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Generics group is a technological incubator that follows visionary leadership strategy for enhancement of tangible and non-tangible resources. In addition, case study has provided information that visionary leader of Generics Group, Professor Gordon age is able to ensure better success by clarity, judgement and total commitment in business. As commented by Ateş et al. (2020), telecommunication, biotechnology and materials engineering are three major sectors for modern business propagation. In case of Generics Group more than 200-million-euro valuation can be possible within 2000 by implanting radical changes in new business environment. On the other hand, incorporation of visionary leadership is also facilitative for this firm to develop interdisciplinary culture and job satisfaction level of employees.
Generics group follows creativity within their business process and this is helpful for them to reduce rigorous challenges. As pointed out by Kegoro & Anyango, (2020), employee empowerment is needed for any form to gather profitability and increment of production can also be possible. On the other hand, employees can able to access performance of their team members and investment in business process is also allowed. Apart from this, technological improvement is beneficial for this company to acquire more than 1-million-euro fund. After analysing case study, it can be commented that strategic vision of Generics group is developed by recruiting skilled labours. As a result, subsequent major gains were also be acquired after 2011 with capitalisation of 30-million-euro and genuineness in business is maintained till date.
I like your answer very much as you have defined clearly about incremental changes implemented by visionary leaders within an organisation. On the other hand, technological advancement of Generics Group and its effect in business success is also explained. Therefore, I have gained number of information from your discussion and review, thank you so much for such an effective answer on leadership perspective for generic companies.
Your answer seems incomplete to me as you have not explained about revenue generation and proper discussion about its effectiveness is also missing. On the other hand, idea of entrepreneurship is not added as a strong business concept of visionary leaders within your study. Henceforth, it is needed to develop your answer properly by reading the provided case study again and relevancy of research can be improved through this.
Ateş, N. Y., Tarakci, M., Porck, J. P., van Knippenberg, D., & Groenen, P. J. (2020). The dark side of visionary leadership in strategy implementation: Strategic alignment, strategic consensus, and commitment. Journal of Management, 46(5), 637-665. Retrieved from: https://journals.sagepub.com/doi/pdf/10.1177/0149206318811567
Kegoro, H. O., & Anyango, J. O. (2020). Employee Empowerment on Performance of Selected Pharmaceutical Manufacturing Firms in Nairobi City County, Kenya. Journal of Human Resource & Leadership, 4(1), 47-59. Retrieved from: https://stratfordjournals.org/journals/index.php/journal-of-human-resource/article/download/482/580.
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