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A Historically Underutilized Business (HUB) is a corporation, sole proprietorship, partnership or a joint venture formed for the purpose of making a profit in which at least 51 percent ownership of the business is by a socially vulnerable groups.
Hubs (along with “labs”) are now appearing and proliferating in virtually every major city around the world, and it seems as if there are as many sub-types as there are different types of entrepreneurship.
Hub organizers expect each member to display strong individual agency: They assume that voluntary, self-directed action drives the social dynamic (and energy) of the community as a whole.
Hub members welcome diversity in a broad sense (gender, class, and ethnicity), as well as with regard to the knowledge and ideas that different community members bring in.
Events such as hackathons and “pitch nights” enhance the value of physical space by promoting contact between individuals and groups that would not normally meet during their daily routines. Digital spaces extend the scope of the hub; for example, websites function as an important digital representation, revealing a hub’s existence to a broader audience and strengthening its identity. Blogs and hub-specific platforms allow participants’ interactions to unfold in various forms online.
Hubs view themselves as members of a decidedly global culture. Their core values are shaped by what some refer to as the “global social entrepreneurship movement” or the “start-up revolution.” This sense of shared values and purpose seems to serve as a vital motivating factor for new and existing members that desire to belong to “a global community.”
Tuukka Toivonen & Nicolas Friederici
Group leadership is the process of providing focus and direction to a specific group of people. Leadership of this type often involves facilitating and guiding the actions of group participants as well as accepting responsibility for the outcome of the group’s efforts.
The laissez-faire style is approach to group leadership. Sometimes referred to as hands-off method, this type of approach essentially provides the group with the resources needed to accomplish assigned tasks, then steps out of the way and allow the group members to complete the necessary tasks with little to no direct involvement by the group leader. With this approach, the group leader remains available to answer questions, to motivate, and to assist when and as desired by the group members, but otherwise remains somewhat detached from the process.
One approach to group leadership that some say is not true leadership at all is known as the Abdacratic style of leadership. With this model, the designated group leader has no authority over the group members at all. While promoting a great deal of creativity that can lead to new innovations, this group leadership model has the most potential for failing to perform essential tasks, as there is no one to provide direction on any level for the actions pursued by the group.
As part of the team building effort, Change Leadership group is helpful when there is a need to draw on the talents and expertise of everyone in the group, while the autocratic approach is highly effective when tough decisions must be made quickly. Many leadership coaching and development seminars and ongoing group leadership training courses stress that each of these approaches may be incorporated into the dynamics of a single group, and used when and as most appropriate. For this reason, it is often recommended that true group leaders must be able to accurately assess the needs and the abilities of the group, in order to decide which approach is the most beneficial at any given point in time.