in India and Philippines. Adi Saravanan’s Leadership Style Leadership styles are the skills, traits and behaviors that a leader exhibits as he or she interacts with his workers. Adi Saravanan as the president of Allsec Technologies is portrayed as a democratic leader.... Adi Saravanan’s Leadership Style Leadership styles are the skills, traits and behaviors that a leader exhibits as he or she interacts with his workers. Adi Saravanan as the president of Allsec Technologies is portrayed as a democratic leader. As such, he uses a democratic leadership approach to manage the company’s activities. This is because he encourages participation of all his workers and staff in decision makings. He also ensures that workers are consulted on what is supposed to be done for the benefit of the company as a whole (Northouse, 2009). His democratic leadership style is also seen in that he does not closely supervise his employees but instead gives instruction and trusts that his instructions are to be followed since all decisions made are done in consultation. Adi Saravanan’s Approach to Profit making Adi Saravanan developed various strategies to ensure that his company became profitable. The first thing he did was to ensure that costs are kept l ow by eliminating unnecessary expenditures. He also ensured that the focus of the company was to improve shift utilization by getting more clients. He ensured that the services provided are customer focused and that they met customer expectations. This is in terms of both quality and quantity. This way, he maintained the loyalty of his clients and customers. He also makes sure that the staff he hires as are professionals to ensure that quality services are delivered to the clients. This was demonstrated by the quality of payroll services and BPO services offered by Allsec Technologies (Drucker, 2006). Adi Saravanan’s Strategies to Social Responsibilities A company is supposed to give back to the society through corporate social responsibility. This is because the society is normally impacted in various