The Role of Entrepreneurial Leadership in Economic Development and its Impact on Companies: Contemporary Practices and Trends

Entrepreneurial leadership plays a crucial role in driving economic development and influencing the performance and sustainability of companies.This leadership style is characterized by a proactive approach to opportunities, a strong focus on innovation, risk-taking abilities, and the capacity to inspire and lead teams toward achieving long-term business goals.In today's competitive global market, companies with entrepreneurial leaders are more likely to exhibit flexibility, resilience, and creativity, which are essential for adapting to rapid market changes and technological advancements.