INTRODUCTION:
Visionary approach involves identifying new opportunities and taking advantage of them and therefore giving an organization competitive advantage which sets them apart from competitors. An organization uses this strategy when there is an opportunity available in the industry and the outcome can be predicted. This strategy also aims to fill gaps in the industry and timing is of paramount importance. It takes a visionary leader to be able to implement this strategic approach. The leader identifies available possibility and works towards achieving it. He relies on intuition and disregards what others have to say.
The organization’s vision needs to be made clear and should be well understood in order to ensure that it is achieved. …show more content…
His ability to bridge the gap in the industry on a timely basis has led to its success as they have no competition and therefore enjoy monopoly power within East and Central Africa. It takes a visionary leader to drive the visionary approach. Mohamed Jaffer possesses qualities of a visionary leader such as being a risk taker, focused, innovative, pioneer and strategic planner.
As a risk taker and pioneer he was not afraid to go into a line of business that had not been ventured into. He was focused and optimistic as he waited for 16 years to get all the necessary approvals at a time when Kenya was under “a freeze” by international communities. GBHL resorted into getting international lenders in order to design and construct a modern dry bulk cargo …show more content…
Visionary leaders see opportunities and make good use of them before others who pose or may pose as competitors. They locate subtle trends and discrete events by being watchful. Through building and persistence, they create an edge in their business that becomes difficult to be competed with. In GBHL, Mohamed Jaffer foresaw an opportunity in the Mombasa Port and implemented it on the year 2000. GBHL has an edge in that, it is the sole operator at the Port of Mombasa for mechanical bulk grain handling. GBHL being a monopoly they have a competitive advantage over other companies competing with them hence incur less costs and high profits
Taking risks. In financial field, it is generally noted that the higher the risk, the higher the required rate of return. Risk is part of a business. Visionary leaders take calculated risks. They act on the insight about the future from the information they obtain which others often miss. This enables them to benefit from their decisions. GBHL through its visionary leaders have made certain calculated risks to stay various calculated risks to ensure efficiency and relevant. One of their feature is that they discharge 12000 Metric Tons per day. They also have a storage capacity of 245,000 Metric
Visionary approach involves identifying new opportunities and taking advantage of them and therefore giving an organization competitive advantage which sets them apart from competitors. An organization uses this strategy when there is an opportunity available in the industry and the outcome can be predicted. This strategy also aims to fill gaps in the industry and timing is of paramount importance. It takes a visionary leader to be able to implement this strategic approach. The leader identifies available possibility and works towards achieving it. He relies on intuition and disregards what others have to say.
The organization’s vision needs to be made clear and should be well understood in order to ensure that it is achieved. …show more content…
His ability to bridge the gap in the industry on a timely basis has led to its success as they have no competition and therefore enjoy monopoly power within East and Central Africa. It takes a visionary leader to drive the visionary approach. Mohamed Jaffer possesses qualities of a visionary leader such as being a risk taker, focused, innovative, pioneer and strategic planner.
As a risk taker and pioneer he was not afraid to go into a line of business that had not been ventured into. He was focused and optimistic as he waited for 16 years to get all the necessary approvals at a time when Kenya was under “a freeze” by international communities. GBHL resorted into getting international lenders in order to design and construct a modern dry bulk cargo …show more content…
Visionary leaders see opportunities and make good use of them before others who pose or may pose as competitors. They locate subtle trends and discrete events by being watchful. Through building and persistence, they create an edge in their business that becomes difficult to be competed with. In GBHL, Mohamed Jaffer foresaw an opportunity in the Mombasa Port and implemented it on the year 2000. GBHL has an edge in that, it is the sole operator at the Port of Mombasa for mechanical bulk grain handling. GBHL being a monopoly they have a competitive advantage over other companies competing with them hence incur less costs and high profits
Taking risks. In financial field, it is generally noted that the higher the risk, the higher the required rate of return. Risk is part of a business. Visionary leaders take calculated risks. They act on the insight about the future from the information they obtain which others often miss. This enables them to benefit from their decisions. GBHL through its visionary leaders have made certain calculated risks to stay various calculated risks to ensure efficiency and relevant. One of their feature is that they discharge 12000 Metric Tons per day. They also have a storage capacity of 245,000 Metric