Servant Leadership for BOP Serving Companies (Essay Sample)

Name
Instructor
Course
Date
Bottom of pyramid strategy
I believe that the company with an intention to serve the bottom of pyramid (BOP) society should have servant leadership as it has enormous benefits. For instance, the number of people entering the industry at this level is very high and promises a great profit. Furthermore servant leadership enables the company to create the brands of commodities that are loved in a particular society. Through such advantages, the company can be able to improve and grow drastically in a few years.
Servant leadership in BOP venturing is essential in creating a sustainable relationship between the company and the society. For instance, through offering loans that can be accessed easily by poor without too much collateral, it makes the company obtain many supporters from the poor group. Such relationship is worthy since it makes the company an excellent choice at all times through trust. With well-established trust, the company will be able to increase sells and obtain community support.
Servant leadership helps in creating organization image. For instance, through offering cheaper and friendly loans banks like Hatton National bank have created a better image in the public. The importance public image as a result of servant leadership is that it facilities growth and profit maximization. Image enables a company to add up the number of their customers and, therefore, be able to expand their services to new locations around the world. For example, through servant leadership for the poor in Vietnam, Hatton national bank has grown enormously and expanded its branch to other countries including Sri Lanka.
Servant leadership also helps the companies to obtain indirect benefits from the community through empowering them. For instance, through servant leadership, the company can be able to eradicate poverty among people and enable them to improve their purchasing power. The increase in the overall purchasing power of the people means a greater increase in production due to high demand. This outcome will result to rise in profits received by the organization. For instance, through offering loans to individuals in Sri Lanka, Hatton National bank has been able to create over 250,000 job self-employment that support more than 50,000 families. This outcome shows the benefits if servant leadership in economic empowerment as it improves capital and profit generation that facilitates general community development.
Servant leadership facilitates growth and development of the institution. Through servant leadership, many organizations get the needed support from the community. For instance, they can develop a diverse range of products that are readily acceptable by the community around hence improving their profit maximization needs. Still on growth, servant leadership markets the name of organization hence enabling them to increase the numbers of customers without spending so much in creating a good name. The result of practices like these is increased production and profit maximization.Ideal servant leadership
My perfect servant leadership will take into account several things including the current state of my customers, the needs of my employee and objective of the organization. I will consider the current state of my customer first in developing production strategy. For instance, I will consider their average earning and financial situation and develop the products that cannot violet their basic needs. Besides that, I will be concerned with facilitating delivery and offering services in a diverse range of sizes to ensure that consumers with different requirement meet their needs. Besides that, organizing community togetherness and wellness day will act correctly in creating a worthy relationship. For instance, through community togetherness activities, we will be able to solve fundamental problems, encourage on a particular activity and teach on important aspect o life. This pram will also be beneficial to us since it will add up in the production ideas. Furthermore, we will encourage direct communication and complain delivery with the outside world. This technique will enable us to correct mistakes and win the trust of community around.
On my employees, I will ensure that the required resources for comfortable working are offered. Besides that, I will encourage decentralization to help workers to raise their problem and views freely. Besides that, I will consider, coming up with employee empowering program to help them solve their personal problem well without affecting their working condition. Rewarding the well-performing team is also an important thing as it will act as motiva...