Leadership Skills as Antecedent for Competitive Advantage in Meeting Strategic Goals in Kenyan’s Banking Sector
Journal Title: Scholars Journal of Arts, Humanities and Social Sciences - Year 2017, Vol 5, Issue 3
Abstract
There has been a crisis of leadership in most organizations during present decade and last one. It is in this period that there has been a fall of a number of firms while others are under the statutory management. Attempts have been made to salvage the situation and in most cases, there are recommendations of total overhaul of the management team. Some of them have reported significance profits such as the case of the New Kenya Cooperative Creameries limited, which has reported a pre-tax profit of 30% as compared with last year for a similar period as per the company’s report 2009. Others are Uchumi Supermarket and Kenya Power and Lighting Corporation (KPLC), which have recorded significant improvement in their revenue. This is attributed to the change in management and leadership of these firms. The scenario has led to loss of billions by the shareholders and employees’ pension. Many factors that do affect the performances of the firm include the decisions that the leader make. As observed by Robbins in 2007, firms’ performance will be low if the leadership does have a challenge in providing direction and inspiration necessary to create and implement the organizational mission and vision, policies and strategies to achieve and sustain the organizational objectives which are necessary in the realization of the organization’s intended outcomes. the objective of this paper therefore, is to examine leadership skills as antecedent for competitive advantage in meeting strategic goals in Kenyan’s banking sector. Keywords: competitive advantage, strategic leadership, strategy.
Authors and Affiliations
Harrison K. Mwangi
Keywords
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