Conclusions
The central message of our contextual model of entrepreneurship is quite simple: everyone can be and should be an entrepreneur at certain times and in certain places in the ongoing life of the closely-held enterprise. There is a context within which anyone in the enterprise can be effective and can provide valuable leadership. When entrepreneurship is exhibited at all levels of the organization, then each of the four approaches to leadership and entrepreneurship will find its unique time and place to flourish.
Appropriate settings will be found or created to ensure the successful movement of the closely-held enterprise toward its central mission and social purpose. To the extent that a contemporary closely-held organization embraces this contextual model, we firmly believe that its entrepreneurial leader(s) can effectively meet the remarkable challenges of today’s complex, unpredictable and often chaotic business environment.
